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A rental application is a crucial form for landlords to assess potential tenants, gathering detailed personal information and consent for background checks and consumer reports. This video outlines the importance of using rental applications, key components to include, associated fees, and warning signs applicants should watch for. It emphasizes how rental applications help filter out less serious candidates and provide landlords with confidence in the applicant's ability to afford the rent consistently. Viewers are encouraged to download a rental application template and subscribe for more information from e-forms, the largest legal document database.