Below are details lessor’s (prospective landlords) will need to consider and documents that may need to be provided by prospective tenants:

Copy of valid photo identification
Last three months of income verification (ex. pay stubs)
Sufficient income level: some landlord/association may require the tenant to have a monthly income of at least “x” times greater than the monthly rent. The income requirement will change based on the price of the rental. (For example, you require an income level that is two times the monthly rent. For a rental that is $1,000 a month, the tenant must have a monthly income of at least $2,000. For a unit that rents for $2,000 a month, the tenant's income must be at least $4,000 a month.)
Last three months of pay stubs
Credit report: allows landlord/association to determine if there is sufficient debt that could affect a tenant’s ability to pay their rent on time.
Criminal history: landlord/associations may require a clean background for a prospective tenant to prevent any threat to the safety of the other tenants.
Move-in Deposit of “x” amount: It is important to have sufficient funds to put towards down payment. Depending on the landlord/association, the move-in deposit may vary between first month, last month, and security deposit.

Below are details lessee’s (prospective tenants) will need to consider and documents that may need to be provided:

Copy of valid photo identification
Last three months of income verification (ex. pay stubs)
Sufficient income level: some landlord/association may require the tenant to have a monthly income of at least “x” times greater than the monthly rent. The income requirement will change based on the price of the rental. (For example, you require an income level that is two times the monthly rent. For a rental that is $1,000 a month, the tenant must have a monthly income of at least $2,000. For a unit that rents for $2,000 a month, the tenant's income must be at least $4,000 a month.)
Last three months of pay stubs
Credit report: allows landlord/association to determine if there is sufficient debt that could affect a tenant’s ability to pay their rent on time.
Criminal history: landlord/associations may require a clean background for a prospective tenant to prevent any threat to the safety of the other tenants.
Move-in Deposit of “x” amount: It is important to have sufficient funds to put towards down payment. Depending on the landlord/association, the move-in deposit may vary between first month, last month, and security deposit.