This is only for tenants obligated to pay on a lease, not for month to month tenants with a rental agreement but no lease- also it’s for apartment buildings with 16 units minimum.
Why on Earth the minimum unit requirement?
Probably to not burden smaller landlords with excess costs for reporting and infrastructure if I had to guess
This is a good idea, and hopefully will help people get a leg up. Better credit scores can save you money by opening up lower interest rates.
Landlords will be pissed, this makes it easier for them to buy out of the system and reduces rent to purchase ratio.
We started this in Canada earlier this year.
TIL.
Now I gotta talk to my landlord about registering for it.
Thanks for saying something about it. :)
i love this; i think i’ll move back to california
Meanwhile I have to pay $5 a month to reflect mine
Same. $4.99/month ooo thanks for the penny.