What Happens After Your Rental Application Is Approved?

So, you've conquered the rental application process and gotten the good news!

Now comes the exciting (and sometimes overwhelming) part: figuring out what happens next. In this guide, we'll walk you through the steps to take after your rental application has been approved, from signing the lease to scheduling your move-in. We'll also answer some common questions to help you navigate this new chapter with ease.

What Happens After Your Rental Application Is Approved?

1. Receive and Sign the Lease

Congratulations on your rental application approval! The next step is finalizing your lease. How quickly you receive the lease depends on your move-in date. If you already know the unit you're moving into as well as the date, expect it right away. For waitlists, or situations in which you will be assigned a unit later, you might wait a few weeks or even months. This is because landlords can't fill out your lease until you have a move-in date and unit finalized.

When you do receive the lease, make sure to review it, paying close attention to terms and conditions like rent amount, due date, pet policies, and restrictions. Don't hesitate to ask your landlord or property manager to clarify anything.

2. Pay Security Deposit and Fees

After signing the lease, you'll typically need to pay several fees. These usually include a security deposit (often one or two months' rent), first month's rent, and potentially a pet deposit or pet rent. You might also encounter an application fee and other charges for parking, amenities, or services. Inquire about preferred payment methods and deadlines.

3. Schedule Move-In

Coordinating your move-in is crucial for a smooth transition. Confirm your move-in date with your landlord or property manager, determine the time you can access the property, and arrange for key exchange. If you need assistance, schedule movers or enlist help in advance.

4. Switch Over Utilities and Change Your Address

To ensure uninterrupted services and receive important mail, contact electricity, gas, water, internet, and cable providers to schedule service connections. If possible, transfer existing accounts to your new address. Update your address with the post office, banks, credit card companies, and other important contacts. If applicable, notify your employer and your children's schools of your new address.

By following these steps, you'll be well-prepared for your move and can enjoy your new home without unnecessary stress.

FAQs about Rental Application Approval

How long does it typically take to receive a lease?

The timeframe for receiving a lease varies depending on several factors. If you're moving in soon, you'll likely receive it promptly (within one to three business days). However, if you're on a waitlist, you might wait a few weeks or even months. The reason is that your landlord will wait to draft a lease until a unit and a move-in date have become available.

What if I can't pay the security deposit upfront?

Unfortunately, most landlords require the security deposit upfront when signing the lease. However, it's worth discussing your situation with the landlord. They might be open to alternative arrangements, such as breaking up the deposit into installments or accepting a guarantor. It's essential to be transparent about your financial situation and explore all possible options.

Can I negotiate lease terms?

While landlords typically have standard lease agreements, there's often room for negotiation. You can try to negotiate rent, lease length, pet policies, or other terms. Be respectful and prepared to offer compromises. Remember, landlords are more likely to negotiate with strong rental applications and a good rental history.

Should I follow up on a rental application?

It's generally a good idea to follow up on your rental application after a reasonable amount of time (after three business days). A polite and brief inquiry about the status of your application shows your interest in the property. However, avoid being overly persistent, as it could be percieved as rude.

Does a rental application hurt your credit?

Submitting a rental application can involve a hard credit check, which can impact your credit score. However, the impact is usually minimal, and the inquiry will only stay on your report for a short period.

What makes you stand out on a rental application?

To make your rental application stand out, focus on demonstrating your reliability and responsibility as a tenant. Highlight a strong rental history, stable income, and good credit. Be prepared to provide excellent references from previous landlords. Clear and complete application forms, along with prompt communication, also leave a positive impression.

Still Looking for a New Apartment?

Ready to find your perfect new home? Congratulations on taking the first step towards your next adventure! Now that you know what to expect after your application is approved, it's time to start your search. Browse our extensive apartment listings to discover your dream space. With a variety of options to choose from, you're sure to find the perfect place that fits your lifestyle and budget. Don't wait, start your search today!