The Rental Process Information Source.. "The Application Form"
The Application Form is a basic requirement for the rental process. Once the Rental Application Form is completed, you may save a copy which could be sent to multiple Landlords if needed. The Background Check is optional and the request is made by the Landlord. Similarly, a completed Background Check report can be used for multiple Landlords depending on the validation expiration date.
How To Fill A Residential Tenant Application
A rental application is an important step in the rental process. It helps a landlord determine whether a prospective tenant is a good fit for his or her property. To fill out an application, you will need to gather all of the required documents and information. Most applications take about 24 to 72 hours to process.
Landlords will ask you for a variety of personal information. This includes your driver’s license number, your social security number, your current and past addresses, and your income. If you’ve never lived in a home before, you may be asked for a letter of recommendation or a co-signer. These are helpful ways to show the landlord that you’ll take care of the unit.
You’ll also need to provide information about any recent criminal charges, including felony convictions. Whether or not you’ve had previous convictions, it’s a good idea to have your records on hand, so you can explain any issues to the landlord. While a criminal record is not a requirement for renting, it does increase the risk of your rental application being denied.
Another thing that you’ll need to provide is your employment history. Landlords will want to know if you’re currently working, and if you’ve been working for some time. The more stable your employment, the more reliable you’ll be in paying rent.
Some landlords require tenants to earn at least three times the rent. If you’re on a tight budget, you can use a co-signer, a family member or friend who will cover your rent if you don’t have the income to cover it. In general, however, it’s a good idea to pay at least one-third of your monthly gross income to rent.
You’ll also need to provide your credit information, which will help your landlord learn more about your financial habits. Typically, you’ll be required to submit a W-2 form or pay stubs, but some landlords will also require bank account numbers. Your landlord may choose to do a background check on you, and that will require a social security number.
Finally, you’ll need to fill out the application with your contact information. This includes your employer’s contact details. Your landlord may also want to know about your emergency contacts. Once you’ve completed your application, you’ll need to pay a fee. Depending on the state, fees can range from $25 to $100. Although these fees are not refundable, they are used to fund background checks. They cannot exceed the actual costs of the background check.
Using a co-signer can make the application process easier. Landlords can verify your income and current job with a background check, as well as your eviction history. However, it’s worth noting that a co-signer does not mean you’re automatically approved. Before you sign the lease, you’ll need to have your new apartment inspected.
The rental application process can take a few days to weeks, depending on the size and scope of the property. When you fill out the application, be sure to include your contact information and all of your personal information.