Exact Answer: 48-72 hours
Apartments are all over the world since the world population is growing rapidly. There is more need for apartments since they are so marketable, especially in urban areas compared to rural places.
Therefore if you understand the application process, it will be basically for your benefit since you might know what goes on behind the scenes and beyond after submission of your apartment applications.
How long does it take to get approved for an apartment?
How long it takes for you to get an apartment approval real depends on who is managing the apartment. For that reason, it might take as little as 24 hours for you to get support, subsequently, most applications take between 48 – 72 hours for you to get approval.
This is due to several aspects that come along with the application process, such as: Most agents will want to know what you do for a living or instead of your source of income. Your capability to carter for your bills based on your annual salary.
Your agents may as well as go to the extent of verifying your employment status. This explains why it might take longer for you to get approved and the duration of time it might take you.
Double-checking your application documents
Usually, it is always mandatory for the agent to double-check your application documents to ensure that all details are put in place as well as the attachments required for the property.
Besides, double-checking also helps to identify left out information and consultation where clarification is needed.
Checking the next of kin
This is usually very vital, especially when it comes to emergency conditions. Moreover, it is also for your safety purposes. Therefore you should be open and transparent with your agent for easy work and quick approval too.
By doing so, you would have also made it easy for your agent to finish the whole process of approving you on time.
Checking tenant default databases
Agents frequently monitor relevant tenant default databases to get updated on your past unsolved issues, whether on payments or damage costs.
This may take a little longer, especially if you have a poor reputation. Your records in the database will determine how long and why it would probably take a long time to get approval.
Difficulty in contacting your referee
When your agent is unable to contact your referee, then be assured it will take you quite a long time to get approved. It might take as long as 48 hours and above.
After these procedures, the agent then submits the application documents to the owner of the apartment, together with his or her suggestion about you and others. So the final say comes from the landlord.
In case you were wondering how long it would take you to get authorization for your apartment, then I hope you are well answered.
Based on those particular aspects, it is basically upon you to determine how long it might take you, so it is recommended that you be clear and more forthright with your applications.