Qualifying Standards

 

INCOME
Gross income must be at least 3 times the rent amount. Income may be combined among two or more applicants. We reserve the right to require a co-signer.

EMPLOYMENT
Employment must be permanent and verifiable. A two year work history and at least three months on same job are preferred. The last two paycheck stubs are required. If self-employed, copies of last 2 years tax returns and last 2 bank statements will be required.

RENTAL HISTORY
Two years of verifiable residency is required with no outstanding debt owed to landlord. Living in a home owned by a relative is not accepted as rental history. Owning a property can replace rental history but must be verifiable.

AGE
All applicants must be at least 18 years of age. All occupants 18 years of age or older must complete an application and are required to be listed as residents on the lease.

APPLICATION FEE & SECURITY DEPOSIT
A $30 non-refundable application fee is due at time of application from each applicant. The fee also covers administrative expenses in processing application and is non-refundable. A hold deposit may be submitted at time of application but is not required. The TAR form “Agreement for Application Deposit and Hold on Property” must be submitted with application and fee if applicant would like to hold property and remove home from market. The hold fee will be applied to security deposit if approved. The hold fee is non-refundable if you back out after receiving approval. If information is falsified on application, application will be rejected and holding deposit will be non-refundable.

IDENTIFICATION
A valid and current photo ID must be provided along with application. This can be a driver´s license, state ID, or Military ID.

CREDIT & BACKGROUND
Credit and background reports will be processed for each applicant contributing to income. If a credit problem is known by applicant, it is suggested an explanation be added to application. Chapter 7 bankruptcy must be discharged. Chapter 13 bankruptcy requires 12 months of current payments. Only a criminal background check will be done in the case of a full-time student or elderly parent not contributing to income. Our policy prohibits those with felony convictions involving delivery of controlled substance, sexual offences, endangerment of a minor, and violent crimes from being on the lease or living in our properties as a resident. Applicants may be declined on other offences depending on nature and time of the offence.

PETS
If owner allows pets, a designated pet deposit will be required per pet. Tenant will be responsible for any damage caused by pets. We do not allow any aggressive breed of dogs on our property. This includes pit bull dogs, Rottweilers, and Dobermans.

REASONS FOR REJECTION
Applicants may be rejected for any of the following reasons:

  • Prior eviction
  • Falsifying application
  • Debt owed to previous landlord
  • Criminal conviction -noted above
  • Invalid/fictitious social security #
  • Insufficient income
  • Poor credit history (Explanations and additional security deposit amounts MAY be acceptable in some situations)
  • Incomplete application which includes failure to sign application, no fee paid, and no valid ID provided
  • Lack of or poor rental history which includes poor housekeeping, drug use, unruly or destructive behavior by applicant or applicant´s children and guests, non-payment of rent or frequent late rent payments.

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