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James Stiles
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Denial letter for non-qualified applicants

James Stiles
Posted Jul 22 2022, 04:20

New to landlording and we have a single rental property with three units. Do we need to send out denial/adverse action letters to every application we screen that doesn’t meet minimum qualifications? 

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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied Jul 22 2022, 05:38
Quote from @James Stiles:

New to landlording and we have a single rental property with three units. Do we need to send out denial/adverse action letters to every application we screen that doesn’t meet minimum qualifications? 

The Adverse Action Letter is required any time you deny an application based on information found in the credit report. If you're denying them based on information outside of the credit report (e.g. bad Landlord references) then you can send a generic denial notice.

  • Property Manager Wyoming (#12599)

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James Stiles
Replied Jul 22 2022, 10:16

Thanks for the help 

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