oboloo Glossary

Lease Verification

oboloo Glossary

Lease Verification

Lease Verification is the process of confirming that a tenant has an active lease agreement with a landlord or property management firm. It helps to ensure the legitimacy of the tenancy and protect the rights of both parties involved. The verification can include a review of the terms and conditions of the lease, current payment status, occupancy status and legal obligations of the tenant. Lease Verification also serves to reduce risks for landlords and property managers by confirming that tenants are qualified and suitable for their rental properties.