Stephan
[2022-03-26 10:22:07
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You may have heard someone sing, "Ain't nothin' goin' on but the rent," but there's a lot more to being a landlord than just collecting payments. The purpose of the rental application is to have written proof that the tenant has the income and financial stability to pay the rent on time and that he has a solid rental history with no evictions, legal problems with landlords or history of missed payments. Rental history: A list of addresses. Get a list of houses being auctioned from the auctioneer. Employment history: A list of recent employers, including how long the applicant stayed at each job. A prospective landlord will want to know if the applicant has ever been evicted, had his home foreclosed or missed more than three rental payments in a year. Forbearance is when your lender agrees to suspend your payments temporarily if you agree to another option to satisfy your loan amount. Make that amount firm in your mind, so that you don't get caught up in the excitement of the moment and end up overbidding. Loans and credit are approached differently in Canada and it may be much more difficult to get approved. |
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