NYC law does not require any background or credit checks for a lease. I would recommend using rentprep.Com for running background, credit and income on a potential tenant. Also, collect the credit screening fee in cash, Cashier's check or Money Order at the same time. A landlord credit check helps determine if you're likely to pay rent. Be skeptical of anyone who asks you to waiver from your movein policies, offers cash up front or wants the keys before the paperwork is executed. Get access to direct deposit forms, automatic bill payment forms, and loan management from BMO. Before you fill out a rental application, check your credit report to ensure accuracy. Your credit history gives your landlord an idea of whether you manage money responsibly, but it's not the only factor a landlord looks at. The applicant is subject to a soft credit check—this will not affect the applicant's credit history.