Below are the tenant screening criteria that will be used to qualify a tenant for tenancy.
Applicant also must be able to meet any property policies i.e. pets, no smoking, renters insurance as outlined by leasing agent to qualify for tenancy. The following information will be reviewed to determine tenancy: all information provided on application, rental history via any identifiable prior landlords, credit reports via a third party Consumer Reporting Agency, public records regarding criminal convictions history or registration as a sex offender or terrorist, personal references, verification of income, civil court records.
Each resident over the age of 18 must submit a separate complete rental application. Groups of more than one applicant will not be considered until the applications from all members of the group are received. Application will not be reviewed until all applications are received in full. All members of the group must meet the tenant screening criteria.
We do not accept a comprehensive reusable tenant screening report.
We screen applicants on a first come, first served basis. However, we reserve the right to disqualify an applicant who cannot immediately take possession of the property when it is available and ready. We do not hold a vacant unit for tenant move-in.
Please read the "Terms of the Application Agreement". A deposit is required as part of the tenant screening process for Owner/Agent to hold the property, remove it from the market, cancel advertising and cease showings to other prospective tenants. This fee must be paid within 24 hours of acceptance and will be applied to the security deposit.
Tenancy Approved - when applicant meets or exceed thresholds in all areas.
Income
1. Total combined monthly gross income of all rental applicants in a given rental unit must be at least 2.25 times the monthly rental rate. Except in cases of rental housing subsidies falling within SMC 14.08.040(f), income that does not meet this threshold results in denial of the application.
2. Only income that can be verified counts. Valid source must be provided to verify income. (Please attach confirmation of source of income to the application. If you are providing check stubs please provide the past 3 pay periods.)
3. Applicants must have the same source of income for a minimum of six (6) months or be able to provide a recruitment letter if new to the area.
Credit
1. Applicant is able to demonstrate fiscal responsibility.
2. Applicant has no delinquent payments or past pattern of delinquency.
3. Applicants debt/income ratio is no more than 50%.
4. Credit score should be 620 or above. “Terms of the Application Agreement"