Somewhere in the tenant screening process, tenants are usually required to fill out a lease application that will help determine if they are a good fit for the property or not. Lease applications are pretty standard but you can modify the required information if your lease requires you to. So, what exactly is a lease application?
A lease application, like any other application, requires tenants to put down basic information that goes into making the decision about renting your property out to them. Basically, contact information, previous residence(s), proof of income, criminal history, and employment history are all standard on rental applications.
Rental applications are a great tool for weeding out the people who really aren’t interested in your property. If someone who is very unsure of whether or not the home is right for them, they won’t want to waste time filling out an application. Plus, a fee is usually required of the tenant, to be submitted with the application; not surprisingly, this is referred to as the application fee. They aren’t going to want to pay a fee if they don’t think they’ll actually end up living there. If you have multiple people interested in your property, tell them about the rental application and their responsibility to fill it out and pay the fee; those who are truly interested will be the ones to stick around for the entire process.