RentGrade of A
Very Low Risk of default (<1.1%)
A RentGrade of A typically represents a credit score of higher than 700 with a rent-to-income ratio typically 3 to 1 or higher.
What does this mean?
Congratulations, you have found a fantastic, low-risk tenant. This tenant has a great credit score and has demonstrated a track record of paying bills on time and as agreed. This is the best grade that we give to any of our potential tenants. Every property management company would be eager to rent to this tenant under the most competitive terms for as long of a lease as possible.
Sign this tenant on as long of a lease as possible and ask for your standard security deposit. This tenant is in demand and has some room to negotiate on price. Only about 1 in 8 tenants receives an A, so don’t let them get away.
Action Most Landlords Take:
Based on TransUnion’s resident score, this applicant has greater than 99% probability of paying their rent on-time. All professional property management companies would rent to this tenant under their least restrictive conditions.