Saturday, 2 December 2017

Tenant scoring system created so landlords can exclude druggies, late-payers and thugs

Renters are going to need to be a lot more careful about angering landlords after the launch of a "Tenancy Risk Score".

The score, which runs from zero to a supremely trustworthy 1000, is a parallel to the credit scores that lenders use to assess whether a prospective borrower is a good bet to repay a loan.

Created by Tenancy Information New Zealand (TINZ), which is a private company, the scores draw on 15 different sources of information. Landlords will pay around $15 for each tenant check they do.

The sources of information include credit scores from credit bureau Illion (which owns TINZ), Tenancy Tribunal orders, driver's licence information, home ownership records, and ratings of tenants given by landlords to TINZ.

from
http://www.stuff.co.nz/business/money/99478048/Tenant-scoring-system-created-so-landlords-can-exclude-druggies-late-payers-and-thugs

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