The Complete Guide to Landlord Forms

With the economy showing signs of recovery many people are considering investing into properties to earn rental income. With property prices dropping and interest rates at the lowest in a generation it seems to be a perfect opportunity. If you are able to secure a nice piece of real estate for passive income, the process of sourcing for qualified renters. In order to screen out qualified renters a properly constructed landlord form or application form will give you a distinct advantage. There is nothing more costly to a landlord than a property that is not generating revenue.

You can search online for your Landlord Forms or you can design your own. One of the benefits of designing your own form is you have the flexibility to structure it in a way that you prefer. There are certain laws and regulations that must be adhered to when drafting up your landlord Forms. What are these rules and regulations you may ask ? Depending on the state or community where you live the rules vary, there are some broad based rules though. You cannot ask questions regarding race or religion or refuse to rent a property to a prospective renter based on his or her race or religion. You also cannot refuse to rent people who have children unless you are in a retirement community. These are a few of the common taboo questions to cover in a landlord form.

What information should I request to make the best decision on a potential renter ? When the renter is filling out your landlord form you must make it a priority to get permission to run a credit check on the person. Your property is an investment and you want to ensure the potential renter has an established track record of paying their bills on time. If they cannot show a consistent history you may want to discuss with them what happened before handing over the keys. Sometimes it could be circumstantial i.e. sickness or loss of job, which is common in this economy. If it is chronic bad credit due to lack of budgeting then your landlord form will highlight this and you can move onto another potential renter. Another important element of your landlord form is acquiring information on the renters employment status, you want to know where they work, for how long and their annual income. You want to ensure that the prospect can afford to pay for the property.

You have a renter in front of you and they have completed your landlord form for your property. Before you give them the keys for the property you must complete your due diligence on the process. One way to determine if the potential renter is serious is to ask for a refundable deposit upon completion of the landlord form. if they do not provide a deposit think twice. A renter who is serious will be happy to provide a deposit which you can return if after further investigation of their landlord form they turn out to be not qualified.


James is an expert in writing about legal forms and documents that may help you when your in the search of the right legal document. He writes many articles about forms ranging from, power of attorney forms, landlord tenant forms, and almost any legal form that your searching for.