Rental Application Template

Real estate is a difficult market to deal with as there is high level of demand and substantial increase in the prices. On the other hand, the supply side of this market or rather the availability of land is quite limited. This has inflated the cost of real estate, lease costs and rent amount. Apart from that, getting rental properties, has also become quite a difficult task due to the fact there are simply too many people bidding on the property. The best way to get an edge over the other bidders, is to write out a really good rental application.

Rental Application: The Basics

A rental place or a property that has been taken up on a lease is on the basis of a legally en-forcible contract between you and the landlord. Your right to use and occupy against the rent paid out to the landlord are the two considerations of this contract. Now, as an applicant for the real estate or apartment rental, you will have to state very clear facts in the rental application.

The first fact that you will have to state is your age and marital status. Next off, indicate the status of your employment and also mention your monthly income. This a basic necessity, due to the fact that a steady income means your landlord is going to get the rent regularly. Apart from that, the landlord will also calculate a debt to income ratio in order to ascertain whether you shall be able to pay rent easily or not. You can also state your profession and your tentative work timings. Lastly you can also present a series of personal reference letters, as it would perfectly reflect your own personality. Also note that the landlord is bound to conduct a background check on you and it would better to politely disclose any record that would be viewed to be negative (e.g.: bankruptcy, federal offense, etc). An honest disclosure would obviously prove to be effective.

Rental Application Template

The rental application is fairly easy to draft and you can follow this template to make one for yourself.

Dear Sir/Madam, My name is __________, and a week ago I came across your advertisement of apartment availability in the _____ newspaper. The locality where the property is situated is also a very peaceful one, and I would certainly be happy to move to such a locality. I am a 25-year-old editor of an economic and financial magazine and work from 9 in the morning to 6. I usually leave my house by 8:30 a.m. and return by 7:30 p.m. I am an avid reader and like to keep to myself, hence you will not have a nuisance of any kind of loud, blaring music, crowds or parties. I am unmarried and rarely have any visiting relatives, though some friends will drop by very occasionally for a game of chess. I also abstain from any kind of alcohol and smoking or for that matter any addictions, which would save a lot of complaints. Weekends and holidays are dedicated to piano playing and i assure you that would be very soft and the sound would not escape my apartment. I am a good cook, dog lover (though I don't have one) and am great with kids. I also do not mind helping out any of my neighbors. I have attached 4 personal reference letters, namely, one from my current landlord, one from my current neighbor, one from my boss and one from my music teacher. Apart from that identity proofs and other financial statements have also been enclosed. I hope that you find the references satisfactory. Waiting for your reply. Thanking you, (Your signature)

Some people are not comfortable with disclosing their income to the landlords. Hence, in such a scenario the employer or the bank can issue a statement stating that the applicant has an income that can sustain the rent easily. Apart for that, you will also have to worry about the cosigner for the rental agreement and have to arrange for a renter's insurance. You will have to use the rental agreement the rental application form which you will have to submit to the local governing body.