In short, it is simply a snapshot of your credit history that the landlord can refer to in order to decide whether or not you would be a suitable tenant. Since your credit score is a real-time assessment of your financial health, it is an indicator of the risk you represent in comparison to other prospective tenants. Therefore, it is vital that you continuously work towards maintaining a high credit score.
  Your credit report may contain the following financial information and more:
<ul>
<li>
Insufficient funds payments, bad cheques, money owing or fraud, bankruptcy.
</li>
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Credit used such as credit cards, retail or store cards, lines of credit and loans, and debts that have been sent to collection agencies.
</li>
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Requests for your credit report in the past three years.
</li>
</ul>Your credit report will also list some facts regarding your credit history such as:
<ul>
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The date your account was opened
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Your owing amount
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Whether payments were made on time
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Missed payments
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Whether your debt has been transferred to a collection agency
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Whether you surpassed your credit limit
</li>
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Personal information that is available in public records, such as a bankruptcy
</li>
</ul>Although some banks provide credit scores via online banking, your full credit report must be obtained from<a href="https://www.consumer.equifax.ca/home/en_ca" target="_blank" class="intercom-content-link"> Equifax.ca</a> or<a href="https://www.transunion.ca/" target="_blank" class="intercom-content-link"> Transunion.ca</a>.

What is a Credit Report?

A letter of employment is a reliable form of verification provided by a third party, your employer, often required by landlords as part of the rental application. The letter is meant to state details regarding the tenant’s employment arrangement, such as their date of employment and salary. The letter must be signed by an authorized representative of the tenant’s employer or the employer themselves.

What is a Letter of Employment?

This document is probably one of the most important documents in the entire rental process. Filling this out completely and in detail will allow the landlord to get to know you and understand why you would be a good fit for their home. The rental application requires information regarding your: 
<ul>
<li>
Employment
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<li>
Income
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Current address
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References (previous landlords, friends, etc.)
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Government-issued ID 
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</ul>Depending on the landlord/agent, additional information may be required. This compilation of information gives the landlord a better understanding of the tenant's financial standing and lifestyle. 
Below is a free download of the Ontario Real Estate Association’s Rental Application Form: 
<a href="https://app.hubspot.com/documents/4703646/view/28227038?accessId=dc2ba8" target="_blank" class="intercom-content-link">Rental Appliction</a>

What is a Rental Application?

A post-dated cheque is a standard negotiable cheque that is written by the tenant for a date in the future. Post-dated cheques are commonly written out to the landlord or the property management for the upcoming months of rent. The cheque amount will only be withdrawn on the future date that you have written. 
For example, that your rental period starts on June 3rd, 2018 and you have already paid the first and last months’ rent. You would date the cheques for the upcoming unpaid months of June, July, August, etc... until April 2019 since May 2019 (your last month) has already been paid. Your first post-dated cheque should be dated July 3rd, 2018, which is your second month of rent.

What are Post-Dated Cheques?

If you’ve rented a property before, you should be able to obtain a reference letter from your previous landlord or property management company. The reference letter would outline your ability to sufficiently carry out your rental obligations, such as payment of rent, adherence to tenancy agreement, and upkeep of property.
You can download a sample reference letter here: 
<a href="http://www.hpw.qld.gov.au/SiteCollectionDocuments/Renting/RentalReferenceTemplateDetailedLetter.doc" target="_blank" class="intercom-content-link">Landlord Reference Letter</a>

What is a Landlord Reference Letter?

Also know as a payslip, pay stub, or pay-check stub. It is a document that an employee receives, either as a notice that the direct deposit transaction has gone through or as a physical stub attached to their pay-check, that acts as a paper trail for validating payments.
This helps the landlord further reassure that the applicant is in fact employed and receiving compensation.

What is a pay stub?

A bank statement, or proof of equity, is a record of the balance in your bank account. It is issued periodically via online banking or by mail and can be requested by you at your bank. This information reassures the landlord that you are in possession of the required funds to pay the rent for the property as agreed upon.

What is a bank statement or proof of Equity?

We accept valid government issued photo ID, such as:
– Drivers License
– Passport
– Citizenship Card

What type of documents are accepted as a Photo ID?

If you are unemployed and cannot provide a Letter of Employment, your Proof of Income can be any of the following up-to-date documents: 
<ul>
<li>
 Bank Statements (shows deposits from your income source ideally over 90 days)
</li>
<li>
Investment Income Statement
</li>
<li>
Child Support Agreements
</li>
<li>
Income Assistance (Statement of Assistance)
</li>
<li>
Student Loan Statement / Proof of Deposit
</li>
</ul>