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The Ultimate Guide To Rental Applications

Renting property in Australia isn’t as easy as finding the place you like and putting down the necessary payments. You still have to be qualified as a tenant by the landlord or Property Manager. In a tight market, your chances of being awarded exclusive possession of the premises will come down to your rental application. This ultimate guide to rental applications will show you everything you need to do to land the rental agreement.

Inspect the Property

As they say, the first attraction is always visual. But don’t get carried away if a rental property looks like a million dollars. Take the time to inspect its interiors. Assess if there are repairs and improvements that need to be undertaken. It would be highly advisable to bring a professional with the experience of evaluating homes.

You can ask an architect, interior designer, general contractor, construction foreman or an engineer to conduct a thorough home inspection. They should come up with a list of repairs and estimated cost. Discuss the improvements with the landlord and see if he or she is willing to negotiate on its repairs.

7 Tips on Winning the Rental Application

Once you’ve found a place that meets your needs, it’s time to shift gears and focus on getting the approval of the landlord.

1. Be On Time

Property inspections are scheduled ahead of time by the Property Manager or the real estate agent. Always be punctual. It will create a good impression on the landlord. Tardiness is never appreciated.

You should assume the property will attract a lot of interest. There could be a long line of prospective tenants waiting to meet with the landlord.

If you show up late, someone may have already submitted the requirements and paid the advances. Other parties may have created a strong impression on the landlord and you may be left out of consideration.

2. Dress Appropriately

Part of creating a good impression is dressing appropriately. A landlord can formulate conclusions about a prospective tenant from the way he or she dresses up.

If you are neatly attired and well- groomed, it will reflect on your personality. But if you show up shabbily dressed and unkempt in appearance, the landlord may think that is how you will be when it comes to his or her property.

3. Act in a Professional Manner

When you meet the landlord or the agent, extend your hand; give a sincere smile and a firm handshake. Reiterate your interest and intent to lease the property. Tell them how you feel about it without going overboard with the hyperbole.

If your inspection has identified areas of concern, bring it up in a respectful manner. Once you’ve shared your observations, shift from talker to listener. Allow the landlord to articulate his or her answers. If the explanation is unclear or not according to your satisfaction, seek clarification without imposing on the landlord.

4. Disclose Important Information

For sure the Property Manager will conduct due diligence on all prospective tenants. This includes background checks on your credit history, experience with previous landlords and employment status among others. These procedures can be quite thorough but easy to avail of especially with the prevalence of online tenancy application checking services.

If you believe the Property Manager’s investigation will uncover an unfavorable episode in your history, do not take any chances and disclose this right away.

Will it put off the Property Manager? Maybe, but the repercussions would not be as bad if the Property Manager discovered it himself. Disclosing the information in advance will also give you the opportunity to explain the prevailing circumstances much better.

5. Give Referrals.

Perhaps the most powerful tool you will have in your arsenal is a list of referrals. The landlord or the Property Manager would prefer candidates who can provide a list of people to contact and verify your character.

Good referrals include your former landlord, credit or loan officer, contractors, suppliers and work associates. Ask their permission and advise them to expect a call from the landlord or manager of the property you want to lease.

6. Submit Requirements On Time

Fulfilling the requirements of a rental application can be tedious. Here is a list of documents that you may be asked to submit:

  • Proof of ID; Driver’s License or Passport
  • Proof of employment; pay slips, Certification of Employment
  • Tax Returns
  • Rental Ledger
  • Pet References
  • Reference Letters

Make sure these documents are all updated and readily available. For pay slips, submit the 3 most recent ones.

7. Follow Up on the Status of Your Application

If you haven’t heard from the landlord, feel free to follow up on the status of your rental application. Be prepared for the worst but don’t take it too harshly. If your application was denied, get information from the landlord on why it wasn’t accepted.

Finding the right rental property is like finding the right job. You have to show the landlord, you are the best qualified tenant to rent the property. It all starts and ends with your rental application. Submit one that will win the trust of the landlord and it will place you ahead of everyone else.