Rent application form
- Income your policy needs for this rent
- $4,500
- Computed on this page from the inputs below
- Applicant's income as a multiple of the rent
- 4
- Computed on this page from the inputs below
- Rent as a share of income, percent
- 25
- Computed on this page from the inputs below
- Rent plus other payments as a share of income, percent
- 30
- Computed on this page from the inputs below
Every figure on this page is computed from the inputs entered, by the method stated below it. OrderPadLedger publishes no tax rate, no screening rule and no survey: the defaults are a worked example to replace with your own.
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The figures above start from a worked example ($4,500). Change any input and the answer updates as you type.
Download the Rent application form worked example (CSV)
This is a rent application form that works the money figures the same way for every applicant. Your income multiple times the rent is the income the policy needs; the applicant's gross monthly income over the rent is the multiple they have; rent as a share of income is the ratio a lender would read; and rent plus other monthly payments as a share of income is the burden. The multiple is your own screening rule; the form publishes none and decides nothing. Free, on the page, no account; the paid plan keeps every application against the applicant.
Your multiple times the rent is what the policy needs
A screening policy usually says an applicant's gross monthly income must be some multiple of the rent, and the form takes that multiple as yours and shows the income it implies for this unit. Applied the same way to every applicant, it is a rule; applied differently, it is a fair housing complaint, and the terms say so.
The applicant's multiple and the rent share, both shown
Income over rent is the multiple the applicant has, and rent as a share of income is the same fact the other way round, which is how a lender or a guarantor would read it. Both are shown so the comparison with the policy is arithmetic on the form rather than a judgement in the office.
The burden with other payments, and the record kept
Rent plus the other monthly payments the applicant declares, as a share of income, is the burden the household will carry, and it is the figure that separates two applicants with the same income. The paid plan keeps every application against the applicant with the figures and the decision.
Rent application form: common questions
Is this a free rent application form?
Yes. Enter the rent, the applicant's gross monthly income, their other monthly payments and your income multiple, and it works out the income the policy needs, the applicant's multiple, the rent share and the burden on the page with no account and no card. Print it as it stands. OrderPadLedger Pro adds your business name and keeps every application against the applicant.
What income multiple should a landlord require?
Your own, applied to every applicant the same way; the worked example uses 3 to show the arithmetic and nothing more. Some cities restrict or forbid income requirements, and fair housing law constrains screening everywhere; the rule is yours and your adviser's, and the form publishes none.
Does the form decide whether the applicant qualifies?
No. It shows the figures your policy compares and leaves the decision to you, because the decision is yours to make and to defend. It does not run a credit or background check, and it does not screen on anything but the numbers entered.