The standards for tenant screening are generally aimed at ensuring landlords select reliable, creditworthy tenants who can pay rent on time, minimizing potential risks. Common tenant screening standards include:
Credit History: A key indicator of the applicant's ability to pay rent.
Proof of Income: Ensuring the tenant can afford the rent, usually requiring that rent does not exceed 30-40% of income.
Rental History: Reviewing past rental experiences and payment behavior.
Background Check: Verifying the tenant's identity and past behavior.
Guarantor: Required if the applicant’s credit or income is insufficient.
Pet Policy: Agreements and deposits for tenants with pets.
Overall, the goal is to ensure landlords select qualified, reliable tenants for a positive rental experience and property preservation.