Does a landlord usually check banking account information?
Posted on August 4th, 2009 by admin
Banking
A realtor asked for my banking account information on a rental application for an apartment. Will they likely call the bank, and if so, what information are they looking for? How much i’ve got in the bank? THANKS
A realtor asked for my banking account information on a rental application for an apartment. Will they likely call the bank, and if so, what information are they looking for? How much i’ve got in the bank? THANKS
Filed under: Renting & Real Estate
Small Business Web Hosting
I do . . . but this is generally not customary . . . I allow tenants who have less than stellar credit to supply banking info instead of credit history. Generally, I want to make sure that they have the down payment (first & last & deposit) and have sufficient monthly deposits to cover the rent. If you are concerned, call the broker (the person who owns the real estate office generally speaking) and ask if this is customary. Most states have agent/broker info. online.
MateMediaSoft
If the property is a tax credit property (section 42) then yes they will ask for your banking information. With Section 42 they have to verify any and all income. This would include any interest you receive on any of your bank accounts.