Would you let a complete stranger stay in your house? Probably not, and neither would your potential landlord. That’s why you need to provide thorough personal information when searching for your ideal apartment. After all, who would you choose? An applicant who is organized and has all their financial and personal details in order, or someone who is too busy to provide the required documents? You get the idea.
So, what do you need to rent an apartment? Keep this information handy as you search for your dream home:
Proof of Identity
You should have proof of identity such as a driver’s license, state ID, passport, or green card for your apartment rental that confirms who you are and where you live. It’s also a good idea to have your social security number available.
Proof of Income
Landlords need assurance that you can pay your apartment rent. Please have copies of your last three pay stubs ready. If physical proof is not available, ask your employer to provide hard copies for your apartment application. Another acceptable way is to provide a bank statement with salary deposits highlighted; including a resume also shows your commitment to keeping your job. Landlords typically reject tenants whose rent exceeds 30% of their income for an apartment.
References
Before applying for an apartment, contact reputable friends, coworkers, supervisors, fellow volunteers, or former landlords for references. Contact information for references is helpful, but submitting them in writing gives you an edge and shows the property manager that you are confident.
Vehicle Registration and Proof of Insurance
Showing current vehicle registration and proof of insurance lets the landlord know what vehicle you will be using on the property and further confirms your accountability and good standing.
Rental History
If you have a good relationship with a previous landlord, show it. In either case, the application may ask for past rental information such as address, phone number, rent, length of stay and reason for leaving.
Credit Report
Whether you are a first-time renter or a seasoned renter, your landlord may ask for a credit score to confirm that you are financially responsible. A bankruptcy, eviction, foreclosure, or outstanding loan on your credit report may be detrimental to your ability to obtain a new residence.
Deposit
This upfront fee serves as a financial cushion against accidental damage to the unit. In addition, the landlord will usually require you to pay the first and last month’s rent along with the security deposit. Keep in mind that each resident is required to pay a separate security deposit. Keep your apartment safe and your deposit will be refunded when you leave.
Checkbook
Bring your checkbook with you when you meet with your landlord or tour the property in case you need to pay a fee to reserve your dream apartment before completing the application process.
Presenting these documents in advance will help the landlord quickly review your rental history and personal information. This will increase your chances of finding a new place to live and make the whole process less stressful.
