North Carolina Rental Application
The North Carolina rental application is a document used to screen a tenant that is interested in authorizing a legally binding lease agreement with the landlord. The landlord’s number one thing to look for is the tenant’s financial information, more specifically, their employment, banking (including account numbers), credit, and background information to ensure that the monthly amount will be paid on time. The landlord may in addition ask for references from previous property owners/managers to see if they paid on time when renting from others.
Upon the approval, the landlord will write a lease and request the security deposit which is limited to one and half (1.5) months’ rent for tenancy at will relationships and two (2) months’ rent for standard leases.