VERIFY INCOME AND EMPLOYMENT
Source:Leases & Rental Agreements-2nd Edition
BY: Maria Stewart & Attorneys Ralph Warner & Julia Portman
Obviously, you want to make sure that all tenants have the
income to pay the rent each month. Call the prospective tenant’s
employer to verify income and length of employment. Make notes on
the Tenant References form.
Before providing this information, some employers require written
authorization from the employee. You will need to mail or fax the
employer a signed copy of the release included at the bottom of the
Rental Application form or the separate Consent to Background and
Reference Check form. If for any reason you question the income
information you get by telephone-for example, you suspect a buddy of
the applicant is exaggerating on his behalf-you may also ask applicants
for copies of recent paycheck stubs.
It is also reasonable to require documentation of other sources of
income, such as Social Security, disability payments, workers
welfare, child support or alimony.
How much income is enough?
Think twice before renting to someone if the rent will take more than
one-third of their income, especially if they have a lot of debts.