renting a property through century 21

At CENTURY 21 CapRock Real Estate, we represent many private Landlords as their agents and property managers. This means we often handle the advertising, leasing, rent collection and ongoing customer relationship throughout entire lease, from move in to move out.

As you are considering renting a property that is leased or managed by CENTURY 21, there are two main options you have regarding the rental process. One option is to hire an agent to represent you in the process. The other option is to represent yourself through the lease negotiation process.

Option 1: Engaging a Real Estate Agent

At CENTURY 21 we believe that having an agent to represent you is more important than ever. Our CENTURY 21 leasing agents can help you complete your goal of renting a home and help guide you through the processes you would otherwise have to complete on your own. Our CENTURY 21 leasing agents have the market knowledge and expertise to guide you through all the steps outlined below in option 2, that you would otherwise be left to navigate on your own. Representation by a CENTURY 21 CapRock leasing agent is NOT required. You are encouraged to seek representation from any available agent at any firm. Please see “Working with a CENTURY 21 Agent to Rent a Property” for more information.

Option 2: Representing Yourself

If you would prefer to handle the lease negotiation independently, you have the freedom to do so. Please remember that the CENTURY 21 agent working on behalf of the Landlord is NOT your agent and does NOT act on your behalf. Here is basic a list of steps and/or items you will need to present to the Landlord’s agent (the listing agent), in order to rent a property:

1) View properties of interest. Without the guidance of a local expert, make sure you are prepared for the

suitability of properties within your price range. Many properties offered through CENTURY 21 have self-

showing options which can be booked online or directly at the rental properties.

2) Choose a property that meets your needs. There are many properties available and CENTURY 21 CapRock and elsewhere which may be of interest to you. If the property you select is not offered for lease by CENTURY 21 CapRock, you are advised to either hire a real estate agent to assist you or contact that listing party directly. Unless you elect to hire a CENTURY 21 CapRock leasing agent, our company cannot assist you in leasing properties not offered for lease through CENTURY 21.

3) Draft a Letter of Intent (LOI). The letter of intent should include all the terms of the lease which you are

offering to the Landlord. Acceptable LOI templates can be found at various legal websites on the internet. Be sure to read them thoroughly and seek legal counsel with any questions.

4) Submit an Application Package to the listing agent. This package should include, at a minimum, the following (the listing agent may ask for further documentation):

a. Complete LOICENTURY 21 CapRock Real Estate Page 2 of 2

b. Rental application for each adult living at the property or acting as a co-signer or guarantor (applications should be submitted online at www.leasegj.com)

c. Application fee or portable tenant screening report

d. Proof of all income listed on the application (at least two months)

e. Proof of all assets listed on the application (bank account statements, financial statements, etc)

f. State issued picture IDs for each applicant, co-signer, or guarantor

5) Follow up. Ensure the listing agent receives and acknowledges your application package. Submission of an application package does not guarantee placement. Regular follow-ups are essential to stay informed about the status of your application.

6) Review any Counteroffers. Be prepared to negotiate with the landlord regarding the lease terms you submitted in your LOI. The landlord may offer terms to you which are different from the ones you submitted. It is your responsibility to carefully evaluate any counteroffers and respond accordingly.

7) Lease Agreement Review. If your offer is ultimately accepted by the Landlord, you will be supplied with a lease which must be signed in order to close the transaction. You should review the lease agreement meticulously, seeking legal and tax counsel, to ensure understanding and compliance with all terms.

At CENTURY 21 CapRock Real Estate, we're dedicated to simplifying the rental process for both landlords and tenants. Whether you choose to enlist the expertise of our agents or navigate the process independently, we're here ensure the process runs smoothly and transparently. Contact us today to embark on your rental journey with confidence!