Rental Criteria

Residential Property Management 

Rental Qualifications Guidelines 

 

Check Writing History – Positive check writing history is required. Negative check writing history can result in denial of application or secured payment only status.

Criminal History – A criminal history report will be pulled for each applicant and all occupants 18 years of age or older.

  • Any applicant with felony conviction within the last 10 years will be automatically denied.
  • All applicants with felony convictions involving sex crimes, violent crimes, crimes against children, or the manufacturing or productions of methamphetamine will be denied regardless of time.
  • Misdemeanors within the last 7 years will require approval from management and the property owner.

Income – Minimum monthly income must be at least 3 times the monthly rent amount. Verification of income must include recent paycheck stubs and/or W 2 Forms (if self-employed).

Credit – Fico Score of:

580 +

Accepted with regular security deposit ** ( See Below)

550 – 579

May be accepted with conditions – Additional Security Deposit  ** (See Below)

549 – Less

Application Denied

            **Bankruptcy may not be newer than 2 years and must be of a “discharged” status.

            ** No Collections in the last 12 month

            **Any open collections, Including utilities will have to be paid prior to move-in.

            **No late payments in 12 months (30 days, 60 days, 90 days, etc.)

Rental History- All applicants must have verifiable rental/mortgage history with good payment history. If there is a balance owed, you will be required to pay or your application will be denied. Any applicant with an eviction within the past 10 years will automatically be denied.

Employment History – All applicants must have verifiable employment, at least 12 months with same employer or previous employment will be required.

Age Requirements – All applicants must be at least 18 years of age to fill out an application and sign the lease agreement. Anyone occupying the property 18 years of age or older MUST complete an application and qualify.

The groups or individuals that may be asked to release the above information include, but are not limited to:

            Previous Landlords (incl. Public Housing Agencies)       State Unemployment Agencies

            Social Security Administrations                                       Banks and other Financial Institutions

            Support and Alimony Providers                                      Credit Providers/Credit Bureaus

            Courts                                                                              Medical & Child Care Providers

            Your Employers                                                               Schools & Colleges

 

 

Rental Application

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