4. The history of tenants that shows the residence, but not the rental history of third parties, may require a deposit equal to one month`s full rent, a qualified roommate or a co-signer. 3. Each adult must submit a complete and accurate application that lists the current rental reference and at least one previous rental reference with telephone numbers. (Incomplete applications are referred to the applicant). (2) Any information received by the lessor as a result of an oral or written rental reference examination, with the exception of the late tenancy, of 3 or more substantial breaches of a tenancy agreement within one year of the date of the application, which resulted in notifications to the tenant, residual claims due to the lessor or breaches of the lease that led to a termination with the case; OR TIP: For information on rental options, please contact your CENTURY 21 agent®. (4) the balance for damage to rental property under $500; 2. Once the lease is signed by both parties, all instalments will be applied to non-refundable fees. You are invited to read the rental agreement at the time of application. 1. Once you have been approved, you are ready to sign the lease and pay all deposits within 24 hours. A leasing option is an agreement between the buyer and the seller to buy a home after the rental for a specified period.
A portion of the rent would be applied to the purchase if the option is exercised. This is called rental credit. Most institutional lenders accept rental loans as part of the down payment when rents exceed market rent and a valid tenancy agreement is in effect. The credit application is accompanied by a copy of the valid lease. Read each leasing option contract carefully for details on the option transfer and other important concerns. 1. A year of verifiable rental history of a current third-party tenant is required. (Rental references that end 12 months before the application date are considered to be up to date). 1. Applicants must be able to enter into a legal and binding contract.