Article was originally published by TheStar.com.my
KUALA LUMPUR: Credit reporting agency CTOS Digital Sdn Bhd is expanding its services by providing its tenant screening solution for landlords and property agents.
In a statement on Tuesday, it said the fully-digitised solution offers landlords and property agents quick and accurate checks on potential tenants, resulting in a more reliable application selection process.
It added that a good tenant will ensure the property is well taken care of, utility bills paid promptly and in full, fittings and furnishings properly used and well-maintained.
However, a poor tenant may not just leave the rent and utility bills unpaid, but also may damage the property which could lead to significant impact on the value of the property.
Dennis Martin, CEO of CTOS Digital Sdn Bhd, the holding company of CTOS Data Systems, said the “CTOS Tenant Screening” is the latest in its move to bring digital business solutions to more diverse industries across Malaysia.
“Tenant screening is common practice around the world that is starting to gain traction in Malaysia. As Malaysia’s largest Credit reporting agency, with access to up-to-date and comprehensive datasets, we are pleased to make this service directly accessible to everyone, ” he said.
The digital platform provides users with access to tenant screening reports that demonstrate the tenant applicant’s ability and willingness to pay their bills on time.
The consent to get this report can also be done online. By using CTOS Tenant Screening reports, landlords will be able to receive background checks including ID verification, financial checks, legal cases & bankruptcy (if any).
The “know-your-customer” screening includes politically exposed persons (PEPs) watch lists, sanction watch lists, enforcement watch lists and adverse media watch lists
CTOS Digital said the screening may red-flag any pertinent information to reduce the risk of payment defaults, property damage and eviction hassles.
The CTOS tenant screening report is available at 50% ff from now till March 31. A single report is priced at RM14.90 and a package of 10 reports for RM125 after discount.
For details of the CTOS tenant screening report, visit www.ctoscredit.com.my