Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply

User Stats

120
Posts
10
Votes
Steve Candor
  • New York, NY
10
Votes |
120
Posts

Credit Report Fee for Tenant in Massachusetts

Steve Candor
  • New York, NY
Posted

Okay so I know I can't charge a fee for this in MA (so stupid) HOWEVER can I have an intermediary charge a fee?

For example can I tell them I only accept credit reports done by a specific company? I don't want to pay for the credit report for tenants and I don't want them supplying me their own report. 

Most Popular Reply

User Stats

2,341
Posts
877
Votes
Shaun Reilly
  • Landlord and Rehabber
  • Newton, MA
877
Votes |
2,341
Posts
Shaun Reilly
  • Landlord and Rehabber
  • Newton, MA
Replied

@Georges A. I agree with @Steve Candor 's citations an interpretation of an "application" fee.  I wouldn't do it!

However I have seen people charge an "administrative" fee.  Subtle I know, but there is case law saying application fees are a no no.

This administrative fee terminology was blessed supposedly by multiple attorneys and Coakley's office.

In a different approach I have heard several arguments that you could use a service such as SmartMoves to have the tenants basically buy their own report and provide you access.  Difference than charging them then running the credit is that they buy it themselves and they can use it multiple times with any place they apply too.

Loading replies...