Tenant Qualifications
Applicants must have a combined gross income of at least 2.5 times the monthly rent. We reserve the right to require a co-signer. A minimum of two years residential rental or ownership history is required.
Credit history and/or civil court records must not contain judgements, eviction filings, collections, auto repo’s, or liens within the past 5 years. Any bankruptcies must be discharged more than 5 years from the date of application.
Self-Employed applicants must produce 2 years of tax returns or 1099S, as well as a 1 year P&L statement from their business. Non-employed individuals must provide verifiable proof income.
Criminal Records must contain no convictions for misdemeanors for crimes involving violence, assault or battery, drugs, firearm; felonies within the past seven years and no sexual offenses ever. In the event a record comes back “Adjudication Withheld”, “Nolle Prosse”, or “Adjudication Deferred”, further documentation may be required, and the applicant may be denied on this basis.
Previous rental history reports from landlords must reflect timely payment, sufficient notice of intent to vacate, no complaints regarding noise, disturbances or illegal activities, no unpaid NSF checks, and no damage to unit or failure to leave the property clean and without damage at time of lease termination.
Pets are allowed on a case by case basis. Any insurance, association, or local ordinance restrictions will be adhered to. Any medically necessary animals for the benefit of the occupant(s)) of any kind are permitted without specific written permission of Landlord in the lease document, an addendum to lease, a non- refundable pet fee acceptable to the Landlord and/or an additional pet deposit or additional security deposit. Fees and deposits are waived for medically necessary animals only as required by Federal and State law. All pets will be subject to a pet deposit and non-refundable cleaning fee.
Applicants may be required to pay a holding fee at the time of application approval and a security deposit at lease execution. We reserve the right to require a higher security deposit and/or additional prepaid rent if the situation calls for it. All funds prior to occupancy must be in the form of a cashier’s check or Appfolio Tenant Dashboard Electronic Payment.
The number of occupants must be in compliance with HUD or local jurisdiction standards/guidelines for the applied unit.
We will require a holding fee to be collected to hold a property off the market. In the event the application is approved, and applicant fails to enter into a lease, the applicant shall forfeit this fee. In the event the application is approved, this fee will be applied to the first full calendar month’s rent.
Any exceptions to our company’s criteria will be documented in writing in the tenant’s online profile. If approval is then given for such exceptions, additional security deposits, co-signers, increased rent, and/or additional advance rent payments may be required.
Our company policy is to report all non-compliances with terms of your rental agreement or failure to pay rent, or any amounts owed to the credit bureau and/or a collection agency and if the amount is disputed, it shall be reported as disputed in accordance with law.
Applicants may be required, in some areas, to be approved by a condo/homeowner’s association and may have to pay an additional application fee or an additional security or damage deposit. The advertisement for the property will have the required information.
| LEARN MORE ABOUT OUR PROPERTY MANAGEMENT |
| LEARN MORE ABOUT OUR RENTAL PROGRAM |