Remove Applicants Remove Applications Remove Definition
article thumbnail

What Is a Co-Applicant in a Rental?

Bay Property Management Group

But then you see the word “co-applicant” on the form, and you’re wondering… what is a co-applicant? Main Takeaways What is a co-applicant? Having a co-applicant can boost approval odds shared income and stronger credit can help secure a rental, but missing payments affects both applicants.

article thumbnail

Understanding Non-Occupancy Charges in Housing Societies

ADDA

Tamil Nadu: No Legal Provision, Uniform Maintenance Suggested Applicable Laws: Tamil Nadu Apartment Ownership Act Tamil Nadu Societies Registration Act Stand on NOC: No provision in law permits societies to impose non-occupancy charges. When Are Non-Occupancy Charges Not Applicable? Q2: Is NOC applicable for family stays?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Credit Score Do You Need To Rent An Aparment?

Bay Property Management Group

Now that we know what the definition of a credit score is, let’s now deal with what credit score you need to rent an apartment. When landlords see that you are dependable in other ways, they might consider your application anyway. So, they need to use your credit score to get a better idea of what your financial behavior is like.

article thumbnail

How Extensive Are Background Checks for Apartments?

Bay Property Management Group

Well, heres the thingtheres no federal law that says landlords have to run background checks on apartment applicants. Note, however, that laws can vary by your state and town, so you should check those for definitive information. Highlighting your responsible payment history, if applicable, can also do wonders to reassure landlords.

article thumbnail

8 examples of automated property management systems you can start using today

Buildium

Digital Lease Generation and E-Signing Once an applicant is approved, the lease agreement is auto-generated using a template populated with data from their application. For a more practical point of view, let’s dive into examples of these systems at work across various categories: 1.

article thumbnail

Finding the Perfect Multifamily Property

American Apartment Owners Association

Vacancy rates Before you purchase a multifamily property, be sure to investigate the current vacancy rate in the building and the surrounding area to assess tenant turnover and potential rental income stability.Multifamily homes by definition have multiple units and therefore, separate income sources.

article thumbnail

How to Form a Resident Welfare Association (RWA) in India: A State-Wise Step-by-Step Guide

ADDA

Send the application to the Registrar of the relevant jurisdiction (Societies/Co-operative/Apartment Act Registrar). Indian State-Wise Guidelines for RWA Formation The state of Karnataka The Karnataka Apartment Ownership Act of 1972 (KAOA) is the applicable law. Online filing portals are now available in some states.