Property Managers

Tenant Credit Report

If you are a property manager with more than 10 properties, then chances are you will want to use TransUnion Credit Bureau for the tenant credit report.

• If you run your business from a home office, then an annual site inspection required which is an annual cost of $60.00 and your home office needs to meet certain criteria e.g.
  - separate room/office in residence with locking door
  - locking file cabinet for tenant files
  - shredder
  - password protected computer
  
• If you run your business from a commercial location, then a one-time-only site inspection required.
• You order credit reports and pay for them (tip: many property managers opt for the other option because Tenant pays).
• This is ideally the Large business option.
• Some paperwork needed, as follows:
  

  1. Clear copy of your valid Driver's License or Passport
  2. Letter of Intent on your company letterhead dated and signed
  3. Phone bill addressed to your business name at the business address
  4. Copy of a valid Business License (if applicable)
  5. Articles of Incorporation for incorporated companies

  If your business is less than a year old, then you must also provide 2 of the following:

  1. Copy of a utility bill in the business name at the business address
  2. Copy of lease or proof of property ownership by the business at the business address
  3. Copy of business bank statement addressed to the applicant at the business address
  4. Proof of commercial insurance for the business