How to decline a prospective tenant based on credit or income
When renting my properties, I have prospective tenants claiming their felt being discriminated aagainst because they were declined due to their credit score or income. Though I am free from such complaints since it's owner occupied property. I worry about this if I moved out. Here is my questions:
1. Is it legal to set minimum credit score, say 680? Can I disclose that to my prospective tenants before the application?
2. Is it legal to set maximum rent vs income ratio? I was recommended the ratio should be below 33%. Shall I disclose that to the prospective tenants before the application?
3. Do I have to give feedback to the prospective tenants immediately after I got the report? How long can I wait to give feedback?
4. Does anybody has suggestions on how the decline letter shall say? I notice the decline letters for job applications always word such as "not fit the position". Shall I adopt that as "not fit the property"？
Thank you!