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Landlords: How Can I Check My Tenants Credit?

April 15th, 2014 · No Comments · Tenant Credit Check

 Landlord Tenant Credit Check

Choosing the Right Tenants Is The Key For Successful Landlords

The story about serious tenants making life hell for B.C. landlords is must-see viewing for landlords all over the country.

Surprisingly, the news comes from an investigation from CBC News.

Usually the left-leaning CBC reports only on tenant problems. This time they should be praised for reporting on a situation that shows tenants are often the ones who cause problems for small landlords.

It even has British Columbia landlords demanding the government create a ‘bad tenant registry.’

What About Doing Conducting A Credit Check on The Tenant?

While the CBC report has Canada landlords wanting to create bad tenant lists all over the nation perhaps there is a better way.

The Landlord forum has an excellent question form a new condo investor who is now becoming a Toronto landlord.

She explains she is a new landlord and wants to do whatever she can to thorough screen and eventually rent to great tenants.

Smart Landlord

This condo investor is on her way to finding good tenants.

Even Alberta Landlords are now praising TVS for helping them with tenant credit checks. Never before have they had such a great service at such a terrific price.

We had an Edmonton landlord who emailed the following comment:

“I am extremely happy with the TVS landlord tenant credit check system. The reports are excellent and the client service team was very helpful to get me started.”

Are Landlords Allowed To Check Tenants Credit?

Yes.

According to the Ontario Human Rights Commission a landlord can inform their tenant they want to conduct a credit check.

The landlord needs permission from the tenant to do a credit check or a police check.

It’s important to remember that not having a credit rating is not equal to having bad credit.

Many newcomers to Canada will not have a Canadian credit score (as it takes a few years to build up).

Landlords all over Canada are now protecting themselves from serial non-paying tenants with credit checks.

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