What is the National Apartment Association Rental Form?
The National Apartment Association Rental Form is a standardized application used by prospective tenants to apply for rental properties. It collects essential information about applicants, including personal details, employment history, rental history, and credit information to help property managers assess eligibility for tenants.
Who needs to submit the rental application?
Each co-applicant and each occupant aged 18 years and older must submit a separate application. However, spouses may submit a single application if they are applying together.
What information do I need to provide on the application?
The application requires personal details such as full name, address, and driver's license number. Employment information, income, previous rental history, pet ownership, and potential criminal history are also requested. It's important to provide accurate and complete answers to ensure proper evaluation.
Is the application fee refundable?
The application fee is non-refundable. It partially covers the administrative costs of processing the application. An application deposit may be required, which could be refundable under certain conditions if the application is not approved.
How quickly will I be informed about my application status?
You will typically be notified of your application status within 10 days after the property manager receives a completed application. If you do not receive notification within this timeframe, your application is considered disapproved.
What happens if my application is approved?
If your application is approved, you must sign the lease contract within three days after receiving approval, or five days if notified by mail. Failure to sign may result in keeping your application deposit as liquidated damages.
Do I have to disclose any criminal or rental history?
Yes, you must disclose any past rental issues, such as evictions or lease violations, and any criminal history, including charges or convictions. This information is crucial for property managers during the assessment process.
What are the security deposit requirements?
The security deposit amount will be specified in the lease contract. The application deposit may be credited towards the security deposit upon signing the lease. Failing to provide the required security deposit after approval could lead to the application being denied.
Can I withdraw my application once submitted?
Once submitted, you cannot withdraw your application without forfeiting the application deposit. If you decide not to proceed after submission, the application deposit will be retained as liquidated damages.
What should I do if I have a medical emergency?
The application allows you to list a doctor to notify in case of an emergency, but it's important to note that the property owner is not responsible for providing medical information or contacting emergency personnel. You should ensure your emergency contacts are established outside of the rental process.