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Written Application Standards

 

Every residential rental property owner should develop clear rental application guidelines that are written down and made available to or provided to all prospective rental applicants. This can be done in a low-tech fashion, in the form of a simple 3-fold brochure you create in MS Publisher or some other desktop publishing program; or high-tech by providing the rental application guidelines on the Internet at the website the rental property owner uses to promote their available apartment units.  If you have the time and energy, the best thing is to provide the rental standards in both formats.

One of the most important reasons to document rental application standards is to help a rental property owner avoid any potential charges of housing discrimination.  With your standards written and documented the chance that someone can claim you have treated them differently are greatly reduced or lessened.  If your standards are documented and available for everyone to see, everyone will know what to expect.  Documenting business procedures is essential to protect a residential property owner against unfair and unwarranted claims of housing discrimination. 

 

 

 

 

 

Remember, there are three, and only three, valid and relevant questions which an owner should ask, investigate and have answered before approving an application for their rental unit:

 

  • Can the applicant afford the apartment? This is the Income component of the application.
  • Will the applicant pay the rent? This is the Credit component of the application. 
  • Can and will the applicant follow the rental agreement? This is the Prior Rental History component of the application.