You got your rental application approved! That’s excitement; you are almost moving into your new residence. But as soon as you receive that approval mail or call, you may be wondering How Long Do You Have to Sign a Lease Once Approved. The short answer is that it varies from landlord to landlord, from local laws to the competitive nature of the rental market. Most landlords assume you will sign within several days, as to delay it may well lose the property to someone else eager to snap it up.

So don’t jump the gun just yet (or take it too far); here’s everything you need to know about how the time to sign a lease page, holding deposits, and time-in-waiting consequences.

Typical Timeframe for Signing a Lease

Once a landlord approves your application for a rental unit, the landlord and tenant enter a contractual obligation that has to be completed soon thereafter. In most cases, an agreement between the landlord and tenant regarding signing the lease will be completed within 24 to 72 hours.

Some landlords may be more flexible since they need other preparatory items before moving in, but in competitive markets, “I need more time to decide” may be translated as “I have already given the apartment to someone else for your dream apartment.”

Your urgency in signing a lease post-approval also depends on the landlord’s policies. Some may demand strict timelines, while others may provide extra time if you communicate the need for short extensions. Either way, be prepared to act decisively with short notice as appropriate.

Holding Deposits: What Are They and Do You Need One?

Landlords will sometimes ask for a holding deposit if you are serious about renting but require a little time to look over the lease. This payment acts as a reservation fee, ensuring that the unit is reserved while you finalize the agreement.

Here’s what you need to know about holding deposits:

• They typically range from one to two weeks’ rent but vary by landlord.
• The deposit is often applied to your security deposit or first month’s rent if you sign the lease.
• If you back out, you may lose the deposit, depending on the rental agreement.

While a holding deposit can buy you extra time, it doesn’t mean you can take weeks to decide. Landlords still expect a signed lease within a reasonable timeframe.

Need More Time? Here’s What to Do

Sometimes, it is just not a long enough period to be able to sign a lease after you are approved. But most importantly, if you have any doubts about a certain term or would like to wait for a co-signer or need additional time to consider the document, you shouldn’t hesitate to communicate.

Here’s how to request an extension professionally:

• Reach out immediately – Don’t wait until the last minute. Let the landlord know as soon as possible.
• Explain the reason – Having a strong reason gives you better chances to secure the extension. A strong reason is sometimes a need for legal consultation, talking it over with one’s roommate, or putting up with the employer’s slow process in giving verification.
• Be clear about your timeline – If you need an extra 24-48 hours, specify that. Most landlords appreciate a firm deadline.

While landlords may be flexible, they’re also running a business. If they sense hesitation, they might start considering backup applicants.

What to Check Before Signing the Lease

Before putting pen to paper (or e-signing), thoroughly review the lease agreement. Here’s what to look out for:

1. Rent and Fees

• Monthly rent amount and due date
• Late payment fees and grace period
• Additional costs (utilities, parking, pet fees)

2. Lease Term and Renewal

• Duration of the lease (e.g., 12 months, month-to-month)
• Renewal terms and possible rent increases

3. Maintenance and Repairs

• Who is responsible for repairs?
• How do I submit maintenance requests?
• Expected response time for urgent issues

4. Rules and Policies

• Guest policies and subletting rules
• Noise restrictions
• Pet policies

Stretching some of these things may put you in a fix later, like by getting surprised to know that your lease auto-renews or finding that you can’t house that adorable golden retriever you’ve been dreaming about.

The Risk of Waiting Too Long

If you wait too long to sign the lease, you risk losing the rental unit. Landlords can (and often do) move on to the next applicant, especially in high-demand areas.

Here’s what could happen if you delay:

• The landlord gives the apartment to someone else – It’s a competitive market, and landlords don’t want to waste time.
  • You lose your holding deposit – If you’ve placed a holding deposit, it might be non-refundable.
  • You have to restart the rental search – The longer you wait, the harder it might be to find another suitable place.

Ultimately, delaying isn’t just a risk—it’s a gamble. And in today’s rental market, it’s rarely a winning bet.

How to Make the Lease Signing Process Smooth

Signing a lease doesn’t have to be stressful. Follow these tips to make it quick and hassle-free:

• ✅ Be prepared – Have your documents ready (ID, proof of income, references) before applying.
• ✅ Act fast but smart – Review the lease carefully, but don’t drag your feet.
• ✅ Communicate with the landlord – If you need extra time, ask promptly and professionally.
• ✅ Use electronic signing if possible – Many landlords allow digital signatures, which speeds up the process.

By following these steps, you’ll avoid unnecessary stress and secure your rental without issues.

Final Thoughts

Supposed you’re approved. How Long Do You Have to Sign a Lease Once Approved? Mostly, it is 24 to 72 hours, but it depends upon the landlord’s policies and local rental laws. The advice is to read the lease quickly and clearly communicate and sign soon while the opportunity to rent is still there.

Haven’t found your house yet? You should see these gorgeous apartments in Aspen, Co. They could be your next dream home!