Rent to Own Application

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Rent to Own Application Powered By Docstoc
					This document provides a template application for an individual seeking a rent-to-own
property. The applicant must provides personal information, employment information,
income and monthly expenses information, and answer a series of questions designed
to assess the applicant’s creditworthiness, such as dates of bankruptcy, foreclosures, or
amount of cash available for a down payment. This template application should be
used by property owners or property managers when seeking to identify and assess
individuals applying for rent-to-own properties. This agreement could be used for real
property or personal property.
                        CONTRACT / RENT-TO-OWN APPLICATION
What property(s) are you interested in?__________________________________________________________

Why and when do you want to move?__________________________________________________________

Personal Information:

First Name_________________ MI_____ Last Name____________________________

Social Security No.________________________________          Birth Date__________________________

Marital Status_______________________

Spouse/ Roommate Name____________________________________________________________________

Current Address______________________________________ Rent / Own_______ How long?____________

Home Phone No.____________________ Work No.__________________ Cell No.______________________

Fax No._____________________ Email Address____________________________

Nearest living relative ____________________________________ Phone No.____________________

Employment Information:

Status (circle one): Employed / Self-Employed / Not Employed / Disabled, SS / Retired

Employer Name____________________________________ Job title_________________________________

How long at this job?______________________ How often are you paid?______________________________

Annual Gross Pay $_______________________

Supervisor's name & title____________________________________ Phone No._____________________

Income:

Child Support / Alimony Received $________________ Other Monthly Income $_______________________

Cash value of Checking, Savings, Investments, Retirement, etc $_____________________________________

Cash value of Cars, Boats, Antiques, etc $__________________________________________________

Monthly Expenses:

Child Support / Alimony Obligations $________________        Current Housing Pmt $______________________

Vehicle Loan Pmt(s) $________ Balance Owed $_____________ No. times 30+ days late past 12 mo.____

Credit Card Pmt(s) $________ Balance Owed $_____________ No. times 30+ days late past 12 mo._____
Student Loan Pmt(s) $________ Balance Owed $_____________ No. times 30+ days late past 12 mo._____

All Other Debt Pmt $________ Balance Owed $_____________ No. times 30+ days late past 12 mo._____

Other:

No. of times in last 12 months 30+ days late for loans now paid off_______

No. of times in last 12 months 30+ days late for housing payment_______

Date of last bankruptcy discharge?___________ Chapter?______

Date of last foreclosure / forfeiture?________________________

Amount of judgments against you $____________________ Delinquent federal debts $__________________ Date

you last checked your credit score________________ Score_________________

Cash available for down payment $___________________ Source of funds____________________________

Down payment gift or loan that you can obtain from friends, family, etc $_______________________________

Maximum monthly house payment you think you can afford $____________________________

When did you last refuse to pay rent? ____________ why?__________________________________________

When were you last evicted? _______________why?_______________________________________________

When were you last involved in litigation?_____________why?______________________________________

Please list four character references that are not related to you:

Name / relation / phone #__________________________________________________________________

Name / relation / phone #__________________________________________________________________

Name / relation / phone #__________________________________________________________________

Name / relation / phone #__________________________________________________________________

We perform detailed credit and background checks on all applicants. Please use this space to explain any credit
issues, judgments, criminal activity, evictions, foreclosure/forfeiture, etc:
I declare that the statements above are true and correct, and I hereby authorize verification of references and a
consumer credit check. I also authorize the landlord, ___________________ or its designees to obtain information
about me from current and previous landlords and employers, criminal background checks and personal character
references. I authorize my credit sources, current and previous landlords and employers, and personal references to
disclose to ________________________ or its designees such information about me as they may request. I
understand that pursuant to 
				
DOCUMENT INFO
Description: This document provides a template application for an individual seeking a rent-to-own property. The applicant must provides personal information, employment information, income and monthly expenses information, and answer a series of questions designed to assess the applicant’s creditworthiness, such as dates of bankruptcy, foreclosures, or amount of cash available for a down payment. This template application should be used by property owners or property managers when seeking to identify and assess individuals applying for rent-to-own properties. This agreement could be used for real property or personal property.