Whenever you go to a bank for a loan or a credit card, you will be asked about your credit score. Why">Get the landowner plan at a reasonable price and get genuine tenants, rental agreement services from NoBroker.
Do landlords do credit checks in India?
Yes, as a matter of fact, landlords can check a tenant’s credit score. To check the credit score a landlord needs important information such as:
The prospective tenant’s name
Date of Birth
Full residential address
Social Security Number
Present landlord
Present employer
A landlord should also obtain permission from the tenant, to rent a credit check. At times, the landlord charges a credit check fee to get a credit report. This is generally done by hiring an agency that checks the credit report of a tenant. Or, a tenant can himself/herself submit a report of the credit score to be on the safe side.
Landlord tenant credit check is important because a tenant may fail to pay the rental fee to the landlord at any time. And it is very hard to remove a tenant from a rented property. So, for safety, it's better to run a credit score check before letting anyone rent a property. If the credit score is bad then it's better to find another tenant.
I hope you know ‘do landlords check credit score’ now.
Read more:
How to fill a tenant verification form?
What documents are required for rental agreement?
What happens when there is no rental agreement?
Where to get rental agreement in Hyderabad?
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Do landlords check credit score?
Arun
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3 Year
2022-08-30T09:54:36+00:00 2022-08-30T09:54:38+00:00Comment
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