The Rental Application
You’re about to let a complete stranger live in your property for a year or more. Although you can’t get to know a person thoroughly from asking a few questions, the rental application is an absolute must-do before proceeding with any prospective tenant. This shows the tenant you’re serious about the screening process, makes you appear more professional and, of course, gives you more information on the tenant before handing over a lease agreement and ultimately the keys to your property.
You can certainly print out the Rentalutions rental application to use with your tenants or even use our online rental application process. But what’s important is to include enough questions to get a sense of the tenant’s prior rental history and enough reference information to follow up with prior landlords.
If creating your own application, you should request, at a minimum, the following information on your rental application:
- Names of other adults who will be living in the unit (each should have completed an application)
- Current/Prior Employers for 5 years of history
- Current/Prior Landlords for 5 years of history
- Authorization to pull a credit report and criminal history check
Be prepared to request and evaluate applications from each adult that will be living in the unit. It’s important to look at each individually because they will all be responsible for paying rent and being a considerate resident. If one of them falls behind on rent, it will be up to the other residents to carry the extra burden, and it might be difficult to assess whether they will be capable of this or not. Therefore, you should screen each tenant individually and make an assessment whether each and every tenant to be on the lease can meet the rent requirements and comply with the rules and regulations.