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A Maine Lease Application gives landlords the chance to evaluate potential tenants applying for a space on their property that is available for lease. Sometimes, doing this can be a difficult task. However, the level of organization that this document offers could significantly reduce the workload. A landowner can save valuable time while conducting an investigation by streamlining the data collection process.
Application Fee (No law) - There is no restriction on how much people can be charged for application expenses.
Initial Deposit (§ 6032) - Initial Deposits that landowners charge approved applicants should not be greater than two (2) months' rent.
Non-Returnable charge. Document the total cost and attach it to this application to offset the cost of the investigation carried out by the landowner. This fee isn't refundable no matter what the result of the application is.
There are many ways to learn more about the character of a potential tenant, including running a credit report and a criminal background check. The background check's other components, like education and employment verification, may provide a wealth of information about your candidate. Excellent references, steady employment, and good grades all point to a responsible tenant who won't cause you any issues.
In the interim, a history of evictions or breaches of rental agreements, frequent job changes, and unpaid bills can all be indicators of someone's unreliability. While you should always treat background check findings with caution, it's a good idea to be aware of these details before making a final decision on a potential tenant.
To reduce evictions as much as is practical, landlords must employ a stringent tenant screening procedure. The process of evicting tenants is time-consuming, expensive, and upsetting for all parties.
A higher rate of turnover is another effect. Naturally, not all landlords give a building's turnover rate much consideration, especially in college towns where residents aren't always looking for long-term housing. On the other hand, a low renter turnover rate might work to your property's advantage.
You save a lot of time and effort by renewing leases as opposed to looking for new tenants. Furthermore, if you have a high turnover rate, a low turnover rate suggests that your house is a desirable place to live, which aids in luring new residents.
A background check as part of the application process shows prospective tenants that you are selective about who you rent to. As a result, you will be more likely to draw applications from equally serious candidates.
By doing this, you can establish a good reputation for yourself and your property. By being picky with your rental applications, you increase the likelihood that your tenants will grow a sense of ownership for your property.
They are more likely to keep their place clean, pay their rent on time, and fix issues right away. All of this will assist you in forging a stronger bond with your tenants, simplifying life for everyone who resides on your property.