When a prospective renter applies for an apartment, it is up to the landlord to verify that the applicant meets basic requirements. A landlord must protect his financial interests by ensuring that the prospective tenant can comfortably afford to meet monthly rent obligations. One of the most important checks a landlord performs is an employment verification. Like lenders, the landlord or management office of an apartment complex must verify an applicant's employment situation.
Firstly, the landlord must verify that the firm listed as the employer actually exists.
Choosing a Personal Reference for an Apartment Rental Application
Secondly, the amount of income the proposed tenant lists on the application must match the information that his employer has on file. Landlords commonly use one of three methods to verify employment. One way is to ask for an official letter from the employer verifying the applicant's monthly or yearly salary, as well as a summary of basic information regarding his work history.
Another verification method is to ask to see the applicant's most recent pay stubs. As a third option, the landlord can simply call the human resources department of the employer to verify information about the applicant.
The landlord can also perform a check of the state's business records to ensure that the employer runs a stable, licensed and registered company. In some cases an apartment landlord will consider other forms of income to determine whether the proposed tenant is qualified for the space. For instance, when applying for an off-campus apartment, a student might have to rely on student aid or his parents' help.
In this case, the landlord evaluates the source of funds to verify the amount and determine if it is a sufficiently stable income source. If another person plans to support the renter, the landlord commonly requires that person to become a cosigner.
How Do Apartments Do Employment Verification?
Besides an employment verification, the landlord also performs other screening steps. One important step is to check the proposed tenant's credit report for negative entries, like a past foreclosure or series of credit account charge-offs. Another step is an eviction check to see if any previous landlords had trouble with the applicant — particularly if it is due to non-payment of rent. Do Apartment Complexes Verify Employment? By : Louise Balle.
Share Share on Facebook. Money Made Easier. Please enter a valid email.Blog Leasing Questions. This question is asked a fair amount in our Facebook Group and it can get confusing with the different variables including age, state laws, co-signers, etc. A child is considered anyone under the age of 18 in the United States.
A child is not a tenant and is considered an occupant until they reach the age of A child occupant may be listed on the lease as an occupant under 18 years old but should not have to sign anything nor be listed as a tenant on the lease.
You can rent an apartment at the age of The only way to rent an apartment at an earlier age would be if the child were to become legally emancipated from their parents.
Emancipation of minors is a legal mechanism by which a minor is freed from control by their parents or guardians, and the parents or guardians are freed from any and all responsibility toward the child.
If a child is legally emancipated there are still laws at the state level that determine what they can and cannot do.
This resource from Cornell. As mentioned earlier minors are not considered tenants and do not have to be on the lease. They can be listed as occupants if state laws allow but cannot sign the lease. Adult children age 18 or older should be listed on the lease and they should sign the lease as well. The risks for the landlord is that there is one less responsible party on the lease. If problems arise it will be much easier to have the adult child removed from the premise.
Any adult roommate should be a signed party on the lease. A tenant that has a roommate that is not on the lease is creating unnecessary liability for themselves. The people who sign the lease are the ones responsible for rent, damages, and other items spelled out in the lease.
A renter that sneaks an additional person into the rental that is not a party on the lease is only increasing their liability.
As the name suggests, a co-signer should be signing the lease as an added level of security for the landlord. The co-signer is legally responsible to pay for any unpaid rent or damages from the tenant.
This added insurance is a way for a younger renter to find housing without the landlord feeling exposed to a risky tenant. Children living in the rental should simply be listed as occupants and should not be signing a lease if under the age of During the application process, a landlord should not inquire about children in anyway as familial status is a protected class under the Fair Housing Act.
Sometimes a tenant may view a lease only as a landlord protection but that is not the case.You may feel like you're lifting the lid on your entire financial history when you apply to rent an apartment. And it's true that most landlords require tenants to prove their credentials before they rent to them.
The rental application you fill out gives the landlord all the information he needs to check your creditworthiness, employment history and personal background. Armed with this information, the landlord makes decisions about your suitability as a tenant. In California, one of the pieces of information the landlord can ask for is your bank balance. You can, however, refuse to hand over confidential information. The landlord can ask your bank if the check he's holding from you is backed by sufficient funds, but he can't get information on your account balance.
The landlord can legally ask for any reasonable information that verifies your ability to pay the rent. Generally, he establishes your financial health by comparing your monthly income with your monthly payments. Debt data appears on your credit report, which the landlord can obtain with your consent.
Some landlords verify your income by asking for copies of your bank statements. The landlord is within his rights to request such information. Landlords want to rent to stable, reliable tenants — not someone who keeps his cash under the mattress. By asking for your bank details, the landlord is checking that you actually hold an account and that your monthly income, minus your expenditures, is enough to cover the rent.
The landlord may also want your bank account number as security against you subsequently defaulting on the rent.
While the landlord has the right to ask for your bank balance, you have an equal right to refuse. For a tenant, it's a tricky decision — on the one hand, you may feel uncomfortable supplying confidential information; on the other, refusing to give your bank details may jeopardize your rental application. A landlord may refuse to rent to you for any reason or no reason, as long as he does not violate discrimination laws.
Bank statements are not the only way to prove your income. Pay stubs and an employer's reference, confirming your employment and salary, authenticate your monthly income.
If you're worried about your landlord seeing your account number, you can provide a copy of your bank statement showing your account balance, but with the account number blacked out. However, the landlord may get your number from another source. If your landlord gets hold of your bank account number, don't worry — he can't do much with it without your consent.
California has some of the strictest state privacy laws on the books. Generally, a bank can't disclose to a third party any non-public information, such as your bank balance, unless a court orders it to do so.
Skip to main content. Hernandez, Realtor; Updated December 15, You can choose whether to disclose your bank balance. Tip The landlord can ask your bank if the check he's holding from you is backed by sufficient funds, but he can't get information on your account balance. Customer Service Newsroom Contacts.Moving out for the first time can be a very intimidating task.
Select the topic below to skip to the section you need, or read all the way through. You are renting your first apartment, so of course you are going to have a couple questions about how it all works. Here are four questions we get asked often about renting an apartment.
The answer to this question varies from apartment to apartment, but renters usually pay either a property management company that runs apartments for landlords, or renters pay the landlords themselves. In the past, one would have to mail the landlord or property management company a check each month, but now most of this takes place online. Often, you can set your payment to be automatically taken from your bank account every month, so that you are not penalized with late fees in case you forget.
The answer to this question also differs between apartments. If you are going to walk the walk, you have to talk the talk.
All Bills Paid: Another term for utilities included.
How to Call in Regards to Your Application for Employment
An apartment that has all bills paid means that utilities such as water, sewer, garbage, trash, gas, and electricity are included with the rent. Application Fee: Many apartment managements require a paid sum to run your rental application. Amenities: The basic definition of amenity is something that is a useful or desirable feature of a facility. Within renting, these can range from in-apartment amenities such as a washer and dryer, microwave or central heating and air, to community amenities such as fitness centers, pools, and movie theaters.
Condominiums : Multi-family housing that allows ownership of individual units - aka condominiums. Residents of condos often have HOA payments they must make as well as civic responsibilities within the condo community.Calling Previous Landlord Of Tenant Applicant - RentPrep
Often, the deposit goes towards your security deposit, a sum of money that your landlord keeps throughout your stay to cover any damages you make to the apartment. The security deposit also serves to provide some collateral to prevent you from taking off in the middle of your lease and leaving the landlord empty handed.
Lease Agreement: A legally binding contract that is made between a landlord and tenant. Within the lease agreement, you will find all of the terms and conditions related to your apartment. Depending on your type of rental, you may not ever have to encounter your landlord and will instead work through an apartment management group or leasing team.
Leasing Agent: Many apartment complexes have their own leasing office and staff. The leasing agent will be the person that shows you your apartment, facilitates your residency, and answers your questions. Move-in Specials: Apartments often host move-in specials to attract renters.Honda 250ex frame paint
Studio Apartments : The most basic of apartments, studio apartments are one bedroom, one bath apartments that generally include a small kitchen, but not always. The original tenant retains responsibility for the rent and condition of the apartment while the renter resides there. Click here learn more about subletting an apartment.
This can take the form of new lighting fixtures, counter tops, appliances, and cabinetry. An upgraded apartment often is a bit more expensive than its upgraded cohorts.
Often you are required to pay for these on a monthly basis in addition to your rent. However, if they are included, all you need to worry about is the fixed rent price.The ability to check the status of an application after you submit it for consideration can help you plan your next step. Checking on a rental application status may let you know whether and when you'll be moving into a new home. The status of a grant application can help you plan your finances accordingly.
Learning the status of a university or job application lets you plan the next steps toward your goal. Locate the contact information of the establishment where you sent in your application. This information should be in your files. If not, consult a business directory or search the Internet. Call the company and ask for the person you need to speak to.
If it is a job application, the name of the hiring manager or the coordinating human resource office may be in the original job advertisement. If not, call the human resource department who may be able to direct you to the hiring manager. When you reach the person, politely introduce yourself. I was calling to find out the status of my application. Write down the information that is given to you. If the application is in a pending or waiting status, ask when the next appropriate date would be for further follow up.
If your application did not receive approval, it's acceptable to ask why. Note the answer that they give you for not considering your application. Use it as a learning experience on your next application. Don't be nervous about checking the status of a job application unless the potential employer has specifically informed you that they will contact you only if you are needed further.
According to Dave Willmer, executive director of recruitment firm Robert Half Technology, 82 percent of executives believe that applicants should contact the hiring manager within two weeks of submitting a job application. Misty S. Bledsoe has been writing since She specializes in writing about religion, technology and solar concepts, and her articles appear on various websites.
Share It. Tip Don't be nervous about checking the status of a job application unless the potential employer has specifically informed you that they will contact you only if you are needed further. About the Author. Photo Credits. Copyright Leaf Group Ltd.Track my home. Renters know that filling out a rental application is an essential part of the process.
The application allows you to express interest in a property while also providing the landlord or property manager with the bits of information they need to determine if you're qualified to rent the unit. But certain blemishes on your record or past transgressions could hurt your chances of being able to score your ideal apartment or house, and cause the landlord to reject your application. Imagine you spent time touring homes for rentfound one you loved, but later found out your application was rejected.
The most common reason rental applications get rejected is because of a person's income. Typically, property managers want you to be making at least three times your monthly rent to ensure you can afford it; landlords in big cities may require that your annual income be at least 40 times the monthly rent—sometimes even more. But you'll have to show evidence—in the form of pay stubs, employer's letters, or direct deposits—to prove you will be able to make rent.
If you can't show proof of incomeyour application may be rejected. Not paying your bills on time or having significant debt can lower your credit score and make you an undesirable renter. Many properties have a minimum credit score that renters must have if they want to rent a home there.
Your rental application will likely have a section where you need to list a few references: a past landlord, employer, or any unbiased person who can speak to how responsible and trustworthy you are. If your property manager calls a few references and discovers that you were constantly late paying rent, or turned your place into a meth lab, your application will very likely be denied.
Most property managers and landlords want you to list your gross income the total amount before anything is deducted on the application, but some people mistakenly put their net income what they're left with after taxes and other deductions like health insurance.Intelligence of saturn
Doing this can disqualify you from being able to rent the property, so when filling out your application be sure to ask about this. Obvious but worth noting: Having prior evictions on your record can make it more difficult for you to rent an apartment. If you failed to pay rent and were evicted, landlords might assume you are not a reliable renter. Gaps in your rental history might trigger a rejection. For one, the property management company or landlord may suspect that you vacated your last property before the lease was up, which is a big, waving red flag.
But a gap doesn't mean you'll be automatically rejected. If there was a legitimate reason for the gap—you moved in with your family, took time off to travel, etc. Lee says he's seen this with companies that allow tenants to pay for their utilities through them.
For instance, you may have an unpaid water bill from the last place you rented from. If you owe money to a collections agency, that will usually cause your application to be turned down flat.
Lee says the simple way to prevent this mix-up is to make sure your landlord has your correct contact information before you move. States have their own laws on how many people can live in a house, so if you're applying to rent a one-bedroom apartment with a large family, that could be a roadblock.
For example, in Ohio most judges will rule that only two people can live in one-bedroom unit, according to Steven Katzan experienced attorney in client-tenant law who's based in Columbus, OH.The overall picture your application paints is more important than individual factors. Most landlords screen prospective tenants to make sure they're qualified to rent the landlord's property. How thoroughly the landlord screens tenants depends on her experience with previous tenants and the type of property she's leasing.
Although landlords must apply the same screenings to every prospective tenant to help ensure compliance with anti-discrimination laws, the order in which they do the different types of screenings is a matter of personal choice. The screening process begins with the prospective tenant's first phone call or visit to the office. Because landlords often show rental homes to a number of would-be tenants before they find one who's qualified, asking prospects about their income, employment, credit and rental history before setting up an appointment reduces the amount of time landlords spend with unqualified tenants.Nato vs basswood
The rental application serves two purposes. First, it's a way for the tenant to list personal and financial information, and give contact information for employers and references. The application also serves as written permission — via a clause stating as much -- for the landlord to check the applicant's credit and criminal histories.
Because tenant screening consists of several steps, it makes sense for the landlord to start with checking references because they often have to leave voicemails for the former landlords, employers and personal references.
Different landlords assign different weights to the various aspects of the tenant screening.A night in venice
What they all have in common is the need to predict the likelihood that an applicant will pay rent on time and take reasonable care of the property. Although credit is an important predictor, strong income and glowing references from previous landlords can overcome credit problems. Alternatively, positive employer references and solid credit can help an applicant make her case that her problems with a former landlord were due at least in part to unreasonable behavior on the part of the landlord.
Daria Kelly Uhlig began writing professionally for websites in She is a licensed real-estate agent who specializes in resort real estate rentals in Ocean City, Md. Her real estate, business and finance articles have appeared on a number of sites, including Motley Fool, The Nest and more.
Uhlig holds an associate degree in communications from Centenary College. Skip to main content. Prescreening The screening process begins with the prospective tenant's first phone call or visit to the office.
Application The rental application serves two purposes. Application Processing Because tenant screening consists of several steps, it makes sense for the landlord to start with checking references because they often have to leave voicemails for the former landlords, employers and personal references. The Landlord's Decision Different landlords assign different weights to the various aspects of the tenant screening.
References 1 Nolo. About the Author Daria Kelly Uhlig began writing professionally for websites in
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