A review of your credit report may be required to rent a house. Applicants who pay their creditors on time may receive favorable rental decisions from property owners. However, a recent pattern of late payments could impact your ability to secure a rental approval. Property owners frequently check for unpaid judgments from previous apartment communities or management companies. Paying your bills on time could enhance your ability to rent a house.
Typically, applicants are required to provide rental references on their application. Prior landlords generally are contacted to discuss the applicant’s previous rental history. Information about the duration of your rental history, the amount of your monthly rent, and timeliness of your rental payments might be obtained.
Property owners often require a security deposit to rent a house. A security deposit may be used toward property damages, unpaid rent or late fees. Security deposits are held from the start through the conclusion of a rental period. Typically, a security deposit will be equal to one monthly rental payment. However, the required deposit may depend on your credit strength or the property management policies.
A background check may be required before you can rent a house. Property owners may check an applicant's criminal history or employment history prior to approving a rental application. If an applicant has a history of violent or destructive behavior, a property manager may decline the rental request.
Property owners often require a signed lease to rent a house. A lease will reflect the amount and the due date of your rent. You must review the terms of a rental lease carefully before making a commitment. Certain lease agreements may require the names of adult occupants or limit the number of people who may reside within the property. A lease agreement may prohibit pets within the property, or you may be required to place additional deposits. You may need to obtain legal advice for terms that you do not understand.
With renting a house, if utilities are not included, an applicant may need additional deposits for various service providers. Proof of income may be required to demonstrate your ability to afford certain rental properties. Potential renters should inquire about general maintenance, such as lawn care or snow removal. Ask your landlord whether you are responsible for exterior cleaning or routine maintenance. Before signing a lease, prospective tenants must understand the rental terms.
Prospective renters are encouraged to contact property owners to obtain specific property details. Request a receipt for deposits or other forms of consideration, and seek written agreements for terms that are not disclosed in your lease.