How accurate is my rental history report?
Your rental history report is a key factor that landlords and property managers consider when evaluating your application. It provides them with insight into your past renting behavior, including your payment history, lease terms, and any issues or disputes that may have arisen. But just how accurate is your rental history report?
The accuracy of your rental history report largely depends on the source from which it is obtained. There are several companies that specialize in compiling rental history information, such as Experian and TransUnion. These companies gather data from various sources, including landlords, property management companies, and court records, to create a comprehensive report.
**The accuracy of your rental history report can vary.** While these companies strive to provide reliable and up-to-date information, there is always a possibility of error or missing information. Landlords and property managers understand this and often take other factors into consideration when evaluating your application, such as income verification, employment history, and references.
Here are answers to some commonly asked questions related to rental history reports:
1. How can I obtain a copy of my rental history report?
You can request a copy of your rental history report from companies that specialize in this service, such as Experian or TransUnion. Some websites also offer free rental history reports, although these may not be as comprehensive.
2. What information is included in a rental history report?
A rental history report typically includes your previous addresses, landlord contact information, lease terms, payment history, and any reported issues or disputes.
3. How long does information stay on a rental history report?
Typically, negative information such as evictions or late payments can stay on your rental history report for up to seven years. Positive information, such as timely rent payments, can also be included in your report and may help strengthen your application.
4. If there is a mistake on my rental history report, how can I correct it?
If you find an error on your rental history report, you should contact the reporting company and provide them with any supporting documentation to help correct the mistake. They are required to investigate and correct any inaccuracies within a certain timeframe.
5. Can landlords deny my application based solely on my rental history report?
Landlords have the right to deny applications based on the information found in your rental history report. However, they must also comply with fair housing laws and cannot discriminate against you based on protected characteristics, such as race, religion, or gender.
6. Does my rental history report include information about my credit score?
No, your rental history report is separate from your credit report. However, some landlords may request both reports as part of the application process.
7. Will my rental history report show if I have broken any lease agreements?
Yes, your rental history report may include information about lease infractions or breaches, such as breaking a lease agreement before its term is up.
8. Can I dispute information on my rental history report?
Yes, you have the right to dispute any inaccurate or incomplete information on your rental history report. You should contact the reporting company and follow their dispute resolution process.
9. How long does it take for information to update on my rental history report?
The time it takes for information to update on your rental history report can vary. It generally depends on how quickly the reporting company receives and processes the updated information from landlords or property management companies.
10. Will my rental history report show if I have been sued by a previous landlord?
If a lawsuit or court judgment has been filed against you by a previous landlord, it may be included in your rental history report as public record information.
11. Can I build a positive rental history if I have never rented before?
Yes, even if you have never rented before, you can still build a positive rental history by paying your rent on time, being a responsible tenant, and maintaining a good relationship with your landlord.
12. Do all landlords and property managers use rental history reports?
Not all landlords and property managers use rental history reports, but it is becoming increasingly common for them to do so. Rental history reports provide valuable insights into an applicant’s past renting behavior, helping landlords make informed decisions.