The business of land-lording can be considered as a good form of investment because it allows you to earn profit minus the hassle of employing staff to manage your business for you. It is therefore crucial to protect your business from people who might not be able to pay their dues or, worse, cause damage to your property.
A rental application is a key element to profiling potential tenants who might be occupying your rental property. By letting your applicants fill out a rental application form, it will be easier for you to conduct a thorough screening and verification of their identity to determine if they will be good tenants or not. You can download our Sample Application Letters to help you get started on weeding out your potential renters.
Free Sample Rental Application Form
Sample Apartment Rental Application
Sample House Rental Application in PDF
Sample Rental Lease Application Form
Generally, landlords use a rental application form to conduct tenant verification or screenings. Rental applications usually include a consent clause that authorizes the landlord to conduct tenant verification prior to accepting an individual’s rental application. Below is a list of details that are necessarily asked in a rental application:
Rental applications typically include a portion where the applicant needs to provide details about his current employer and his income. The rule of thumb is that an applicant’s income has to be at least double or triple the amount of rent due to make sure that he has enough leeway to pay his rent. Another rule of thumb is that the applicant should have a stable job—one that he has had for at least six months because a stable job means a stable source of income.
A rental application also requires an applicant to provide details about his previous and current landlords, the year or specific dates that he stayed there, and the landlord’s contact information. Landlords can connect with previous landlords to check if an applicant is able to pay his rental dues on time or if the applicant has a history of eviction, causing damage to property, or gross misconduct.
Sample Rental Property Application
Tenancy Application Form in PDF
Residential Tenancy Application Form in Doc
In some states, peering into a tenant’s criminal records is considered illegal. Some states also disallow a landlord to use a person’s criminal record as a basis for rejecting a tenancy application. It is important that you check on the state laws prior to conducting tenant screening and verification on a person’s criminal record. You also have the option to incorporate this into your rental application to directly ask the applicant if he has a criminal record or has committed a felony.
As with criminal records, some states also ban landlords from conducting tenant screenings and rejecting applications based on a tenant’s credit history. By checking on a person’s credit history, however, a landlord will be able to determine if the applicant has the capacity to pay rent on time and if any underlying debt will make it difficult for him to manage his finances.
Rental applications need to include a consent clause that allows a landlord to peer into an applicant’s background or history. If an applicant refuses to give consent, other requirements can be given such as a certificate of employment or a copy of his recent payslip. Save yourself from the tedious process of having to construct a rental application on your own, you can simply download our Rental Application PDF or Apartment Rental Applications to help you save on time and money.
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