I'd like to know who should pay for the agent's commission and how to check credit score when leasing a home.

Asked by Jinhobahn, Atlanta, GA Tue Aug 26, 2008

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Joshua Jarvis’ answer
Joshua Jarvis, Agent, Duluth, GA
Tue Aug 26, 2008
Jinhobahn,

The owner, as others have pointed out usually pays the commission. Think of it as a finder's fee.

As for credit score, you can use many resources, but sometimes pairing up with a good loan officer can accomplish the same thing for free. This is especially effective on Lease Purchases.

Good Luck!
Web Reference:  http://www.gahomesdigest.com
0 votes
Tori Lawson,…, , Fayetteville, GA
Tue Aug 26, 2008
HI the owner usually pays the commission on a lease. You can search the internet for credit check score information for renters, etc.
You may also want to check with a property management company to assist with the whole process.
Best of luck
Web Reference:  http://www.torilawson.com
0 votes
Deryk Harper, Agent, Alpharetta, GA
Tue Aug 26, 2008
HI Jinhobahn,
The owner of the home that is being leased is always the one that has paid my commission. There are many companies online that can run a credit check for a fee for verifying a possible tenant's credit and background. Try Googling "landlord information" or "rental credit check" and you should get some useful responses.
Deryk
Web Reference:  http://www.keyhomefinder.com
0 votes
James Dudley, Agent, Suwanee, GA
Tue Aug 26, 2008
Be sure to get some references from past landlords to verify payment history.

We had an agent in our office write up a lease purchase deal for someone and their credit checked out good, but their first 3 rental payment checks bounced!
0 votes
Diane Menard, Agent, Marietta, GA
Tue Aug 26, 2008
It is customary for the owner to pay the commission but is still a negotiatable item. As far as the credit report, I have my lender run my credit reports for me whenever I do a rental.
0 votes
Ericka Nicho…, , Atlanta, GA
Tue Aug 26, 2008
The homeowner will pay the agents commission. There are several companies that offer credit scores, you may want to try http://www.thelpa.com, but you can do a search and get others. Also, don't forget to verify employment history, background and rental history.
0 votes
Alma Kee, Agent, Tampa, FL
Tue Aug 26, 2008
Definitely a good idea to check the credit of the owner if you're planning to lease a home. The agent's commission should be paid by the owner when leasing a property.

Google "credit report" and you'll find many companies offering credit reports for a fee with the owner's consent.

Also make sure to monitor your owner's history weekly at the county clerk's online office (if available in Atlanta).
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