Should You Make Potential Tenants Aware of Reasons for Denial Upfront?
I am in the process of buying my first multifamily property and have began to investigate screening techniques, applications and the like. One question that came to mind when dealing with potential tenants and discrimination issues would be if there is any benefit to outlining the reasons a tenant will not be approved on the application? By example would it benefit Landlord's to include a list of reasons an application will be denied without exception so long as all of those reasons conform to Fair Housing?
Example:
"Applicants WILL be denied for any of the following reasons without exception:
Past Evictions
Any Felonies or Criminal Record
Credit Score Below ____
No Rental History
No or Bad Landlord References
etc..."
Just curious, has anyone else had any experience in doing this? Can anyone think of reasons that this is a bad idea or may be unlawful in some jurisdictions?
Best,
Zachary S. Harrell