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Is Approved application binding?

The lease agreement or contract offered by the landlord once the application has been approved is a legally binding document. It becomes legally binding once it is signed by the applicants and landlord.

Do you need a rental license in Massachusetts?

There is no licensing requirement for landlords in the Commonwealth of Massachusetts, but there are a number of rules and regulations that would-be landlords need to adhere to in order to prevent penalties from enforcement agencies or through tenant action.

Do I need a real estate agent to rent in Boston?

Without a real estate agent or service, you can find an apartment through sites like Facebook housing groups, Facebook marketplace, and Craigslist.

Is a rental offer binding?

Is making an offer on a rental legally binding? Making an offer on a rental property isn't legally binding. If for any reason you need to withdraw the offer placed (written or verbally), you can do so as long as you haven't signed the rental agreement.

What are credit references on a rental application?

Credit references are documents that show the credit history of loan applicants and are also often used to support rental applications. The information on a credit reference shows an applicant's credit history so that lenders and landlords can determine whether an applicant is likely to make timely payments.

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What does it mean when a landlord accepts your application?

This means reaching out to your employer, accountant, university etc to confirm your employment status and income. Most referencing companies will also complete a credit check to see if you have any outstanding debts or poor credit history.

What should I put for credit references?

Credit references should be businesses that can provide positive details about a financial relationship you've maintained. For example, credit references may include a bank that you have a credit card or loan with, a company whose bills you regularly pay, or even previous landlords.

What is a creditor on rental application?

A creditor is someone who loans or is owed money. Creditors include banks and credit card companies.

Who should I put as a credit reference on rental application?

A credit reference can be anyone who has given you credit or otherwise had a financial relationship with you. Examples might include your credit card company, local bank, investment firm, previous landlord or a local business that gave you a payment plan.

Is Approved application binding?

The lease agreement or contract offered by the landlord once the application has been approved is a legally binding document. It becomes legally binding once it is signed by the applicants and landlord.

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Is Approved application binding?

Do you need a rental license in Massachusetts?

Do I need a real estate agent to rent in Boston?

Is a rental offer binding?

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What does it mean when a landlord accepts your application?

What should I put for credit references?

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