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Good documentation is one of the keys to successful property management. In order to maintain good documentation, most landlords begin leasing arrangements with rental applications. A properly completed rental application allows a landlord to organize and evaluate applicants for a piece of property. It also allows the landlord to use the information provided to run credit and background checks on those individuals and companies. Collectively, this information can be used to select prospective tenants who will pay their rent promptly and take care of the property. In addition, the application can help shield a landlord from claims that it selected applicants for improper and discriminatory reasons.
As a landlord, it's vitally important that you have a document that both you and your tenant can trust. Your prospective tenant needs assurance that he/she will not be asked unnecessary or illegal questions and will be considered for the rental on a fair basis. As a landlord, you need reassurance that the applicant will be a good and responsible tenant who is willing and able to make timely rent payments and treat your property with the same care you do. A LegalZoom Commercial Rental Application, together with a reliable real estate lease, reduces your liability risk and helps protect your investment. It also builds a strong foundation for the relationship you establish with your tenant. This will give you and your tenant the confidence to start your relationship on the right foot with mutual respect and trust.
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