The phrase "Get it in writing" has special importance for landlords, especially when it comes to the application process. If you don't already use a written rental application for your property, you should strongly consider implementing one right away.
One of the best reasons to use a written application is the protection it offers should someone whom you did not select as a tenant decide to pursue a discrimination claim against you. If you have documented the entire application process and the reason/s for not selecting that applicant, you can produce the application and related paperwork to prove your innocence.
A written application also makes it easier to check a tenant's references. You'll have all the information you need available in one place, making your job easier and less time-consuming.
Here are some important points to include in a rental application.
Now that you know what to include in your written application, give some thought about what not to include. Do not ask questions about an applicant's sex, race, religion, ethnicity, number of children, or disabilities. The law prevents you from using any of these factors when selecting a tenant. Such questions can also diminish your chances of successfully fending off a discrimination claim.
Once your applicant has filled out your application, photocopy his or her driver's license or photo ID, and attach it to the application. This will not only assist you in keeping track of your applicants, but may also be necessary for credit checks.
Save all the applications, even after you have selected a tenant. A paper trail of past applicants can be very handy, should someone reapply, or file a discrimination suit. If space is a problem, you can scan these documents into your computer. You'll also want to have some additional applications on hand in the event that before signing the lease agreement, the tenant whom you have chosen decides not to move into your property, or a tenant needs to break the lease after a brief period of time. In fact, you can start a waiting list of applicants whom you feel would be good tenants, should a vacancy arise.
A written application is a great way to collect necessary information on your applicants, and will assist you in ensuring that there are no misunderstandings with your applicants.