Application Process

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Selection Criteria

We are pledged to the letter and spirit of the U.S. Policy for the Achievement of Equal Housing Opportunity throughout the Nation. We encourage and support a program in which there are no barriers to obtaining housing because of Race, Color, Religion, Sex, Handicap, Familial Status, National Origin, or for any other unlawful reason.

Application Processing and Time Frame

Processing an application normally takes between 1-3 days, and is processed on a first qualified, first served basis. In some cases approval of homeowner associations, condo associations, homeowners, or unforeseen circumstances may require some applications to take longer. You will be contacted upon determination of approval or denial, and if approved, you have no more than 24 hours to bring in the deposit with certified funds to hold the property until you are ready to sign a lease. All adult applicants over the age of 18 must submit a fully completed, dated and signed rental application and application fee. No properties will be held off market until a signed lease occurs on the unit. No co-signers or guarantors are allowed at this time.

Cost

If you decide to apply to rent one of our properties, there is a $45.00 per adult application fee that is non-refundable. This must accompany the completed application form provided to you by our company. Incomplete applications or applications submitted without the proper application fees will not be considered and application fees will not be refunded for incomplete applications.

Some Homeowner and Condominium Associations may require a separate application and fees and if such is the case, you must also apply separately to such homeowners or condominium association and remit whatever other application fee may be required.

The Application

Upon receipt of your rental application and fee, you authorize that we will (1) check your credit report; and (2) check the public records for any past evictions; and (3) verify your employment; and (4) verify your previous landlord references; and (5) do a criminal background check.  We would encourage you not to apply if you have bad credit, bad references, have ever been evicted in the past or have a serious criminal record. 

Once you have been notified of your approval, you must place (at a minimum) a holding deposit (by cashier's check or money order), equal to at least one months rent within 24 hours of your approval notification. Once approved and payment of the holding deposit is paid your holding deposit is non-refundable. In the event that you fail to enter into the lease agreement or refuse to take possession of the property on or before your applied for beginning rental date, you shall forfeit these funds as liquidated damages. Due to the high demand for rental homes, we will not hold the property you applied for off the rental market for more than 24 hours unless you provide the required holding deposit.  If you do not comply with this requirement, we may rent the home you applied for to someone else, and your application fee is non-refundable.

All applicants should see the interior of the property before an application can be submitted. The property must be accepted in AS IS condition before an application can be accepted, except where there is written agreement for maintenance or repair items. In the event that the manager shall receive two or more unrelated applications for the same property, the applicant understands the manager shall select the first qualified (according to manager’s standards and the law) applicant that first submitted the request. In all cases, the application fee is Non-Refundable.

All initial funds - the holding deposit, first month’s rent, and security deposit must be paid by cashiers check or money order payable to Promise Property Management. Subsequent months thereafter may be paid by check or online.

Resident Selection Criteria

Applicants must have a combined gross income of at least three (3) times the monthly rent and a minimum 640 credit score. Incomes must be verified in writing or applicant may provide recent pay stubs.  Rental history must be rated satisfactory or better, with no record of evictions. We reserve the right to require a higher security deposit depending on the situation. 

Credit history and/or Civil Court Records must not contain slow pays, judgments, eviction filings, collections, liens or bankruptcy within the past three (3) years. We will not provide you with the credit report or tell you of its contents; however, we will provide you with the name of the credit reporting agency so you may receive a copy from the credit bureau. All information collected for the approval or denial of this application is considered confidential in nature and for company use only.

If you have been convicted of a felony within recent years, this may be cause for rejection.  Applicants must not have a felony record that was adjudicated guilty of any length of time for any drug-related, sexual-related, murder-related or arson-related crime.

Valid current photo ID documentation (driver's license, military ID, or State ID) is required.

Previous rental history reports from previous landlords should be positive.

Current occupancy standards are usually determined at the municipal level.

Pets are permitted in several of our properties with specific written permission from Promise Property Management by signing a Pet Addendum to the lease, and by paying an additional refundable pet deposit fee of $500.00 per pet. Some properties may require different pet deposit amounts and/ or Pet Rent. Certain pets breads and sizes may not be permitted at manager’s or owners discretion.

Other Issues

Rents quoted are the rental amounts due if paid on time in accordance with the lease agreement.

Maintenance and Repair - When you rent a home from our company, we strive to ensure that all items are in good working order. You will typically not be responsible for repairs unless manager determines that you are at fault.

Multiple Applications - It is entirely possible that Promise Property Management may receive multiple applications from unrelated individual applicants on the same property at approximately the same time. If such is the case, we will process applications for consideration on a first come first considered bases and rent to the best qualified applicant based on monthly income, credit score, previous rental history and date of move in. Applications who are willing to take immediate possession will be given priory if all items are equal.

 

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