Rental Criteria

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https://hfp.managebuilding.com/Resident/apps/rentalapp/

 

QUALIFYING CRITERIA

  • Fill out online application here. All applicants 18 years and over must submit an application. 
  • Lease applications must be complete, accurate and truthful. If an applicant intentionally omits required information, the applicant may be rejected on that basis alone.
  • We accept the best qualified applicants, which means that we take multiple applications for a given property. 
  • With your online application, submit $60 per applicant 18 years or over, which is also paid online. The application fee is non-refundable. 
  • Monthly income for all applicants over 18 must be 3 times the rent. If an applicant needs a guarantor to qualify, the guarantor's monthly income must be 6 times the rent.  
  • Income must be verified. Acceptable sources of proof: pay stubs, written verification from income source, most recent W-2 or 1040, 3 months of personal bank statements. If applicant is relying on a new employment position, applicant must provide a letter of intent from the new employer. 
  • Applicants must have a minimum of 1 year satisfactory rental history or R1 rating of home ownership. Satisfactory history is defined as no more than 3 late payments not to exceed 15 days past due, or no more than 1 returned check. The resident must have given proper notice to vacate and have no outstanding financial obligations to previous landlord. Broken leases and evictions within a 10-year period will not be accepted unless applicant has paid off debt to previous landlord or worked out payment arrangements prior to submitting application. 
  • All applicants must have an acceptable credit history. If bankruptcy has been declared, we require the bankruptcy to be discharged and new positive credit established. Existing credit must be at least 50% positive. 
  • Criminal history will be evaluated on a case-by-case basis. We abide by the U.S. Department of Housing and Urban Development's "Office of General Counsel Guidance on the Application of Fair Housing Act Standards to the Use of Criminal Records by Providers of Housing and Real Estate-Related Transactions." Applicants will not be rejected simply for having a criminal history; but only if determined it is necessary to serve a “substantial, legitimate, nondiscriminatory interest.” This would only exclude applicants for crimes that affect the safety of tenants and property or the ability to be a good tenant. The exception to this is a conviction for the illegal manufacture or distribution of a controlled substance. 
  • Where pets are accepted, there is a $350 deposit for the 1st pet and $250 for each additional pet. Restrictions to pet types, breeds or sizes may apply. Pets refers to any type of mammal, reptile, bird, amphibian, fish, or invertebrate (e.g., spiders). 
  • A property is considered leased when applicants for that property have been approved, the lease has been signed by all parties, and all deposits have been paid in full. Until these criteria have been met, the property continues to be available for lease and will be marketed. 

 

 

Rental Application

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