Application Qualification Procedures & Guidelines

APPLICATION QUALIFICATION PROCEDURES & GUIDELINES PB Services, Inc. would like to thank you for contacting our office. It is our goal to process your application within 48 hours. This is dependent upon our ability to obtain and verify the information on your application. Your cooperation in providing all necessary information is critical in this process. APPLICATION PROCESS 1. Complete and sign the application and authorization forms. 2. Proof of income MUST accompany the application. Proof of income can be the 2 most recent pay stubs or an offer letter to a new position. WE WILL NOT SHOW ANY PROPERTY TO YOU UNTIL WE HAVE A COMPLETED APPLICATION. 3. Photo ID (driver's license) and Social Security Card required. 4. You must pay a $25.00 non-refundable application fee per adult. We will accept only cash for this fee. 5. The security deposit is due if you wish us to hold the unit for you until your application is processed. GENERAL REQUIREMENTS 1. All applicants over the age of 18 must be on the application. INCOME REQUIREMENTS 1. Monthly rent amount may not exceed 30% of your gross monthly income. For example, if your rent would be $600.00 per month, you must gross at least $2,000.00 per month. 2. As stated above, you must provide your 2 most recent pay stubs or an offer letter to a new job. HOUSING HISTORY 1. Applicant must provide prior housing history in the form of a mortgage history or landlord rental history. 2. If applicant has no prior housing history a full month's rent, security deposit as well as last month's rent will be required. CREDIT HISTORY 1. Any applicant who has been evicted or received a judgement against them on a current credit report or landlord reference will be denied unless that debt is paid in full. 2. Any applicant with 3 or more open accounts in collections will be required to pay an extra security deposit or show proof of accounts paid. 3. Any applicant who may have filed for bankruptcy must show proof of discharge at least one year prior to applying. 4. If applicant has no prior credit history, the rental application might not be approved or they may be required to pay an extra security deposit. GUARANTOR REQUIREMENTS 1. Guarantor must complete the application and provide all the necessary documentation. 2. Guarantor MUST own their home. OCCUPANCY STANDARDS One bedroom unit = maximum 2 occupants Two bedroom unit = maximum 4 occupants Three bedroom unit = maximum 6 occupants RENTERS INSURANCE IS REQUIRED. It is suggested that approved applicants obtain renter's insurance prior to moving in. Renter's insurance covers the resident's personal property to its full insurable value against fire and other hazards under a customary policy.