Screening Criteria
Income
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Total combined gross monthly income must be at least 3X the amount of monthly rent (e.g. $1000 monthly rent x 3 = $3,000 monthly income).
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Stated income must be verified in writing, which may include a pay stub, verification form on company letterhead, letter of benefit assignments or tax statements, 2 Years tax returns, Bank statements.
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Applicants who do not meet the income requirements will be required to provide a qualified co-signer (Co-signer must make 6X the rent and own Real Estate. Co-signers are only accepted for income lower than 2X rent or low credit score. Co-signers are not accepted for Utility collections, Property Management , Collections or Evictions. )
Rental History
The following items may disqualify rental acceptance:
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Previous unpaid eviction(s)
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Outstanding delinquent payments owed to previous or current landlord
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History of lease violations (i.e.: late payments, NSF checks, noise complaints, skips or any negative reference)
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Applicants with no previous rental history will be required to provide a qualified co-signer or furnish additional funds as determined by Landlord including but not necessarily limited to an increased security deposit amount
Criminal Background Check
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All applicants require a criminal background check
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Violent or drug related felony convictions will disqualify an applicant from being a resident.
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Misdemeanor convictions or gross misdemeanor convictions will disqualify an applicant for up to three (3) years on crimes against persons, property or drug related illegal activity. The time period starts upon the date of the disposition of the crime
Proper Identification
Applicants must have a Government issued Photo ID.
Credit History
The following items may disqualify rental acceptance:
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Bankruptcy:
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Credit FICO Score must not fall below 600
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Credit history will be weighed in conjunction with all other rental criteria. American Stages Realty & Management. reserves the right to deny any applicant based solely on a history of any delinquent credit activity. (Medical expenses exempt)
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Applicants with no previous credit history will be required to provide a co-signer who meets the income and credit requirements of the Rental Acceptance Criteria, or furnish additional funds as determined by Landlord including but not necessarily limited to an increased security deposit at twice the deposit amount in effect at the time of approval.
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American Stages Realty & Management declines applicants with a history of Utility Collections.
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American Stages Property Management accepts and processes applications in the order received. Incomplete applications and/or applications with unverifiable references will result in the next application being review & considered. Available rentals are NOT removed from the market until the Security Deposit is paid in FULL.