Coldwell Banker Expert Realty Property Management












Criteria for Resident Selection

1. A completed, signed, and dated resident application must be submitted by all adult applicants ages 18 and older. Applicant may have to be required to be approved by a condo/homeowner’s association.

2. All applicants must have a combined gross income of at least two times the monthly rent.

3. A minimum rental history of two years is required and previous rental history must show timely payment, sufficient notice of intent to vacate, no complaints, and no damage to the unit.

4. Any self-employed applicants may be required to produce upon request two years of tax returns or 1099’s and non-employed applicants must provide verifiable proof of income.

5. All sources of other income must be verifiable if needed to qualify for a rental unit.

6. Applicants must not have any felony convictions over the past seven years.

7. Only medically necessary pets are allowed unless there is written permission of the landlord in the lease document, an addendum to lease, a non-refundable pet fee acceptable to the landlord and/or a non-refundable pet fee acceptable to the landlord and/or an additional pet deposit or additional security deposit.

8. Mandatory minimum fees for cleaning, re-keying, etc. may be charges as per the lease. Residents shall still be liable for amounts for damages, cleaning, etc. that exceed these minimum fees as per the lease.

9. Applicants are required to pay a security deposit at the time of lease execution in a minimum amount of one month’s rent. We reserve the right to require a higher security deposit and/or additional prepaid rent.

10. The number of occupants in the rental unit must be in compliance with HUD standards and guidelines.

11. We may require a holding or good faith deposit to be collected to hold the property off of the market. In the event the application is approved and applicant fails to enter into the lease, the applicant shall forfeit this deposit.

12. Our company policy is to report all non-compliance with the terms of your rental agreement or failure to pay rent or any amounts owed to the credit bureau.


 
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