November 1st, 2012
Why Should You Check a Tenants Credit:
A credit check helps you truly evaluate a tenant’s ability to meet their rental obligations.
When you own a rental property, the selection of an appropriate tenant is critical to the success of the landlord-tenant relationship.
As a landlord, you need to verify that all the information on a tenant’s application is legitimate and that the tenant has a history of reliability and promptness in meeting their financial obligations.
Unfortunately, tenants can provide misleading or fraudulent information on their applications. Protect yourself as much as possible from dishonest tenants.
A Credit Check is an invaluable and inexpensive tool to assist landlords in the tenant screening process. Credit reports cannot be directly obtained from credit agencies.
Screening of a tenant must go beyond a phone call to a former landlord or contacting a “character reference”.
TENANTCHECK provides landlords with a convenient opportunity to access a tenant’s credit history BEFORE entering into a tenancy agreement.
ONLY $10/check for BCLA members!