RENTAL APPROVAL?

The Fair Credit Reporting Act requires landlords to send written notice to a rental applicant not only if s/he is denied tenancy, but also when the tenant is conditionally approved.  An “adverse action notice” must be sent if any of the following occurs:

  • An application is rejected

  • An increased deposit is required

  • Last month’s rent is required when normally not required

  • A co-signer is required

The notice must include specific information regarding the applicant’s rights, which credit bureau was used and how the applicant can dispute the results.

We are here to help you and your clients with all aspects of the rental market. Please contact us for further assistance!

There are no warranties, express or implied, including fitness for a particular purpose, made with respect to this communication. Nothing found herein should be construed as an attempt to offer or render a legal opinion or otherwise engage in the practice of law. You should obtain the advice of an attorney well versed in these matters.

About Coldwell Banker Bain Property Management

As residential property managers for Coldwell Banker Bain Property Management Division, we manage single family residences, individual condominium units and small apartment complexes in the greater Puget Sound region. We serve Seattle, Tacoma, Anacortes, Marysville, Bainbridge Island, Lynnwood, Everett, Redmond, Bellevue and many other cities in Washington State. We also offer full service commercial property management services.
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