Renter Qualification Standards

 

  1. Positive Photo Identification - e.g. drivers license, military ID, employment ID, green card, passport.
  2. Gross Monthly Income - 3.5% of rent/$54,600+ yearly income having been maintained for at least 3 months prior to application. Proof of earnings from employment, social security, child support, alimony and/or spousal support must be documented. Unverifiable income cannot be considered.
  3. Employment history - at least three months at present place of employment and/or two years of employment in the same field with Income Verification through employer contact, tax records, pay stubs, or Leave & Earning Statements. Military personnel recently assigned are requires to provide a copy of military orders & officer contacts.
  4. Positive Credit Report - we will pull this information as part of the application process - applicants may not provide their own credit report print out. Extra-ordinary amounts of debt could result in higher income requirements. Credit Report provided by https://www.e-renter.com
  5. Positive rental or home ownership history for a least two years - with no prior evictions or unlawful detainers filings.
  6. Criminal history free of felonies or convictions related to drugs, crimes against persons and/or property.

Exceptions to standards - "Adverse Action Options"

Sometimes due to extenuating circumstances, exceptions to one area of the above standards may be considered, often with some "adverse action" being required. For instance, perhaps a loss of job or divorce led to a tough time as seen in the credit report. Before and after these challenging times, the applicant showed good credit and generally qualifies in all other areas. A qualified co-signer or additional deposits may be required, thus allowing a tenant to rent a home which might otherwise not be available to them Please reveal any information that may not meet standards prior to having us run your application. It is frustrating and expensive for everyone to go through the entire process only to realize that an important standard is not met and no adverse action option can be taken to overcome it.