Rental Criteria

Rental Criteria

 

* Application Fees are non-refundable. Please do not apply if you are not comfortable with anything listed below.
* Income: Gross monthly income must be at least 3x monthly rent. Income must be verified in writing with 2 most recent pay stubs or tax returns if self-employed.


Credit History:
*
The average credit score for the household must equal or exceed 600 or higher
* A soft credit inquiry will be processed on each applicant
* At least one member of every household must have a valid credit score and credit history
* Open collections, Charge Off and Judgments to housing providers must be satisfied
* Chapter 7 Bankruptcy must be discharged over 90 days from date of application submission
* Chapter 13 Bankruptcy must have an “order date” from the court that is at least one (1) year from application submission
* Applicants with adverse actions from a Consumer Finance lender or similar establishment within a five-year period of application submission will be denied
* Applicants with garnishment/collection from a State Child Support Agency within a two-year period prior to the application submission will be denied
* Applicants with no credit score or previous credit history will require an increased security deposit plus bank statements to show proof of assets


Rental History:
*
We will verify that each landlord reference provided is the actual owner of the property in question
* An application is not considered complete until all the addresses that were occupied by the each applicant in the last 2 years are documented
* No more than (2) late Rent payments in a 12-month period
* No more than one (1) NSF Rent Payment in a 12-month period
* No non-compliance issues that resulted in non-renewal or eviction
* No applicants with prior or pending eviction within a 3-year period of application will be accepted
* No applicants with outstanding monies owed to an apartment community or landlord will be accepted. 


Criminal History:
* Applicants that are registered sex offenders will be denied
* Applicants must have no felony convictions less than 5 years old that involve violent crimes against persons or property, including but not limited to murder, arson, kidnapping, assault, bomb-related offenses, robbery or burglary, terrorism OR that involve the manufacturing or distribution of drugs in any manner
* All other felony convictions must be more than 3 years old
* Conviction of any drug-related offenses involving possession only, or alcohol-related offenses where no one was permanently injured or killed, must be at least 2 years old
* Successful completion of any felony sentence at least 2 years ago and no new criminal activity for at least 2 years before this application is required
* No Applicant with any outstanding warrants or crime that is awaiting trial will be accepted
* If the Applicant would like the professional screening company we use to review additional information regarding the felony conviction or the current arrest or warrant as part of their rental application, the Applicant is permitted to submit that information along with their application and it will be reviewed on a case-by-case basis. Please submit by emailing 
team@rentzap.com
* Identification: Applicants must be able to prove legal presence in the United States and provide at least one current, valid government-issued photo ID.
* Lease Start Date: Lease must start within 21 days of application acceptance.


PROVIDING FALSE INFORMATION WILL RESULT IN YOUR APPLICATION BEING AUTOMATICALLY DENIED


Once approved: the approved applicant will be expected to pay the security deposit at the time of lease signing to hold the property. This is non-refundable if the applicant does not move into the property when the lease begins for any reason. The first month's rent, $95 lease preparation fee and proof that utilities are transferred into tenant’s name are required before possession is transferred to the tenant.


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