NYC Mayor Bloomberg Signs Tenant Screening Agency Disclosure

By
Real Estate Agent with Halstead Property, LLC

Recently, New York City Mayor Michael Bloomberg signed legislation requiring realtors and landlords to disclose contact information for tenant screening agency that will screen rental applicants.

Introductory Number 5-A sponsored by NYC Council members requires landlords, realtors, and others who rent residential properties to disclose the contact information of the tenant screening agency that they use to investigate potential tenants. Realtors and landlords often use tenant screening agencies to determine if a potential tenant has appeared frequently before housing court, but their determinations are not transparent; reports do not provide context on why the tenant appeared in court, and few tenants even know that such a report has been compiled.

"Introductory Number 5-A sheds light on this process. It requires that all rental applications contain contact information for the tenant screening agency that the landlord will use, as well as a disclosure of the rights afforded to potential tenants under State and Federal law. This information will also have to be posted in the offices of realtors and others who accept rental applications. This legislation will encourage tenants to exercise their rights to inspect their reports and ensure that the information contained therein is accurate.

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Rainmaker
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Team Honeycutt
Allen Tate - Concord, NC

Thanks for sharing the information in your blog.  It is interesting and informative.

Mar 07, 2010 02:15 AM #1
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Jeana Cowie
RE/MAX Real Estate Limited - Paramus, NJ
Broker Associate, ABR, CRS, GRI, SRES

ross,

This sounds like a good idea. The more info we can get on a prospective tenant,the better.

Mar 07, 2010 02:30 AM #2
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Ross Ellis
Halstead Property, LLC - Manhattan, NY

Thanks to all for your responses. Appreciate the comments. Have a great and prosperous week!

- Ross

Mar 08, 2010 06:41 AM #3
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Ross Ellis

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