Qualifying Criteria for Applicants

Income:

Lessee must earn 3 to 4 times the rental rate per month depending on the property location. Total income for husband and wife will be used to approve applicants.

Employment History:

Applicants must provide proof of employment and income. Current and previous employment information must be provided. Please also provide paycheck stubs from the last two pay periods, W-2’s or hire letter.
• If applicant is self-employed, please provide a copy of prior year’s tax return.
   
• If applicant is retired, please provide proper retirement documents showing income.

Rental History:

All applicants must have an acceptable rental history.  The following questions are typically asked to document rental history:
• Was rent paid on a timely basis?
• If rent was paid late, how many times was it late?
• Were there any complaints of any type?
• Were there any checks returned due to insufficient funds?
• Would you re-rent?

The applicant must have at least one year of acceptable rentalhistory.
• If the applicant has just moved out of parent’s home, dorms or has no rental history then job stability, income and credit must be in good terms.  In some cases a co-signer or an extra deposit could be required.
• We will not accept applicants that have been evicted, skipped or caused major damage to previous or current residences, or have had foreclosure within the past two years.

Credit:

• Good credit must be established.
• An extensive, negative credit history is grounds for denial of the application.
If some questionable credit history does exist
• An excellent rental/employment history is required
• Also, an additional or higher deposit may be required.

Co-signers:

• Co-signers income must be 5 times the rental rate per month.
• Co-signers will be screened and expected to meet the same criteria. However, the credit for the co-signers must, without exception, meet our highest credit rating.
• A co-signer has to be an immediate family member, such as mother, father, brother, sister, uncle, aunt, or grandparent.

Criminal Background:

• A criminal background check will be done on all applicants.
• Applicants with a felony on their criminal background will be denied.