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Re: how long do you keep past tenant's leases, etc? - Landlord Forum thread 354945







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Re: how long do you keep past tenant's leases, etc? by Stephen (Washington (WA)) on November 6, 2017 @14:02

                              
I have seen NO state requirement for my state setting a time limit for keeping such files. If anyone knows and can cite the RCW for Washington State I would appreciate it.

What I use is: 3 years on denied applicants; 3 years on tenant's file (after they leave); then I save pertinent info on a summary form and hold that for another 4 years.
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Re: how long do you keep past tenant's leases, etc? by Anonymous on November 6, 2017 @15:24 [ Reply ]
The landlord must follow the “Disposal Rule” of the Fair and Accurate Credit Transactions Act of 2003, known as the FACT Act, 69 Fed. Reg. 68690. Time limits are set by your States statue of limitations for contracts. A landlord should keep all consumer file past the statue of limitations just in case a tenant files at the last moment.
    Re: how long do you keep past tenant's leases, etc? by Stephen (Washington (WA)) on November 7, 2017 @01:59 [ Reply ]
    Regarding the Disposal Rule of FACT Act, I assume you are referring to documents relating to when I run an applicants credit report. As I have a third party run the report and I do not receive the details, I assume that this does not apply to me. Or do you mean that there is something inherent in being a landlord that causes the FACT Act to apply?
      Re: how long do you keep past tenant's leases, etc? by Anonymous on November 7, 2017 @02:54 [ Reply ]
      The FACT act Disposal Rule covers all landlords, no exceptions. It covers leases, applications, credit reports, adverse letters, etc.

      You can find your States statue of limitations at;

      Chapter 4.16 RCW LIMITATION OF ACTIONS


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