Valid Reasons to Deny an Apartment Application
Leasing out your home or rental unit? If so, then you need to have a stringent check-list regarding what type of potential renter would make a good tenant Choose a good one, and you will have a great experience. However, if you select poorly, it may cost you more in the long run than simply letting the space sit vacant. All management, landlords, and owners must treat each renter equally and should go through the same approval process in order to vent a customer. Here are a few legal reason you will deny a renter from renting at your property.
There is a lack of Income
All tenants should make a certain amount of monthly income based upon the rental rate. The majority of large apartment communities us a figure that is 3.5x the monthly rent. This will safely factor in other bills the renter is responsible for like phone and car payments. It’s not against the law to reject an applicant based upon how much money that make. If you accept a renter who doesn’t qualify, you might be doing both yourself and the renter a disservice.
Not only do pets create a mess, barking dogs can create a lot of noise and disturb other tenants and create complaints. Claws can scratch and damage hardwood floors. Carpet stains have the potential to create additional cleaning fees and sometimes need to be entirely replaced. Many of the larger apartment communities are charging pet rent, fees, and non refundable deposits. However, if you an owner of a single family home, you might not want to deal with the costs and time that you might incur with a potential pet. It might be easier for you to simply have a no pet policy. Be aware though that many renters have ways they sneak in pets.
The Tenant Owes Money on another Lease
What can be said about a renter who owes money to another landlord or apartment community? This can come in the form of a “broken lease” or a judgment. Many times you can find these simply by running a credit check. But sometimes this is not reported. It’s always a good idea to verify rental history. Did the tenant pay rent on time? Were they late? Did they fulfill the lease? Rentkidz a local real estate firm says that complexes have a zero tolerance policy in this scenario. If someone owes money to another community, they will automatically be rejected, no questions asked.
The Tenant Won’t Allow you to Run a Credit or Background Check
This should raise a red flag. Part of the approval process is to check out who the person is, their credit, rental history, and other items that are pertinent to the approval process. If they won’t let you check them out, then it is cause for an immediate rejection. Just make sure that this is explained to the potential renter.
All of these factor listed above are legal reasons why a landlord will most likely want to reject a potential renter.