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Freya North discusses referencing in property management, emphasizing the use of a third-party contractor for referencing and tenancy agreements. They prefer Goodlord, which is integrated with Vouch, to ensure up-to-date and regulated tenancy agreements, allowing them to focus on other tasks without worrying about compliance. This system helps maintain adherence to current legislation. When a tenant applies for a property through Freya North, the referencing checks are conducted via this efficient process, providing clarity for both tenants and landlords regarding the referencing system in place.