You’ve put in a rental property application, and you’re now waiting to find out if you got the place. So what happens next?

rental property application
Photo: iStock/RoBeDeRo

Depending on the agent, it may take as little as 24 hours before your application is approved from submitting your rental property application. The agent will contact you when this happens.

Important:, like other real estate websites, is not a property manager or a landlord. It’s simply an advertising option for property managers and landlords to list their available properties online. If you don’t hear back from an agent, you need to contact them directly as has nothing to do with the management of properties.

However, some agents can take 2-3 days to respond – and in some instances may not respond at all. If you haven’t heard back after 24 hours, you should gently follow up by reminding them that you applied for ‘Property X’ yesterday and say you want to make sure they received your application.

Alternatively, tell the agent you applied for ‘Property X’ yesterday, and you are checking to see if they require any further information. This move will ensure you stay top of mind when they are sorting through applications for the rental.

So, let’s assume you’ve been accepted – congratulations!

Things will happen fairly quickly at this point. You’ll be asked to sign a lease and pay the rent in advance, generally within 24-48 hours of being accepted.

Once your application is approved, you will be asked to pay the following:

    • Two weeks rent in advance (this is a standard request)
    • A security bond, usually four weeks rent
    • You may also have to pay an additional processing fee. This will vary from agent to agent

Rent in advance means paying your first two weeks of rent upfront. For example, if your new lease starts on the 12th of October, and your rent is payable per calendar month, your rent won’t be due until the 12th of November.

Go in with a good attitude

This may be one of the most important tips! Searching and applying for rental properties can be a stressful time for a prospective renter. Make sure you are polite and friendly to the leasing agent, landlord or owner during the process – going in with a pleasant attitude will have a direct impact on the success of your application.
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