Rental Application and Credit Check

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Rental Application and Credit Check document sample

Document Sample
scope of work template
							                                                    500 N. Higgins #208 Missoula, MT 59802
                                                    PO Box 8975 Missoula, MT 59807
                                                    Phone (406) 549-3929 Fax (406) 829-6644
                                                    Website www.rentspm.com

                           SPM RENTING POLICIES & PROCEDURES
Summit Property Management, LLC. utilizes a consistent thorough screening process of all applicants for
tenancy based on a set of objective criteria listed below. Each person who intends to reside in the subject
Dwelling Unit must submit a separate Rental Application, regardless of familial/marital status or relationship
to any other applicant for tenancy.
There is a $25.00 non-refundable fee per application and an additional $10.00 fee per Co-signer required.
In order for an Applicant to be considered for tenancy, the Applicant must meet the following minimum
requirements.
Dwelling Units are rented to the first approved applicant with the full security deposit paid. A security deposit
will not be accepted until the Rental Application is approved. If your application is approved and your move-in
date is not immediate, a security deposit and first month’s rent will be collected in advance. If you require a
reasonable accommodation or modification, please ask for assistance. Incomplete or falsified applications may
be rejected without further notice.
THE SECURITY DEPOSIT AND FIRST MONTHS RENT MUST BE PAID IN TWO SEPARATE PAYMENTS
BY CASHIER’S CHECK OR MONEY ORDER. CREDIT CARDS ARE ALSO ACCEPTED WITH AN
ADDITIONAL 3.5% CHARGE.
1. RENTAL APPLICATION CRITERIA & CHECK LIST
      Please initial next to each completed item. Incomplete applications will not be accepted.

________ Read and complete every page of the application entirely, supply all correct phone #’s, names and
         addresses requested and sign where noted. Applicant accepts the sole responsibility for providing a
         complete application and for ensuring responsiveness on the part of applicant’s references. SPM
         consistently processes applications in the order they are received, however, SPM accepts no
         responsibility for incomplete applications or slow response time by applicant's references which
         could result in missing the opportunity to secure the desired rental.
________ Pay the $25 Non-refundable Application Fee per applicant. (Pay the $10 Non-refundable Co-signer
         fee if applicable.)
________ At least two (2) years of rental history or Home ownership is required. SPM will make a reasonable
         attempt to contact previous landlord(s) and/or mortgage holder(s) submitted by Applicant; however,
         the ultimate responsibility for supplying this information lies with the Applicant.
________ Household income of at least three (3) times the rental amount.

________ Verifiable Good Credit. Credit reports will be checked by SPM with a national credit bureau.

________ No felonies or crimes of a violent or sexual nature.

________ Include a copy of your most recent months checking and savings bank statements which shows the
         names on the account, the full account number and the balance.
________ Include verification of income: i.e. copy of the most recent months pay stubs or Trust Fund, SSI,
         Financial Aid etc...(if self employed: last years tax returns that includes the adjusted gross income)
________ Include a legible copy of your valid Drivers License or government issued picture ID.

________ Include a copy of your valid Vehicle Registration.

*Summit is happy to offer you reduced cost cable, internet and gym membership. Are you interested? Yes / No


Applicant Name: ___________________________Applicant Signature_____________________________

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                                                    500 N. Higgins #208 Missoula, MT 59802
                                                    PO Box 8975 Missoula, MT 59807
                                                    Phone (406) 549-3929 Fax (406) 829-6644
                                                    Website www.rentspm.com


                                 RENTAL APPLICATION
                                 Equal Housing Opportunity
                                      Please complete this application fully.
                                 $25 Non-Refundable Application Processing Fee.

Date:_________________________

The undersigned hereby makes an application to rent the residential unit located at:

_________________________________________________________________________________________

Anticipated move in date of ________________________at a monthly rent of $________________________

and security deposit of $____________________________.

I have physically viewed the interior of this property. YES/NO

1. PLEASE TELL US ABOUT YOURSELF:

Full Name________________________________________________________________________________

Cell ______________________________________Home _________________________________________

Date of Birth_______________________________ Social Security #________________________________

Email Address:______________________________________ Fax _________________________________

Your Driver's License Number_______________________________________ State____________________

Vehicle Information: Make / Model ______________________________________Year _________________

Names of Dependents_______________________________________________________________________

Dependents Date of Birth____________________________________________________________________

List All Pets_______________________________________________________________________________

Other Applicants Names ______________________________ Name _________________________________

Name______________________________________________ Name ________________________________

PERSONAL REFERENCE OR EMERGENCY CONTACT:

Full Name ________________________________________________________________________________

Address __________________________________________________________________________________

Phone _________________________________ Relationship________________________________________
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2. PLEASE GIVE RESIDENTIAL HISTORY: (University Housing Applicable)

Current Address__________________________________________________________Apt#____________

City_________________________________________ State__________________ Zip__________________

Month/Year Moved In _________________________ Month/Year Moved Out ________________________

Rent: $________________________________________ Deposit: $__________________________________

Reasons for Leaving________________________________________________________________________

Owner/Agent_________________________________________ Phone ______________________________

Relationship to Owner/Agent: ________________________________________________________________


Previous Address__________________________________________________________Apt#____________

City_________________________________________ State__________________ Zip__________________

Month/Year Moved In _________________________ Month/Year Moved Out ________________________

Rent: $________________________________________ Deposit: $__________________________________

Reasons for Leaving________________________________________________________________________

Owner/Agent_________________________________________ Phone ______________________________

Relationship to Owner/Agent: ________________________________________________________________



Previous Address__________________________________________________________Apt#____________

City_________________________________________ State__________________ Zip__________________

Month/Year Moved In _________________________ Month/Year Moved Out ________________________

Rent: $________________________________________ Deposit: $__________________________________

Reasons for Leaving________________________________________________________________________

Owner/Agent_________________________________________ Phone ______________________________

Relationship to Owner/Agent: ________________________________________________________________


                          AUTHORIZATION / RELEASE OF INFORMATION
 I agree to permit an investigation of my credit, tenant history, banking and employment for the purposes of
                        renting an apartment with Summit Property Management, LLC.
                                              Please sign below.




Applicant Name: _____________________________Applicant Signature__________________________________

                                                                                                               3
3. PLEASE PROVIDE YOUR EMPLOYMENT INFORMATION:

Please Circle Your Status: Full Time        -    Part Time (# of hours?) ______        -    Student      - Unemployed

Employer_________________________________________________________________________________

Date Hired__________________________ Employed as___________________________________________

Hourly Wage/Salary________________________________________________________________________

Supervisor’s Full Name____________________________________ Phone____________________________

If employed by above less than 12 months, give name & phone of previous employer or school:

_________________________________________________________________________________________


ADDITIONAL INCOME:

If you have other sources of income that you would like us to consider, please list income, source, and person
(banker, employer, etc.) who we may contact for confirmation. You do not have to reveal alimony, child
support, or spouse's annual income unless you want us to consider it in this application.

Monthly Amount $____________________ Source_______________________________________________

Contact Name:____________________________________________ Phone ___________________________

4 & 5. PLEASE DESCRIBE YOUR CREDIT/BACKGROUND HISTORY:

Have you declared bankruptcy in the past seven (7) years?           Yes / No

Have you ever been evicted or had eviction proceeding brought against you?              Yes / No

Have you ever been convicted of or charged with a crime, violent or sexual in nature, or any felony?
Yes / No

If yes to any of the above, please explain________________________________________________________
_________________________________________________________________________________________

ADDITIONAL INFORMATION:

Please give any additional information that might help owner/management evaluate this application?
_____________________________________________________________________________________________
_____________________________________________________________________________________________

DISCLOSURE AND AUTHORIZATION
I hereby apply to lease the above described premises for the term and upon the conditions above set forth and agree that
the rental is to be payable the first day of each month in advance. It is understood and agreed that upon tendering security
deposit, tenant will take occupancy and rent payments will begin on the first day that the unit is made available by
landlord to tenant in the terms and conditions of the standard SPM lease. A copy of the SPM lease is available upon
request. Tenant agrees to pay a $50 move in processing fee (per new lease) prior to occupancy.
The undersigned Applicant has read and understands this application in its entirety.
The undersigned Applicant declares that the information contained in this Rental Application is true, complete and correct,
and understands and agrees that any false statements or representations identified herein may result in rejection, without
further notice, of this and any future applications for tenancy or of any leases subsequently signed based on falsified
information in housing managed by Summit Property Management, LLC.



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             The undersigned specifically authorizes and directs any and all persons or entities named by Applicant herein to receive,
             provide, and exchange with Summit Property Management, LLC. it’s principals, agents and employees, any information
             pertaining to me, including but not limited to confidential information pertaining to my credit and payment history, the
             opinions and recommendations of my personal and employment references, my rental history, my criminal history, my
             driving record, my military background, my civil listings, my educational background, and any professional licenses. All
             applications and application materials provided by applicant to SPM shall become property of SPM and will not be
             returned to applicant. Summit Property Management ensures that all information provided by applicants and co-applicants
             is strictly confidential and all information provided by applicants is kept secure by SPM.

             __________________________________________________________________________________
             Full Name (please print)

             _______________________________________________________                  _________________________
             Signature                                                                Date
 For office use only
     Qualifying Criteria                        Conditionally Qualified               Condition to          Not Qualified                            Approved
                                                                                      approve                                                        / Denied
1.   Complete Application & Fee Paid:                                                                       Incomplete or falsified
                                                                                                            application or application fee not
                                                                                                            paid in full.
2a   Rental History:                            Less than 2 years good verifiable     Cosigner              Poor Rental History/ Prior
     2 years good verifiable rental history.    rental history.                                             Landlord would not rent again.
2b   Rent Payment History:                      1 or 2 late payments in 1 year that   Cosigner or           3 or more late payments in 1 year
     No payments 5 or more days late.           were 5 or more days late.             Double Deposit        that were 5 or more days late.
2c   Lease Violations:                          One Lease Violation.                  Double Deposit        a. More than 1 Violation for
     No Lease Violations.                                                                                   Unauthorized Pet or Tenant or for
                                                                                                            Smoking.
                                                                                                            b. 3 Violations of any type during
                                                                                                            one lease term.
                                                                                                            c. Hostility toward landlord.
2d    Monetary Damages: Less than $500          Security deposit deductions of        Cosigner or           Unpaid balance owed to landlord
     from security deposit & No unpaid          $500 or more (no unpaid balances      Double Deposit
     balances to landlords.                     to landlord)
2e    Eviction: No past or current Eviction                                                                 Past or current eviction
2f   Home Owner: Mortgage in good               a. Less than 60 days delinquent       a. Double Deposit
     standing                                   on mortgage
                                                b. More than 60 days delinquent       b. Cosigner AND
                                                or foreclosure                        Double deposit
3.   Household Income: of at least 3 times      a. Household income less than 3       a. Cosigner
     the rental amount.                         times rental amount.
                                                b. Liquid assets equal or greater     b. Double Deposit
                                                than 1 year of rent.
4a   Credit Score: of at least 650              a. Credit score of 649 – 550 or No    a. Cosigner or        Credit score below 550 as a result
                                                Credit                                Double Deposit        of outstanding balance greater
                                                b. Credit score below 549             b. Cosigner AND       than $500.00 or any delinquency
                                                                                      Double Deposit        of 90 days or more
4b   No Bankruptcy: in the past 7 years         Bankruptcy within past 7 years        Cosigner AND
                                                                                      Double Deposit
4c   Personal Finances: no bounced               One bounced check or overdraft       Cosigner or            More than 1 bounced check or
     checks or overdrafts                                                             Double Deposit         overdraft on more than 1 date
5.   Criminal History: No conviction of a                                                                    Conviction of a violent or sexual
     violent or sexual crime or any felony.                                                                  crime or any felony
6.   Supporting Documentation: Provide:
     a. Most recent checking and savings         a. No bank account                    a. Cosigner
     bank account statements with full
     account number printed.                     b. Not employed                       b. Cosigner
     b. Most recent full months pay stub, or
     if self employed, most recent tax return c. No car                                c. 2nd form of ID
     c. Valid vehicle registration.                                                    (costco, student      d. No government issued ID
     d. Legible copy of government issued                                              etc)
     ID.
               * Applicants conditionally qualified because of credit score & another category will need both a Cosigner and double deposit.
             Tenant Credit score:____________________________ SOWS______________________________


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