Providing your applicants with a receipt for the fee you collected to complete a credit check and verify the information on their applications.

Can be used to clearly state that a credit check, or screening, will be conducted and that a fee will be charged.

When you collect a fee for conducting a credit check of a potential tenant, you want to be sure that the applicant understands that the payment does not imply acceptance as a tenant and also does not function as a security deposit. This one-page form clearly states the purpose of the fee, communicates that a screening will be conducted and clarifies the conditions upon which the fee may be refundable.

ONE-PAGE FORM ALLOWS YOU TO:

• provide a receipt for a fee charged for conducting a credit check to verify information on a rental application
• clarify the purpose of the fee
• explain conditions under which the fee may be refunded
• use a standard receipt for all applicants
• ensure consistent treatment of potential tenants
• communicate in clear, concise language
• explain that you will continue to accept applications for the property
• maintain up-to-date records on rental agreements

TERMS AND CONDITIONS COVERED:

• purpose of the credit check/screening
• types of information verified
• the conditions under which the fee is refundable
• acceptance of additional rental applications

Contents reviewed and approved by attorneys or industry experts.