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Work on without any hassle
Compliant with Malaysian law
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Learn more about Rental Application in Malaysia
The Rental Application form is a legal document that assists landlords in gathering information about possible renters. It allows you to discover about a person’s financial situation, employment, and previous addresses. The purpose of this document is to allow a landlord to choose his new tenant(s) based on the replies he gets. In addition to the information page, the Tenant may submit supporting papers to corroborate his application. Themis Partner enables you to obtain a Rental Application that includes all of the required elements for selecting a candidate. A Malaysian or a foreigner can utilize our leasing program to create and execute a future Lease Agreement.
Table of contents
What is a Rental Application?
A Rental Application is a legal document used by landlords to analyze and choose acceptable renters for rental properties. The rental application is an important step in the process of completing a residential lease agreement or rental contract. It allows the landlord to make an informed decision about who will rent their house by requiring the tenant to give vital information about themselves, their income, and their residential history.
Why use a Rental Application?
There is no perfect background check, but with caution, you should be able to increase your chances of finding trustworthy renters who will pay their rent on time and follow the lease terms.
1. Look into their references
It takes time, but it is well worth it. Inquire about their interactions with the applicants with their current and previous property managers. If they have moved multiple times in the previous several years, contact more than one former landlord. Examine their social media to see if there are any signs about the sort of renters they are.
2. Perform a credit check
A credit check will indicate whether they have any outstanding debts or judgements, how many credit lines they have, repossessions, charge-offs, and their credit score. In general, you should verify their credit history and look for a credit score in the 600s or above. If you detect anything strange, you should enquire about it to determine if they have a reasonable explanation.
3. Conduct a criminal background check
Background checks are not expensive, and the possible tenant may include them in the cost of their rental application. Some individuals are put off by the fact that you do a background check, which ultimately saves everyone time and money. Check their identity to guarantee you’re performing a background check on the right person. Everyone who wants to live in the rental should have their histories examined.
4. Request a substantial deposit
Request a deposit sufficient to cover potential damages as well as move-out rituals such as carpet cleaning. If they are unable to pay the deposit, it may indicate that they do not manage their money well or that they cannot afford the rental. Check your local rental guidelines to discover if there are any limits on how much you may request as a deposit.
What is included in the Rental Application?
Tenants may be required to provide some basic information about themselves on the rental application. This information is gathered so that the landlord can do any background or credit checks that are required on the application.
Typically, the tenant must provide the following details:
➤ Your full name |
➤ Your email address |
➤ Contact information |
➤ Move-in and move-out dates of previous inhabitants |
➤ Previous landlords' contact information |
➤ The reasons for leaving previous houses |
➤ Employer's name and address |
➤ Position, type, duration of employment contract |
➤ Gross monthly income |