Need help with Lease option for people returning to Canada

[Sherilynn]

Greetings.



I have an out-of-country applicant for a tenant-first rent-to-own and I would like to know if there is anything special that I need to do in this case.



He and his wife are from Canada and living and working in the States. He is transferring back to Alberta with his current company, so his employment is solid.



They have SIN numbers and credit histories and everything else that a good Canadian needs, except for the last few years of history here (which is why the bank won't approve them). Upon our return to Canada, it took only a few months before the banks liked us again, so I would hope the same holds true here.



Can anyone think of any extra due dilligence that I should be doing? Any special paperwork? Anything else?



Thanks in advance

 

[markl]

Same as always. Letter of employment stating salary and how long he has been employed. References from employers and former rental accomodations. A check to verify income - NOA's they probably would still have filed in Canada. Credit check to see that in fact all they need is to re-establish credit here.



Down payment and then see if the reality of what they are looking for meets the reality of what you can provide for them.



Regards,

 

[Sherilynn]

Thanks Mark.