When you’re on the hunt for a rental property, understanding the application process is vital to securing the property you want.
There are many common mistakes that prospective tenants make when applying for a rental home. Here are the top tips for making the application process run smoothly.
Consider your budget
While it’s not necessarily as big of a financial commitment as owning your own home, there are still significant costs to factor. It’s imperative that you’re absolutely certain you can afford the property.
If you are spending more than one third of your income on rent, can you really afford it?
You should also expect to pay an option fee, two weeks rent in advance and four weeks bond upfront.
Present like you’re applying for a job
Treat the rental application process like you would with a job application process. First impressions count.
So you should put your best self forward at every stage of the application process.
It’s important to dress well, don’t be late for home opens and be polite.
Know exactly what you’re applying for
When inspecting the property, it’s important to make sure you’re happy with it in its current condition before applying.
Prior to signing the lease, ensure desired maintenance is noted on your application forms and agreed to by the landlord. It’s also worthwhile making sure the rental home meets any extra requirements you may have, like accommodating pets or extra people.
Fill in your application thoroughly
When you’ve found a property you want to apply for, make sure you take your time filling out the form and be sure it’s completed in full. Ensure that photocopies of your ID and all other documents required are supplied.
You should also advise your referees to expect a call.
Be meticulous with all documents
Like any contract situation, it’s vital you do your due diligence and make sure you have a sound understanding of exactly what you’re signing.
Ask questions if you’re uncertain as a lease is a legal contract and the penalties for breaking the lease can be steep.
Take the time to go through your property condition report – it is your opportunity to note down any discrepancies so you don’t get held responsible for them at the end of your tenancy.