Rental Standards

INFORMATION

1.             There is a Non-Refundable $30.00 fee per person for processing the application.  This fee covers the obtaining of a credit report, performing an Unlawful Detainer (eviction) search, making phone calls and for clerical time.  All persons 18 or over must complete an application and pay the fees.  All credit verification monies are non‑refundable.

2.             Applicant(s) must specify which property they are applying for.  The application will be considered first for this property and only considered for another property if one is available that Applicant(s) qualifies for.

3.             You must call us to check the progress of your application.  If we are able to verify all of your information, we can have an answer for you within 48 hours.

4.             All Applicant(s)s must be present and sign the rental agreement prior to occupancy.  Keys will not be released without all applicants signing the rental agreement.  Rental Agreements must be signed in our office.

5.             We only accept money orders and cashier's checks

6.             No personal checks or cash is ACCEPTED.

MINIMUM QUALIFICATIONS

Rental History: We require three years of rental history.  Tenant history must be consistent with application and credit report.  We require the Applicant(s)s rental payment history demonstrate the ability to pay on time and to pay any and all outstanding fees when they become due.  Applications will be denied when Applicant(s)s has been late more than 2 times a year, has an eviction within the last three years, owes a landlord and/or agency money arising from their tenancy and /or is currently in the process of a legal action due to their current or past tenancy.

Employment/Income: All documentation to substantiate source of income must be submitted with application.  Application will be rejected if documentation is not provided with the application.  Income from your job and/or other sources must be at least three (3) times the rent after all monthly debt payments are subtracted.  Income from all sources must have been received for one year or more including employment, child support or any other source of income.  Proof of income must be provided by source income is received from; i.e.; Employment requires verification from our office and a recent payroll stub, income from government agency requires eligibility letter from that agency, court order payments (ex: child support or alimony) must be provable, a court order by itself does not establish payment from the other party.   All income must be legal and verifiable.

Credit History:  A credit report will be obtained to verify credit worthiness of Applicant(s).  A beacon scoring along with a credit rating will be used to determine Applicant(s)’s qualification to rent from Stanislaus Property Management.  Beacon score must reveal a rating of 600 or better and Applicant(s)s payment history must reveal less than one-third R2-R9 Ratings.  Balance of credit has to have R1 rating.  Collections are considered to be a rating of R2-R9. 

         Bankruptcy is acceptable if new credit has been established and it adheres to the above guidelines and the bankruptcy has been discharged or dismissed for at least one year.  Application will be denied if Applicant(s)’s bankruptcy has not been discharged completely.

Occupancy of units varies from owner to owner; the average occupancy standard is 2 persons per bedroom and only 1 person in a studio.   Some owners may have a different standard.

Note: Except as noted above, the qualifications above will qualify an applicant for the minimum deposit.  A deficiency in any one or more areas above will increase the security deposit up to 2 times the rent or the application could be declined.  Applicants with a felony conviction or a misdemeanor conviction within the last five years could be declined.  Any fraud statement(s) on an application will cause application to be declined.