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Luxury Condos, Finance

The Rental Application Process in Miami

If you are looking to rent a condo or a home in Miami, the advice of a realtor is precious. Indeed, your realtor has knowledge about the city and how the procedures can differ from one state to another. For example, in Miami, first and last months’ rent are paid upfront along with a one-month security deposit. Let’s explore the different steps to renting a property in Miami.

By Maryline Lacorre 26 Mar 2021

Find the right property

Working with a realtor is the best way to find your next dream home. Indeed, your realtor will select properties that best fit you and your lifestyle. Once your realtor sends you a personal listing, you can choose to see the properties that you have selected in person. And there it is! You have found the perfect property. Next are the steps to start your rental application process.

The rental application

The realtor will reach out the property management to fill out the rental application. Any co-signer or roommate will have to fill it out as well. Each form is different, but the requirements are basically the same:

- Photo ID

- Name

- Address

- Phone number(s)

- E-mail

- Employment and proof of income

- Previous address

- Pets (if applicable)

- Emergency contacts

- Background information

- Landlord references

- Personal or professional references

Application fee and background check

In order to protect themselves and ensure that you will be able to pay your rent each month, landlords require a background check on your credit score and criminal history. This process has a cost, and the application fee depends on the building and the area. The cost is generally around $100, but you can ask whether it’s refundable in the event that you are not accepted. The approval time is about 1 to 2 weeks. If you are a foreigner, the approval can take a little longer.

Sign the lease

Once the background check is passed and you are approved, it’s time to sign the lease. Read the lease agreement carefully and make sure you take the time to understand the details in your lease before planning your move-in date. The document will specify the amenities (furnishings, parking space, etc.) as well as the payment details. In Miami, you must provide two months’ rent (first and last month) plus the security deposit. This is also a good time to ask any last-minute questions that you might have. Once you get the keys, you can move in, and the condo association can also show you the different amenities of the building and review any other rules.

Don’t hesitate to contact us if you want to rent a home or a condo in Miami. We will be glad to help you navigate the process.

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