Rental Criteria for Co-Signers

GENERAL STATEMENTS

1. Current, positive, government-issued photo identification that allows Owner/Agent to adequately screen for criminal and or credit history will be required.

2. Each applicant will be required to qualify individually or as per specific criteria areas.

3. Inaccurate, incomplete or falsified information will be grounds for denial of the application.

INCOME CRITERIA

1. Monthly income must be equal to four (4) times stated rent, and must be from a verifiable, legal source.

2. Six (6) months of verifiable employment will be required if used as a source of income.

3. Applicants using self-employment income will have their records verified through the state corporation commission, and will be required to submit records to verify their income, which records may include the previous year’s tax returns.

RENTAL HISTORY CRITERIA

1. Twelve (12) months of verifiable contractual rental history from a current unrelated, third party landlord, or proof of home ownership, is required.

2. Three (3) or more notices for nonpayment of rent within one (1) year will result in denial of the application.

3. Three (3) or more dishonored checks within one year will result in denial of the application.

4. Rental history reflecting any past due and unpaid balances to a landlord will result in denial of the application.

EVICTION HISTORY CRITERIA

Five (5) years of eviction-free history is required. Eviction actions that were dismissed or resulted in a judgment for the applicant will not be considered .

CREDIT CRITERIA

Ten (10) or more unpaid collections (not related to medical expenses) will result in denial of the application.

CRIMINAL CONVICTION CRITERIA

Upon receipt of this application and the screening fee, Owner/Agent will conduct a search of public records to determine whether applicant has a “Conviction” (which means: charges pending as of the date of the application; a conviction; a guilty plea; or no contest plea), for any crime involving financial fraud, including identity theft and forgery. Any Conviction within the last seven (7) years will result in a denial of the application.