What is an apartment statement?

This is a statement of the condition of the premises you have leased or rented. You should read it carefully in order to see if it is correct. If it is correct, you must sign it. This will show that you agree that the list is correct and complete.

Why do apartments want bank statements?

Bank Statement/Bank Account Number A landlord or property manager may ask for your bank account number to ensure that you actually have a bank account and make enough to cover the rent. They may also want your bank account number in case you miss rent payments.

Do apartments check if pay stubs are real?

The next thing you might wonder is, do apartments check if pay stubs are real? The answer is yes, and no. A traditional landlord might not go to a lot of extremes to check the validity of your pay stubs. An income-restricted building will, though.

Why do apartments want you to make 3 times the rent?

Landlords usually take this number and ask renters proof of income for 3 times the rent because they need to have proof that the renter can afford the place and won’t stop paying for the rent, which could lead into an eviction.

What’s the next step in the rental application process?

The next step is to fill out an application for your potential new apartment. Landlords and property managers use rental applications as part of their screening process to determine if potential renters will be good tenants. Here’s everything you’ll need to know to move through the process smoothly:

What does it mean to have just received something?

“Just received” is slightly different in meaning, as it implies that the goods arrived a very short time before writing. 1 Reply

Can a landlord accept a pay stub as proof of income?

The pros of accepting pay stubs as proof of income for rental properties include: Pay stubs are easy for the landlord to read. The applicant can obtain them with little effort. It’s simple for the landlord to verify that the applicant works for the employer listed on the pay stub.

What should a landlord look for on a property application?

The landlord should ask applicants for the most recent two months of bank statements. In this example, you can see the bank’s name, the applicant’s name and address, and the statement date. You also can see total deposits and withdrawals.