Selection Criteria

Welcome to Receptive Property Investments, LLC. Before you apply to lease one of our homes, please take the time to review this screening policy. All persons 18 years of age or older will be required to complete separate rental applications. The term "applicant(s)" under this policy means the person or persons that will be signing the Lease as "residents" or "tenants"; the term "occupant(s)" in this policy means the person or persons that are authorized occupants under the Lease.

Please also note that these are our current rental criteria; nothing contained in these requirements shall constitute a guarantee or representation by Receptive Property Investments, LLC that all residents and occupants currently residing in a Receptive Property Investments, LLC home have met these requirements.

Fully completed application packages are processed in the order they were received. The first applicant to meet the rental criteria will be approved.

Equal Housing

It is our expressed policy that we do not discriminate against anyone because of race, color, religion, sex, handicap, familial status, or national origin.

We do not lease to:

• Applicants that falsify information on their rental application (applicant will forfeit all deposits and fees paid)
• Applicants that cannot prove their legal residence status

 

Occupancy

 

Occupancy standards are based on 2 persons per bedroom per home.

Move In Timeframe

Applicants move in date must be within 2 weeks from the date the property is available or within 2 weeks from the date your application was submitted, whichever is later. Please check the available date listed on the advertisement. If you require a move in date outside of 2 weeks from the available date or submission date, it must be approved in writing by management.

Applications

All prospective tenants 18 years old or older (including spouse if married) must provide a signed and completed application. A background check and rent and employment history will be run on each individual adult applicant. A copy of a government picture ID and a non-refundable application fee of $45 (electronic (online), money order, or cashier’s check) must accompany each application. A Social Security number is required to apply (for credit verification).

All information in the rental application(s) regarding employment, criminal, credit, and landlord history must be verified before a decision on the application can be made. A decision on an application may be delayed due to delays in the verification process. This could result in the home being offered to another applicant who submitted their application later but the information was readily verifiable, which concluded in being able to make a decision of approval or disapproval and offer of home prior to another earlier dated rental application.

 

Information to be verified for each adult applicant 18 years of age or older:

Income*

• Monthly rent shall not exceed 33% of gross monthly income of all applicants and prospective tenants must have a minimum of two years stable, verifiable employment
• The applicant must be: (a) currently employed full time and must have been employed for at least 18 months out of the 24 months preceding the date of the application(s); or (b) elderly or disabled. Full time employment shall mean at least 30 hours of paid employment per week
• Employers who refuse to verify Applicant(s) income or length of employment may cause rejection
• Self-employed applicant(s) whose income is necessary to qualify to rent must provide copies of six month’s of bank statements and the last two years of complete IRS tax filings to show stable income
• Other income shall be verified by third party documentation or by documentation submitted by the applicant which in management’s sole determination is deemed necessary

Residence History*

The applicant(s) should have verifiable third party rental history with non-related family/friends for at least 2 years preceding the date of application(s). Applicants may be disapproved if landlord references, credit report, or court records indicate, but not limited to, any of the following:

• Failure to pay rent, damages or other sums when due
• Repeated late payment of rent
• Disturbances, loud noise, fighting, physical violence and/or threats of physical violence against persons and/or property, drug related activity, gang related activity, and/or other conduct, which violates the right of quiet enjoyment by applicant, occupants, household members, guests, visitors or invitees
• Allowing unauthorized persons to live/stay in the unit in violation of the lease
• Poor housekeeping habits or unauthorized pets
• Lease termination by the landlord; request to move by landlord; eviction actions or proceedings filed on the applicant(s); and/or non-renewal of lease for non-payment of rent, damages or other sums due, substantial or material violation of lease agreement, material non-compliance of the lease agreement, other good cause or for a violation of a lease
• Damages to the current or previous place of residence, common areas, or other units beyond normal wear and tear
• Lease violations or unwillingness or inability to abide by lease provisions and/or house rules
• Eviction within the last five (5) years from the date of the application

Credit*

A complete investigation of credit history of each applicant will be made and will require a satisfactory rating.

• Cannot have any recent re-possessions
• Applicants with open Chapter 13 bankruptcies will be declined. Applicants with evidence of Bankruptcy(s) in the last 7 years are subject to manager approval

The applicant(s) credit history must show the ability to pay rent on time. The applicant(s) may be disapproved if an applicant(s) credit report, landlord references, or court records show that the applicant or the co-applicant(s), if any, owe outstanding collections, judgments or contain evidence that a debt or sum of money is owed to any of the following:

• Current or prior landlord
• Utility provider
• A provider of telephone, cable, gas, or other service generally provided to a residence

A security deposit is required upon move-in. Deposits are refundable upon move-out, less any charges assessed for damage to the property and any unpaid balance owed at the time of move-out. Deposits may not be applied to first month's rent or towards rent at any time during the residency.

Deposits can be made in the form of money order, certified funds or cashier's check.

Security Deposit Requirements (If Approved)

• FICO scores below 590 = 2 month deposit
• FICO scores 590-640 = 1.5 month deposit
• FICO scores above 640 = 1 month deposit

Criminal

We do not accept applicants that have a criminal record. This includes but is not limited to a conviction of or deferred adjudication for:

• Any felony
• Drug or DUI Arrest
• Crimes against people or property
• Spousal abuse
• Crimes involving the manufacture, sale or distribution of controlled or illegal substances
• Crimes involving solicitation of prostitution or prostitution
• Sex crimes

However, it is the sole discretion of the property owner to qualify or disqualify an applicant that has a minor offense on his/her record. Please remember that this policy does not constitute a guarantee or representation that residents or occupants currently residing in a Receptive Property Investments, LLC home have not been convicted of or subject to deferred adjudication for a felony, certain misdemeanors or sex offenses requiring registration under applicable law; there may be residents or occupants that have resided in a Receptive Property Investments, LLC home prior to implementation of this policy; additionally our ability to verify this information is limited to the information made available to us by the resident credit reporting services used.

Pets*

Receptive Property Investments, LLC homes are pet friendly. Common household pets we accept are well behaved, small domesticated dogs, cats, rodents, fish, and certain reptiles. No tenant shall have more than two animals of any species at one time. We require a photo of each pet for our file.

Any negative references from previous landlords regarding pets will be grounds for disqualification. The pet must have never hurt someone. By applying for a property, you certify that your pet has never hurt another person and is not a threat to others.

Approved small pets under 30 pounds are allowed with an upfront $200 pet fee per pet (maximum of two) to be paid in full prior to move-in, an additional $25 of rent per month per pet (maximum of two), and a signed pet agreement. Pet fees are non-refundable.  Renter’s insurance that also covers the liability of your pet is required.

The following domesticated animals may be allowed with approval:

• Domesticated Cat
• Domesticated Dog, under 30 pounds
• Small rodents kept in cages (gerbil, hamster, guinea pig, etc.)
• Small reptiles kept in cages (turtles, lizards, geckos, etc.)
• Small fish bowls are okay, but no water tanks over 10 gallons
• No snakes, no spiders, no insects, and no birds

Any dog over 30 pounds will need to be interviewed to insure they are trained and well behaved. A big dog interview is $25, without any guarantee that they will be accepted. If a big dog is approved, there is upfront $500 pet fee to be paid in full prior to move-in plus an additional $50 per month in rent. Only one big dog will be allowable, if approved.

We do not allow certain dog breeds (This list is non-negotiable and subject to change):

 

Smoking

 

Smoking is not allowed inside any of our properties.

Exceptions

At the property owner's sole discretion the requirements followed by (*) may be waived if the prospective tenant pays a significantly higher security deposit and/or a special situation exists regarding a requirement that is not met. The amount and/or final determination will be made by the owner and will depend on each individual situation.

Procedures for Notifying Applicant(s) of Approval or Disapproval

Applicant(s) shall be disapproved if we are unable to verify income, rental, credit, or criminal history. False, incomplete, or misleading statements or omissions on the application(s) will result in disapproval of the rental applications(s). Falsifying information to obtain property or credit is a Class A misdemeanor. In the event that an applicant falsifies his/her paperwork, applicant will forfeit all deposits and fees paid.

We will notify you by email or phone listed in your application whether you’ve been approved within seven (7) days after we have received a completed application. Your application will be considered "disapproved" if we fail to notify you of your approval within seven (7) days after we have received a completed application. You must not assume approval until you have received actual notice of approval.

The first Applicant who: 1) meets all the requirements above, 2) agrees to the deposit and rental terms within two business days of notification, 3) provides the appropriate deposit, plus applicable pet deposit, plus first month's rent, all paid in electronically (online), money order, or cashier’s check within 2 days of agreement, and 4) signs the lease agreement will be accepted as the Renter. Upon move-in, Renter will sign the one blank Inventory and Condition form and have 3 days to complete, sign and return a second Inventory and Condition Form to Lessor. If the second form is not returned within 3 days, the first signed blank form will go into the Renter file. Renter pays for any maintenance and/or damage to the property cause by the tenant, tenant's guests or invitees, family, or occupants whether intentional or accidental. Refundable deposit(s) will be refunded at the end of the lease, minus expenses for damaged or missing items. Early termination of the lease may cause loss of deposit(s).