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Landlord Credit Checkscom Form
______________________________(Age)__________
Resident _______________________________(Age)________
Hereinafter “Resident.” The word Resident as used herein shall include the singular as well as the plural. Subject to the terms and
conditions below, Owner rents to Resident, and Resident rents from Owner, for residential purposes only, the premises known as:
_________________________________________________________________________ Unit # __________________(if applicable)
in the City of...
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People also ask
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What does a credit report tell a landlord about a prospective tenant?
Public Records: A credit report may shine light on any evictions, bankruptcies, tax liens or judgments against the prospective tenant, which could be indicators that they may not the right applicant for your rental property. -
How do you analyze a potential tenant?
One of the ways to analyze a tenant's credit worthiness is to use a framework called the five “Cs” of credit. The five Cs are: Character, Capacity, Capital, Conditions, and Collateral. Character refers to a tenant's reputation and track record of on time rent payments. -
What is a good credit score for a potential tenant?
Most individuals or companies renting an apartment want credit scores from applicants to be 620 or higher. People with credit scores lower than 620 may indicate a high risk of default on rent owed. -
What is a screening authorization?
This document states officially that the potential tenant gives their permission for the landlord to check their financial, employment and criminal history to determine if they would be a good fit or a viable fit for the property. -
What credit bureau do most landlords use?
Most landlords use FICO credit scores to determine if an applicant qualifies for an apartment. The typical categories for those scores are: Exceptional: 800 to 850. -
How do you read a credit screening report?
What Do the Different Credit Scores Mean? 800 to 850: Excellent. This is the absolute best credit score. ... 700 to 799: Very Good. ... 650 to 699: Good. ... 600 to 649: Fair. ... Below 600: Poor. ... Overview of the Report. ... Credit Usage. ... Previous Rental Payments History. -
How do you read a potential tenant's credit report?
What Do the Different Credit Scores Mean? 800 to 850: Excellent. This is the absolute best credit score. ... 700 to 799: Very Good. You've also found a potentially great tenant if an applicant has a credit score between 700 and 799. ... 650 to 699: Good. ... 600 to 649: Fair. -
What credit score does SmartMove use?
The Resident Score is the key indicator in the SmartMove report, and it is determined using the same information that is used to generate a credit score, but they use their formula to give a number between 350 -850.
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