What Qualifications are SET for people when applying for tenancy?

[Charlie Moore]

What are some GOOD pre qualifications to use? especially in the URBAN community? 

- Whats your application process? 

[Tracy Minick]

Don't let my response overwhelm you, we live in a state where if you don't list it in your criteria then you cannot decline on that reason.  That said we also cannot deny simply because someone is a Felon!

- All information on your application.
- Your rental history via any identifiable prior Landlords
- Credit reports via a third-party Consumer Reporting Agency
- Public records regarding criminal conviction history or registration as a sex offender
- Personal references.
- Verification of employment and/or income (or rental subsidy) amounts.
- Public records regarding civil court records.
- Any other information provided by the applicant (such as anticipated length of tenancy, tenancy commencement date, etc.).
- Any offers or proposals you may choose to make to us (additional rent or deposit funds, extended lease term, guarantors or co-signers, etc.).

General Information:

- Applicant on time for showing appointment, or timely call to reschedule

- Positive government issued picture ID for all adult

- Fully completed application, without material omissions, for every occupant.

- Demonstration of ability to pay complete deposit and rent

- Applications will not be reviewed until received in full. Groups of more than one applicant will not be considered until the applications from all members of the group are received.


Income/Credit Requirements:

- General rule is that income from the applicants intending to sign the lease must (collectively) equal or exceed 3 times the rent.

- Proof of adequate income (or reserves) to verify ability to pay rent on time throughout the lease term (select one or more):
• Verification of employment and salary/wages.
• Recent paystubs from verifiable employer
• Tax return copies for self-employed applicants.
• Proof of regular investment earnings, social security or other form of governmental rental supplement.
• Any additional sources of income that applicant wishes to disclose (i.e. child or spousal support, trust income, financial reserves, etc…).
• Any rental subsidies which you wish us to consider. NOTE: Exceptions to minimum income requirements are applicable for Section 8/subsidized applicants as provided in SMC 14.08.040(F).

- Favorable credit history free of negative credit issues which may indicate that the applicant has a pattern of failure to timely pay financial obligations.

Rental History:

- For applicants with prior rental history, favorable references must be received from minimum of last two landlords

- For applicants without prior rental history, adequate personal references for equivalent to two favorable past landlord references.

-Applicant agrees to obtain insurance protecting the premises from loss or damage caused by Resident(s)/Guest(s) negligence. A minimum of $100,000 of liability coverage needs to be obtained by the provider of your choice. Alternatively, you can use our provider at cost of $12.50 per month and the charge will appear on your lease with your rent charge. All monies received are applied to fees first then rent.

Guarantors:

- Applicants who do not meet our minimum criteria based upon income and/or credit requirements may propose a Guarantor.

- Guarantors are not accepted where the prior landlord or personal references do not meet our minimum criteria YouTube Video URL 1. Upload the video walkthrough for the unit to YouTube.
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