qualifying tenants: The Tenant Section Process
- 11/08/20 08:39 AM
The Equal Credit Opportunity Act prohibits discrimination in the lending process and applies for all lease applications. Property Managers need to know and implement the Act into all of their tenant selection activities. Property Managers need to conduct themselves in a consistent and systematic manner . The Property Manager should use the same Lease Application for every applicant. Additionally if the Property Manager requires a Credit Report from one applicant, they must require them for all applicants . The same can be said about Criminal Background Checks . A Property Manager will use the following when evaluating potential tenants : 1. Credit References & Credit Report 2.
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