The Residential Rental Lease Application is a formal document that allows potential tenants to apply for a rental property. This application is designed for landlords to assess prospective tenants based on provided information and disclosures. Unlike basic rental inquiries, this comprehensive document includes necessary background checks and authorizations for landlords to verify an applicant's credit and criminal history.
This form is typically used when a landlord is seeking to lease a residential property and requires potential tenants to provide information for evaluation. Use it when you have identified a rental property and are ready to formally express your interest through a complete application.
This form usually doesn’t need to be notarized. However, local laws or specific transactions may require it. Our online notarization service, powered by Notarize, lets you complete it remotely through a secure video session, available 24/7.
Ask for their current employer's name, their start date, title, and monthly pre-tax income. Ask the applicant if they can meet the income requirements of making three times the rent and if they can provide proof of income via pay stubs, bank statements, tax returns, or a new job offer letter.
If you're thinking of renting out your property, or you're a tenant, and the current owner doesn't already have an agreement drawn up, it's possible to create your own rental contract.
Names of all tenants. Limits on occupancy. Term of the tenancy. Rent. Deposits and fees. Repairs and maintenance. Entry to rental property. Restrictions on tenant illegal activity.
Terms. The lease should state the length of the agreement. Rent. The amount of rent and when it is due. Deposits and fees. The names of all tenants. Occupancy limits. Restrictions on disruptive activity. Pets. Maintenance and repairs.
The lease agreement or contract offered by the landlord once the application has been approved is a legally binding document. It becomes legally binding once it is signed by the applicants and landlord.It also explains what items the landlord is responsible for and what the tenants are responsible for.
Collect each party's information. Include specifics about your property. Consider all of the property's utilities and services. Know the terms of your lease. Set the monthly rent amount and due date. Calculate any additional fees. Determine a payment method. Consider your rights and obligations.
As long as the contract spells out specific details and both parties have signed that they agree to the contract's terms, a handwritten contract is legally binding and enforceable in court.
A lease serves as a binding, legal agreement between the property owner and the tenant. As such, it is very important to make sure it thoroughly addresses the rules, policies, and conflict resolution procedures for living in the rental property, and clearly defines tenant and landlord responsibilities.
Mostbut not allstates require the lease to be in writing to be considered valid. Among the states that require written leases, valid ones must include a description of the property. The property's physical address is considered a valid description. Leases must include starting and ending dates.