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Most of the landlords have their biggest worries of getting bad tenants in their rental properties------just like getting a bad investment that may be resulted from non-rent payment, conflict and legal dispute. Hence, it is very essential to distinguish good tenant from the bad one, and this can be achieved by conducting a thorough tenant screening on a prospective tenant.
The following are some of the items that can be requested from a prospective tenant in tenant screening:
1. Credit Check i.e. Equifax. It is recommended that credit check should be done by the landlord, and a prospective tenant's official legal name is required. This can eliminate certain risk when modification can be made through today's technology if handed by a prospective tenant.
2. Employment letter/ history. Recent 3 to 4 months pay stubs can be asked from a prospective tenant to ensure stable income and his/her ability to pay rent. Landlord can double-check whether a prospective tenant is currently hired by whoever he/she claims as an employer. I highly recommend to have it done in a proper way, which is to look up the company's phone number in the business directory or through search engine, and make a call and asked for transfer to HR department.
3. Previous record(s) in Landlord & Tenant Board. This information is helpful to determine whether there was any landlord-and-tenant disputes so as to distinguish a bad tenant.
4. Previous landlord's references (2-3 references recommended). It is suggested to check with the previous landlord's references, other than current landlord, because they tend to be more objective in giving out a prospective tenant character, past rent payments and other useful information.
Due to the privacy issue, the above-mentioned items can not be done until a consent signed by a prospective tenant in conducting these screenings. A "Rental Application" can be downloaded from the Ontario Real Estate Association and signed by a prospective tenant in order to conduct the tenant screening.
5. Driver license. It is used to obtain the legal name of a prospective tenant and verify his identity. The information can be double-checked with the Ministry of Transportation. This piece of ID can be used to locate the tenant if moving out of the rental unit with outstanding rent payments in the future.
6. Bank Account(s). This can be used to collect payment in the Small Claims judgement. The reason is that Small Claims Court allows the landlord to garnish the tenant's bank account(s), if the tenant moved out or evicted from the unit with owing rent payments.
7. An interview. This can provide the landlord a general idea whether he/she can get along and communicate with a prospective tenant, and a prospective tenant's character.
Disclaimer: This information is not intended to be construed as a legal advice, but strictly for information only in this entire website. Please contact Trustworthy Legal Service for your independent legal advice in your particular situation. The first consultation is also required prior to my retainer of your case.
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Like or/and share this post if you find it useful!
Most of the landlords have their biggest worries of getting bad tenants in their rental properties------just like getting a bad investment that may be resulted from non-rent payment, conflict and legal dispute. Hence, it is very essential to distinguish good tenant from the bad one, and this can be achieved by conducting a thorough tenant screening on a prospective tenant.
The following are some of the items that can be requested from a prospective tenant in tenant screening:
1. Credit Check i.e. Equifax. It is recommended that credit check should be done by the landlord, and a prospective tenant's official legal name is required. This can eliminate certain risk when modification can be made through today's technology if handed by a prospective tenant.
2. Employment letter/ history. Recent 3 to 4 months pay stubs can be asked from a prospective tenant to ensure stable income and his/her ability to pay rent. Landlord can double-check whether a prospective tenant is currently hired by whoever he/she claims as an employer. I highly recommend to have it done in a proper way, which is to look up the company's phone number in the business directory or through search engine, and make a call and asked for transfer to HR department.
3. Previous record(s) in Landlord & Tenant Board. This information is helpful to determine whether there was any landlord-and-tenant disputes so as to distinguish a bad tenant.
4. Previous landlord's references (2-3 references recommended). It is suggested to check with the previous landlord's references, other than current landlord, because they tend to be more objective in giving out a prospective tenant character, past rent payments and other useful information.
Due to the privacy issue, the above-mentioned items can not be done until a consent signed by a prospective tenant in conducting these screenings. A "Rental Application" can be downloaded from the Ontario Real Estate Association and signed by a prospective tenant in order to conduct the tenant screening.
5. Driver license. It is used to obtain the legal name of a prospective tenant and verify his identity. The information can be double-checked with the Ministry of Transportation. This piece of ID can be used to locate the tenant if moving out of the rental unit with outstanding rent payments in the future.
6. Bank Account(s). This can be used to collect payment in the Small Claims judgement. The reason is that Small Claims Court allows the landlord to garnish the tenant's bank account(s), if the tenant moved out or evicted from the unit with owing rent payments.
7. An interview. This can provide the landlord a general idea whether he/she can get along and communicate with a prospective tenant, and a prospective tenant's character.
Disclaimer: This information is not intended to be construed as a legal advice, but strictly for information only in this entire website. Please contact Trustworthy Legal Service for your independent legal advice in your particular situation. The first consultation is also required prior to my retainer of your case.
Follow on Facebook, Twitter, Google+ and Linkedin!
Like or/and share this post if you find it useful!
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