FAQs
Application
Each person over the age of 18 who will be living in the home must complete and submit a separate application and screening fee. In order to qualify, each person must meet or exceed the minimum standards for qualification. 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 will include direct contact with employers, current landlord, previous landlords, consumer reporting agencies, public records, eviction records, and any other sources that may be deemed necessary. A consumer report will be used in the processing of all applications. Should the applicant be denied or face other adverse action based on information received in the consumer report, the applicant has a right to obtain a free copy of the consumer report, and to dispute the accuracy of the information it contains by contacting: Transunion Consumer Solutions, P.O. Box 2000, Chester, PA 19016-2000 (Phone: (833) 395-6938).
Qualification Standards
Applicants who do not meet the following minimum screening standards will not be approved:
| - | 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. | ||
| - | Applicant's credit score must be a minimum of 600. | ||
| - | A background check will be conducted on all applicants over 18. Each background check looks through rental activity within the United States and includes a full credit report with credit score, a complete background check and identity verification, and an eviction history report. | ||
| - | Applicants must receive positive references from all previous landlords for the previous 5 years. | ||
| - | Applicant must have current photo identification and a valid social security number. | ||
| - | Occupancy is limited to 2 people per bedroom. |
At property manager'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. In the event of multiple applicants, tenancy will be granted to the most qualified, based on the above criteria.
Application Approval and Deposit to Hold
After approval, a non-refundable Deposit to Hold in the amount equal to one month's rent will be required within 24 hours to hold the property until a mutually agreed upon move-in date. After all move-in requirements have been completed, the Deposit to Hold will be applied to tenant's first month's rent. If the prospective tenant fails to provide the Deposit to Hold within 24 hours of approval, the home will be offered to the next qualified applicant.
Move-In Requirements
After approval and before occupancy will be granted, prospective tenant must:
| - | Supply all the required move-in funds, including: | ||
| - First month's rent (Deposit to Hold) | |||
| - Non-refundable move-in fee | |||
| - Non-refundable pet fee, if applicable | |||
| - | Transfer all tenant paid utilities into tenant's name | ||
| - Comed: (800) 334-7661 | |||
| - Peoples Gas: (866) 556-6001 | |||
| - | Execute lease |
Application and Screening Fees
Each person over the age of 18 who will be living in the home must complete and submit a separate application and screening fee of $40. This fee helps to offset the cost of processing applications and ordering background checks.
Non-Refundable Move-In Fees
A non-refundable move-in fee of $600 will be charged. This fee helps to offset the cost of preparing units for tenancy (cleaning, painting, repairs, etc.).
Non-Refundable Pet Fees
If applicable, a non-refundable pet fee of $300 per pet will be charged for each pet who will be living in the home. The acceptance of pets will be at the discretion of the landlord and assessed on a case by case basis.
Security Deposit
Security deposits are not required at our properties.