APPLICATION CRITERIA

Kim Finch Real Estate Rental Expense Disclosure

This Rental Disclosure is given in pursuant to Utah law. This is not a contract; it is not legally binding as to the amounts or terms. The final rental agreement is the binding document. The information contained herein is valid as of the date above.  Rental amounts may fluctuate based upon availability and market conditions.

Rental Information:

  • Please see the advertisement for rent and deposit amounts. 
  • Please see advertisement for which utilities are included in rent. 
  • Rent is due on the 1st and late on the 6th of the month. Late fees are 10% of rent.
  • The rental agreement will contain fees, fines, and costs related to the breaches of the lease or actions taken (or not taken). These may include but are not limited to late fees, service notice fees, eviction fees, tenant change fees, re-key fees, violation fines, and costs for damages, etc.
  • HOA FEES ARE INCLUDED IN THE RENT, if applicable.
  • If move in is not on the first of the month, rent will be pro-rated so tenant only pays for days in the home.

Required Additional Fees:

  • Resident Benefit Package (pest control, credit building, identity theft protection, and resident rewards) is required and is $39 per month
  • The resident portal charges a fee to pay rent. The fee starts at $2.49 per month for ACH and is higher for other payment options. Kim Finch Real Estate does not mark this up or make money on it. It is the a cost charged by the bank/portal.

Optional Additional Fees:

  • If pets are allowed, there is a $500 refundable Pet Deposit and $50.00 Monthly pet fee, per pet.  Please see advertisement or inquire to see if pets are allowed. 
  • Liability insurance is required in our lease. Tenants may choose any insurance company they wish. If tenants do not provide proof of insurance, liability only insurance will be added to tenant ledger at tenant's cost of $15 per month.
  • ESA animals/Service animals are allowed with proper documentation. Please submit documentation with your application.
  • Other elective services and options may be offered that you are not required to accept. These may include but are not limited to parking, washer/dryer, pets, valets, garbage, and internet/cable. 

Deposit is Refundable except for:

  • Lease initiation fee of 10 percent of rent or $200, whichever is greater
  • Carpet cleaning
  • Damages to home (if applicable)
  • Cleaning fees (if applicable)
  • Unpaid utilities
  • Other damages/missing remotes/keys/etc as per the lease.

RENTAL APPLICANT SCREENING CRITERIA

All persons 18 years of age or older will be required to complete a separate rental application. Each applicant must have a social security number or an individual tax identification number. You must meet the following standards to qualify for a rental unit with Kim Finch Real Estate. Applications are judged on the same standards, one application at a time, on a first come first served basis.

APPLICATION FEE:             $50.00 per adult

SECURITY DEPOSIT:           Equal to one month’s rent (includes non-refundable Lease initiation Fee)

INCOME REQUIREMENTS:     Total combined gross income of all applicants must exceed three (3) times the monthly rent.

CREDIT VERIFICATION: A credit report will be completed on all applicants to verify credit ratings. A FICO score of 630 or above meets our credit criteria. Applicants may be denied for the following reasons: repossession, foreclosure, unpaid tax liens, unpaid creditor judgments, and personal bankruptcy, utility bills sent to collections, or prior eviction.

EMPLOYMENT VERIFICATION: Applicants must have current verifiable employment of six (6) months or more. If changing jobs, a letter offering employment that includes salary and start date will be accepted. Retired or self-employed applicants must provide a financial statement that reflects the income requirements set above. The sample financial statements are either tax returns, bank account statements or annual letter from Social Security, retirement funds, etc. Usually those can be obtained on the websites of these income sources.

RENTAL VERIFICATION: Applicants must have two (2) years rental history from a previous landlord. Applications for residency will be automatically denied for the following reasons:  An outstanding debt to a previous landlord, A breach of a prior lease or a prior court eviction, more than two (2) late rent payments in the previous six (6) months                     

CRIMINAL VERIFICATION: A criminal conviction check will be conducted for each applicant. The application will be denied for any Felony conviction or Conviction that is related to fraud, violent crimes, gang activity, arson, injury to a person, or the manufacture and/or distribution of a controlled substance. Individuals on a sex offender database will not be accepted.

Applicants who are denied for any reason may submit an appeal within 24 hours, which will be determined by Kim Finch Real Estate. We are committed to equal housing opportunities. We do not discriminate against anyone on the basis of race, color, religion, sex, handicap, familial statues, National origin, source of income, sexual orientation or gender identity.

Apply at https://kimfinchrealestate.appfolio.com