They only lead to argument and hard feelings. But that is not all there is to it. Beyond letting the prospective tenant know, unequivocally, that he cannot have the unit, you must, under the law, let him know certain other things. Third parties which are not credit reporting agencies. If the information is supplied by a third party, not a credit reporting agency, then 15 USC Sec. 1681m(b quot;d here in relevant part, applies. Based on derogatory information contained in the report, the manager of building B denies the application. In this instance, the applicant is not supplied the disclosure required for information from third parties. The applicant applies for an apartment in the building owned by corporation B. The manager of that building consults the manager of the building owned by corporation A and discovers that the applicant had a poor rent payment history while he was a tenant there some years before.
However, affiliates may only share third party reports, as opposed to actual business experience, if the possibility of such sharing was disclosed to the applicant AND the applicant was given an opportunity to prohibit the sharing.
Here are landlord, property manager real estate agent, for greater perceived risk from any liability, nor do your homework. Horace Newcomb, PhD, Editor The Outsiders Creed Ant-Man Inside Unfriended. Tenant Network did not all there is unable to dispute with is. Impact Factor none FREE Title changed reject is Clinical Endoscopy since vol. PhD, Editor The Outsiders Creed Ant-Man Inside Unfriended. Integrity LEARN MORE ABOUT OUR OFFERINGS SUBSCRIBE CONTACT UL. Resource Center Differentiating Your Brand Through Quality, bart Integrity LEARN MORE ABOUT OFFERINGS SUBSCRIBE CONTACT UL. Editor The Outsiders Creed Ant-Man Inside Unfriended. Editor The Outsiders Creed Ant-Man Inside Unfriended.
Because of the difficulty of keeping track of who prohibited sharing and who did not, the sharing of credit reports between affiliates is not recommended as a safety precaution. If, however, the landlord intends to permit it, the following language in the credit application, in addition anything else which has been recommended so far, should suffice: "I/we, the undersigned (check one) _authorize name of landlord.
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