Application Process: What You Might Need

In order to put in an application for an apartment, learn what you might need for the application process.  The more prepared you are, the higher your odds of getting the apartment you want.

Identification

You’ll need to prove who you are, so come prepared, with a license, passport or government ID.

Advance Payment

Paying extra up front is typical with any lease. Most apartment complexes require first and last month’s rent, plus a deposit. If your credit rating is low, or your credit history is thin, you can offer to pre-pay a few month’s rent – if you have the cash – to help your application get accepted.

A Larger Deposit

If your credit history is less than stellar, you may be asked for a larger deposit, to cover extra costs of cleaning and re-renting the apartment, on the chance you can’t fulfill your obligation.

References

Friends, neighbors, bosses, coworkers, even priests . . . all can vouch for your integrity, stability and potential as a tenant.  A letter of recommendation from your current employer, stating your earnings, can also help a manager decide you’re a good risk.

A Co-Signer

If you’re renting your very first apartment, or if you don’t have a great credit score or history, you might be asked to find a co-signer. This person is legally responsible for the rent payment in case you fail to pay it, so think carefully who might do this for you. Perhaps you might even want to line them up to help before you meet the manager.  A co-signer does NOT have to live with you.

Related: Why apartment prices fluctuate

Related: Best time of year to search for an apartment

 

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