Be prepared before you enter into an Agreement.
April 23, 2020
Get the Knowledge of your Rights and Responsabilities
In many Cases it is important to take in consideration the steps and procedures before you enter into an Agreement to lease a property. There are many forms that you will need to be familiar with and Also your responsabilities and rights as a Tenant.
These are the Forms you need to know before you enter into an Agreement to Lease:
Agreement to Lease
Residential Tenancy Agreement (Standard Form of Lease)
It’s incredibly important to have all the necessary paperwork lined up ahead of time so that the application process runs smoothly, faster and for the Landlord to accept your offer.
Because Being prepared with the right paperwork often makes the difference between getting the property, getting beat out by a competitor, or simply rejected.
Keep this in mind,
if you want to add a Guarantor, They’ll Need to Provide Paperwork Work, Too
If you’re using a guarantor or plan on having roommates, they will need to provide the same paperwork. If the guarantor or occupant is self-employed, they’ll need to get a letter from their accountant stating their income.
Rental Paperwork Checklist
Your property manager or landlord will want to make a copy for his or her records. You can submit driver license, Permanent Resident card or passport.
A letter from your employer should state your annual income and how long you have been employed in the place you currently work.
Most apartment property managers and landlords ask for pay stubs from the last three months to confirm that you make as much as you say you do.
Your bank statement should demonstrate that you have enough money to pay rent.
Unlike a job application, it doesn’t have to be from your boss to say how reliable and responsible you are. It can be your former property manager or landlord, or a trusted friend that can confirm that you would be a good tenant.
Usually, property managers or landlords will ask for rental history – a list of all the units or houses you have ever rented. You should include information such as the addresses, the phone numbers of your former property managers and/or landlords, how long you were there, how much you paid and (if possible) why you left.
This is another way that to prove that you are discipline with your payments. Many Landlords would like to see what reflects in the Credit Report. This will give an idea of the other responsibilities of the tenant, and to calculate his/her expenses to prove that can afford the monthly payments.
If you are having your paperwork handy prior to your property search, this will help you land the property that you want and you will look prepared when you meet with the broker or leasing agent. If you bring the standard paperwork up front, you should be able to win against the competitors and get a quicker response once you put an offer. Some landlords require less than what is stated above, but it’s better to be over-prepared than under-prepared. , and it’s also a great way to start the relationship with your future landlord.
|410- rental application.pdf||57.59 KB|
|Residential Tenancy Agreement.pdf||1.15 MB|
|400-Agreement to Lease.pdf||63.69 KB|