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The tenant screening process typically begins when the prospective tenant (each adult applicant) completes a rental application and pays an application fee and perhaps a holding deposit. Rental applications are designed to collect personally identifying information (name, social security number, date of birth, etc.), address, employment ...
The "last month's rent" is rent that has yet to be earned by the landlord. A rental agreement or lease may include a "rent review" clause which makes provision for the rental amount to be increased, the process for the landlord to provide notice of a rent increase and the options available to the tenant regarding acceptance or rejection of the ...
FAIR prioritizes accessible units for people with disabilities, limits landlords from requiring tenant incomes to be 2 to 2.5 times higher than rent and includes limits on using credit and criminal histories as criteria for denying a person’s rental application.
The landlord-tenant relationship is defined by existence of a leasehold estate. [4] Traditionally, the only obligation of the landlord in the United States was to grant the estate to the tenant, [5] although in England and Wales, it has been clear since 1829 that a Landlord must put a tenant into possession. [6]
Tenant-oriented software for lease administration was available in the early 1980s. Later developments in this industry led to the release of cloud software applications which provide a web-based platform and are usually priced on a subscription basis with minimal if any capital expense cost and monthly or annual fees.
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