APPLICATION CRITERIA

 

Thank you for your interest in our property! We are excited to have you as a potential tenant. To provide a safe and healthy living environment for all tenants, we have certain criteria that must be met to qualify. 

 

Resident Selection is based on the following criteria and required documents: 

 

  • You must provide the 3 most recent pay stubs (minimum of 1 month). If self-employed, a copy of the previous year’s tax return or a 3-months' worth of bank statement. 

  • Income must be or greater than 3x the monthly rent amount. 

  • Government Issued ID (Driver’s license, Passport, Permanent resident card, etc.)  

  • Must pass criminal background check 

  • If you have a rental history, you must provide 6 to 12 months of current rental history and must have a clean history with the past landlord 

  • Will need to provide up-front fees consisting of the following: 

 

  1. Application Fee $50.00 (per adult over 18 years of age). 
  2. First month’s rent (can be prorated depending on the move-in date). 
  3. Security Deposit equal to one month’s rent for a credit score of 619+. For a credit score below that, you must provide a security deposit + last month’s rent or apply with a co-signer. 
  4. Pet Fee (if applicable) $250.00 per pet (non-refundable) with $25.00 per pet, per month fee (max of 2 pets only). 

 

  • Must be at least 18 years or older. Minimum credit score of 540. 

  • Can not have any pending or past evictions or bankruptcies (past 3 years). At the time of move-in you must have utilities under your name. 

  • Renters Insurance is required for the duration of the lease (you may use any insurer). The policy must contain a minimum of $100,000 in liability coverage. Masters of Realty Group, INC must be listed as an additional interested party. The address to be listed is 3331 Rainbow Dr, St E #508 Rainbow City, AL 35906. 

  • A copy of the policy’s declaration page is required for the lease file. 

 

If you believe you can meet these qualifications, we would be happy for you to apply to our leasing office for review. If you have any questions, please contact us.