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UAE landlords check tenant credit scores now
19 May
Summary
- Landlords can now screen tenant credit scores digitally.
- Tenant consent is mandatory for accessing credit reports.
- AI now assesses cheque clearance probability for landlords.
In a notable change for the UAE's rental market, private landlords can now digitally verify the creditworthiness of prospective tenants. This new Tenant Screening service, a collaboration between Etihad Credit Bureau and UAE PASS, requires tenant consent before any credit report is accessed.
The system allows landlords to request a tenant's credit profile, which may detail repayment history and credit scores. Tenants receive a notification via UAE PASS and must grant explicit approval for the landlord to view the report.
This initiative aims to curb rental payment defaults and enhance market transparency. For expatriates, particularly the large Indian population in the UAE, this development could expedite rental approvals for those with strong credit histories.
Additionally, Etihad Credit Bureau has enhanced its Cheque Clearance Indicator using artificial intelligence. This tool assists landlords and businesses in assessing the likelihood of a cheque clearing, addressing historical issues with bounced cheques often used for rent payments.
