What can I do if my application to move into a rental property is turned down?
I just faxed an application to a property managment company to apply for a lease on a new home. I am relocating to a new area for the campany I work for and need to find a new place to rent. My concern is that my credit history is very poor and I will not get approved to move into this new house. Although my credit is poor, I am paying on everything on time at the moment and my credit has begun to go back up but is still not good. If my application is denied, is there anything I can do to persuade them to allow me to move in and sign the lease for the property? Money is not an issue and I can even put down a little more than they are asking for with regards to the security deposit or pay 2-3 months worth of rent up front. Would this make a difference? Is there anything I can do?
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Tags: Credit History, New House, Relocating
lease property | , 23 Feb 10
By Elise, February 26, 2010 @ 4:17 pm
Some places will let you move in if you pay a higher deposite or get letters of recommendation from your previous landlords.
Good Luck!
By ncdave74, February 27, 2010 @ 5:26 pm
Unfortunately it’s totally up to the landlord and if credit is an issue they are under no obligation to rent to you. The best thing I can suggest is to be up front with something along the lines of “I’ll tell you up front my credit is not so great, it has improved from A to B in the last 6 months and I have no late payments” Offer proof of it along the lines of current rental/payment histories. The problem is a lot of people are hestitant and hold out on disclosing the credit problem after they’ve wasted the potential landlords time by looking at the place which makes them look sneaky. I think up front and honesty along with some hopeful face to face dialog may sway them.