What Documents Are Needed for Renting a Home?
Like many financial obligations, renting a home requires references and credit checks. Landlords must thoroughly check the financial health and personal references of prospective renters to ensure the rent will be paid and that the tenant is responsible. Each landlord's requirements for documentation may vary; large apartment complexes may require more references and paperwork than a private residence owned by an individual.
Picture ID or Driver's License
A picture ID or driver's license is usually required to rent a home or apartment. This basic piece of identification proves to the landlord you are who you say you are. If you are applying at a large apartment complex and are accepted, you may be asked for your automobile's license plate number to ensure that all vehicles parked on the premises belong to tenants and are not simply abandoned or belong to neighbors outside who use the parking lot.
Completed Lease Agreement and Credit Report
You must fill out a lease agreement or application to rent. The application asks for basic information, such as your present and past addresses as well as your employer, date of employment and salary. With the completed application, the landlord or property manager will run a credit check, which you will have to pay for. This fee varies, but not uncommonly the landlord or leasing agent will charge $20 to $45 dollars for the application fee as of July 2011. Your credit report may list any late payments for rent or late payments for any other debts. The credit report is a good indicator of how financially responsible you are and how likely you will be to pay your rent on time.
Proof of Income
Your prospective landlord will likely ask for your most recent pay stubs, W-2s or bank statements. If you are self-employed, you may submit the past two years of your tax returns for proof of income. Depending upon the landlord or leasing company, it may also verify your employment with a phone call to the human resource manager at your place of business.
Considerations
If the new place allows pets, the leasing agent or landlord may ask for proof that you have spayed or neutered the pet and may ask for proof of current vaccinations if your prospective apartment building includes many tenants with animals. In a highly competitive market or a highly sought after apartment complex, you may need to write a personal letter, describing yourself or your family, to ensure that you are a good fit with the complex.
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