![]() If the numbers or information don’t match up, the request may be rejected. When a call is made by the landlord or his or her representative to the credit bureau, the operator asks for the specific information that identifies the account holder and name of the individual calling. Landlords can be asked to show proof of adequate security, such as locked filing cabinets to protect rental information. An annual physical inspection of business premises also may be required. Rental corporations must also pay a fee for an on-site inspection for the properties they wish to obtain credit reports for.Īnother credit provider requires that individual landlords provide completed and properly signed rental applications for each property. Management companies and rental corporations are required to provide information that includes proof of formal contract with the individual authorized to use the credit information. ![]() One credit report provider requires individual property owners to provide solid proof of ownership, such as a copy of the county assessor’s tax bill or grant deed. Requirements also vary by type of property management business. Rules vary by the company that provides the credit report. The apartment association acts as a liaison between its members and credit report providers, such as Experian and TransUnion. Landlords have to belong to some sort of apartment owner’s association to obtain credit report information. Members signing service agreements also had to provide a legible photocopy of their driver’s license and until they did so, credit reports were not processed. Members, including landlords and management companies, had to submit newly required documents to the association, including a service agreement that they would abide by the FTC rules. of California, one of the largest such groups in the country, implemented new procedures to comply with the FTC law and protect prospective tenants. As a result, parties calling for that credit report are held in closer scrutiny than ever before. On the plus side, new laws have turned the tables on those obtaining information, requiring them to provide their own professional and personal data before dashing off and running credit reports on others. ![]() A rental application is a legitimate business purpose, and landlords are allowed under the law to request a credit report.ĭo you have to provide your Social Security number on the rental application? No, but to run the credit request, the applicant’s full name, current address and Social Security number have to be provided to ensure the validity of the report. ![]()
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