Did You Know?
Tenant Verification Service is a Credit Reporting Agency where landlords can report tenant pay habits.
Reporting tenant pay habits benefits landlords and tenants.
Landlord benefit: Where tenant pay habits are reported on the 3rd day of each month to a Credit Reporting Agency, and a tenant is made aware of that via a Notice to Tenant form available from TVS, rent payments are more likely to be made on time. Why?
Because the tenant is aware of the consequences of a tardy tenant history.
Tenant benefit: Tenants benefit when rent payments are made on time because they can create a good tenant credit history for themselves. This history entitles the tenant to a Certificate of Satisfactory Tenancy, available from TVS. In many instances, tenants do not have a stellar credit report and tenancy is denied. A good payment history and the Certificate of Satisfactory Tenancy can open new doors and make renting easier. This is a tremendous benefit for good tenants who pay rent on time but have a poor credit history.
For more, TVS members can log into www.tenantverification.com, go to Report Tenant Pay Habits which is directly under Contact Us in the top light blue bar. Click on the link and proceed to complete the report. Over 52,000 TVS/ATS members in Canada and the USA will then have access to the pay habit report.
The TVS/ATS database is searched each time a member submits a query for a credit report. If a record is found, it is provided the same as a credit report.
This post is provided by Tenant Verification Service, Inc., helping landlords reduce the risks of renting with fraud prevention tools that include Tenant Screening, Tenant Background Checks, (U.S. and Canada), as well as Criminal Background Checks, and Eviction Reports (U.S. only).
Click Here to Receive Landlord Credit Reports.
Tenant Verification Service and ATS Tenant Screen Online provide landlords with the ability to report tenant pay habits.
Disclaimer: The information provided in this post in not intended to be construed as legal advice, nor should it be considered a substitute for obtaining individual legal counsel or consulting your local, state, federal or provincial tenancy laws.