Summary of Rental Qualifications and Application Process:
Required Information – Government issued ID, Most recent pay stubs (or 1 year previous tax returns if self-employed + YTD Business Bank Statements), pet photo taken with applicant (if applicable). Previous Landlord contact info for last 3 years. All adults aged 18+ must apply & pay a NON-REFUNDABLE application fee. Security Deposits and Admin Fees -Applicants with better credit and references will generally be approved at a refundable security deposit of 1 months rent + a 20% Non Refundable Leasing Fee. Applicants with combined credit scores below 600 and references may still be approved at up to a double deposit and or with a cosigner with a overall credit score above 750.
Common Reasons to be Declined –Incomplete application, evictions, collections from landlords, credit score below 500, insufficient income, unsatisfactory references, non-discharged bankruptcies, unqualified roommates, pets (AGGRESSIVE BREEDS NOT ALLOWED). Also, move in dates too far in future can also be a reason for a declined application. Criminal background with within the last 7 years, 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.