Qualifications for Approval
The following policies are established to ensure that all prospective applicants screened by Real Estate Investment Services (REIS) will be treated equally. Only one application at a time will be processed. We will rent to the first qualified applicant.
APPLICANTS
- Each person 18 years of age or older must complete and sign an application.
- Valid photo ID must be provided at the time the application is turned in.
- Each adult is required to pay a non-refundable application fee.
CREDIT CRITERIA
- Real Estate Investment Services (REIS) will obtain a credit report for each applicant 18 years of age or older. Reports supplied by applicants will not be accepted.
- Discharged bankruptcies are acceptable.
- Certain credit conditions, i.e. bankruptcies, collections accounts, etc. may require higher security deposit and/or first and last months rent.
RENTAL HISTORY CRITERIA
- Must have at least six months of good rental history.
- Verification from family and friends is not acceptable.
- Certain rental history may require higher security deposits and/or first and last months rent.
INCOME CRITERIA
- Applicants gross monthly income must be a minimum of two and one-half times the amount of the Residents portion of the monthly rent.
- Self-employed applicants must provide their most recent tax return.
- All forms of income must be verifiable.
UPON APPLICATION APPROVAL
- The property would continue to be marketed until a Holding Fee is received and the Holding Fee Agreement is signed by the Pending Resident.
- The management company may accept an application from another prospective Resident if the Holding Fee is not received within 24 hours of approval.
- Rent or prorated rent is charged beginning the date agreed upon in the Holding Fee Agreement.
PETS IF ALLOWED
- An additional non-refundable pet fee per pet is required.
- Pit bull and Rottweiler breeds of dogs are not allowed.
- Additional criteria may apply.
CONDITIONS EFFECTING AUTOMATIC DENIAL OF APPLICATION
Real Estate Investment Services (REIS)