Landlords and property managers in Canada are conducting rental credit checks to validate the creditworthiness of prospective tenants. This can involve checking consumer reports or cross-referencing names with renter score models to determine information like past payment history, how many other rentals the candidate has been in, and any violations of lease agreements. Rental credit checks can affect the number of security deposits, length of lease terms, whether a co-signer is needed, and an increase in rent for high-risk renters.
