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.
  • workerONE@lemmy.world
    4·
    7 hours ago

    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.

  • walden@sub.wetshaving.social
    29·
    11 hours ago

    This is a good idea, and hopefully will help people get a leg up. Better credit scores can save you money by opening up lower interest rates.

    • InverseParallax@lemmy.worldEnglish
      1·
      5 hours ago

      Landlords will be pissed, this makes it easier for them to buy out of the system and reduces rent to purchase ratio.

    • ryan213
      9·
      11 hours ago

      We started this in Canada earlier this year.

      • girlfreddy
        4·
        9 hours ago

        TIL.

        Now I gotta talk to my landlord about registering for it.

        Thanks for saying something about it. :)