Filling a rental application is the initial process of settling into a rental home of your choice. The process requires supporting personal and financial documents in order to get approval for moving into the unit. Being prepared and educated about the process of rental application can save time and speed up the process.

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.