once this rental application has been completed by the tenant it should be returned to the landlord and along with the application fee. record the fee that must be submitted with this application to cover the cost of its review by the landlord or property owner. if not parking space will be available to the prospective tenant, then the “no” box should be marked. a valuable picture identification of the tenant is often considered to be his or her driver’s license. either the “yes” or “no” box must be selected to indicate if the applicant has declared bankruptcy in the past. naturally, the property owner or landlord will wish to make sure that the applicant will be able to pay the rent expected for the property.
the professional title held by the applicant at his or her previous place of employment should be delivered to this area. the physical address of the applicant’s current residence must be furnished to this application. the previous landlord of the applicant may be contacted as a result of this application. now that the second to last premises leased by the potential tenant has been defined, the full name of the landlord or property manager who participated in the second to last lease held by the applicant must be reported. to this end, a second area where the full name of the applicant’s second personal reference can be documented as well as the relationship held between this second personal reference and the applicant is included. the type of account held by the applicant should be disclosed with the above information. if the applicant is a california resident and wishes to receive a consumer report as a result of this application, regardless of whether the property owner or landlord intends on obtaining one for this application, then the second statement must be initialed by the applicant.
the landlord will commonly charge a fee to process the tenant’s information between $15 to $100 (depending on local and state regulations). the length of the process is determined by the credible demand for space and the landlord’s willingness to make a deal. the landlord’s best bet is to place the property online on a listing website. the landlord may also be able to view other like-properties and determine the asking rent in relation to others that are similar. now is the time for the landlord or their agent prepares to show the property to tenants. if the tenant chooses to apply, ensure to either get a completed application from them or their information.
after the landlord has reviewed the tenant’s credit and background information the decision to approve or deny the tenant should be immediate. according to nakedapartments.com, a landlord should require that the tenant’s income is more than 40 times the monthly rent. a co-signer is “co-signing” the lease as if it were their own. if the tenant is rejected the landlord should notify them immediately and give notice to the specific reason. a standard form should be used that is neutral to each of the parties outlining the obligations of the landlord and tenant. after the obligations of the tenant have been met, the landlord will be required to give access to the tenant on the first (1st) day of occupancy.
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