Standard Rental Criteria

Rental Criteria

Please contact the leasing agent or property manager regarding availability before applying.


Some properties may have different criteria. Please contact leasing agent or property manager for further clarification.


All people over the age of 18 years old who will be living in the rental must be screened and approved for tenancy.



Rental History:

Current and previous landlords or mortgage lenders will be contacted for reference. Twelve months of verifiable rental history is required.

Credit History:

We require that a  credit report be run. Must have established credit in good standing and all active accounts should be reported as current.


                                                       
 

windermere-rental-agreement

Employment:

Twelve months on the job or previous employment in same kind of work. Employment must be verified by telephone to employer(s) or through payment documentation.

Employment – Self Employed:

Self-employment must be verified through tax returns or additional documentation that may be requested.

Employment – Retired:

Retired applicants will be required to provide sufficient income as presented under Income Requirements.

Income:

Applicant must meet three times the rental amount in verifiable income. Copies of current pay stubs that equal minimum of 1 month are required to verify income. Self-Employment and/or extra income must be verified through tax returns and/or additional documentation that may be requested. Bank account records (checking, savings, etc) are not acceptable.


Income that is 2.5 – 2.99 times the rental amount may require advanced payment of first and last month’s rent and/or an increased security deposit.

Income that is less than 2.5 times the rental amount may require a qualified co-signer.


Final recommendation will be dependant on level of income, length of rental history and credit history.

Photo ID is required:

You will be required to provide a copy of your driver’s license or other government issued picture ID.


Personal email address is required.


All applicants on the lease will be required to have their own personal email address and that email address cannot be shared. All lease signing and correspondence is completed online.

Occupancy:

Occupancy is limited to no more than two persons per bedroom (studio units are considered to be one bedroom).

Section 8 Applicant Criteria:

Section 8 applicants are required to meet the same criteria as stated above, with the exception that the applicant only needs to meet income requirements for their portion of the rent.  The applicant should verify with their own specific Section 8 requirements to determine eligibility for residency at this community.

International Students and Applicant’s who Are New to the Country:

Both must meet same criteria as listed above.

Documentation is required (provide 1)

 - Visa

 - Permanent Resident Card (Form 1-551)

 - Employment Authorization Document (I-766)

 - Temporary I-551 Stamp (or passport or I-94/1-94A)

 - Individual Taxpayment Identifcation Number

Co-signer Rental Criteria:

A co-signer may be approved if all the qualifications below are met. If the co-signer does not meet one of any of the following criteria, then the co-signer will not qualify. Not all property owners will accept a co-signer, so prior consent of the agent must be obtained before applying.


RENTAL HISTORY: 1 year of valid and verifiable rental or mortgage history with no late payments

CREDIT HISTORY: At least 4 accounts established for 1 year, in good standing with less than $100 in derogatory accounts

EMPLOYMENT: 12 months on the job or previous employment in the same kind of work

INCOME: 4 times the rental amount of the unit in verifiable income

Grounds For Denial MAY Result From The Following On All Applicants:

Verified eviction showing on credit report or confirmed with landlord.

Rental collection verified on credit report.

Balance owing to landlord.

Breaking lease agreement that will result in collection filing.

Extreme negative and adverse rental history, e.g. documented complaints and/or damages, multiple late payments or 72 hour notices to pay or vacate with statement by landlord of "WOULD NOT RE-RENT."

Open bankruptcy.

Unpaid collections or charge offs.

Unverifiable social security number and/or inability to screen.

Falsification of rental application.

Criminal Convictions:

A criminal conviction of crimes of violence, crimes against persons, property crimes, crimes involving the possession, use, sale, and or distribution of illegal drugs and or crimes involving breach of trust may lead to denial.


A criminal records search will be performed for felony and misdemeanor offenses. All felony and misdemeanor offenses must be disclosed on the rental application. We may have additional follow up questions on any offense that is disclosed.

Pet Requirements:

Current Photo of pet (s) must be submitted at time of application.  All pets must be vaccinated and spayed/neutered.


If property is accepting a pet it may be required that a pet screening be performed prior to application. The cost of pet screening is the responsibility of the applicant and must be presented at time of application. To complete screening visit https://wrepets.petscreening.com. You may also be subject to Non-Refundable Pet Fees, Pet Rent and/or Pet Deposit.


If property is accepting a pet it may limit the number of pets that may reside in the home.


No breeds commonly labeled as “aggressive” by insurance companies will be allowed on owner’s property at anytime. Mix breed dogs will require documentation providing the breeds used in the mix and are subject to additional screening through https://wrepets.petscreening.com. Mix breeds may be required to have additional insurance placed on them.


COMMONLY LABELED AS “AGGRESSIVE” BY INSURANCE COMPANIES:

Akita, Malamute, American Bull Terrier / American Bulldog, American Staffordshire Terrier, Chow, Coyotes and Wild Dogs, Doberman Pinscher, German Shepherd, Hybrid and Purebred Wolves, Korean Jindu, Pit Bull, Presa Canario, Rottweiler, Husky, Staffordshire Bull Terrier, Bully

Assistance Animals:

For all assistance animals, an “Assistance Animal Accommodation Request” must be completed and presented at time of application. There is no cost for this request and it can be completed by visiting: https://wrepets.petscreening.com.

Move-IN FUNDS:

MOVE IN FUNDS MAY CONSIST OF:

First Month Rent

Security Deposit – Refundable

Security Deposit – Non-Refundable

Pet Deposit – Refundable

Pet Fee – Non-Refundable

Pet Rent

APPLICATION FEE:

There is a non-refundable screening fee of $50.00 PER PERSON over the age of 18. Should your application be cancelled, there will be a $5.00 administration fee.  Your refunded amount would be $5.00 less than the original charge.


Important Notice: The screening fee is required to be paid by credit/debit card in order to submit and process your application online.  If additional fees are required for out of state criminal record search you will be contacted.

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