Sunday, October 14, 2007
The Approval Process (continued)
The score takes into account a variety of factors, including your credit and court history. The minimum score a leasing agent can accept depends on the occupancy goals and risk tolerance of the landlord/management company. Some large management companies have different scores for different complexes or units. The higher-end the unit is the higher the minimum acceptable score a potential tenant needs to be accepted. Housing providers' criteria for approval vary by property. A decline at one property does not necessarily mean that you'll be declined at another property. Landlords that use this type of evaluation tool feel that it takes all the subjectivity out of leasing.
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