What is a Lease Record?
FrontLobby Lease Records are an internal Recordkeeping tool for Landlords and Property Managers, tracking every tenancy.
A Lease Record allows Housing Providers to keep an internal record of rental payments and tenancy details as well as report rental data to the Credit Bureaus.
Why should I create a Lease Record:
- Lease Records can be used by Landlords and Property Managers to keep detailed internal notes about each rental agreement
- Lease Record payment details may be shared with Credit Bureaus by either the Landlord or the Tenant, through Rent Reporting
- Sharing information with Credit Bureaus may help Tenants improve their credit scores and access new rental homes