I can see why tenants don`t really like to provide statements, because it`s a personal thing. But I would like to know if you think it is acceptable to ask for them? A Social Security Statement is a social security administration document that uses the tenant`s merit history to determine the amount of benefits they will receive in the future. You can go online to mySocial Security to acquire your Social Security return. Please read the full terms and conditions, the privacy policy, the Q-A cookies, how this site is funded and the editorial code. I would have liked to make bank statements before I took references. I recently spent £60.00 on references, just to make them fail. It`s not good. Now tenants don`t have to pay for the tom Dick reference and Harry can ask to rent your property without worrying about the costs for themselves. If you look before you refer to candidates` statements, you can save money in many ways.
It may be helpful to remind applicants that seeing bank statements before formal referencing can save them time and money if you keep in mind that there may be an accessibility issue. If you take this path… Choose your words carefully. You might as well have no doubt that, although a referral agency “advises,” it is the owner who makes the decision to accept or refuse. Often the owners don`t see it that way. Big mistake, potentially. You may feel like you are lifting the lid on your entire financial history when you apply to rent an apartment. And it is true that most landlords require tenants to prove their registration information before renting it.
The rental application you completed gives the owner all the information you need to verify your creditworthiness, employment history and personal background. Armed with this information, the landlord makes decisions about your suitability to be a tenant. In California, one of the information the owner can request is your bank balance. However, you can refuse to pass on confidential information. Bank statements are often required as an alternative to proof of identity and address. On request, I make them available myself, but edited with ventilated entries. Asking applicants to provide all their personal financial information is inappropriate and unfair, as there is no effective control over what happens to that information. While the owner has the right to claim your bank balance, you have the same right of refusal. For a tenant, it is a difficult decision – on the one hand, they may be uncomfortable providing confidential information; On the other hand, refusing to provide your bank details can compromise your rental application.