Tenant screening, it is processed which is used by residential landlords and property managers to evaluate the prospective tenants. The purpose of tenant screening is to assess the likelihood tenant with full fill the terms of the lease or agreement, and also it will take care of the rental property in their question. The process is ending with the decision of landlord approval or disagrees. With the approval renter may deposit some amount or renter may deny due to not submitting the amount.
Tenant screening process
The tenant screening process begins with the completion of the rental application, paying fees of application fees and holding a deposit. Rental application is used by landlords/homeowners to renters who visited or viewed their rental property or who interested in their homes for rent. Rental application is designed to collect the personal information of renters, which usually consist name, social security number, date of birth, address, employment, criminal record, eviction history, etc. Rental application requires an applicant signature as self-attested, which verify that all information are filled by applicant are true and verified and agree to follow the certain terms & conditions. A valid government issued identification with photograph is required in this process which is used for identifying the theft of red flags rules by the Federal Trade Commission’s (FTC’s).
Tenant screening reports
To complete the process of tenant screening report, it strictly one or more elements which are following:
A credit report comes with the information of all credits such as current loan payments & past status.
In eviction records, records of eviction, which is used by landlords in case of when renters/tenants failed to comply, pay, vacate within the specified time for their homes for rent.
A criminal record, relates to that person who involve in any criminal activity or against the law. It involves all records like pending cases, current case, charges, arrest, etc.
Sex offender registry search
It is a system which is used by various countries to keep track of the residence and activities of sex offenders, also included who have a criminal record.
Specially Designated Nationals (SDNs) search
SDN’s deals with individuals, groups, and entities, such as terrorists and narcotics traffickers designated under programs that are not country-specific. Collectively, such individuals and companies are called "Specially Designated Nationals" or "SDNs." Their assets are blocked and U.S. persons are generally prohibited from dealing with them.
Every time when a renter visits to landlord to final the deal of home rentals, landlord may ask for to provide references and documents that show you are responsible enough to pay rent.
It is the process of verifying the employment, eligibility and past history of work of the applicant.
RecommendationIts depend on the landlord, whether they accept the renter with the recommendation letter of the landlord.