Here’s what you need to know about the laws surrounding Florida rental applications in the sunshine state. As a general rule, you should include the following steps.
1. Fill out rental application HERE (Rental application completed before viewing properties)
2. All applicants 18 years or older must complete the rental application.
3. All applicants are financially responsible unless excluded under the definition of Occupant: Children and other dependents not legally able to bind themselves by contract are occupants by default.
4. Gather the necessary documentation to then place an offer on the property you want to rent. What documentation? keep reading...
This really boils down to three things:
1. Rental application complete
2. Credit report
3. Proof of funds
Landlords can request proof of income (funds) documents from each potential tenant to determine if they can afford to pay rent and a credit report that list your bill payment history, financial information and also show evictions.
Pay stubs, tax returns, bank statements, and a letter of employment are a good way to show proof of income.
It can seem especially challenging to renters moving from other cities where different procedures and/or requirements are expected. But with the right Realtor to assist you every step of the way, it’s actually quite easy.
Did you know in Florida, the real estate commission is covered by the landlord so there is no cost to the tenant whatsoever.
When renting a condo, apartment or a home in South Florida an amount equal to three months rent plus building fees would generally be required. First and last month rent plus security deposit.
1. We will prepare an offer called “Contract To Lease” with all documentation needed.
2. Offer accepted, great! Here is where you need to make the first deposit "Earnest money", usually one month.
3. Sign the "Lease Agreement" and apply with the Association (HOA). This process could take from 1 to 7 days every association varies.
4. Final Walk-through and keys delivered. Here you have a chance to take one last look at the property and make sure all terms of the contract have been fulfilled.
