After we have approved the applicant, we will contact the applicant's REALTOR® or the applicant themselves to inform them that they have been approved for the property.
We will then make arrangements for them to come into our office and formally sign the lease.
We always try to get the applicants into our office within 48 hours of the approval, just as a matter of policy.
During the lease signing, the applicants will be presented with many more forms for their signature. To begin, they will be presented with the Agency Disclosure document, so they will understand that we as a company are working in the best interests of the Landlord.
They will then be presented with the lease itself. The Residential lease is a 14 page document, which addresses most issues that will be of concern to both the tenant and the Landlord.
Both the tenant and the Landlord generally feel that the document is in favor of the other, so we as property managers feel that it is a relatively fair and un-biased document! If the applicants have pets and the Landlord has agreed to make the property available to tenants with pets, the new tenants will sign a Pet Agreement.
Additionally, if they are moving into a property that was constructed before 1978, they too will be presented with the Lead Based Paint Addendum, and they will also be provided with valuable information about protecting their family from Lead-Based paint hazards.