TIP OF THE MONTH - March 2012
Choosing Tenants-Your Most Important Decision
Source: Leases & Rental Agreements
By: Maria Stewart & Attorneys Ralph
Warner & Janet Portman-2nd Edition
Here are some basic guidelines for accepting rental applications.
Tenant-age 18 or older who wants to live in your rental property should
completely fill out a separate written application. This is true
whether you are renting to a married couple or to unrelated roommates,
a complete stranger or the cousin of your current Tenant.
#2-Always make sure that prospective
Tenants complete the entire Rental Application, including (BUT NOT
LIMITED TO) Social Security number, current employment, bank and
emergency contacts. You may need this information later to track
down a Tenant who skips town leaving unpaid rent or abandoned property.
#3-Ask each prospective Tenant to show you
his driver’s license or other photo identification as a way to verify
that the applicant is using his/her real name.
#4-Be sure all potential Tenants sign the
Rental Application, authorizing you to verify the information and
references. (Some employers and banks require written authorization
before they will talk to you) You may also want to prepare a
separate authorization, so that you do not need to copy the entire
application and send it off every time a bank or employer wants proof
that the Tenant authorized you to verify the information.
Crossett Real Estate Services can provide a standard release-consent form to all potential Tenants.
Return to prior
This web page was updated on 03/01/2012.