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For pdfFiller’s FAQs
Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.
How long keep rental applications?
Generally, landlords should retain records until the tenant is out of time for making a legal claim, somewhere between four and seven years after the event.
Can a landlord accept multiple applications?
Yes. There is no rule or law, or even convention, that tells a landlord when they can accept applications. In theory they could accept applications at any point during the lease.
Why would a rental application be denied?
1. Inadequate or unverified income. The most common reason rental applications get rejected is because of a person's income.
How do I choose between tenants?
Follow the Law. Landlords must treat all prospective tenants equally. ...
Choose a Tenant With Good Credit. ...
Perform a Criminal Background Check. ...
Look at the Tenant's Rental History. ...
Choose a Tenant Who Is Stable. ...
Maximum of Two People Per Bedroom. ...
Trust Your Instincts.
How long does a landlord have to approve an application?
Typically, most applications take 48-72 hours for a decision, but there are instances where it may take more. We should note, the management company has up to seven days to make a decision if they don't make one in the time allotted, the application is considered rejected by default.
How do you tell a tenant their application is rejected?
If you have a thorough screening process in place, then you are requiring a tenant credit report and background check. If your tenant doesn't authorize the tenant credit report and background check, then you should immediately reject him or her. Any tenant who doesn't follow your requirements can't be rented to.
How long do landlords keep rental records?
Prudent landlords usually keep old leases for six or seven years.
How long do you need to keep rental records?
Rental property owners should keep tax records on their investment properties typically for at least seven years.
How long does a landlord have to keep a tenancy agreement?
This should be AT LEAST six years from the end of the tenancy and arguably twelve years from the end of the tenancy. As tenants have a minimum of six years within which to bring a claim, or maybe twelve if the tenancy agreement was signed as a deed. So the details should be kept until all risk of a claim is gone.
How long do apartments keep records?
There are two elements that must be considered: IRS and Fair Housing. The rule of thumb from the IRS is that you are responsible to produce records for 7 years. (Actually, 5 years, but must be able to produce 7 if requested......go figure.) What muddles the issue comes from Fair Housing Regulations.
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