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Summary of Rental Qualifications and Application Process: Required Information – Government issued ID, Bank account verifying gross deposits/income is at least 2.5x of monthly rent. Landlord contact info for last 3 years. All adults aged 18+ must apply & pay a $60 app fee. Security Deposits and Admin Fees -Applicants with better credit and references will generally be approved at a security deposit of 1 months rent. Applicants with combined credit scores below 620 and references may still be approved at up to a double deposit. Common Reasons to be Declined –Incomplete application, evictions, collections from landlords, credit score below 500, insufficient income, bank account not supported by www.theclosingdocs.com income verification. unsatisfactory references, non-discharged bankruptcies, unqualified occupants, pets (no aggressive breeds allowed), vehicles and/or move in dates too far in future can also be a reason for a declined application. Within the last 7 years, any felonies of illegal manufacture or distribution of a controlled substance, felonies resulting in bodily harm or intentional damage or destruction of property for example, “arson”. Any sexual related offenses for any time period. TENANT LIABILITY INSURANCE is now required for all Leases and Lease Renewals. Please see our Tenant Liability Insurance Policy under RESIDENT SELECTION CRITERIA!
→ Bank account & Verified gross deposits/income of at least 2.5 times the monthly rent.
→ No evictions or money owed to any prior landlords.
→ Criminal background check with no record of violent felony convictions in the prior 7 years.
→ Tenant credit score of at least 500.
Learn more by reading our Residential Selection Criteria