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A rental application is a form utilized by landlords to evaluate potential tenants by gathering detailed personal information. It typically allows consent for background and consumer report checks. This video discusses the importance of rental applications for landlords, what to include in an application, associated fees, and potential red flags for tenants. It emphasizes that rental applications not only gather necessary information but also help filter out less serious applicants, ensuring that the prospective renter can reliably afford the rent. Viewers are encouraged to download a rental application template and subscribe for more content from e-forms.