RENTAL QUALIFICATION REQUIREMENTS

Premium Properties is an equal opportunity housing provider and strictly adheres to Fair Housing Laws.  Premium Properties does not discriminate based on race, color, national origin, religion, sex, familial status or disability.

All occupants 18 years or older must apply as an Applicant and may be required to sign a lease/rental agreement. 

Applicants will be qualified based on the following criteria:

Credit History:

• Applicants who have filed bankruptcy within the last three (3) years will be declined.
• Applicants with any unpaid collection accounts or “charge off” accounts within the last three (3) years will be declined.
• Applicants must have a minimum of two (2) satisfactory accounts (account with no late payments) for every account with a late payment and/or a paid collection account.
• Applicants must have a minimum credit score of 675.

Rental History:

• Applicant must have two (2) years of verifiable rental history.  If Applicant has lived in a Property owned by Applicant for four (4) or more of previous years, verifiable rental history requirement will be waived.
• Applicant must receive satisfactory standing from current and previous landlord in regards to payment history, condition of property during tenancy, upon vacating and ability to adhere to terms of lease agreement and/or any rules or regulations with regard to Property.
• Applicant with a prior eviction or unlawful detainer will be declined

Income Requirement:

• Applicant must have two (2) years of verifiable income history.
• Total gross income of all Applicants qualified as signatures on lease must equal a minimum of three (3) times monthly rent amount.

Applicant is hereby made aware that Security Deposit will be equal to 125% of monthly rental amount (rounded to nearest $100.00).  Security Deposit may be increased for addition of any pets.  Acceptance of Pets and Smoking are the decision of Property Owner and any increase in security deposit related to each will be made by Owner within the guidelines of current Real Estate Laws and Requirements.

Applicant is hereby made aware that Owner of Property will make final decision on qualification of Applicant should Applicant not qualify based on Premium Properties qualification requirements.  Owner and Applicant are open to negotiate terms of lease/rental agreement in regards to security deposit, term of lease, etc. as long as all terms are not in conflict with current Real Estate Laws and Requirements.  Example: Owner has authority to accept Applicant not qualified based on Premium Properties qualifications with the addition of increased security deposit.

Applicant is hereby made aware that Premium Properties will continue to accept & consider applications on a property until such time as a lease agreement has been executed by all parties.