Before you call a moving company or try to learn how to drive a moving truck to move into a new apartment, here are answers to the top questions tenants ask about what the prospective landlord might ask for.
Do I need to review my credit report before looking for a new rental home? Before your prospective landlord asks for your credit report, review it yourself. This way, you can prepare to explain the history which is not ideal or correct errors in your report in advance, which will help you move forward better with your search.
Why is my landlord reviewing my credit report?
Landlords and leasing agents often ask for your credit report to make sure you’ll 1) likely pay your rent on time and 2) have a history showing you pay other bills on time. Using your credit report, you can see:
- If you have a habit of paying consistently
- What your lease history looks like
- If you have debts, that could affect your ability to pay rent.
- If you have a pending bankruptcy case
Renting an apartment has some requirements, starting with having no criminal record. In addition, the owner of the apartment will want to know if you have lived elsewhere in the state and where and for how long. The landlord will surely ask you questions about your workplace and your employer, before which you must provide information or documentation, if possible. In this way, they will ensure your solvency when it comes to having to comply with payments.
You will be asked to produce a valid form of identity. If you don’t have a driver’s license, a passport is allowed. The landlord will also want to know that you have a bank account and they will also want to know the status and possibly the balance in the account. You will need to provide your social security number. Likewise, your passport must be in force and if you are an immigrant, you should have the appropriate work visa.
The first recommendation is that, in case you still have any irregularities on your record, do not try to hide them. It is better to say it and consider it than to discover it later during your stay. In addition, it is recommended that you have all the documents in order beforehand, since considering apartments for rent Minneapolis-located, and you don’t have the right documentation, then this is a reason for denying your application.
On the other hand, when considering an apartment rental, keep in mind that rental contracts usually have a duration that ranges between 6 and 12 months. Therefore, this is a major decision and one to be taken seriously. In this way, you should prepare for the procedure and requirements.