Approved applicant
An approved applicant is a renter whose completed application has passed review and is ready for deposit, lease, and move-in steps.
Definition
An approved applicant is a rental applicant whose complete file has been reviewed against the property’s documented screening criteria and received an approval decision. This status typically comes after identity, income, rental-history, and other required checks are completed. Once approved, the applicant moves into next steps such as paying required deposits, completing lease documents, and preparing to become a resident.
Example
A leasing team receives a completed application for a vacant apartment, verifies the applicant’s income and identification, reviews screening results, and records an approved decision. The team then notifies the applicant, collects the required holding deposit, and sends the lease package for e-signature.
Why It Matters?
Approved applicant status helps operations leaders track where each renter is in the leasing funnel and make sure teams act quickly after approval. Clear approval workflows reduce delays, support consistent decision-making, and help convert qualified applicants into residents.

