Rental Qualifications
- Applicant must have current photo identification and a valid social security number
- Applicant’s monthly household income must exceed three times the rent. All income must be from a verifiable source. Unverifiable income will not be considered.
- Applicants must receive positive references from all previous landlords for the previous five (5) years
- Applicant may not have any previous evictions or unpaid judgements from previous landlords
- Applicant must exhibit a responsible financial life. Credit score must be a minimum of 600.
- A background check will be conducted on all applicants over 18. Applicant’s background must exhibit a pattern of responsibility.
- Occupancy is limited to 2 people per bedroom.
Prequalification
Applicants may pre-qualify for a property by filling out a short form to determine the potential for successful approval of a full application. No application fee, background check, or documentation is required for a pre-qualification. The pre-qualification process is based on information provided by the applicant and is not a guarantee of a successful final application approval. Pre-qualification can be done on the RentRedi property listing found on the link below the property on the home page.
Application
Each person over the age of 18 who will be living in the home must complete and submit a separate application and processing fee. Incomplete applications will not be processed. Applications containing false information will immediately be disqualified. Please expect 3-5 days for the application process. Processing the application may include direct contact with employers, current landlord, previous landlords, friends, personal and professional references, law enforcement agencies, government agencies, consumer reporting agencies, public records, eviction records, and any other sources that may be deemed necessary. A TransUnion consumer report will be used in the processing of all applications. The applicant will be provided a free copy of the consumer report during the application process, and may dispute the accuracy of the information it contains by contacting TransUnion. In the event of multiple applicants, tenancy will be granted to the most qualified, based on the criteria detailed in the Qualification Standards section below.
Lease / Deposit to Hold
After approval, if tenant will not be taking occupancy within 24 hours, one of the options below must be met. If the prospective tenant fails to meet one of these conditions within 24 hours of approval, the home will be offered to the next qualified applicant.
- A signed Lease with a mutually agreed upon move-in date and security deposit equal to one months rent.
- A non-refundable Deposit to Hold in the amount equal to one month’s rent to reserve the property until a mutually agreed upon move-in date. After all move-in requirements have been met and a lease for the property completed, the Deposit to Hold will transfer to the security deposit to be held throughout the tenant’s entire tenancy.
Move-in Requirements
After approval and before occupancy will be granted, Prospective Tenant must supply all the required move-in funds, including the security deposit, first month’s rent, and any other additional deposits and fees, all tenant paid utilities must be transferred into Prospective Tenant’s name, and a lease must be executed and signed by all parties.
At landlord’s discretion, compensating factors such as a co-signer (guarantor) may be required for qualification if applicant fails to meet any one of the above requirements.