• Properties
  • List With Us
  • About
  • Resources
  • Testimonials
  • Blog
  • Log In
 

RENTAL APPLICATION BASICS

Once you have identified the unit you want to move forward with, you will need to fill out a rental application form ASAP. You can submit the rental application directly at a building’s leasing office or from your computer at home. What does a rental application include?

Generally speaking, a rental application consists of a rental application form, supporting documents and a check to cover the application fee(s).

 

After you fill out the rental application form (rather easy, as it basically asks who you are, where you work, where you currently live, and some other generic questions) and pay the application fee (between $75-$150) the documents you need when submitting a rental application are:

 

-Photo ID (driver's license or passport)

-Letter of employment (or Offer Letter) on the company's letterhead, with the following:

    •    Position

    •    Length of employment

    •    Annual income

-Copy of last two or three consecutive pay stubs

-Copy of most recent bank statement(s)

-Copy of last tax returns (normally only the first 2 pages)

(Some buildings require potential renters to include a copy of their most recent Federal Tax Return (1040). Renters should have their tax return available just in case it is required. Self-employed renters: if the income comes from different sources, you will be required to submit tax returns and a letter from a CPA stating the nature of your business, as well as, projected future income. Business owners looking to rent are almost always required to submit a tax return.

-Copy of W-2 form (normally only the first page)

-Verification of other assets, if any

-Landlord reference letter (Letter of reference from a previous landlord is one of the most important reference letters a renter can submit to a landlord/management company who is processing their application)

 

Each building has its own application form and requirements so please make sure to check with your Luxury Apartments LIC agent in advance whether there are any special or/and additional requirements you need to be aware of.