Retirement communities are designed to make day-to-day life fun and easy with convenient locations and top-notch amenities. For seniors who have lived in an owned property for years, the rental application process is full of unknowns. However, it’s fairly simple and straightforward. Here’s a closer look at what to expect. 

What to Expect From the Rental Application Process

1. Complete the Paperwork

The first step in gaining access to a senior apartment involves providing basic personal details. Available in paper and digital formats, the rental application covers legal names of all prospective residents, contact details, and Social Security numbers. Previous rental or homeownership details, like addresses, are also included in most forms. They may also request personal or professional references. 

As such, gather these details ahead of time to ensure a quick and efficient process. Most leasing companies also require an application fee, which is paid at the time the document is submitted. 

2. Provide Financial Documents

Before accepting new tenants, the company wants to make sure renting is a financially feasible option. For that reason, they request copies of financial documents, like bank and investment account statements. 

Some of the information provided in step one is also used to run a credit check. There’s usually an acceptable range of scores that indicate if a tenant is financially responsible enough for a rental. If the scores are less than desired, approval is still possible with a co-signer.

3. Pass a Background Check

To ensure a safe retirement community, leasing agents review every applicant’s criminal history. Part of the application fee goes toward covering the screening costs. Typically, these background checks are completed by a third party to ensure accuracy and thoroughness, with results being available within a few days to a week. As such, be upfront during the application process and outline any past issues to prevent surprises. 

Enjoy the ease of living in a retirement community at Traditional Trades Inc. in Onalaska, WI. The local leasing company provides luxury senior living accommodations to residents 55 years old and older across La Crosse County. Browse their selection of one- and two-bedroom apartments online, and request a tour today at (608) 783-4785.