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The Vermont Department of Taxes has released guidance for Landlords on how to report any Rental Housing Stablization Program (RHSP) funds received.
Sharing your bank statement with third parties without verifying the receiver can put you at risk for identity theft. Your bank statement contains personal details such as your name, address, email ID as well and bank account number. Scammers can use this sensitive information to commit fraud.
Bank statements for whom? It is legal for you to request bank statements for any account that you are an owner or authorized signer on. It's illegal to request someone else's bank statements.
Generally yes, it is safe to share your bank statements with your landlord. However you should always be aware of rental scams and those posing as landlords or property managers to get your banking information.
Does the landlord want first and last month's rent? Some landlords require first and last month's rent as well as a security deposit. Except in Burlington and Barre, it is legal for the landlord to ask for advance payment of rent.
For students some landlords will request that parents co-sign, but others will recognize your savings as adequate proof of ability to pay. This is sometimes a concern for retirees as well. You won't know how landlords will react until you talk them.
Yes, rental applications can ask for bank statements, account numbers or other information that verifies your income. Landlords use this information to establish your ability to manage your finances and pay your rent on time.
Apartment managers and landlords use your banking details to verify your income and the validity of your account. Having your details on hand just simplifies the process. Landlords and property managers may also request bank account details to set up automatic payments online.