Application Process & Qualification Standards
Application Process & Qualification Standards
Thank you for your interest in renting one of our homes! Below is a detailed explanation of our
application process as well as our standards for qualification.
Application
Each person over the age of 18 who will be
living in the home must complete and submit a separate application and
processing fee. In order to qualify, each person must meet or exceed the
minimum standards for qualification. Incomplete applications will not be
processed. Applications containing false information will immediately be
disqualified. Please expect 1-5 working days for the application process. Processing the Application may include direct contact with employers,
current landlord, previous landlords, friends, personal and professional
references, law enforcement agencies, government agencies, consumer reporting
agencies, public records, eviction records, and any other sources that may be
deemed necessary.
Deposit to Hold
After approval, if tenant will not be taking
occupancy within 24 hours, a non-refundable Deposit to Hold in the amount equal
to one month’s rent will be required within 24 hours to hold the property until
a mutually agreed upon move-in date. The maximum amount of time a rental
will be held is 14 days. After all move-in requirements have been met and
a lease for the property completed, the Deposit to Hold will transfer to the
security deposit to be held throughout the tenant’s entire tenancy. If the
Prospective Tenant fails to provide the Deposit to Hold within 24 hours of
approval, the home will be offered to the next qualified applicant.
Move-in Requirements
After approval and before occupancy will be
granted, Prospective Tenant must supply all the required move-in funds,
including the security deposit, first month’s rent, and any other additional
deposits and fees, all tenant paid utilities must be transferred into
Prospective Tenant’s name, and a lease must be executed and signed by all
parties.
Qualification Standards
Applicants who do not meet minimum screening
standards will not be approved.
Applicant must have current photo
identification and a valid social security number.
Applicant's monthly household
income must exceed three times the rent. All income must be from a verifiable
source. Unverifiable income will not be considered.
Applicants must receive positive
references from all previous landlords for the previous 5 years.
Applicant may not have any evictions or
unpaid judgments from previous landlords.
Applicant must exhibit a responsible
financial life.
Applicant must be a non-smoker.
Occupancy is limited to 2 people
per bedroom.
At landlord’s discretion, compensating
factors such as an additional security deposit or co-signer (guarantor) may be
required for qualification if Applicant fails to meet any one of the above
requirements. In the event of multiple applicants, tenancy will be
granted to the most qualified, based on the above criteria.
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