The following addendum explain exactly what information can be collected and who it can be shared with. The first applies when you're submitting a rental application, while the second covers the entire period of your tenancy and afterwards.
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CLAUSE 1: Consent to Collection and Disclosure of Information Before Lease Commencement
- The Tenant consents to the Landlord’s use of personal and financial information provided in the rental application to conduct tenant screening, which may include sharing information with consumer reporting agencies or other verification services.
- The Tenant acknowledges that the Landlord may disclose the Tenant’s information to determine eligibility for tenancy and creditworthiness.
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CLAUSE 2: Consent and Disclosure for Credit Reporting During and After Lease Term
- The Tenant agrees that the Landlord may report monthly rental payment activity to a consumer reporting agency. This includes whether payments are made on time, late, or missed, and such reporting may affect the Tenant’s credit score positively or negatively based on payment behaviour.
- The Tenant authorizes the Landlord to disclose necessary information, including but not limited to: payment records, lease compliance, and account details, to consumer reporting agencies or other third parties for the purpose of maintaining accurate records and ensuring compliance with applicable laws.
- In the event of unpaid rent or outstanding balances after the termination of the lease, the Tenant agrees that the Landlord may disclose relevant account and payment information to consumer reporting agencies, collection agencies, or legal counsel for debt recovery purposes.
- The Landlord reserves the right to continue reporting outstanding balances to consumer reporting agencies or other third parties until the debt is fully paid or otherwise resolved.
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