I cannot give you legal advice, but I can refer you to BNI (tenant & landlord hotline) that will be able to give a legal answer your question or refer you to a good source. This agency's phone number is
410-243-6007. The phone is answered between 9 -1 and 2-4. Good luck... more
The compensation to the Brokerage is listed in the Multiple Listing Service. For a rental, it's usually all, or a portion of the first month's rent. The Brokerage then shares that with the agent based on their split.... more
I use a local service that specializes in rentals, for credit apps, which I recommend to my clients. If you have an agent that you worked with to buy your property, as them what they39;d recommend.
As far as bad credit: In a tougher rental market, you may find you need to ease your standards a bit. That's not to say you should put yourself in an at-risk situation. First of all, I don't it when rental applicants lie. If they say they have excellent credit, then I find 2 years of unpaid child support payments on their record, that's not going to work. Also I've found elaborate stories might be indication of a problem - everyone has a story for everything, and if it sounds fishy, there may be a reason. If someone has otherwise good credit but has something like a unpaid medical bill with a reasonable explanation, that's the kind of thing I might let pass.
However, if someone had less-than-perfect credit, I might ask for a higher security deposit. Perhaps 2 months or a month and a half.