Using a credit check the landlord is able to obtain information about the potential tenant's credit payment background. All bill payments made by him and credit accounts opened by him, can be disclosed with a landlord credit check. Thus it is vital for a landlord to carry out a landlord credit check on the tenant he desires to rent out to.

What details can be obtained with a Landlord Credit Check

A landlord credit check should ideally obtain for you these four kinds of information: identification of the tenant, information about his credit, public record information, and other investigations.

Identification information of the tenant includes:

   Tenant's name

   Tenant's current and preceding addresses

   Tenant's Social Security number

   Tenant's birth year

   Tenant's current and preceding employers

   If the tenant is married, then his/her spouse's name

Information about credit includes credit accounts or loans in the name of the tenant:

   Banks

   Retailers

   Credit card issuers

   Other lenders

Public record information comprises of any information that's enclosed in state and county court reports:

Bankruptcies

Tax liens

Monetary judgments

As a landlord you will have formulated your own way of examining a prospective tenant. However, the main condition of letting out is to establish the tenant's ability to pay. Before you let out your property, you would want to be sure that you get paid rent on time. Thus, it is important that you perform a landlord credit check. On the basis of a landlord credit check, you will be able to make your choice whether to rent out to the prospective tenant or not.