ATS offers Prince Edward Island Landlords, Realtors and Property Managers reports necessary to help with their tenant verification and tenant screening solutions online. A Prince Edward Island tenant credit report is a necessary part of determining if your prospective tenant has a good rental history and will be a rent worthy tenant for you in the province of Prince Edward Island.
Prince Edward Island Landlords, Realtors and Property Managers can obtain a variety of services that include deterrent and incentive forms which will help you through the Prince Edward Island tenant verification and tenant screening process. As well as obtaining Prince Edward Island tenant credit reports on a prospective tenant, we also offer our members a free Sign Up, Landlord Guide e-Book, and Tenant Guide e-Book.
Before you conduct Prince Edward Island tenant screening to help prevent Prince Edward Island landlord fraud, it is a good idea to first determine what criteria you would like your prospective tenant to meet. Determine first what would constitute a good rental history in the province of Prince Edward Island and what qualifications you would like your prospective tenant to meet, this way you will not be discriminating against any applicants as you will be using the same criterion for each one.
ATS recommends that all Prince Edward Island Landlords, Realtors and Property Managers perform due diligence in addition to landlord reports you obtain while conducting your Prince Edward Island tenant verification and Prince Edward Island tenant screening. Contact current & previous landlords with regards to rental history and inquire as to what type of tenant they were. i.e: Were they compliant with all rules and regulations of the lease agreement? Noisy? Did they pay rent on time? It is also recommended that you contact their current employer to determine if they have stable employment and determine how long they have been stably employed. Request a bank statement to determine if a paycheck is deposited into a bank account. This shows responsibility and is more in keeping with a responsible Individual who pays bills, loans and rent.
Prince Edward Island tenant verification and tenant screening minimize the risk of renting to tenants that are not an asset to the community. Good tenants want to live with other good tenants in safe harmonious surroundings that afford them a good lifestyle.
Both Landlords and Tenants have a responsibility to each other and where respect is shown, tenancy and the landlord business is much more satisfying and rewarding for both parties involved. The relationship between a Prince Edward Island landlord and tenant should be a healthy one so that both can enjoy the benefits. In many instances this is not the case. To help make the relationship easier it is a good idea for both tenant and landlords to know their rights and responsibilities. To help educate yourself whether you are a landlord or the tenant, please visit tenants info.
It is our mission to provide you with an excellent Prince Edward Island tenant verification and tenant screening service that will help prevent criminal fraud. ATS will work hard to provide you with an efficient and effective tenant screening service that will compliment your landlord business.
A consumer credit report or tenant credit report is a valuable fraud prevention tool that should be used as part of the Prince Edward Island tenant screening process when performing a renter check. The Prince Edward Island tenant credit report is obtained from either Trans Union Credit Bureau or Equifax Credit Bureau which are nationwide agencies that provide consumer credit data.
The Prince Edward Island tenant credit report is an effective renter check tool that can help you to identify your prospective tenant by verifying their name and date of birth. The Prince Edward Island tenant credit report also validates the Social Insurance Number which can also help to identify your prospective tenant. In most instances, the Prince Edward Island tenant credit report will list current and previous addresses and it will also tell you if the prospective tenant has any bankruptcies, liens, collections or civil judgments. A credit score is also provided by Equifax and/or Trans Union on the Prince Edward Island tenant credit report. This is a risk assessment based on the credit history found in the tenant credit report. A recommended score for the residential rental industry is 600 or higher. This is indicative of a prospective tenant with a good credit history. Scores that fall below 600 usually indicate that there is a risk associated with this prospective tenant such as a late payment history or payment problems.
ATS recommends that you obtain a tenant credit report on any prospective tenant that may be signing the lease or rental agreement. The Prince Edward Island tenant credit report can save you time and money and will help to determine credit worthiness.
A Credit Decision Report is a valuable fraud prevention tool that should be used as part of the Prince Edward Island tenant screening process when performing a renter check or landlord rental check. The Prince Edward Island Credit Decision Report is based on information obtained from Equifax Credit Bureau which is a nationwide agency that provides consumer credit data.
The Prince Edward Island Credit Decision Report which is also known as a landlord credit report is an effective renter check tool that can help you to identify your prospective tenant by verifying their name and date of birth. The landlord credit report validates the Social Insurance Number which can also help to identify your prospective tenant. In most instances, the landlord credit report will list current and previous addresses and it will also tell you if the prospective tenant has any bankruptcies, liens, collections or civil judgments. A letter grade from A+ to F along with a recommendation and advice on the delinquency rate for the grade is also provided by ATS on the landlord credit report. This is a risk assessment based on consumer credit data for your prospective tenant. A recommended grade for the residential rental industry is C+ or higher. This is indicative of a prospective tenant with a good credit history. Scores that fall below a C+ usually indicate that there is a risk associated with this prospective tenant such as a late payment history or payment problems.
ATS recommends that you obtain a landlord credit report on any prospective tenant that may be signing the lease or rental agreement. The Prince Edward Island landlord credit report can save you time and money and will help to determine credit worthiness.
Why does ATS have a Credit Decision Report and why can't I get a full report?
In January 2007 the rules changed. All major credit bureaus now require resellers like ATS to conduct a physical site inspection of each end user's office (yours), whether home based or a commercial office.
This Regulation was deemed necessary as a result of identity theft and the misuse of tenant credit checks obtained from the bureaus by both resellers & end users. ATS is site inspected annually to ensure strict compliance. This has drastically reduced identity theft, and with your cooperation and your diligence we can ensure that this does not happen within our membership. ATS servers have Site Secure Certification.
Tenant credit checks must always be protected from the possibility of misuse.
A commercial credit report is report on a business, not an individual. The commercial credit report is obtained from Equifax Credit Bureau. The report includes a score, credit summary, trade payment information and trade payment totals. Other information includes inquiries, company background information, legal filings and collections.
If no match is found and no file is produced on the business you are searching, a full refund will be given.
Applicant/Address Verification
An applicant/address verification verifies any names and alias, current and previous addresses, Social Insurance Number and date of birth for your prospective tenant. This information is provided as part of the tenant credit report when doing a landlord rental check.
The applicant/address verification can also be helpful when trying to locate a previous tenant that has left you with unpaid rent or damaged property. When utilized for this reason, this search can be ordered on its own (not part of the tenant credit report) and does not require written authorization.
