What Is the Ontario Residential Property Application Form
A rental application is handed out to tenants to evaluate prospective tenants interested in renting a residential living space. The applicants will then fill in the information required and return it to the landlord if they want to be tenants. Landlords can then use the provided information to perform credit checks, criminal background checks, among others, with your consent.
Information Required on Ontario Residential Property Application Form
Before filling out this application, it is essential to know the kind of information required by the landlord.
- Personal details ( name, contact information, family or pet information, and the Social Insurance number).
- Rental history and Previous landlord details
- Personal and spouses employment information
- Banking information
- Vehicle Information
- Credit and criminal check authorization
- Personal references
How to Complete Ontario Residential Property Application
Firstly, for a first-timer, you are not required to provide previous addresses or references. Below are some of the steps to follow and the basic requirements when filling out this form:
Section 1: Personal Information
The first section involves adding personal details. That includes name, driver’s license number, occupation, date of birth, and social insurance (Used to check the credit score). Other details include family names and their relations and pet information.
Section 2: Rental History
Use the spaces provided to fill out the rental history and previous landlord’s details. Most forms are limited to two places of residence.
Section 3: Employment Information
This part says a lot about your financial capability to rent the desired premises. It Involves you stating your employment status. Anyone applying is required to give details regarding their present and past employment, including the spouse’s employment information. Some data required includes the employer, addresses, position held, duration of work, and the salary range. Make sure to give accurate information.
Section 4: Banking Information
You are required to submit the bank information, including the chequing account and savings account. Another area that landlords evaluate is financial obligations. Those are any bills, loan payments, and any other debts.
Section 5: Personal References
This portion includes listing references a landlord can contact to confirm the information provided. Provide their details, occupation and state the level of acquaintance between you two.
Section 6: Vehicle Information
Provide information about personal automobiles. Fill out the make, model, year, and license number.
Section 7: Terms and Conditions
This final part includes your signature and written consent stating the landlord has authority to conduct credit and background checks. It also declares the application is not a binding agreement and is subject to verification. If an application is not a success, the landlord must refund any deposit. It is essential to read through this section as terms may differ depending on the landlord or realtors.
Common Uses of Ontario Residential Property Application Form
A landlord can use a rental application form to choose and verify a potential tenant. The form provides enough information to check and find the credit information about an applicant and links towards getting a house lease. The form can be used as stat data to determine the number of rentals and tenants in a specific estate or area, especially realtors.
Who Needs to Fill Out Ontario Residential Property Application Form
Anyone who has come of age to live alone can fill out a rental form. The applications are open to first-timers with no apparent rental history. Students with no income can still fill out an application, provided they give information highlighting any funding or support from family. It is unlawful not to rent a housing unit to a tenant because their income may appear too low. However, some landlords may place their apartments as only old houses, limiting younger applicants.
