Rental Qualification

CREDIT, INCOME, RENTAL HISTORY & CRIMINAL BACKGROUND

CREDIT REQUIREMENTS

• Total monthly income (before taxes) must be 3 times amount of monthly rent
• No bankruptcies in the last 7 years
• No unpaid bills owed to previous landlord
• No evictions within last 7 years
• No outstanding collections for credit cards, car payments, or utility companies (Medical debts and student loans are not counted against you)
• No repossessions
• At least 80% of accounts are in good standing

INCOME VERIFICATION

W2 Employee Requirements

Employer

• Verify employed
• Verify salary
• Verify continued employment expected

Employee (Applicant Must Provide)

• Last 4 weeks of pay stubs
• Last 3 months of bank statements (if needed to substantiate income)

Self Employed (Requirements)

• Most recent year personal tax return
• Most recent 3 months of personal bank statements (front page)

Other Income Sources (Requirements)

Social Security, Child Support, Pension, Unemployment

• Award letter or official document on letterhead of entity making payment
• Include name of payee, amount of payments and duration

Tips, Odd Jobs, Babysitting, etc

• Last 3 bank statements
• Provide proof of consistent income if no other documentation is available

RENTAL VERIFICATION

• Provide rental history of last two landlords (must provide a minimum of one full year of tenancy
• Must not have been evicted or left owing money to Landlord
• Must not have damaged property
• Must not have created a nuisance or noise violation

CRIMINAL BACKGROUND

• Must not have committed felony within past 7 years
• Must not have violations of weapons, violence, drug trafficking or assault
• Must not have committed sexual offenses with past 7 years