What does occupancy mean on a rental application?

occupancy, tenancy(noun) an act of being a tenant or occupant.

What is a co applicant on a rental application?

Some management companies I talk to refer to a co-applicant as a person that will be living in the rental unit but not necessarily responsible for paying the lease. Examples might be a significant other, adult child, roommate, etc. A guarantor is a term used a lot in student housing screening.

Do a co applicant need good credit for an apartment?

Look for a High Credit Score Some landlords will accept a co-signer with a score of less than 700. You should ask what credit score he would like the co-signer to have so you make sure to bring him what he wants.

How does a co applicant work?

A loan with a co-applicant is like a partnership, in which the credit and assets of each applicant count for the loan approval. Co-applicants give the lender two chances to collect on the loan because it can pursue either the applicant or co-applicant for payment.

Is a co signer the same as a co applicant?

How They Differ. One difference between a co-applicant and a co-signer is responsibility. While payment obligation is immediately split between a co-applicant and primary applicant, co-signers are only responsible for paying if the borrower defaults on the loan.

What is tenant occupancy?

(plural tenancies) The occupancy of property etc, under a lease, or by paying rent. The period of occupancy by a tenant. The property occupied by a tenant.

Who is considered an occupant?

An occupant, on the other hand, is someone 18 years or older other than the tenant or the tenant's immediate family who lives on the premises with the consent of the tenant. There is no legal relationship between the occupant and the landlord.

What's the difference between a tenant and an occupant?

If the owner maintains control, then the person is more likely to be an occupant. If the owner gives up control of the premises, then the person is more likely to be a tenant. ... It is not just a matter of what the agreement is called, or what type of agreement the owner intended.

What is non occupancy tenant?

tenant holding under a tenant other than permanent tenure holder or fixed rate tenant. The interest of such tenant extinguishes ... terms in Oudh, ex-proprietary tenants, occupancy tenants and hereditary tenants are non-occupancy tenants."

What does use and occupancy mean?

A use and occupancy agreement - sometimes referred to as a U&O - is a temporary agreement between the buyer and the seller that allows one party the right to use and occupy the property for a set period of time. It's usually put in place if the buyer needs to move into the property before ownership can be transferred.

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Rental Application Please PRINT dark and clearly in black ink One person per application I hereby make application to rent to be used as a dwelling unit. Your Information Full legal name Phone number First Middle Last Social security number Date of birth mo Driver s license Current Address State issued Apt Zip State Address City Landlord s Name Landlord s Phone year Previous Address day Reason For Moving Monthly Rent When did you move in out Do you rent this residence Is your name on the lease Have you given written notice to leave o Yes o No Did you give written notice to leave Your Current Employment Name of employer Your position Your start date Employer s phone number Your supervisor Your Personal History Have you ever been asked to move out or evicted declared bankruptcy been sued for damage to a rental unit Your Vehicle Make o Gross o Net Monthly Salary broken a rental agreement or lease been sued for nonpayment of rent been convicted of a felony Model Color License Plate Number Other Residents List the legal names and ages of ALL other people who will occupy this unit. Names Ages In Case of Emergency Emergency Contact Phone Please Read Carefully I hereby state and represent that the information in this application is complete and accurate. Your Information Full legal name Phone number First Middle Last Social security number Date of birth mo Driver s license Current Address State issued Apt Zip State Address City Landlord s Name Landlord s Phone year Previous Address day Reason For Moving Monthly Rent When did you move in out Do you rent this residence Is your name on the lease Have you given written notice to leave o Yes o No Did you give written notice to leave Your Current Employment Name of employer Your position Your start date Employer s phone number Your supervisor Your Personal History Have you ever been asked to move out or evicted declared bankruptcy been sued for damage to a rental unit Your Vehicle Make o Gross o Net Monthly Salary broken a rental agreement or lease been sued for nonpayment of rent been convicted of a felony Model Color License Plate Number Other Residents List the legal names and ages of ALL other people who will occupy this unit. Names Ages In Case of Emergency Emergency Contact Phone Please Read Carefully I hereby state and represent that the information in this application is complete and accurate. I understand that in the event a lease is entered into it may be cancelled by the Landlord if any of the information provided in the application is materially inaccurate or incomplete. I hereby authorize the Landlord or Landlord s agents to verify the information on the application* Verification or re-verification of any information contained in the application will be retained by Landlord. I hereby authorize Tenant Data Services Inc* to obtain information about me including but not limited to this application my credit my tenant history my check writing history any court records and/or my criminal record and I hereby authorize instruct any entity or person contacted by Tenant Data Services Inc* or the Landlord or Landlord s agents to release such information to them* Upon request Landlord Landlord s agents or Tenant Data will provide the name phone number of the source of the information used in the verification process. .

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