Before filling out an application, please review our list of applicant qualification criteria below
RENTAL APPLICATION FOR TENANCY
Once you have found the flat you want to move forward with, you will need to fill out an Application for Tenancy form.
What does a rental application include? It basically asks who you are, where you work, where you currently live, and some other generic questions.
PROPERTY VIEWING
All applicants should tour the interior/exterior of the property in person.
PHOTO IDENTIFICATION
All applicants must show current/valid government-issued photo identification. Any of the following forms of identification are acceptable: driver’s license, passport or government-issued ID.
GENERAL APPROVAL REQUIREMENTS
Approval requirements differ depending on the landlord and/or on the building. The following are general guidelines that apply in most instances.
VERIFIABLE INCOME
Prospective renters need to prove their financial stability, employment history and provide references in order to secure an apartment.
Gross monthly income of the combined applicants must be three times or more the monthly rent plus administration costs of the apartment. Your proof of income can be provided in one or more of the following formats:
- paystubs (No older than the last 3 months; Must include applicant name, employer name, and pay period)
- employer contract or offer letter (must be on employer letterhead with applicant name and compensation summary included)
- Self-employer(s): Please provide bank statement of the last 3 months (must show name of bank, account holder name, statement date, summary of deposits and balance) AND tax records for the previous year.
POSITIVE RENTAL HISTORY
Good references, housekeeping, and property maintenance from your previous Landlords.
Lease Agreement and Move-in process
LEASE SIGNING
Once your application has been approved, you will receive your lease agreement by email within 1 business day. You will have 48 hours to review the lease and provide the funds towards the security and/or the first-month rent (or whatever your unique, specific arrangement might be).
MOVE-IN CHARGES and SECURITY DEPOSIT
Move-In Charges include First Month Rent, first month common charges and Security Deposit.
Generally, landlords require 6 weeks of rent as security deposit. In cases where, the landlords deem your application not strong enough, they might give you an option to put more towards the security deposit.
Pls note that there is an Animal deposit in addition to security deposit.
The security deposit is usually paid in cash at the date of signature of the lease contract.
RENTERS INSURANCE
Renter’s insurance is a requirement for leasing with To Be Rent.