DISCLOSURE OF QUALIFYING CRITERIA
Acknowledgement: By completing the rental application following this disclosure, you certify that you have read and agree to the following rental qualifying criteria.
Each applicant must complete and submit a rental application, including all information necessary to verify employment, residency, monthly income, credit and criminal history. Any individual that is 18 years of age and older must complete a separate rental application and pay an application fee.
The acceptance of roommates is at the discretion of each individual property Owner. Any adults living in the home that are not a legally married couple regardless of familial relation are considered roommates, and will complete separate applications, pay application fees and pay separate security deposits.
The acceptance of pets is at the discretion of each individual property Owner, with the exception of dangerous breeds which shall be excluded unless special conditions apply. No application, application fee or application deposit will be deemed as accepted if pet disclosures and Owner acceptance have not occurred prior to completing the rental application. Please read our Pet Policy Information thoroughly.
Central Texas Property Management, in accordance with Federal Fair Housing Laws, does not consider a support animal a pet, nor do we require or collect additional security deposits or rent for such. We do ask that you provide us with a signed copy of the letter we will provide to you indicating your need for a support animal. It must be signed by your healthcare professional or a letter or healthcare provider. Please disclose information about a service animal when applying.
Central Texas Property Management, in accordance with Federal Fair Housing Laws, is committed to proving housing equally to all qualified applicants. It is for this reason that we ask you to discuss any special needs or requests with us at the time of applying.
The combined monthly income of the Applicant(s) must equal 3 X’s the amount of the monthly rent. Income includes all verifiable sources to include, but may not be limited to employment, retirement, subsidies, court-ordered child support, alimony, severance and social security, etc. Verification of income is required in writing and must be able to be confirmed. Self-employment income may be verified with a copy of the applicant’s most recent tax return and concurrent bank statements for the three months preceding the current month.
Credit history must be favorable, with a minimum of 50% of the applicant’s credit obligations (past and present) as listed on the credit report in favorable status and a credit score of 500 or above, at the time the report is requested. Unfavorable accounts may include, but are not limited to, unpaid judgments, write offs, charge offs, collection accounts and past due accounts. Total unfavorable accounts that exceed 50% of the overall credit, credit scores under 500, previous landlord filings, landlord debts, and landlord judgements, may be subject to decline of application or other restrictions up to and including additional deposit requirements.
Past Rental History:
Your application may be declined if past rental history includes a debt owed to one or more landlords, lease violations and/or late or non-payment of rent, etc. In some cases, we may accept your application with unacceptable rental history where you will be subject to other restrictions up to and including payment or verified payment plan for landlord debt and additional deposit requirements. Multiple (2 or more) negative past rental histories, landlord debts, and judgements will result in a declined application.
Your application may be declined if you, or another applicant, have unacceptable criminal history which, at the discretion of Central Texas Property Management, may endanger other residents.
1 Bedroom: 2 People + 1 child
2 Bedroom: 4 People + 1 child
3 Bedroom: 6 People + 1 child
4 Bedroom: 8 People + 1 child
Lease Guarantor: A lease guarantor may be used under the following conditions:
- Your monthly verifiable income is less than 3 X’s the amount of the monthly rent.
- You have a familial relationship with the guarantor such as parent or relative.
- The guarantor lives within the United States and has a social security number.
- The guarantor meets our credit and criminal history requirements.
- The guarantor has verifiable monthly income which equals 4X’s the amount of the rent.
You may not use a Lease Guarantor if:
- You are declined because of unacceptable credit history.
- You are declined because of unacceptable rental history.