What is the Ontario Residential Property Application form?
The Ontario Residential Property Application form is a document that potential tenants fill out when applying to rent a residential property. It collects essential personal and financial information, allowing landlords to assess the suitability of applicants. Information such as the tenant's name, employment details, income sources, and references are included in the application.
What information do I need to provide in the application?
When completing the application, you will need to provide your full name, social insurance number, date of birth, current address, phone number, and details about your current landlord. Additionally, you will need to list the individuals who will be living in the rental, your reasons for moving, and a history of your past addresses. Employment history, income details, and banking information are also required.
What happens after I submit my application?
Once your application is submitted, the landlord or their representative will review it. They may conduct background checks, which could include checking your credit history and contacting your references. This process helps the landlord evaluate your rental history and ability to pay rent.
Is there a deposit required with the application?
Yes, a deposit is typically required when submitting the application. This deposit is applied to the first month’s rent if your application is approved. It’s important to note that if you withdraw your application, the deposit may not be refunded, as it could cover the costs related to finding another tenant.
What if my application is not accepted?
If the landlord decides not to accept your application, they are not required to disclose their reasons. However, you will receive a full refund of your deposit. This process protects both the applicant and the landlord while maintaining transparency in the application process.
Do I have to inspect the property before applying?
Yes, you should personally inspect the rental property before submitting your application. By doing so, you can confirm that the property is in acceptable condition. The application includes a statement that you acknowledge this, and it ensures that you know what to expect if your application is accepted.
What if my application is accepted?
If your application is approved, you will need to pay the full amount of the first and last month’s rent before receiving the keys to the rental unit. At this stage, a binding offer to rent is created, and it’s essential that you sign a lease or written tenancy agreement as specified by the landlord.
Can I apply with a co-tenant?
Yes, you can apply with one or more co-tenants. Each tenant will need to provide their information, such as name, employment history, and income details in the application. This is important for an accurate assessment of your combined ability to pay rent and fulfill lease obligations.
How can I contact the landlord for further inquiries?
If you have more questions or need additional information, you can contact the landlord’s source center at the provided phone numbers. This resource can help clarify any doubts regarding the application process or property details.