Approval Qualification Requirements
Every applicant is evaluated against the five requirements below. These criteria apply to anyone 18 or older who will be living at the property.
- Completed Application
- Employment and Income
- Rental History
- Credit History
- Criminal History
1. Completed Application
We must have a completed application for anyone 18+ that will be living at the property. Please make sure to complete all fields and provide all documentation as we only process fully completed applications. An incomplete application package will not be considered.
2. Employment and Income
Net monthly income must be 2.5 times the amount of the required monthly rent. Additional occupants' income may be combined to meet this requirement. If employment income does not meet the criteria, sufficient documentation of other supplemental income must be provided (i.e. bank statements, savings, educational grants, etc.). Employment must be current and verifiable for a minimum of 1 year. Other verifiable income may be submitted equaling 2.5 times monthly rent which has been consistently sustained for more than one 1 year. Verifiable income includes, as confirmed by the employer, or other satisfactory documentation as required.
3. Rental History
Rental/Residence history will be verified for each applicant. We must verify your rental references, so please make sure to provide good phone numbers for your current and previous landlords. All residency situations will be considered, but some general minimal guidelines include, but are not limited to the following:
- Must have a minimum of one-year verifiable rental/residence history
- No more than two late payments in any 12-month period.
- No more than one NSF in any 12-month period.
- No non-compliance issues that resulted in non-renewal of lease or eviction
- No prior or pending evictions
- No monies owed to a previous Landlord
4. Credit History
A credit report will be processed on each applicant to determine pre-qualifications. All credit situations will be considered on a case-by-case basis. Some general minimal guidelines include, but are not limited to the following:
- No bankruptcies within the last six months or a pending bankruptcy
- Credit score above 550
- No rental collections history
- No seriously delinquent, past due, or current collection accounts
- No history of debt 'write-offs' or accounts that have gone into collection
- If credit is an issue, applicants MAY be required to have a co-signer
- Money owed to a previous landlord or utility company is cause for denial
5. Criminal History
Applicants must meet our minimal criminal history criteria, which include but are not limited to the following:
- Convicted criminals may be denied housing if the reason for their convictions clearly demonstrates that the safety of your residents and/or property are at risk.
- Applicants that are registered sex offenders will be denied.
- Applicants must have no felony convictions that are less than 10 years old which involve violent crimes against persons or property, including but not limited to murder, arson, kidnapping, assault, bomb-related offenses, robbery or burglary, terrorism, or involvement in the manufacturing or distribution of drugs in any manner. All other felony convictions must be more than 5 years old.
- Conviction of any drug-related offenses involving possession only, or alcohol-related offenses, where no one was permanently injured or killed, must be at least 2 years old.
- Successful completion of any felony sentence at least 2 years ago, and no new criminal activity for at least 2 years before this application, is required.
- Applicants with any outstanding warrants will not be accepted.
- Arrest Records are not a valid reason to deny a rental application.
- Situations are considered on a case-by-case basis and are otherwise known as an individual assessment.
