Congratulations! You’ve been approved for a rental property. But what happens after the rental application is approved? You’ve passed the credit check, submitted your pay stubs, and provided references, but the process doesn’t stop there. It’s easy to think you’re home-free once your rental application is approved, but that’s not the case. Without understanding the next steps, confusion can arise, making you feel lost.
This guide covers the steps you’ll need to take, from signing the lease to moving in. You’ll need to handle several steps before moving in, so it’s good to be prepared.
1. Notification of Approval
Once your rental application is approved, you will be notified by phone call or email, with email being more common for written confirmation. This notification typically arrives within one to three business days after submitting all requested documents, including your credit report and completing the rental application approval process.
As part of this process, prospective tenants are often assessed based on their credit history, rental history, financial standing, and even employment verification. A thorough review of your credit report helps the landlord or property management company evaluate your ability to meet rental obligations.
If you haven’t heard back within the expected timeframe, follow up with the landlord or property management company to ensure your application, including your credit report, was received and is being processed. This proactive approach also demonstrates your genuine interest in the rental property.
Upon receiving the good news, take a moment to celebrate! You’ve successfully completed the rental application process and are one step closer to moving into your new apartment.
2. Signing the Lease Agreement
After being approved for an apartment, the next step is signing the lease agreement. This legal document outlines all the terms and conditions of your stay, including:
- Policies
- Responsibilities
- Monthly rent
Read the lease thoroughly and understand every detail before signing it, as this is a binding agreement between you and the landlord. It’s also helpful to reflect on any positive or negative experiences you’ve had with previous landlords, as these can offer insights into what to look out for or clarify in the lease. For example, consider how your previous landlords handled repairs, enforced policies, or communicated important information.
Many leases are now signed online, which can be convenient, but it does not eliminate the need for careful review. If unsure about any clauses or terms, consulting an attorney or a property manager can ensure the lease complies with state laws and protects your rights. Both the tenant and the landlord must sign the lease to make it valid, and all adults who will live in the rental unit must also sign.
After signing the lease, keep a copy for your records. This document will be essential for reference throughout your tenancy, especially if any disputes arise.
3. Paying the Security Deposit and First Month’s Rent
After signing the lease agreement, your next task is to handle the financial aspects, starting with the security deposit and the first month’s rent. The security deposit is usually equivalent to one or two months’ rent and safeguards the landlord against any potential damages or unpaid rent.
Payment methods for the deposit can vary, but they typically include:
- Checks
- Money orders
- Electronic payments
Some landlords might also require upfront payment of additional fees, such as the last month’s rent. Understand the state laws regarding security deposits, as these funds must be held in a separate bank account and may be subject to specific regulations.
After making these payments, you’re financially set to move into your new home. Obtain receipts for all transactions, ensuring you have proper documentation if any issues arise.
4. Setting Up Utilities and Services
Now that the financials are out of the way, it’s time to set up your utilities and services. Common utilities that need arranging include electricity, gas, water, trash collection, and internet. Some rental properties may consist of certain utilities in the rent, which simplifies payment but may also increase the overall cost.
Check your lease for specific details on which utilities need to be set up and if there are any preferred providers. Research different providers, inquire about new customer promotions, and be prepared with your payment information to streamline setting up utilities.
Utility costs can vary greatly depending on several factors, such as:
- The size of the residence
- Usage patterns
- Number of occupants
- Location
- Seasonal changes
Utility payments are generally made monthly, but confirm the billing cycle for each service.
Having a list of local service providers for emergencies, like plumbers and electricians, can also be beneficial.
5. Conducting a Move-In Inspection
Before unpacking your boxes, it’s essential to conduct a move-in inspection. This step allows both you and the landlord to document the rental unit’s condition before you begin your tenancy. The landlord will usually provide a checklist for you to note any pre-existing damage or issues.
During the inspection, carefully examine each room for any signs of:
- Excessive damage
- Filth
- Unauthorized changes
Document any findings with photographs and written notes, which should be compared with the landlord’s observations. This documentation can protect you from being held responsible for pre-existing issues when you move out.
Thoroughly completing this inspection ensures a fair and smooth tenancy, protecting both you and the landlord from potential disputes over the unit’s condition.
6. Getting Keys and Moving In
With the inspection complete, it’s finally time to get the keys and move into your new apartment. Arrange a meeting with your landlord to discuss any final details, such as rules, regulations, and procedures for maintenance requests. This is also the time to ask about any monthly fees, penalties for lost keys, and costs of optional amenities.
Organize logistics like hiring movers or renting a truck for moving day. Pack essential items separately for easy access, smoothing your first day in the new apartment.
Once you have the keys, it’s time to start making your new space feel like home.
7. Introducing Yourself to Neighbors
Settling into a new apartment also means getting to know your neighbors. Start by making eye contact and offering a friendly smile or wave. When introducing yourself, clearly state your name and the names of others in your household to help neighbors remember you.
Finding common interests or asking questions can lead to genuine conversations and help build a sense of community. After your initial meeting, consider sending a follow-up text with your household name and address to reinforce the connection.
Being respectful and considerate of your neighbors will contribute to a positive living environment for everyone.
8. Understanding Your Responsibilities as a Tenant
As a tenant, you have several responsibilities for maintaining a harmonious living situation. First and foremost, ensure that your rent is paid on time as outlined in the agreement. This is a fundamental obligation, and failing to do so can lead to serious consequences.
Another key responsibility is keeping the rental property clean and habitable, including routine cleaning and minor repairs to prevent major issues. Additionally, you must follow all lease terms, which may include rules regarding pets, noise, and subletting.
Effective communication with the property management team is also essential. Proactive communication addresses potential issues before they escalate, fostering a positive relationship.
9. Communication with Property Management Company
Maintaining good communication with your property management company is crucial for a smooth tenancy. Whether you’re a prospective tenant whose rental application has been approved or already residing in the property, staying in touch with the property manager and owner ensures a transparent relationship. Reporting any maintenance issues promptly helps ensure the safety and upkeep of the rental property.
Additionally, clear communication from the start streamlines the background check process for new tenants. Utilizing multiple communication channels, such as email and text messaging, will keep you updated and engaged.
Hence, effective communication addresses potential issues before they escalate and fosters a positive relationship with property managers and owners, contributing to a pleasant and trouble-free living experience.
10. Preparing for Lease Renewal or Termination
As your lease term comes to an end, you’ll need to decide whether to renew, extend, or terminate your lease. Landlords usually notify tenants about renewal options approximately 90 days before the current lease ends. If you decide to renew, the new agreement may have similar terms with a possible rent increase, usually between 2-5% annually.
Generally, fixed-term leases specify an end date, while month-to-month agreements usually require a 30-day termination notice. If you choose not to renew, you’ll need to follow the procedures outlined in your rental agreement to end the tenancy.
Consider factors such as rent increases, property condition, and your relationship with the landlord before deciding.
Finalizing Your Rental Process with a Las Vegas Property Management Company
Once your rental application is approved, the next steps are straightforward. You’ll typically sign the lease, pay any remaining fees, and schedule your move-in date. It’s an exciting moment, and having everything in order ensures a smooth transition into your new home.
Your property manager may request additional documents like pay stubs or bank statements to verify your ability to pay rent reliably. Most landlords also require proof of renter’s insurance. At this point, you will coordinate with the leasing office to set a move-in date. At Faranesh Real Estate and Property Management, we’re committed to making the rental process as seamless as possible. With years of experience, we handle every step smoothly. Contact us today to get started on your next rental journey.
