How To Prepare For Renting An Apartment
Four things that you will need during the application process.
1 min read
In today’s climate, many have been exploring the rental opportunities that have recently presented themselves. With GTA housing prices still staying steady, the rental market is very competitive, with low vacancy rates. To secure the unit they want, prospective renters usually have to act quickly before another tenant scoops it up. At Westhaven, we encourage renters to be prepared with the necessary information to make it easier for everyone in the renting process.
These are four main things that you should have ready.
A Rent Deposit
Most landlords will ask for the first and last month’s rent when agreeing to a tenancy. Having this money ready and accessible in your account is highly recommended.
An Employment Letter
Landlords will want an employment letter, stating your income and guaranteed hours, if any. The employment letter allows landlords to understand if you are financially capable of renting an apartment.
References
A list of references provides the landlord with several people who will speak on your behalf, to let the landlord know why you are a great candidate to rent.
Up To Date Credit Check
An up to date credit check also gives a landlord insight into your financial situation, as it speaks to your ability to pay owed debts.
Having these four items ready will make such a stressful process so much easier for both the landlord and yourself.
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