What Is A PTSR?

A TenSight PTSR is a Portable Tenant Screening Report for renters. Unlike other background reports, the same PTSR can be used to apply to multiple rental properties without additional cost.

In the past, applying to rent an apartment or house meant that you and every adult in your group had to pay application fees of $30-$85, go through a background and credit check, and share a lot of personal information. This had to be done for each property you applied to, and all without any guarantee of approval. The passing of Colorado House Bill 23-1099, which created the laws governing PTSRs, has made this process easier for both tenants and landlords.

Here’s an overview of its key benefits:

For Tenants:

1. Easier Applications: Tenants can obtain a single PTSR, allowing them to share their rental history and credit information with multiple landlords, without having to fill out separate background check forms each time.

2. Reduced Costs: Landlords are prohibited from charging application fees to tenants who provide a PTSR, and they are not allowed to charge a fee for accessing it, either. You pay once for a PTSR, and can use it unlimited times for 30 days.  

3. Greater Control Over Your Personal Information: Tenants have the right to review their PTSR and landlords must be authorized by the tenant before they can access it. This allows tenants to ensure the information is accurate and up-to-date before a landlord receives it.

For Landlords:

1. Reduced Labor: Landlords are required to accept PTSRs from applicants, but tenants are not the only ones who benefit from this. Tenants providing their own PTSRs have done the work of obtaining a background report for you, including accurate entry of their personal information, and correcting any verifiable errors directly with us.  

2. Reduced Costs: Tenants pay for their own PTSRs up front, which removes the need to process application fees, handle them according to law, and provide refunds if an application is denied or a tenant changes their mind. 

3. Reduced Liability: Tenants assume all liability for the accuracy of the information they provide to us, and are also responsible for verifying that the resulting reports are accurate and up to date to the best of their knowledge. If there is an error in the report, it is usually corrected before it reaches your desk, eliminating a potential source of accidental discrimination liability.