Cozy Credit Check Fee

I don t know how common it is to have your tenants pay to have these checks done.

Cozy credit check fee.

What i don t like is that cozy kind of markets their credit and background check as free. Learn more about the change. When tenants choose to use a credit or debit card there s a 2 75 service fee. The price varies based on location and property.

Landlords can require renters insurance and renters have the option to purchase insurance through cozy. Cozy helps landlords and tenants with fast credit checks background and eviction checks free online rent collection and easy tenant screening. It s 34 95 to complete both. The average policy costs about 20 month.

Credit reports are generated by experian and include the most current available credit information about an applicant. Reports are run as soft inquiries so they won t negatively affect applicants credit. There s nothing for you to do right now but we ll let you know before your account moves. So i tell my applicants up front if i accept you i will refund you the.

Well it s free to you because the tenant has to pay for it. We ll keep you in the loop every step of the way. You further agree that you are requesting or viewing such reports solely for the purpose of prospective tenant screening and for no other purpose. By requesting or viewing applicant credit reports or background check reports you agree to comply with the fair credit reporting act and any applicable state laws governing the use of consumer reports.

Applicants verify their identities and pay for their own reports so you don t have to collect application fees.