Landlords: do you consider triple-A tenants only?

You’re scrolling over the MLS sheet and see “TRIPLE A TENANTS ONLY” – but what if you ARE a triple A tenant, just not on paper?

Maybe you’re new to Canada and don’t have a Canadian credit history, or maybe you’re a freelancer and don’t have an employment letter.

Here are 3 things you can send out when placing an offer in a competitive rental market:

Show proof of financial stability through bank statements or saving accounts. At the end of the day, all that the landlord wants to know is that you can afford to pay the rent.
If you’re self-employed, use your last year’s T4 to show your income. If that’s not enough, show the last 3 months’ payments made by your clients to your company account.
Lastly, present a few extra month’s deposits with your offer. In one incident, I had to compete with a tenant who gave the landlord a year’s worth of payment upfront – I mean, who’s going to say no to that?

Landlords, don’t be afraid to consider these types of tenants. They may indeed be the triple-A tenants you’ve been looking for, or even better!

Every situation is unique, so if you have any questions, give us a call!

(416) 707-1209

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