There is a whole process of due diligence that is followed, which includes : getting the tenant to fill out a rental application form, cross-checking on tenant’s credit history, verifying job or referrals of the prospective tenant. For newcomers or new immigrants, who have no job or credit history in Canada, the tenants are courteously asked to show a proof of available funds that will give landlords the confidence about receiving rent regularly. Newcomers are also asked to bring a reference letter from the previous bank from the last country of their residence. In some cases, tenants may also be required to provide a guarantor in Canada with a good job and credit history.
How do you pre-qualify tenants?
Amit Kalia2015-02-27T21:23:06-04:00February 27th, 2015|
About the Author: Amit Kalia
Amit is a full time local REALTOR® with RE/MAX Real Estate Brokerage Inc. in Mississauga. RE/MAX is Canada's #1 real estate company. Team Kalia serves property sellers, first time buyers, investors, landlords, new immigrants and non-residents in Mississauga including Square One City Centre area. Team Kalia offers a 30 Days Sold Guarantee to Sellers. They also provide tenant finding services to their investor clients.