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Updated about 14 years ago on . Most recent reply
tenant not us citizen
Does anyone know how to rent a property to a non-us resident. they are from England and will be staying here for a while, more than a year. Perhaps they will move here permenantly, but not at the moment. How do I go about checking their credit, what about green cards, does that have anything to do with it, what else do I need to make sure I am covered, and am doing everything by the book?
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I have many Asian tenants, and more than a few other foreign nationals. In general, we get two types: Professional upscale, and students. Also, I guess, a few retirees just traveling the world. If they are new to this country, we don't check their credit, but they are required to provide their travel visa, which, depending on the country of origin, is difficult to obtain and suggests a certain amount of reliability. Customs used to have an excellent brochure to help ensure these documents are real. We also require verifiable funds (savings) of at least 3 times the monthly rent, and this may be hardcopy bank statements or other substantial, and again, verifiable documentation. Typically they will have MUCH more. Of course, if you don't speak or read the lingo, this may be problematic. If the supporting documents are all in English, CHECK CLOSELY FOR TYPOS, SPELLING, and GRAMMAR.
Generally these types of individuals will have other letters of reference, or a local contact, or sponsor of some type. Often, students will have grant or student loan documents from their country as well, showing their housing and tuition allowances. These types of tenants are seeking six month to one year of housing, this is NOT a permanent move. I've only had one bad experience, with an "artist" that liked to paint. Without any flooring protection. Generally, they are exceptional tenants.
Another thing, often they will be able to pay by credit card, and sign a Security Deposit agreement using the credit card. Just watch the exchange rate! Be sure they are paying in your local currency.
For lower income immigrants, making a permanent move here, they typically offer up a license or new SS# but have NO savings, new job, living with relatives, no references, etc. so may be unable to qualify.