Save Standard Rental Application

Aug 6th, 2022
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How to Save Standard Rental Application

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In this video, real estate agent Claudia Flores shares tips on how to improve your chances of getting approved for a rental home in Houston. She emphasizes that landlords typically look for three key factors: income, credit, and criminal record. Specifically, she highlights the importance of income, stating that most landlords require applicants to prove they earn at least three times the rental amount. For example, if the rent is $1,000, you must demonstrate a monthly income of at least $3,000. Failing to meet this income requirement or unable to provide proof can lead to application declines.

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Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.
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What information can landlords require from potential tenants? Source of income versus level of income. Denying tenancy or enforcing a term or condition on a tenant because of the persons source of income is discrimination. Rent-to-income ratios. Credit checks and references. Co-signors.
Is a new tenant required to provide their Social Insurance Number (SIN)? It cannot be a mandatory requirement for a new tenant to provide the landlord their SIN, landlords can ask but they are not obligated to provide it.
A standard rental application is an information sheet that landlords give to applicants to fill out. The applicant will then need to add their relevant information and return it to the landlord if they want to be considered for the suite. The application is an overview of the suite.
A landlord can ask for your SIN, but under the law, you do not have to give the landlord your SIN. The landlord can use other ways to perform a credit check. For example, the landlord could ask for your full name and your birth date.
After a freeze on all rent increases for 2021, and a slight 1.2% increase in 2022, the Ontario government announced a 2023 Rent Increase of 2.5%. Landlords can raise rent if they gave tenants at least 90 days written notice using the correct landlord form, an N1, Notice of Rent Increase.
Your SIN is confidential. Do not use it as identification or provide it for job applications, rental applications, etc. In the wrong hands, your SIN could lead to: an invasion of privacy.

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