What are the minimum requirements to rent an apartment in Florida? Salary, green card, deposit...
Are you looking to rent an apartment in Florida? Be prepared to present the minimum requirements and documents you will need to secure a contract.
Florida is one of the popular places to live in the United States thanks to its climate and other factors that make residents’ lives more comfortable.
There is no state income tax in the state, so residents only have to worry about paying and filing their federal taxes. However, Florida’s popularity has resulted in the state’s having one of the highest average rental prices.
Aside from the price, there are other factors that make getting a place to live a bit difficult, such as owners being strict with the requirements they demand of renters. Here are the basic requirements so that you can be prepared and have on hand the required documentation in case you are looking to rent.
What are the minimum requirements to rent an apartment in Florida? Salary, green card, deposit…
The requirements to be able to rent in Florida vary from one owner to another, but in general terms, these are the basic requirements:
Payment receipts
Proprietors need to determine if you have a stable source of income, so they will ask for your pay stubs.
If you don’t have pay stubs, you could also use your bank statements to help the homeowner determine if you can pay your rent.
Documents to verify your identity
The owner will also ask you for some documents that can prove your identity. These can be state identification, driver’s license, permanent resident card (green card) or your passport.
If you are not a US citizen, you may need additional documents.
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Social Security number
If you want to rent a home, you will need to provide the owner with your Social Security number (SSN).
Landlords use your SSN to run a background check on matters such as your criminal history or whether you have a positive credit report, which is critical in determining if you are eligible to rent.
Recommendations and references
It is important to have a letter of recommendation with you. The owner may also ask for references, which may include your employer, colleagues or anyone who can provide details about you.
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Money
Since renting an apartment involves several payments, it is wise to carry your checkbook or cash with you. Some of the most common payments during a rental process include the application fee, security deposit, pet deposit, and more.
What is a good credit score?
Homeowners will try to determine if a potential renter has a good credit score, which they will use to determine if the person is eligible to rent their property.
Generally speaking, scores above 670 indicate good credit-worthiness. These are the recognized overall score ranges, according to FICO, the most popular credit score in the United States:
- Poor (less than 580): This score is well below the average score of American consumers and indicates a risky borrower.
- Fair (580-669): This score is fair. below the average score for American consumers, although many lenders may be able to approve loans with this score.
- Good (670-739): This score is close to or slightly above the average for American consumers. Most lenders consider this a good score.
- Very good (740-799): This score is above the average for American consumers. Indicates a very reliable borrower.
- Exceptional (800+): This score is well above the average score of American consumers. Indicates an exceptional borrower.
The information in each credit report changes continually, which means your credit score is also updated frequently.