You will have to provide some documentation along with your rental application. Here we explain you the entire process.
Your landlord must verify your income in order to approve you and you must complete a form accompanied by the following list of documents.
Before you sign a rental contract and move into a house or apartment your landlord must approve your application. You’ll need to provide some documentation with your rental application. Depending on your landlord’s policies, you may also need to bring your W-2 and bank statements. Also be prepared to provide your Social Security number, driver’s license number, financial account information, work history and rental history.
Your potential landlord will need to verify that you have a steady income to cover the monthly rental fee. Be prepared to provide your three most recent pay stubs and your employment history and provide contact information for past and current employers. Landlords sometimes contact a potential tenant’s place of work to verify employment status. It is recommendable obtaining a verification letter ahead of time from your employer.
Landlords feel more comfortable approving your application if they know you’ve been a good tenant in the past. Sometimes landlords will require contact information for all the landlords from your past two to three rental years.
For rent near me! Typically, you’ll be required to provide rental references on your application, so be ready with at least three personal contacts, their full names, e-mail address and phone numbers, and let them know that they may be contacted by your prospective landlord.
Regarding the security deposit, the landlord will require a security deposit. A security deposit may be used toward property damages. Security deposits are held from the start through the conclusion of a rental period. Typically, a security deposit will be equal to one monthly rental payment.
However, the required deposit may depend on your credit strength or the property management policies.
For rent near me! A background check will be required before you can rent a house. Landlords may check an applicant’s credit report as well as police or criminal history prior to approving a rental application.
If an applicant has a history of violent or destructive behavior, a property manager may decline the rental request. A landlord looks for a tenant who shows responsibility for his/her personal behavior and financial obligations since the home is an asset under the landlord’s name and credit.
It is very important that you bear in mind that you shouldn’t go out looking for properties to rent if you do not have all the necessary documentation and a deposit check or money order. Since if you do not have all the documents you can find the property you want to rent but by the time you get the documents, the property may have already been rented to another interested tenant.
Below there is the list of documents you should have ready before going out to looking for rental properties:
* Deposit check or Money Order
* Driver license (of all adults that will be living in the property)
* Social Security (of all possible occupants)
* Bank Statements (3 most recent)
* Pay Stubs (3 most recent) or Income Tax
* Current landlord recommendation letter
* Child Support (If applicable)
* Employer verification letter
* Three personal contacts information
* Credit report
* Criminal or Police Background
* Application of occupancy
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