Rental Requirements & Verification Process
Turn Key Realty, LLC considers it an honor to have the opportunity to assist you and your family in finding a home and regrets not being able to help everyone. To ensure you get the home you are interested in, please review the requirements and expectations that we look for in an applicant.
There are No Credit Requirements
Everyone 18 years of age and older must fill out an application and submit it with the items listed below. Please note that your application will not be considered or even looked at until ALL of the following information is received:
- NON-REFUNDABLE application fee ($50.00 cash per applicant)
- Copy of current drivers license
- Copy of 2 most recent check stubs
After your application is received along with all required documents, the approval process will start. Listed below are requirements that at least one of the applicants must meet:
- 1 year on current job (must be a W-2 tax paying job)
- 1 year verifiable rental or mortgage history
- Net income (after taxes) must be 3X’s the amount of rent
- Current rent must be within $300.00 of the amount of rent you are applying for
- ALL APPLICANTS must submit to a background check and not have any evictions, convictions, or numerous law suits for non payment of bills within the last 7 years.
If you are lacking rental history, or you haven’t been on your job for the length of the time required, you could still qualify if you have a credit score of 640 or above, or if you have an approved co-signer. Please see co-signer page for more information. If you are in an active Chapter 7 or 13 Bankruptcy, your application will be denied. Please only submit an application if you have been dismissed or discharged.
The screening process of applications usually takes 48-72 hours. It is our office policy that homes continue being showed until an applicant is approved. If any references are unable to be verified after 72 hours, the application will go into a hold status until proper verifications are completed. Once an application is approved, applicants will have 48 hours to bring certified funds to pay the security deposit and sign a lease.
An approved application is good for 30 days. Once an applicant is approved they are required to move into the home within 30 days, NO EXCEPTIONS!
*Turn-Key does not allow any pet on the viscous animal list on any property. Pet policy, as far as type and size, is dependent upon owner’s discretion. When pets are allowed, there is a $300.00 non-refundable deposit per pet.