How Long Does It Take To Process A Rental Application (And Why)?

Exact Answer: One To Four Days

A rental application refers to a kind of form which is to be filled by the renter when renting a house or a part of the land from a property manager or a landlord. The document has different areas where the renter fills the required information about itself. The form is filled in so that the property owner gets assured that they are renting the land to an authentic person.

A rental application is generally the most crucial step before renting any land. A lease agreement is only offered after the rental application is duly filled with all correct credentials. It is compulsory to fill a rental form before renting any part of the land.

How Long Does It Take To Process A Rental Application?

A successful rental application guarantees that the renter can now use the land. The document has various columns for filling pieces of information such as name, address, age, sex, contact number, email address, and a few others. It’s the renter’s moral responsibility to fill in the correct information in the form. Also, the property owner has to cross verify whether all the information has been correctly filled or not. The renter can also prioritize their choices in a rental application.

A rental application form can be accessed from the website of the company or complex. A person can also visit the place in person and ask for a rental application form from someone in the office. Visiting the complex is a better option as the person can also get a view of the building and make sure that it looks the same as on the website. Sometimes property owners put fake photos of buildings on their websites to attract more renters.

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Method Of ApplicationTime Taken To Process The Application
OfflineOne to two days
OnlineThree to four days

An offline application generally takes only one to two days to get processed. A form submitted offline is directly presented at the office and can be processed on the same day or the next one. Online applications generally take longer to process as the form is first submitted on the company’s website. Then it is forwarded to the office, and the landlord cross verifies the application.

Why Does It Take That Long To Process A Rental Application?

A rental application contains various information, such as proof of income where the renter enters the gross annual income. Property owners can also do a credit check to assure that the renter is financially responsible and will pay the rent on time. Owners also do a background check of the applicant to ensure that they have no criminal background and have never been involved in any fraud or financial scam.

The application also needs to fill in the previous landlord’s details to assure the landowner that the applicant is responsible. There is also a blank to fill in the details of the co-signer. The partner of the applicant generally fills it. If someone is applying for land for the first time, then it is good to attach a cover letter to strengthen the land’s case. After the application is successful, both the owner and the renter have signed a lease with all the terms and conditions.

Some landowners also ask for a security deposit if the renter causes some damage to the property. As there are so many documents required to be processed, it takes a long time for the application to be successful. The owner makes sure that the renter is a responsible citizen of the country. If a landowner provides land without requesting a legal application form, the government can take legal actions against him.

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Conclusion

Finally, it can be concluded that a rental application is crucial for renting a new land. The form contains various areas to fill in multiple information. It is vital to fill in the correct information as the landowner verifies all the data that an applicant has filled in. A rental application form can be filled online or offline.

On average, it takes one to four days for the application to get processed, depending on the mode of application. The applicant must not have a criminal background; otherwise, the application will be rejected. Landowners who don’t ask for an application form can face the consequences, and legal actions can be taken against them.

References

  1. http://www.peabodyproperties.com/communities/images/applications/whitney-carriage-park.pdf
  2. https://www.tandfonline.com/doi/abs/10.1080/02673037.2019.1621271
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