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Freya North discusses the process of referencing and the companies utilized for this purpose. They prefer using Goodlord, a third-party contractor, for referencing and tenancy agreements, as it provides a regulated and up-to-date tenancy agreement. This choice alleviates the burden of continually ensuring compliance with current regulations, which is particularly important given their busy schedule. Goodlord is also connected with Vouch, who conducts the reference checks. The process is designed to streamline tenant applications for properties through Freya North Limited, ensuring smooth operations for both tenants and landlords.