Income to Rent Standard The monthly take home pay for tenants on the lease contract should be 3 times the monthly rent for the home you would like to lease. We will need copies of 2 months pay stubs or if self-employed, most recent year's tax returns.
Verification of Employment History All applicants must have verifiable current employment. Applicants should provide 2 months worth of pay stubs. In the situation of a job transfer both new and previous employment will be verified. With new employment an offer letter will be accepted, in conjunction with the verified previous employment. There must be written record of this verification in the lease file via an employment verification signed by the employee and the employer. All self-employed applicants must provide copies of their last 2 years of tax returns.
Credit Worthiness While there is no minimum credit score, we do run credit checks to understand the payment history of a future tenant and may have questions about any open or delinquent accounts.
Lease History Your rental history can show no unresolved debts to a previous landlord/mortgagor and compliance with all terms of the lease and community policies. Lack of sufficient history may result in the request for an additional Security Deposit or co-signer.
Criminal History A criminal history investigation will be completed on all applicants and must reflect a positive rating.
The following items found on a criminal report are considered an automatic decline. This is not an all inclusive list but is provided as examples of offenses that would cause a negative decision regarding your application for residency:
Drug activity: (1) possession, (2) possession with intent to manufacture, distribute, dispense (3) Hiring, soliciting, engaging, using a minor for the purpose of manufacturing/distributing/delivering.
Theft over $300 including fraudulent checks.
Malicious Destruction of Property
An Applicant Will be Automatically Denied for the Following Reasons:
Falsification of any information on the Rental Application. Anyone having been evicted by a previous landlord for any cause.
Age All applicants must be at least 18 years of age.
Security Deposit/Application Fee The security deposit amount will be equal to one month's rent on the property you are interested in renting.
A Holding Deposit is required and must be paid in full in order to hold a home off the market. We can only hold a home off of the market for 30 days before starting your lease. This will be converted to your Security Deposit upon move in. The Holding/Security Deposit on homes is equal to one month's market rent, and is refundable at the time of move out, as long as there are no damages or cleaning fees beyond the Normal wear and tear, and any outstanding debt is paid in full.
Pet Fee/ Pet Deposit A maximum of 2 pets per home, within a 100lbs. weight limit individually, will be accepted with a Non-Refundable Pet Deposit of $600.00 All pets are subject to management approval. The only exception to the pet policy will be animals designated for service to a resident with a verified disability. No aggressive breeds will be accepted.
Rent Rent is due on the 1st. Rent paid after the 5th will incur a non-negotiable late fee of $50.00. All rent payments made after the 5th must be paid in certified funds and include appropriate late fee to be accepted. No partial payments will be accepted. No exceptions will be made.