Washington State standard lease requirements
Knowing standard lease requirements is an important part of housing
Documentation and monetary requirements to sign a lease will vary somewhat depending on whether you are dealing directly with the property owner, or working through a property management firm. Documentation requirements may include:
- Employment letter (stating position, salary and start date)—These are available from your supervisor.
- Recent paystubs
- Bank statements
- Last year's W-2
- Photo identification
- Credit check
Some places require that your monthly income be at least three times the the rent. If you do not meet minimum income requirements, you may be asked to identify a guarantor for the lease. A guarantor is an individual, such as a parent, who earns an annual income several times the monthly rent. In most cases, the guarantor will be asked to produce documentation similar to the tenant requirements as described above. Some property managers will not accept personal checks for the first month’s rent, security deposit, and to secure the apartment. Therefore, it is important to have access to cash or a cashiers/certified check or money order.