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RENTAL CRITERIA

Rental History:

  • 12 months valid, verifiable rental history 

  • Valid rental history is a written lease or month-to-month agreement. 

  • If rental history is less than 12 months then an increased deposit -OR- cosigner may be requested. 

  • 3 late payments, NSF checks and/or noise complaints within 12 months may result in an increased deposit. 

  • Final recommendation will also be dependent on credit history, income and employment. 

Credit History:

  •  Established credit history not required for approval. 

  • If derogatory credit history (excluding medical & student loan debt) is $5000-$10,000 then 
    an increased deposit -OR- cosigner may be requested. 

  • Any paid rental debt in excess of $1000 may require an increased deposit. 

  • Any discharged bankruptcy that is within the last 2 years may require an increased deposit. 

  • Any past due or foreclosed mortgage that is less than 2 years old may require an increased deposit. 

  • Final recommendation will also be dependent on income, rental, & employment history. 

Employment:

  •  12 months with current employer or previous employment in same field of work. 

  • Final recommendation will also be dependent on rental history, credit history and income. 

Income:

  •  Monthly verifiable income must be equal to at least 3 times the rental amount. 

  • If income is less than 3 but more than 2.5 times the rental amount an increased deposit may be requested. 

  • Income that is less than 2.5 times the rental amount may require a cosigner. 

  • Final recommendation will also be dependent on rental, credit & employment history. 

SECTION 8 APPLICANT CRITERIA:

All Section 8 applicants are required to meet the same criteria as stated above, with the exception that the applicant only needs to meet income requirements for their portion of the rent. Recommendations will be made following the above set standards.

 

INTERNATIONAL STUDENTS AND APPLICANTS THAT ARE NEW TO THE COUNTRY:

International students will be required to pay an increased deposit. Proof of current college or university enrollment or current student visa will be required for valid verification. Applicants that are new to the country will be required to pay a first and increased deposit. Proof of income source or new job will be required.

COSIGNER QUALIFICATION CRITERIA:

A cosigner will be APPROVED if all the qualifications below are met, if the cosigner does not meet any 1 of the following criteria then the cosigner will not qualify.

RENTAL HISTORY:               1 year of valid and verifiable rental or mortgage history with no late payments

CREDIT HISTORY:                At least 4 accounts in good standing for 1 year with less than $500 in derogatory credit

EMPLOYMENT:                     12 months with current employer or previous employment in same field of work

INCOME:                                   5 times the rental amount of the unit in verifiable, garnishable income

 

GROUNDS FOR DENIAL WILL RESULT FROM THE FOLLOWING ON ALL APPLICANTS:

  • Any eviction within the last 2 years.

  • Unpaid rental collection verified on credit report. Balance owing to landlord.

  • 4 or more late payments and/or NSF checks and/or noise complaints within a 12 month rental period (current and/or previous). Unverifiable social security number.

  • Falsification of rental application.

  • Breaking lease agreement that will result in collection filing.

  • Derogatory credit (excluding medical & student loan debt) in excess of $10,000

 

Verified name and date of birth match of criminal conviction or pending offense as follows:

  • Murder (1st and 2nd degree)

  • Kidnapping (All counts)

  • Manslaughter (1st degree)

  • Theft (1st and 2nd degree)

  • Assault (1st, 2nd, and 3rd degree)

  • Burglary (1st, 2nd degree & vehicle prowling 1st degree)

  • Robbery (1st and 2nd degree)

  • Malicious Mischief (1st degree)

  • Rape (All count)

  • Arson (1st, 2nd degree & Reckless Burning 1st degree)

  • Child molestation (All counts)

  • Delivery or Sale (All counts)

  • Rape of a child (All counts)

  • Possession with intent to Deliver (All counts)

  • Outstanding criminal warrant Any Terror Related Activity

 

Any crimes against the elderly or children will result in denial. An established pattern of felony convictions (2) or misdemeanor convictions (3) in the last 3 years will result in denial. Any convictions that demonstrate disregard to the health and safety of vulnerable adults or children could be grounds for denial.

Any criminal conviction which results in a registered sex offender requirement and/or any sex offender registry requirement.

A criminal records search will be performed for felony and misdemeanor offenses. All felony and misdemeanor offenses must be disclosed on the rental application.

Valid Photo Identification will be required of all applicants.

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