Common use of Tenant Screening Clause in Contracts

Tenant Screening. Prospective tenants complete BROKER rental application and undergo qualifying process, which includes but is not limited to third-party credit, criminal, and eviction checks, plus employment and current residence verifications. The prospective tenant pays all costs of investigation. BROKER and its representatives will make reasonable efforts to obtain accurate information regarding prospective tenants. However, information accuracy is limited by the 3rd party information provider(s). BROKER IS NOT RESPONSIBLE FOR INACCURATE OR INCOMPLETE INFORMATION. OWNER agrees to allow BROKER to use discretion and judgment in securing a lease and enforcing the terms or conditions of said lease, and does not hold BROKER responsible for making any rental payments or other costs and/or fees not paid by tenants. BROKER will use reasonable effort to secure the most appropriate tenant candidate possible and execute a lease with a monthly rental amount within the agreed upon pricing range as described in Addendum A. All tenant candidates who exhibit a FICO score of 525 or higher, have a twelve (12) month history of rental or mortgage payments with no late payments during that period, are employed full time, can evidence proof of income equal to or greater than three (3) times the monthly lease amount, and otherwise conform with any special OWNER directives may, at BROKER discretion, be approved to lease PROPERTY and OWNER hereby specifically authorizes BROKER to take such action. All tenant candidates who do not meet these screening requirements shall be referred to OWNER for review and final decision. OWNER agrees to hold BROKER harmless for any actions of the tenant. BROKER is to retain application and credit check fees paid by all prospective tenants.