Rental Guidelines
General Requirements
- 1. A valid picture ID is required.
- 2. All applicants age 18 and over must complete an application.
- 3. The application must be completely filled out and signed. Incomplete applications will not be processed.
Rental Requirements
- 1. Two years of verifiable, favorable residence history from a third-party landlord is required.
- 2. A rental history demonstrating residency, but not by a third party, may require an additional security deposit.
- 3. A criminal background check will be performed.
- 4. Home ownership will be verified through the tax assessor’s office or credit report.
Factors to be considered
In denying an application or changing the offering terms:
- i. Having been sent a 3-day notice to vacate.
- ii. Giving insufficient funds check(s).
- iii. Previous eviction.
- iv. Previous past due rent or other charges outstanding to a landlord.
- iv. Previous past due rent or other charges outstanding to a landlord.
- v. Previous property damage.
- vi. Failure to have given a proper 30-day notice/breach of lease.
- vii. Previous or present rude and disruptive behavior.
- viii. Making false statements on the application.
Employment Requirements
- 1. Verifiable employment and/or other income are required.
- 2. An applicant will be denied if we are unable to verify income or employment status.
- 3. Self-employed applicants must produce written verification of work history through tax returns or bank statements
- 4. If applicant does not meet the stated employment criteria but otherwise qualifies, an additional deposit may be required.
Income Requirements
- 1. The monthly income must equal approximately three (3) times the monthly rent.
- 2. The monthly rent and monthly debt payments on credit report (total debt ratios) should not exceed 50% of gross monthly income.
- 3. If monthly income does not equal at least three (3) times monthly rent, monthly rent and debt payments exceed 50% of applicant’s monthly income, an additional deposit may be requested to be paid in advance.
- 4. If an employee, please provide a recent paycheck stub for income verification.
- 5. If applicant is unemployed, the application will be denied unless acceptable proof of income from other sources is provided or applicant has significant savings or asset statement.
- 6. Self-employed applicants must provide sufficient documentation to verify their income. Several months of bank statements, a recent P & L statement, or recent tax return are acceptable.
Credit Requirements
- 1. Good credit is required.
- 2. Outstanding bad debts being reported on a credit report may result in denial or require an additional deposit, additional rent paid in advance, and/or a qualifying guarantor.
- 3. Excessive recent collections may result in denial.
- 4. Outstanding rents or balances to property management companies or landlords may result in denial.
- 5. Non-discharged bankruptcy will result in denial.
- 6. After discharged bankruptcy, applicant must show six (6) months of positive established credit.
- 7. A credit score of 600 or above is required.
Automatic Denials
(Criminal Background)
The Application will be denied if the applicant:
- 1. Has a felony offense within the last 7 years.
- 2. Has a criminal conviction and has been out of jail/prison for less than five (5) years.
- 3. Was convicted of a criminal offense that was of a physical or violent nature against a person or property.
- 4. Is a multiple offender.
- 5. Is a sex offender.