The landlord for the rental I am applying for wants a copy of my bank statement?

Question

Is that legal? I do not receive paystubs therefore the reason why I am willing to let him see my bank statement, but do want him to have a copy of it.

Answer 1

It's legal and the landlord has a legitimate need to see that you make regular deposits that would coincide with your pay schedule to verify your income stream in the absence of pay stubs.

If you are concerned about sharing too much information, you can "sanitize" the account statement by obliterating some of the account numbers or other information - just be careful to leave enough so he can see that it's yours and provides what he needs to be comfortable about the risk level you present.

Answer 2

Yes, that is normal because he wants to make sure you have money to pay for your apartment or house you are renting. He is just protecting himself since you can't prove to him your income. Maybe you can talk to him into calling your employer to provide information on how much you take home, or give him a copy of your current tax return. Why don't you get a paystub? That's unusual. Are you legal in the states or where ever you are? If I were a landlord, I would question why you don't get a paystub and you worked. It's legal and not unusual.

Answer 3

I would just ask if it would be ok for your employer to write a letter verifying your income. Or if he insists on having a copy of your statement, use a sharpie to black out the account number and any other info he shouldn't have.

Answer 4

If he just wants to verify that you get paid monthly, you can ask your employer to write a letter verifying it. Or see if your bank can print out just the deposit portion of your statement for the last few months.

Answer 5

Mortgage companies do the same thing. They want to make sure you have a bank account and that you can afford it.

Answer 6

dunno. ask a lawyer