A residential rental application is a tool that landlords use to collect information from prospective tenants. These documents allow the landlord to choose the most qualified tenant by taking an in-depth look at a tenants finances, rental history, and credit history. Rental applications generally ask for the following information:
According to state law, a security deposit may not exceed more than one month’s rent. If a tenant has a pet, the deposit may not exceed $2,500 or two month’s rent (whichever is greater).
Additionally, the landlord must pay the tenant interest on the lease if they stay in the rental for a period longer than 9 months. This interest is to be paid when the tenant vacates the property. Additionally, once the tenant vacates the rental, the landlord has 30 days to return the deposit plus interest (North Dakota Century Code § 47-16-07.1).