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Some red flags, like evictions or a low credit score, are obvious. Others are more subtle, requiring careful review by the landlord or property manager. Rental application red flags range from inconsistencies on the rental application to having an unrealistic move-in timeline.
A lease or rental agreement sets out the rules landlords and tenants agree to follow in their rental relationship. It is a legal contract, as well as an immensely practical document full of crucial business details, such as how long the tenant can occupy the property and the amount of rent due each month.
Sometimes referred to as In-Place Rent, Contract Rent is the rent being charged/collected on existing leases at a property. In contrast to Market Rent, contract rent is not based on market conditions but rather is based on the lease contract signed between the landlord and tenant.
Generally, landlords and property managers are looking at factors like: Income and employment stability. Rental history. Creditworthiness. Background checks. Pets and additional factors. Consistency and long-term plans. Complete and accurate application. Meets lease requirements.
Ask questions about the applicants rental history, including length of tenancy, rental payments, and whether there were any complaints or problems. Request a reference from the applicants current landlord. Verify that the information provided by the applicant matches the information provided by the references.
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A lease is a legal, binding contract outlining the terms under which one party agrees to rent property owned by another party.

rental application in spanish pdf