Resident Selection Criteria

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RENTIFI Property Management does business in accordance with the Federal, State and Local Fair Housing laws and welcome Persons of all Race, Color, Disability, Religious Creed, Ancestry, Sex, Familial Status, Sexual Preference, Gender Identity, Age and National Origin. We process applications and score on the criteria described in this policy. We select the best qualified tenant based on the highest scoring application. We do not accept comprehensive reusable tenant screening reports.

Each application requires that we verify credit history, leasing history, income, and criminal reports. Factors such as your move in date, pets and your behavior and cooperation with our staff may also be considered in the application decision.

Application Processing and Time Frame

Cost

Pets

The Application Process

Resident Selection Criteria

To qualify for the advertised security deposit amount you must meet the following criteria. If your credit, residence history or income does not qualify, you may still be approved but at a higher security deposit amount + increased risk mitigation admin fee:

Contingent Approval Fees – Credit Score Based

All lease transactions involve risk. To mitigate this risk for both landlord and tenant, RENTIFI routinely video tapes the condition of properties before and after each tenancy, ending most security deposit claim disputes before they begin. Offering an approval based upon total credit score below a 600 comes with even more inherent risk to the landlord and property manager. Much like with Apartment Communities, an approval can be offered even to tenants with less than perfect credit as long as they can pay the additional fee associated with their credit scores to offset the risk involved.

Risk Mitigation Admin Fees for Applicants

Average Credit Score (all Adults)….Fee Due

620 – 850 $195
600 – 619 $295
550 – 599 $395
500 – 549 $495
300 – 499 Declined

Denied Lease Approvals: any credit score under 500, (330-499) are declined due to bad credit.


Dealing with Multiple Applicants: A risk mitigation fee will be assessed based on the AVERAGE FICO score of all adults

No FICO Score: Applicants who do not have a FICO score may be assigned a score of 500 for the purposes of determining their risk mitigation fee

Other

If you apply subject to our accepting a lower rent or other move in concessions, your application fee will be non-refundable if your offer isn’t accepted. Refund of your application fee(s) is subject to all information on your application being accurate and verifiable.

If you withdraw before approval, you and any co-applicant may not withdraw your application or the application deposit. If you or any co-applicant withdraws an application or notifies us that you’ve changed your mind about renting the dwelling unit, we’ll be entitled to retain all application deposits as liquidated damages, and the parties will then have no further obligation to each other.

Keys or Access Devices. We’ll furnish keys and/or access devices only after: (1) all parties have signed the contemplated Lease Contract and other rental documents referred to in the Lease Contract; and (2) all applicable rents and security deposits, and any other admin or move-in fees have been paid in full.

Thank you for applying to RENTIFI!