“Do agents have the right to ask for bank statements during the application process?”
The rental application process is key to securing your new property. Landlords prefer to have a tenant who has a reliable and constant income source, so significant scope is placed on your ability to pay rent.
You won’t always be asked to provide a copy of your bank statements, but don’t be surprised if it’s requested as part of your application.
Adding a bank statement to your application can help prove employment and allay any fears a landlord has over missed payments.
Bank statements can also verify that the payments you receive go into a bank account in your name.
Agents are governed by the Privacy Act 2000, which means they’re only allowed to use your bank statements for this purpose. They will treat all your details as confidential.