Rental Guide Home61 Miami. A short guide for Home61.com 's customers on the process and requirements to rent an apartment in Miami as well as a quick FAQ on renting.

1. Rental Guide : Renting in Miami
Renting your new home step by step
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Requirements for renting:
• Copy of ID
• Proof of funds
• 3 months deposit
Expected cost*:
• Condo Application: $50 to $300
*Costs are unique to each condo building
Possible cost*:
• Move-in fee
• Elevator deposit
• Building deposit
• Pet fee
From 1 week to 4 weeks
• Search and select on
Home61.com
• Get help from your
Home61 personal Assistant
• Your agent helps you
negotiate and verify the lease
• Requirements: Cashier’s
checks for 3 months rent
• Your agent accompany
you on your first walk in.
• You are Home!
• Your agent helps you complete
and negotiate the offer
• Requirements: copy of ID,
proof of fund
• You sign the condo application
• Requirements: condo fee
from $50 to $300.
Select Offer Residential Lease
Agreement
Association
Approval
Keys &
Walk through
Move in
Visit
• You are assigned a dedicated
agent
• Your agent will accompany
you on all visits

2. Rental Guide : Renting in Miami
www.home61.com
FAQ
How much do home61 services cost?
Nothing! Our service is completely free with no pressure or obligation.
Why do I need a proof of funds?
Owners and condo associations require a proof of funds before receiving an offer to ensure that their potential tenants have enough funds to live on the property. Some owners
refuse to even let potential tenants visit their condo without this proof. To optimize this process, we recommend that you share this information with Home61; they will keep the
information safe and share it with a property owner with your consent when required.
Why do I need to give 3 months security?
Condo owners impose this practice to protect themselves in case the duration of the rental agreement isn’t fulfilled. The 3 months security represents the first and last month of
rent and 1 month security deposit and is required in the form of a cashier’s check when you sign the rental agreement. The deposit is returned to you if there is no damage to the
apartment when the rental agreement ends.
What is the condo application?
Condo buildings require an application to run a background and credit check in order to approve all the tenants who wish to move in. The application cost varies from $50 to $300
depending on the building. The processing of the application takes anywhere from a week to 4 weeks and is the most time consuming part of the process.
What are the other possible costs?
Besides the application fee, condos may require other deposits and fees, the most common ones being: move-in fees and elevator deposit, pets fees, etc… Depending on the condo
association, these deposits or fees can either be refundable or non-refundable. The refundable deposits and fees are refunded when you end your lease and leave the property.
Why can the process take up to 4 weeks?
There are multiple parties involved in renting a condo based on a common agreement - the tenant, the landlord (owner) and the condo association. Usually, the tenant and landlord
can quickly come to an agreement and sign the lease. However, the condo association has to run verification checks on the tenant because of their liabilities. This verification
process is the longest part of the process and may take up to 4 weeks!
Rest assured, Home61 works tirelessly to clarify, coordinate and speed up the process in order to find you the home you want and have you move-in as quickly as possible.