Multiple rental/credit applications. : ezLandlordForms

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Kerri H

started a topic over 14 years ago

I have gotten multiple rental/credit applications. I charge a $30 application fee. Do I just run the credit checks on the applicants I choose to and refund $30 to other applicants? Or, do I run a credit check on all applicants and then choose a renter. I don't want to get sued!

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Marquita C

said over 14 years ago

I've received multiple rental/credit applications. I charge a $ 30.00 application fee. do I just run the credit checks on the applicants I choos to and refund the $ 30.00 to the other applicats or do I run a credits check on all the applicates and then choose a renter? Should I notify the other applicates that someone else has been selected. Do I have to provide them with a reason?

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Betty M

said over 11 years ago

I have the same question. They must not know the answer if this has not been answered since 2009

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Dawn A

said over 11 years ago

Run the credit check on the most qualified applicant and if everything is okay, then take that applicant and refund the other applicant's fees.

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Bob R

said over 11 years ago

1st, create a list of items (income, debt, etc) that you require before accepting an individual as a tenant. Write the date/time you received the application. Review each application by date/time to see if they meet your qualification. If an applicant is acceptable, run a credit check. If applicant fails, inform them why they were not accepted and if they ask, give them a copy of their credit check. If applicant passes, collect a deposit “immediately” to make sure they don’t change their mind and you loose a months’ rent. If no deposit is received in a couple of days, deny their application for no deposit and continue reviewing the other applications. After receiving the deposit, return the remaining $$$ collected for credit checks. Make sure your application or some type of form states what happens if a deposit is not received in X # of days and that they sign/date if a form is used. -----Disclaimer: Since I’ve been answering a lot of questions, I thought I would make the following statement. I’m not affiliated with EZlandlord Forms. I’m just here (not sure how long) to help those that have questions. Having 40+ yrs with Rental Property and done well, it’s my way of “Pay it Forward (check out the movie).” However, it is up to you to become familiar with your State/Local laws. I always like to know if the suggestions I offer are helpful. Feel free to comment anytime. Thanks in Advance

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Betty M

said over 11 years ago

Dawn, how would I know if the applicant was qualified until I run the credig/background check?

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Betty M

said over 11 years ago

I had 12 people all wanting to fill out applications. I should be receiving them today and tomorrow. I would like to use the credit/background check as part of the decision factor. Can I run a check on all 12 and then pick one? Or do I have to take them one at a time? I kept a list of when people contacted me about their interest in the property. If I have to go in order one by one can I use that list or does it have to be when I actually receive the application.?