Wednesday, April 6, 2016

The Essentials Needed To Complete An Apartment Application

We all know the apartment search process can be very stressful and can often trigger a variety of emotions ranging from anxiety to confusion,even anger. After you find that perfect apartment, your next step will be to begin the application process. Having these three essential items readily available to your landlord during the application process will help you rest assured that someone else does not beat you to the apartment of your dreams.
1. Bring your checkbook.
Most landlords will screen a prospective tenant by requiring them to complete an apartment application. However, the application alone cannot determine a renter’s reliability.  Therefore landlords usually also run a background check and review your credit history. When you submit your application you will be required to pay an application fee, so have your checkbook handy. Many apartments will accept credit cards for your application fee, but they will likely charge a small fee for that service.
2. Don’t forget your photo identification.  
You will be required to verify your identity on your rental application, so make sure to bring your driver’s license. If you do not have a driver’s license then you will need another form of photo identification such as a passport, military ID, state issued ID.  Your potential landlord will likely use your official identification to review your rental history and help determine your creditworthiness.
3. Show proof of ability to pay rent.
Your landlord will want to verify that you have a job or the funds to pay the rent. You may need to provide current paystubs or bank statements during the application process to show that you can afford the apartment. It’s important to be honest when disclosing your financial information.  Remember most financial advisors recommend that your rent does not exceed 30% of your monthly income.  

Applying for an apartment can be lengthy, but having your application in order can help speed up the process.  Our licensed apartment locators can help you land the perfect apartment and navigate your application as quickly as possible.  They are knowledgeable of qualification requirements and are able to provide you with a list of apartment choices that fit your standards and criteria, ultimately saving you time and money on wasted application fees.


*A version of this article was previously published on Angie's List.