Unless you are well-versed with rental market and everything it entails, it is advisable to consult a rental agent when looking for a rental. Rental agents have the knowledge, skill and experience that it takes to look for the best rental as per a client’s financial and personal requirements. A rental agent helps with documentation, creating a good impression for tenant screening and also ensures time and money are saved.

A rental agreement is a legal document that binds a tenant and property owner to certain rights and responsibilities pertaining to rental property. It consists of crucial details relevant to the duration of the tenancy, rent to be paid every month, security deposit, renewal of lease, the expiration of the lease and other rental details.

The main purpose of a rental application is to assess a prospective tenant on the basis of personal information, employment, income, references, residence history and more. There is no standardized rental application available for property owners but there are ways with which the same can be prepared as per the Federal guidelines.

A good location, luxury and innovation rank high on the priority list of Gen Y renters. As per the trends, it has been observed that this generation wants a renting option that will improve their life experiences. So, rentals that match their expectations stay competitive in the rental market and garner better returns.