|
Applicant Screening Criteria
1. Identification - Applicants shall provide
picture identification at time of applications(s). Prior to the
signing of a rental agreement, anyone who is going to live in the
home for more than 14 days in a calendar year and who is an adult
or emancipated minor, must submit a completed application and pay
a fee of $15.00 nonrefundable applicant screening charge.
2. Applicant Process - Applicant is urged to
review the screening criteria to determine if requirements can be
met. Each applicant over 18 shall submit a completed application
and pay the appropriate applicant screening charge(s). Acceptance
or denial of the application may take up to 7 days. Upon acceptance,
applicant(s) may be required to complete the rental agreement and
pay applicable fees and/or deposits within 3 days.
3. Rent to Income Ratio - Combined income of
all the applicants shall be 2.3 to 3.0 times the monthly rent amount,
depending on the home/owner.
4. Source of Income - All sources of employment
and non-employment income shall be legally obtained and verifiable.
At the time of application, it shall be the obligation of the applicant
to provide proof of income through tax returns, investment reports
or other financial data, pay stubs, or employer verification. Stability
of the source(s) and amount of income during the past five years
may be considered.
5. Housing References - The applicant(s) shall
provide the information necessary to verify current and previous
rental history for the past five years. Information obtained from
those related by blood or marriage may require compliance with the
variance policy. If the applicant's housing during the past five
years has included home ownership, mortgage payment history shall
be considered. If applying for a room then roommate references will
also be required.
6. Credit Worthiness - Credit worthiness may
be determined from a credit report which should reflect prudent
payment history. Applicant(s) history should be free of evictions,
judgment, collections, and bankruptcies. A valid explanation may
be considered by the owner/agent if provided by the applicant(s).
7. Limitations - Generally speaking occupancy
may not exceed two persons per bedroom. Smoking is/is not limited
in the unit (varies). Parking shall be limited to 1-2 vehicles per
unit. Pets may or may not be permitted, depending on the owner/agent.
The owner/agent shall allow aid animals or modifications to the
unit/home necessary to assist those with disabilities.
8. Arrests and Convictions - Arrests and/or
convictions may be evaluated. Any applicant whose occupancy could
constitute a direct threat to the health and/or safety to other
individuals or could result in physical damage to the premises will
be denied.
9. Demeanor and Behavior - The behavior and
demeanor of the applicants during the application process will be
considered.
10. Incomplete, Inaccurate, or False Information
- Any information that is incomplete, illegible, inaccurate, or
falsified may be grounds for rejection or termination of the rental
agreement upon agent/owner discovery.
Variance Policy
Failure to meet the screening criteria as stated may
be grounds for:
1. Denial of the applicant/application
2. If a cosigner is accepted, such individual will
also be required to meet the above screening criteria
3. Payment of additional deposit of percentage of
the rent.
If you have questions please contact us.
|