In order to facilitate applicant approvals
for our properties, the following are general guidelines of
our qualifying criteria:
A separate rental application must be fully completed,
dated and signed by each co-applicant and all adult occupants (18
years and older).
We also require a completed Agreement for Application Deposit. The
application deposit and application fees ($35 per) must accompany
the applications to be processed. These fees must be in separate
certified funds (cashier’s checks or money orders) and should be
made payable to RECAR & ASSOCIATES, REALTORS. Incomplete
applications cannot be processed. Please be sure to include names,
phone numbers with area codes, and dates as legibly as possible.
Each applicant and co-applicant must provide a valid state issued
photo ID along with their application. Example: drivers license or
government ID.
Applicant must have a minimum of
three years of verifiable rental
or mortgage history. Applicant must have a satisfactory
payment history and no rental evictions, lease violations or
foreclosures on their record.
Applicant who does not meet the above criteria may qualify by having
the lease co-signed by a family member or employer. Co-signers must
also complete the application process and have verifiable monthly
income of SIX times the rental amount. Some property owners may not
accept co-signers, so please verify the criteria with the listing
agent of the desired property.
Applicant must have
verifiable work history of at least three
years. Gross monthly income must be at least three times the
monthly rent. Self-employment and other income sources (trust
funds, government grants) must be verifiable with bank statements,
certified financial statements or tax returns.
Applicant’s credit history must be satisfactory;
excessive late payments, collection accounts, balances due to
creditors are generally not acceptable. Provided that other
Application qualifications are met, some Owners may request
additional deposits if it is determined that there is insufficient
credit to meet the criteria.
Applicant may be denied occupancy for the following reasons, but not
limited to: falsification of application, incomplete applications,
insufficient rental or employment history, credit problems, criminal
history and/or felony convictions, or unverifiable information.
An Equal Housing Opportunity Company