Rental Application – Used by landlords to assess a potential tenant’s financial situation and ability to pay rent.
Required Disclosures (3)
1. Lead-Based Paint Disclosure & EPA Pamphlet – Tenants moving into a property constructed before 1978 must be made aware of the possible presence of lead-based paint.
2. Move-in Checklist – Tenants paying a security deposit should receive a move-in checklist to document the condition of the property within five days of moving in.[1]
3. Security Deposit Receipt – Tenants paying a security deposit should receive details of the bank and account where the deposit is being held.[2]
Rent Payment Laws
Grace Period – None.
Maximum Late Fee – None.
NSF Fee – A landlord can charge up to $25 as a penalty for a bounced check.[5]