Re: Running Annual Credit Check - Landlord Forum thread 358219

Re: Running Annual Credit Check by lpadave on July 21, 2018 @19:32

running interim credit reports should be done with the utmost caution and need to know,...and well documented in your files as to why you did another inquiry.

my initial credit release authorization for applicants is a ''good till revoked / cancelled in writing''

my leases also state on signature page that LL is authorized to verify and update credit as necessary during the ongoing conduct of business with tenant.

that being said,....I don't re-run credit on a scheduled basis or arbitrairly, unless I see the existing tenant going seriously bad. Frankly,....if I'm getting my money in full, on time and my tenant isn't a PITA,....I'm a happy guy and couldn't care about the rest of the tenant's life.

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