APPLY ONLINE NOW VIA TENANTCLOUD! Click Here!
KPG uses your provided income and ID documents to generate a "grade" to qualify for the applicant pool, and includes options for well-qualified, standard qualified, and conditionally qualified applicants.
Well-qualified (A+/A) applicants:
- Earn combined gross income of 4x-5x the monthly rent
- Have a TransUnion ResidentScore of 600-620+
- May qualify for security deposit or rent move-in discounts.
Standard qualified (B) applicants:
- Earn combined gross income of 3x the monthly rent or higher
- Have a TransUnion ResidentScore of 560+
- Pay a standard security deposit equal to one month's rent
Conditionally qualified (C) applicants:
- Earn combined gross income of 2.5x the monthly rent
- Have a TransUnion ResidentScore of 538-559
- Are required to provide a double security deposit or a qualified cosigner/guarantor
Low Conditionally qualified (D) applicants:
- Earn combined gross income of 2x the monthly rent
- Have a TransUnion ResidentScore of 524-537
- Are required to provide a double security deposit AND a qualified cosigner/guarantor
- In place of a qualified cosigner/guarantor, otherwise low conditionally qualified applicants may be given the option to pay both a double deposit and the last month's rent up front.
For more information on qualification grades, please click here.
FREE PRE-SCREENING TO SEE IF YOU QUALIFY before submitting a full application! Just provide:
- Government-issued photo ID (unexpired, ID number, full name and birth date required)
- SSN / ITN number provided (any format)
- Income: Most recent pay stub (if multiple jobs, 1 stub per job)
- 1 month most recent bank statement showing deposits of income
Click Here to Start Your FREE Screener App!
— For self-employed or independent contractors, please either provide tax returns showing income, or contact us for proof of income document options. Cash-only businesses must provide tax returns.
— For income that is not from employment, such as Social Security Income, pension or retirement accounts, or financial aid, provide most recent deposit or distribution statement from the organization providing/managing the account. Deposit/distribution statements are required in addition to your personal bank statements.
— For housing vouchers, provide a PDF copy of the entire award packet. Packets missing pages or vouchers that are expired will not be processed.
FULL APPLICATION AND MOVE IN Requirements for STANDARD QUALIFIED Prospective Tenants:
- PROOF OF IDENTITY (Originals required; no pics/scans/photocopies):
- Both of the following identification documents required for ALL adults living in the unit
- Government-issued photo ID
- Formal SSN/ITN document)
- Both of the following identification documents required for ALL adults living in the unit
- PROOF OF INCOME (Originals required; contact us if format is via PDF):
- 2 months most recent pay stubs/deposit statements from all legal income sources
- 2 months of bank statements showing matching deposits to pay stubs/income source
- Income must be enough to pay monthly rent + utilities, all minimum payments, + standard minimum living expenses (see above for rent to income ratios)
- GOOD CREDIT HISTORY:
- Minimum TransUnion ResidentScore (see above)
- No disqualifying unpaid balances
- Minimum payments + rent/utilities + minimum living expenses covered by income
- PAY APPLICATION FEE:
- Separate $52 fee required for each adult living in the unit
- Paid online via TenantCloud, via Zelle/Chime/Venmo, OR
- Pain in person via cashier's check/money order made out to Kelly Property Group
- PASS A FULL CRIMINAL BACKGROUND & CREDIT CHECK:
- Full credit score packages ordered across all agencies for complete account balances
- No disqualifying criminal convictions on national, state or local criminal background checks
- No undisclosed evictions or outstanding balances to other property owners/property managers
- EMPLOYMENT VERIFICATION & RESIDENTIAL HISTORY
- Employer verification of income provided via acceptable channels
- No disqualifying remarks from previous residences
- MOVE IN FUNDS
- Security Deposit (Standard deposit equal to one month's rent; double deposit for conditionally qualified)
- First month's rent (full amount paid upfront; prorated and credit applied to 2nd month) paid via cashier's check/money order
* Kelly Property Group has alternative lease options for those with "borderline" rent-to-income ratios and credit scores (conditionally qualified and low conditionally qualified). These options include:
- Co-signer/Guarantor
- Additional security deposit
- Pre-payment of last month's rent
Contact us for details!