A rental application template is vital while deciding upon renting a house. Since the template demands a number of important details to be filled in, it is always advisable, to read the documents carefully before signing the agreement.
There is a procedural approach towards renting a house to a second party, and the rental application template has the following contents
APPLICATION
• The first part of the template describes the name of the name of the tenant, the term of beginning and ending of residing of the tenant in the rented property. It mentions the monthly rental payable along with the rental payable in advance prior to the tenants occupying the rented property.
• The next part describes that, in case of any damages caused to the property by the tenant or a failure in the execution of the terms and conditions of the lease, the advance deposit will be forfeited as the charges for the damages.
• If the application is not accepted, or if the property to be rented is not ready for residing by the date specified in the template, the advance rental deposit will be refunded to the applicant by the owner.
• It is followed by the personal details of the applicant including the number of residents that will be residing in the rented property, pets if any, the present and the previous address.
• The next part requires the professional details of the applicant, which include, the place where he is working, the employer's details, annual income details and the time of serving in the current job. It also involves mentioning of professional details of any other resident member.
• The references including the bank details and bank's contact information are asked in this part.
• Finally the form is agreed to and signed by both the parties.
It is always beneficial to follow the rules described in a rental application template, as adhering to these conditions, one can avoid any kinds of legal complications in future.
Requirement of a Rental Application Template APPLICATION
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