Renting Out a Home: The Application Process

Author: James Adkins

In a housing and property marketplace currently saturated with high prices, legal forms, and tenant responsibilities, the renting process can seem daunting to prospective tenants and landlords alike. The situation, however, doesn’t have to be intimidating or stressful. By following the following criteria, you will be able to make the best out of your application or acceptance process.

Applicants
As a prospective tenant, your possibilities of renting your desired house will be based upon your application, and a background-check that the renting agency or landlord will conduct. It is essential that you fill out the form thoroughly and honestly, and that for your credentials, you list individuals that will portray with integrity and in a positive light. Most applications will be accompanied by a small fee, which you will have to pay before your application is processed.

For the background check, you mustn’t try to hide or conceal any legal or personal history that could change the landlord’s mind. While it is tempting to cover up any information that could affect your application, it is invariably better if you are honest.ย 

After you have submitted your application, you will likely be contacted soon after by the landlord. They will inform you whether they have decided to accept you as a tenant or if they have chosen to decline your application. If several weeks pass and you do not hear from the landlord, you could contact them or their agency. Do not obsessively or repetitively contact them. Refrain from tones of impatience or discontent when speaking to the landlord or agency about their rental decisions.

Landlords
As a landlord, you will require all of your prospective tenants to fill out an application and pay a small fine. This process can be managed on your own or in tandem with a property agency. Upon receiving a request, you should contact their previous landlord and/or their current employer. This will help you to determine their credibility, work ethic, and personality. You can come to a final decision on your tenant with the help of an agency and the information they provide from background checks. The choice, though, is ultimately up to you. After you select an applicant, you should immediately notify them and close the application process.

In the unlikely event that a disgruntled applicant wishes to contact you, it is advisable to direct them toward your property agency. If you are managing the process on your own, keep contact limited and decline further discussion if they become increasingly persistent.

While agencies are useful in providing further background information about your applicants, they cannot ensure the entire credibility of the tenants and guarantee their genuineness. You and your agency cannot guarantee perfect outcomes when it comes to renting property, but this application process will guide you in finding the best applicants.

Related Post