i am about to rent a property from a private landlord. he obviously wants to check my credit and employment verification, no problems there, but should i be concerned about his credit and his own employment verification? what happens if the landlord decides he wants to take my rent money and go bet it on black at a local casino and not pay his mortgage? what happens to me (besides having to find a new place in a hurry?)
2007-02-27 05:11:20 · 6 answers · asked by kirk v 2 in Business & Finance ➔ Renting & Real Estate
some of the answers here are not understanding the point i am trying to make. i agree it is up to landlord's discretion what he wants to do with my rent money. HOWEVER, the last thing I need is for the police to come to my door and hand me a house seizure letter because mister landlord decided not to pay the mortgage. renting from apartment complexes is less scary than a private party as the bank will usually not default on their loans, but when it comes to a private party who knows?!?!??!?
2007-02-27 07:13:33 · update #1
Thats a great question and an interesting idea. IF your landlord goes belly-up then you will at most be inconvenienced. The lender could foreclose on the property, but you would still have a valid lease and a right to the property. You would have to allow inspections and prospective buyers voiew the home, but you would not have to move (although they might try to get you to move...).
You have no "right" to the credit info of your landlord, but you might ask them about their experience and what other properties they own. Let them know your concerns and let them do what they can to reassure you.
2007-02-27 06:00:36 · answer #1 · answered by sdmike 5 · 0⤊ 1⤋
You can ask, but any right-minded landlord would dismiss you as a troublemaker from day 1 and not even let you move it. What makes you think a landlord has other employment beyond "landlord," which is full-time work. If the landlord wants to spend HIS rent money income at the casino, it is his business, not yours.
2007-02-27 06:15:59 · answer #2 · answered by kingstubborn 6 · 0⤊ 0⤋
great question but as far as the landlord is concerned he/she is chosing the renter not the other way around. you can ask but i think your gonna be pretty hard up finding a landlord willing to pass along his information. If you were to come across that gambling scenerio thats called small claims court. unless you're willing to part with cash and wait longer than you want too getting it back be sure , very sure you trust your landlord. Instead of asking for the financial information ask to speak with prior renters for that location. They'll answer alot of your questions. You should be picky too dont just move in anywhere.
2007-02-27 05:21:32 · answer #3 · answered by Anonymous · 0⤊ 1⤋
This is the funniest thing i have ever heard, but you do make a good point. I highly doubt he is going to let you do that and tell you to take a hike. I would love for you to tell me his response. I do read on here a lot that landlords do not pay and the tenants have to move. You do bring up a good point, although its a strange one.
Good luck,
RE Agent,
Remax
2007-02-27 10:18:27 · answer #4 · answered by frankie b 5 · 0⤊ 0⤋
If you are this concerned do not rent from a private landlord and always sign and READ your lease and no you may not check your landlord's credit history.
2007-02-27 05:21:08 · answer #5 · answered by Anonymous · 2⤊ 1⤋
The answer is - get a lease and you'll be 100% protected! There is no need for you to check his credit history and employment verification.
2007-02-27 05:16:18 · answer #6 · answered by Helen 2 · 2⤊ 0⤋