Addendum to the non-standard rental provision – In this form, the landlord can list the different fees that may be charged for the rental property. Step 6 – Other Sources of Income – Not all sources of income need to be disclosed unless the applicant wants the income to be considered in the decision-making process. Two additional sources can be added to the document if more space is needed, add a sheet and attach it to the form – Enter the following: There is no limit to the amount a landlord can charge as a deposit for a rental property. Damages caused by the tenant will be reimbursed to the landlord by deducting the amount of funds held as a deposit at the end of the lease. There is no legal law that sets a fixed repayment amount if a rent cheque is returned by a financial institution due to insufficient funds. The lease must include language that mentions the determination of all associated fees for undeliverable cheques in order to enforce them legally. Step 4 – Applicant`s Rental History – All required information must be provided for the last three years: Wisconsin allows landlords to charge a “reasonable” late fee for rent paid after the 5-day grace period expires, only if stated in the lease. The state sets a “reasonable” late fee of between 20 and 20% of the monthly rent due. Step 3 – Applicant Information – All code-drivers or adults, named tenants, must complete separate rental applications and provide the following information: Common Utilities – The document must indicate which utilities are the tenant`s responsibility and which are covered by the landlord. The designation of any specific deposit to be retained by the tenant must also be indicated in this section of the contract (§ 134.04 (3)). The Wisconsin Association of Realtors Rental Application Form is a document used for the specific purpose of collecting information from an interested applicant who wishes to inquire about a particular rental property.
The broker will then take the time to review the document to determine whether or not the applicant is suitable for their clients` available properties. Smoke and Carbon Monoxide Detector Notice – This notice is sent by the landlord to the tenant to sign as confirmation that the smoke and carbon monoxide detectors are functional, and also informs the tenant of what to do if any of the above appliances come into service….