Application Process & Resident Selection Criteria

The following information is designed to give you information about the application process and our resident selection criteria.

Before you begin

Cost:

If you decide to apply to rent one of our properties, there is a non-refundable application fee of $65 per adult that must be submitted with your application. Incomplete applications will not be processed.

Income Verification:

We use a third-party income verification service. They help detect fraud and allow us to better verify an applicant’s income. After an application has been successfully submitted, we will send you an email to upload your income documentation to our third-party income verification service.

The Application Process:

Upon receipt of your rental application and application fee, we will:

  1. Check your credit report; and
  2. Check the public records for any past interactions with the eviction process; and
  3. Verify your employment; and
  4. Verify your previous landlord references; and
  5. Do a criminal background check.

Resident Selection Criteria:

Security Deposit Determination

We use a risk-based deposit model. In some cases, we will ask for a higher deposit (up to 2 month's rent) depending on a number of factors detailed in our rental requirements. The Security Deposit will never be less than one month's rent.

Credit Score Based Risk Mitigation Admin Fee

All lease transactions involve risk. Offering an approval based upon total credit score below a 700 comes with more inherent risk. We can offer approval even to tenants with very low credit as long as they can pay the additional fee associated with their credit scores to offset the risk involved. If there are co-applicants, there is only one Risk Mitigation fee per Lease.

Risk Mitigation Admin Fees for Applicants/Co-Applicants:

Average Credit Score (all Adults)….Fee Due at Lease Signing
700 — 850...............................................$ 0
650 — 699...............................................$200
600 – 649...............................................$300
580 – 599...............................................$400
550 – 579...............................................$500
300 – 549...............................................Declined


Note: any credit score under 580, (330-579) will be automatically declined due to bad credit. A co-signer cannot assist an applicant with a credit score below 580. A co-signer can only assist if an applicant has no credit. A credit score above 580 does not automatically guarantee acceptance.


Common Denied Lease Approvals (not exhaustive):

Once Approved: