Rental Application Process
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If you are a tenant currently looking for a rental property it is always good to have all your ducks in a row. To avoid any nasty surprises make sure you know your credit record is clean i.e. no judgements, defaults, trace alerts or a bad credex score for late payments etc. Transunion allows one free credit check per person per year, if you have not checked your credit status this year you can go to www.transunion.co.za. You need to ensure affordability, you need to earn a gross salary of 3x the monthly rental e.g. the rental is R5000 per month, you need to earn a minimum of R15 000 per month.

Documents Required

DOCUMENTS REQUIRED WHEN APPLYING TO RENT A PROPERTY:

TENANT APPLICATION FORM: (APPLYING FOR THE PROPERTY IN YOUR PERSONAL CAPACITY AND SIGNING THE LEASE IN YOUR OWN NAME)

1. Copy of ID or Passport (In case of a passport, copy of work permit/residence is required)
2. 3 months most recent bank statements
3. Proof of income - current
4. Proof of current residential address (not later than 3 months old)
5. If employed for less than 3 months, the employment contract must be submitted

Details Required

YOU WILL BE REQUIRED TO COMPLETE A DETAILED APPLICATION FORM WITH DETAILS SUCH AS:

1. All your personal details
2. Spouse/Partners details
3. Current landlord details
4. Current employment details
5. Next of kin details

Application Process

ONCE YOUR DOCUMENTS AND APPLICATION ARE SUBMITTED TO THE AGENT, THE APPLICATIONS DEPARTMENT WILL PROCESS YOUR APPLICATION, THE PROCESS IS AS FOLLOWS:

1. Obtain TPN/ITN report to ensure credit worthiness
2. Check bank statements and payslip for affordability
3. Confirm employment
4. Obtain a reference from current landlord
5. Confirm next of kin

The application process can take up to 24 hours. Your agent will contact you to let you know whether your application was successful. Even though we at Etchells & Young have a very strict application process, at the end of the day the final approval still lies with the property owner.

Should your application be successful, you will have 24 hours to pay the deposit into the Etchells & Young account. The deposit is calculated as follows:

Deposit: R5000 (equivalent to one month's rental)
Admin fee: 10% of the monthly rental or a maximum fee of R850 + vat
Total deposit: R5000 + (R500 +14% vat) R570
= R5570

NO MONIES may be paid over until you have final confirmation from your agent that your application has been approved. Payment prior to this may result in a delay in refunding the monies if the application is unsuccessful.

Apply as Company

COMPANY APPLICATION FORM: (APPLYING FOR THE PROPERTY IN THE NAME OF A TRUST OR COMPANY)

1. A resolution authorising the signature of all documents related to the rental of this property
2. Three Months company bank statements
3. Should the company not be able to present 3 months of company bank statements, a letter from the company Auditor or accountant confirming the company income for the last 3 months must be submitted.
4. Confirmation (on a company letterhead) that the company intends to pay the monthly rental and other costs involved on behalf of the tenant that will be residing in the unit - the full name and ID number of the tenant must be provided.
5. Proof of residence of the company/trust as well as the ID and proof of residence of the authorised signatory.
6. Copies of ID Documents or Passports of all adult occupants of the premises.

YOU WILL BE REQUIRED TO COMPLETE A DETAILED APPLICATION FORM WITH DETAILS SUCH AS:

  • Company details
  • Details of tenant residing in the unit
  • Trade references for the company


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261 Surrey Ave
CBC House
Ferndale
Randburg