Mandatory Rent Reporting Option

Turn Past Rental Payments into Credit Success with AxcessRent

Who Must Comply?

  • Landlords must offer rent reporting to all tenants under lease agreements.
  • Applies to new leases starting April 1, 2025, and existing leases by April 1, 2025.
  • Offers must be made annually thereafter.

Tenant’s Right to Choose

Turn Past Rental Payments into Credit Success with AxcessRent

Who Must Comply?

  • Rent reporting is optional —tenants can opt in or out at any time.
  • If a tenant opts out, they must wait six months before opting back in.

Transparency & Fair Pricing

Turn Past Rental Payments into Credit Success with AxcessRent

Who Must Comply?

  • Landlords may charge up to $10 per month or the actual cost incurred.
  • If there’s no cost to the landlord, the service must be offered free of charge .
  • Late fees or nonpayment of the rent reporting charge cannot impact a tenant’s lease .

Exemptions

Turn Past Rental Payments into Credit Success with AxcessRent

Who Must Comply?

  • Small landlords (15 or fewer units) are exempt unless they own multiple buildings under certain business structures.
  • Assisted housing developments are also exempt.
Tenants Receive an Offer

Landlords send opt-in forms via email or mail.

Tenants Opt-In

Sign and return the form to begin rent reporting.

Rent Payments Get Reported

Timely payments are submitted to credit bureaus.

Credit Scores Grow Over Time

Tenants see gradual improvements in their credit profiles.

Option to Opt-Out

Tenants can stop reporting anytime and rejoin after six months.

  • Effortlessly stay compliant with AB 2747
  • Encourage on-time payments with a credit-building incentive for tenants.
  • Attract and retain quality tenants who value financial growth.
  • Reduce delinquencies by fostering better tenant financial responsibility.

Frequently Asked Questions

AB 2747 California is a new law requiring landlords with 15 or more residential rental units to report tenant rent payments to major credit bureaus if the tenant opts in. Starting April 1, 2025, this law aims to help tenants build credit by paying rent on time while introducing new responsibilities for landlords.

Yes, landlords can charge a fee for rent reporting under AB 2747 California , actual cost of reporting from AxcessRent—whichever is lower. This ensures tenants aren’t overburdened while allowing landlords to recover expenses.

No, AB 2747 California only applies to residential leases. Short-term or vacation rentals, such as those listed on platforms like Airbnb, are exempt from the law.

Failure to comply with AB 2747 California could result in legal penalties, tenant lawsuits, or reputational damage. Landlords who own 15+ units must ensure they meet all requirements by the April 1, 2025, deadline to avoid these risks.

AB 2747 California was created to promote financial inclusion by helping renters build credit through on-time rent payments. Lawmakers recognized that rent is often the largest monthly expense for many Californians, yet it rarely contributes to credit scores. The law aims to:

  • Encourage timely rent payments, benefiting landlords.
  • Help tenants establish credit history.
  • Improve access to loans, mortgages, and future rentals.

The law applies to landlords with 15+ residential rental units in California AB 2747 . Property management companies managing qualifying properties. Smaller landlords with fewer than 15 units are exempt from mandatory reporting but can still offer it as an optional service.

If a tenant disputes a late payment reported under California AB 2747 , landlords must verify their records and correct any errors with the credit bureau. Maintaining accurate and detailed payment records is crucial to resolving disputes quickly and avoiding legal issues.

Yes, tenants have the right to opt out of rent reporting under California AB 2747 at any time. However, if they choose to opt out, they must wait six months before opting back in. This rule prevents frequent toggling between participation and non-participation.

Landlords can prepare for California AB 2747 by:

  • Researching third-party rent reporting services like RentTrack, PayYourRent, or Esusu.
  • Updating lease agreements to include rent reporting disclosures.
  • Notifying current tenants about their rights and options under the law.
  • Training staff to handle tenant questions and disputes related to credit reporting.

While AB 2747 California introduces new responsibilities, it also offers benefits for landlords, including:

  • Improved tenant payment behavior due to credit incentives.
  • Stronger tenant retention and satisfaction.
  • Enhanced reputation as a forward-thinking landlord committed to tenant empowerment.

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