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Updated almost 2 years ago, 02/11/2023

User Stats

5
Posts
0
Votes
Oles B.
  • Rental Property Investor
  • Rancho Cordova, CA
0
Votes |
5
Posts

Lease Agreement Privacy Concerns

Oles B.
  • Rental Property Investor
  • Rancho Cordova, CA
Posted

Hi all, I searched around the internet and these forums for an answer to this for about an hour or so, and I couldn't find anything.

I am applying for a new credit card and I listed "rental income" as one of my sources of income. During my credit card application, the underwriter is asking for a copy of the lease agreement to confirm the monthly agreed upon amount. I am concerned about this being a breach of privacy of my tenants. I offered them a copy of invoices of the rental payments instead, but they insist on just the lease agreement.

I wonder about the legality of something like this. Does anyone know? Are there any places I can look? Am I overthinking this? Is it a normal thing to just hand out lease agreements to whoever asks for it? I just got my first rental property last year, so still learning the small things here and there.

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