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.
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
CA landlords can charge their monthly cost or $10, whichever is less.
The only thing I would change is that the landlord is allowed to ONLY charge their exact cost. But otherwise yeah this is a good idea (having your rental payments show or affect your credit score).
Now that’s how you make a law. I love how this is built.
Same. $4.99/month ooo thanks for the penny.
