Landlords and property owners in Tennessee use a rental/lease application to gather information on prospective tenants who are interested in leasing a property. In essence, the property manager will use the application to check the applicant's credit report and background. The tenant will be given a lease to sign after being granted permission to enter into a lease agreement.
Application Fee - There are no restrictions cited in state law (no resolution) and application costs are non-refundable.
Security Deposit: According to state regulations ( 66-28-301), there is no maximum amount for a security deposit.
The information from the rental application document is used to direct a record check as the next step in the occupant screening process: As a property owner/agent, be sure to conduct these basic checks listed below;
A person's employment history can also be used to show their honesty. If a potential tenant consistently and predictably flips jobs, you probably won't be checking them out. Rent payments are more likely to be made by someone with a steady job than by someone who frequently switches jobs.
To determine whether you can rightfully base a decision on a criminal background, you should first and foremost check with your state's housing regulations.
You can obtain crucial information from a historic verification regarding the previous criminal activities of the occupants. It is a good idea to run a criminal record check if your state permits it. You should expect to be held accountable if an occupant does something wrong on your property.
The process of applying for a rental home should always include requesting letters of recommendation from previous landlords. After you've received the letter, make sure to give them a call. Watch out for anyone who has previously experienced eviction as well.
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