To help you prepare and save you time and effort in finding your new home, Neighborhood Rentals wants you to know upfront what is required to qualify to be a tenant. We have laid out our qualification process step by step so you can be aware of what all goes into ensuring your success. You are welcome to submit an application online at www.myneighborhoodrentals.com if you believe you meet the qualifications.
What You Can Expect
- Applications for housing will be accepted on a first come, first serve basis and are subject to the availability of the particular housing type requested.
- In most cases, your application can be approved within 2-3 business days of receipt. This will vary and depends on the availability of your references.
Requirements for Application Acceptance
- Each applicant 18 years and older must complete and sign an application. Please make sure the application is completed in full. Information that is left out will delay the approval process until it is complete.
- In some case, you may be allowed 24 hours to correct certain issues such as collection payments, co-signer applications, and missing information.
- A non-refundable application fee of $35.00 is required from each applicant.
- We do not have properties that accept sex offenders or persons convicted of drug trafficking/distribution.
- All other charges are taken on a case by case basis.
- Applicants on probation or parole must provide contact information for their parole officer.
- If your application is denied due to criminal history only, you will be given the opportunity to present mitigating factors.
- Inaccurate or falsified information will be grounds for immediate denial.
- Unit occupancy is not to exceed two persons per bedroom plus 1. Minors under the age of 2 years old are exempt from this calculation.
- For mostsingle family homes with rent under $900 a month, a minimum 600 credit score is required. For most homes above $900 or a new construction patio home apartment, a 650 credit score is required. Most apartment complexes and most mobile homes do not require a credit score.
- In the event that your credit does not meet these criteria, you may still qualify with a co-signer.
- Collections: Nounpaidutilities, rent, cable or phone bills. Utilities and rent must be paid in full with a receipt to move forward with application. Cable and phone bills must either be paid or a payment plan set up with verification to move forward. Discharged bankruptcies are acceptable.
- All information shown on the credit report is subject to verification, including previous addresses and place of employment.
- The household’s gross monthly income must be three (3) times the amount of the monthly rent.
- Income will be verified by submitting 3 months worth of pay stubs with your application.
- In the event that your household’s income does not meet these criteria, you may still qualify with a co-signer.
- If you are self-employed tax records and bank statements must be provided.
- Applicant must have at least 6 months of good rental history. This will include timely rent payments, proper notice of cancellation or non-renewal, no outstanding balances or history of lease violations. Relatives do not qualify as rental references.
- Denial of application will be immediate for evictions, gross property damage beyond normal wear and tear, refusal to re-rent by previous landlords, and/or outstanding balance to previous landlords.
- Owning a home for the past 2 years with a mortgage in good standing on your credit report will also be accepted as good rental history.
- No rental history or less than 6 months rental history may require a co-signer.
- In the event that a co-signer is required for approval, the following requirements will need to be met:
- The co-signer must fill out a separate application and pay the specified application fee. They must fulfill all the same requirements.
- The co-signer will be listed on the lease agreement and will be financially responsible in the event that the residents cannot fulfill their lease agreement.
- Co-signer will be released from financial obligation once a year’s lease has been fulfilled, with written request ffrom both tenant and co-signor.
- Once an application has been approved the security deposit must be paid within 24 hours. This will hold the rental unit for 5 business days before the first rental payment is due. The first rental payment will be pro-rated. If the payment schedule cannot be met the rental unit will become available to the next waiting applicant or be advertised again on the rental market, and applicant will forfeit security deposit.
- A $125 leasing fee will be assessed for the lease processing without pets
- Pet Friendly Properties:
- A $225 leasing fee will be assessed for the lease processing with pets
- Even the best pets add additional wear and tear to a property. An additional $40 per month, per pet will be charged.
- Pets will only be accepted at certain properties with prior written authorization. There is a maximum of 2 pets per home. Please call the office for additional information.
- Assistance animals must be disclosed on the application along with proper documentation. Failure to do so may result in denial of application.
- Approved applicants must be current with all required utility providers and will have to set up utilities in their name with the utility provider immediately after the lease signing. Utility account numbers must be provided after the lease signing before keys are turned over.
- Deposit, rent, and leasing fee is due in separate certified funds before move in, or before keys can be distributed
- Lease will be emailed to all applicants to be signed electronically and returned by all applicants
EQUAL OPPORTUNITY HOUSING:Neighborhood Rentals Property Management is an Equal Housing Opportunity Provider. We do business in accordance to the Federal Fair Housing Act and do not discriminate against any person because of race, color, religion, sex, handicap, familial status, national origin, age and marital status. Additionally, we provide housing in accordance with all other state or local laws if those laws provide greater protection than the Federal Fair Housing Act. Click here to learn more.