What do you need to rent an apartment?
Searching for the perfect apartment is a long, complicated process. On top of finding a place with enough space, amenities, and in the right price range, you have to impress your potential landlord. You might be wondering how to find an apartment. Landlords require personal information from potential tenants before allowing them to rent the desired space. They might ask for things like personal identification, proof of income, credit check reports, or even proof of insurance. On top of protecting their own interests, landlords check these details to make sure that you’ll be able to pay your bills on time.
At Sandy Shores Village, we’re here to walk you through everything you need to rent an apartment near the beautiful beaches of Alabama. If you’re looking for a newly-built, luxury apartment space in Orange Beach with high-speed internet, a gym, a pool, and much more, consider giving us a call. We offer both two and three-bedroom apartments just minutes from white sandy beaches. Contact us today at 251-301-9790, or put in an application on our website.
What is an apartment application?
Rental applications serve to screen potential tenants before they sign a lease. The application usually consists of the application itself, as well as all supporting documents. Many times, landlords request an application fee of between $30 and $50 to process the application. This application fee is nonrefundable.
A landlord or property management company will review your application and all requested documentation, including proof of income, credit history check, background check, and more. They may also request personal references from your past landlords. Once you put in your application, prepare to wait. Anywhere from 24-72 hours could pass before you hear back about your application.
Where can you find an apartment application?
These days, most apartment complexes will post their rental applications online. If the application is not on their website, you might have to email the landlord or property manager for a copy. You could also stop by their leasing office to pick up the application. The sooner you fill out your application, the better. It increases your chances of getting the apartment or rental space you have your eyes on, plus it looks good to landlords.
What information do you need on how to find an apartment application?
In this section, we’ll outline what information you’re likely to need when submitting your apartment application. It’s a good idea to secure all appropriate information and documents ahead of time. The faster you can get all the necessary information to a landlord, the more likely you are to secure the apartment you want.
- Your contact information: Landlords need to communicate with you, so naturally you should provide them with the easiest way to reach you. Whichever method is easiest for you to respond to, let them know. That way, you won’t miss an important call or email.
- Social security number: The landlord will request this information, and possibly a copy of your social security card, in order to conduct a background check.
- Driver’s license/State ID: These act as proof of identity, as well as information for parking spot applications, if necessary.
- Current/Previous rental history: This is also necessary for a background check. Landlords often contact your present and previous landlords to ask about your history as a tenant.
- Proof of income: This is generally required for applications, as it proves that you can pay for the rental space.
- Emergency contact information: If a landlord cannot reach you, they will need to contact someone in the event of an emergency. Choose someone close to you as your emergency contact.
- Security deposits: Landlords require these before you move into your rental property to protect against damages. If you do not pay your security deposit, the landlord will not allow you to move in.
How do I pay rent, and what happens if I don’t pay on time?
Many apartment complexes, including ours, offer an online resident portal through which you pay your rent. Other methods of rent collection include checks, cash, money orders, and various electronic methods. Landlords will decide which payment methods work best for themselves and their tenants. However, they will mostly be concerned with whether or not tenants can actually pay their rent, and if they pay it on time.
If a tenant does not pay their rent on time, they may charge that tenant with a late fee. This usually happens unless grace periods are written into the lease or required by state or local laws. Even when you make a late payment once, a landlord has the right to pursue eviction. While it is unlikely that one late payment will lead to eviction, it is still legally possible. Most landlords only pursue eviction after multiple late payments.
What is a credit score?
Your credit score is a number, from 300 to 850, which shows your creditworthiness. The higher your score, the more likely you are to pay off your credits and loans in a timely manner, according to credit bureaus. High credit scores look great to landlords, as it shows that you manage your payments well.
Any previous bankruptcies, foreclosures, evictions, or unpaid loans show up on your credit report. Landlords view these to review your financial responsibility. Good credit reports will likely lead to more apartment options.
What is the minimum credit score to rent an apartment?
As a general rule, landlords look for minimum credit scores of between 620 and 650. While this is not a concrete rule or law, it’s just a way for landlords to ensure that their tenants can and will pay rent on time. Most landlords look at both your credit score and your credit report. This is because your credit score is basically a summary of what’s in your credit report.
Not all landlords require a minimum credit score, and many of them look at the big picture of your financial situation before deciding to take you on as a tenant. Other landlords offer cosigner options in order to help you qualify.
Sandy Shores Invites You To Apply
If you’re looking for your dream apartment, look no further. Sandy Shores Village in Orange Beach offers luxury living, just minutes from white sandy beaches. Come visit our luxury apartment community to view the amenities, tour our spaces, and see why our residents love living at Sandy Shores Village. Give us a call at 251-301-9790 today, or visit our website to learn more.