California renters can have monthly payments reflected on their credit scores under new law
California renters can have monthly payments reflected on their credit scores under new law
www.cbsnews.com California renters can have monthly payments reflected on their credit scores under new law
California will now require landlords of multi-family housing to give tenants the option to opt into having their rent payments reported to the credit bureaus.
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This is only for tenants obligated to pay on a lease, not for month to month tenants with a rental agreement but no lease- also it's for apartment buildings with 16 units minimum.
Why on Earth the minimum unit requirement?
Probably to not burden smaller landlords with excess costs for reporting and infrastructure if I had to guess
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