- Proof of income – 2 most recent pay stubs, a letter of employment, or a T4 will often suffice. Be sure to arrive prepared with contact information for at least 1 work reference.
- Photo identification – bring a copy of your government-issued photo identification (eg. license or passport) so that your prospective landlord can verify that you are who you say you are.
- Banking Details – bring a void cheque or direct withdrawal form for rent withdrawal purposes.
- Co-signer – If you suspect that you may require a co-signer, bring a qualified co-signer to the appointment with you as they will need to sign the appropriate paperwork.
You’ve saved some money and landed a good job. Now you’re ready to take the big step of getting a place of your own. This can be an exciting yet stressful time, as you may find yourself with many unanswered questions. Great news – we’re here to answer your questions and ease the transition into your new home. Q) How much should I spend? A) Knowing what you can afford is hugely important when it comes to searching for a new apartment. A good rule of thumb is to not spend more than 40% of your monthly income on rent. Ie. If your monthly income is $3,000 (after taxes), you should not spend more than $1,200 a month on rent. This will help ensure that you have fund available to cover vehicle payments, insurance, electrical bills, and food. Q) How do I make a good impression on my prospective landlord? A) To make a good impression on your prospective landlord, arrive at your appointment prepared – bring all the paperwork you may need with you. Landlords will typically request the following of you: