Credit check
Short definition
The credit check refers to the assessment of a prospective tenant's financial reliability. It serves to estimate the risk of payment defaults and is generally based on information such as income, SCHUFA (credit bureau) data, and past contractual relationships. Especially when demand is high, it determines which interested parties make the shortlist.
Example
Missing or incomplete documents lead to potentially suitable tenants not being considered or decisions being delayed.
How do you properly check a tenant's creditworthiness?
A tenant's creditworthiness is most reliably checked by combining several proofs. These include a current SCHUFA credit report, proof of income, and a self-disclosure form. It is crucial that all information is consistent and that a stable income is recognizable.
Which documents are standard for a credit check?
Typical documents include proof of income for the last three months, a SCHUFA report, and a completed self-disclosure form. Depending on the property, guarantees (sureties) may also be requested.
Practical context
In practice, the credit check is a central step in selecting suitable tenants. Particularly when demand is high, a structured pre-selection helps to minimize risks and make decisions faster.
Further links
→ Product page: Process applications in no time
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