Your possible landlord thoroughly displays your financial history and references to determine if you meet his standards. Landlords often use a tenant screening service which provides credit reports and background info on possible tenants. Moreover, the neighbor calls your personal references, collects evidence of income and contacts that your company. All this information paints a picture as to whether you pay your bills on time and are a viable candidate for tenancy. The landlord has just one aim in contacting your company: verification of employment, length of employment and income verification.
Verification of Employment
Landlords call employers to confirm you’re in fact used. Several less-than-honest tenants may lie around employment and provide a fake number. A landlord often calls the main line of the business to find out if he can achieve individual resources or your boss in that fashion. Your spouse may also get your employment information from the credit report if your company reports to the credit reporting agencies.
Length of Employment
Your possible landlord asks your boss or human resources just how long you are employed with the corporation. By limiting the amount of the job, he can determine whether you have a stable job history. A tenant candidate that has been employed with the same company for a substantial time period is viewed as having a secure income history.
Income Verification
Your landlord may request your employer to validate the income you provided on the program. Many employers refuse to offer this as it could be seen as a privacy violation and a risk for litigation. You may be requested to provide pay stubs, W-2s or your tax return to verify income if your company will not verify the info.
Release of Information
Expect to sign a release of information form for your neighbor. Many employers refuse to give out any personal information including verification of employment and length of work without written consent of the employee. Alternatively, you may offer a letter from the employer verifying employment, length of employment and income levels on business letterhead.