Landlord Question and Answer Forum

I own a two family apt building and I am looking to do credit checks on potential renters is it leagal in the state of NH and if so how do i go about doing so?

1st, create a list of items (income, debt, etc) that you require before accepting an individual as a tenant. Write the date/time you received the application. Review each application by date/time to see if they meet your qualification. If an applicant is acceptable, run a credit check. If applicant fails, inform them why they were not accepted and if they ask, give them a copy of their credit check. If applicant passes, collect a deposit “immediately” to make sure they don’t change their mind and you loose a months’ rent. If no deposit is received in a couple of days, deny their application for no deposit and continue reviewing the other applications. After receiving the deposit, return the remaining $$$ collected for credit checks. Make sure your application or some type of form states what happens if a deposit is not received in X # of days and that they sign/date if a form is used. -----Disclaimer: Since I’ve been answering a lot of questions, I thought I would make the following statement. I’m not affiliated with EZlandlord Forms. I’m just here (not sure how long) to help those that have questions. Having 40+ yrs with Rental Property and done well, it’s my way of “Pay it Forward (check out the movie).” However, it is up to you to become familiar with your State/Local laws. I always like to know if the suggestions I offer are helpful. Feel free to comment anytime. Thanks in Advance

Posted by Bob R, CA on Tuesday, September 11, 2012