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applications and rental agreement storage
by Paige (PA)
on April 19, 2016 @09:22
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I live in just outside Pittsburgh PA. I have 2 questions.
1. In Pennsylvania is there a required time for keeping rental agreements after a tenant moves out?
2. In regards to the rejected rental applications is there a required time to keep them in case of a problem.
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Re: applications and rental agreement storage
by MrDan (GA)
on April 19, 2016 @23:20
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You should keep them until your State statute of limitation regarding disputes arising out of a contract such as a lease expires. This could be 2 to 6 years or more. This may seem a bit long and troublesome, but if you are sued and do not have your records, anything can and will happen in court. Some people intentionally wait until the Statute of Limitations is almost up, as they know that most people will not have kept the records for this length of time.
Be sure to follow the FCR on how to properly dispose of applications and credit reports.
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