When I've previously helped folks lease homes in Laguna Woods Village, I've seen that most importantly they are looking to verify age. There is a lengthy packet that needs to be filled out, as well, but the majority of the paperwork was quite simple.
It is also important whether the home is considered a 'condo' or a 'coop' of course, because these do have different lease term stipulations.
Are you looking to rent in Laguna Woods? If so, somewhere I believe I have a link to the Laguna Woods lease permit/ information packet... Yes, here it is:
Hope that helps! I'd be happy to answer any other questions you may have!