Documents Needed to Rent an Apartment, Condo, Home
Looking for an apartment in Chicago is exciting. When you find the one for you, the urge to nab it up before someone else does is perfectly natural, but there are a few important steps you must take before the place is yours. In order to increase your chances of getting the place you want, be proactive and bring the following documents with you to your showing appointment (and bring your checkbook too-many landlords will not process an application without the first month’s rent check in hand).
Bring these documents with you when you go to look at a place, and you’ll be best poised to get the place you want over the competition:
1. The Application: you'll probably have to fill out a formal application (like ______) which includes your income, rental history, and other general information.
2. The Credit Report: The landlord or leasing agent that showed you the apartment will begin by running your credit history, for which you will be charged a small application fee (usually around $35). Some landlords like to run it themselves, and some will accept a recent (within last week or so) credit report that you’ve pulled. You can get your credit report for free. It’s a good idea to get your credit report in advance so you know your credit scores and can fix or explain any issues that show on your credit report.
3. You'll also be required to provide a photo ID (make a copy of your drivers license to bring)
4. Two most recent pay stubs to verify your income (once again bringing copies with you to the showing increases the odd the landlord will give your application top consideration).
Once you’ve applied and been accepted, you still need to sign a lease before it’s a done deal.
The Lease: The landlord will supply a lease, the only thing left to do now is sign your lease and pick up the keys. At the time of the lease signing, you'll also pay any security deposit or additional move in/out fees that are required.. Read up on your rights as a tenant in Chicago.
Utilities: Some final expenses to consider before moving in are monthly utility bills for Internet/cable, gas and electric. In some buildings, heat is included in the cost of rent; others offer free Internet or other utilities as well, which can be used to sweeten the deal. Be sure to sort out what utilities come with the apartment before signing the dotted line.