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A rental application is a form utilized by landlords to screen potential tenants for a rental property. It gathers personal information from applicants and typically grants consent for background checks and consumer report access. This video outlines the reasons landlords should use rental applications, what essential elements to include, associated fees, and red flags tenants should be mindful of. It emphasizes that rental applications not only collect data for credit checks but also help landlords filter out less serious applicants and ensure that candidates can reliably afford rent. Additionally, viewers are encouraged to download a rental application template and subscribe for more content from e-forms, the largest database of legal documents.