APPLICATION CRITERIA

Stevens Realty LLC offers deposit-free leases using Obligo billing authorization technology (for qualified tenants). Instead of paying the security deposit all upfront, we can bill you a smaller fee on a monthly basis. For more information please refer to this link https://stevensrentals.com/deposit-free-leases/.

***LEASE TERMS***

1. The advertised rent is for a 12 months lease contract.

2. Leases between 6 to 11 months is also accepted for $100 per month on top of the advertised rent.

3. Leases under 6 months is also accepted for $250 per month on top of the advertised rent.

4. Month-to-month lease is also accepted for $250 per month on top of the advertised rent.

 

 

1. Credit score requirements:

 

    • If employed for at least a year with current employer:600 to 649         - Normal deposit
    • 550 to 599         - Normal deposit plus 50% of rent MITIGATION FEE (non-refundable)
    • 500 to 549         - Normal deposit plus 100% of rent MITIGATION FEE (non-refundable)
    • If employed less than a year with current employer:​650 above          - Normal deposit
    • 600 to 649         - Normal deposit plus 50% of rent MITIGATION FEE (non-refundable)
    • 550 to 599         - Normal deposit plus 100% of rent MITIGATION FEE (non-refundable)
    • 500 to 549         - Normal deposit plus 150% of rent MITIGATION FEE (non-refundable)
  • 499 and below            - Rejected or a Cosigner whose Credit Score is 600 or abov
  • No credit                - Need a Cosigner whose Credit Score is 600 or above

2. We do criminal background and sex offender checks.

3. Any open judgements or landlord balances will be denied.

4. Strictly NO evictions from rental records.

5. Total household income must be at least 2x the rent.

6. Our Pet Policy:

  • List of Restricted Breeds :
  1. Akita
  2. Staffordshire Terrier
  3. American Bulldog
  4. "Wolf Dog"
  5. Great Dane
  6. Husky
  7. Bullterrier
  8. Bullmastiff
  9. Presa Canario
  10. Chow
  11. Pitbull
  12. Doberman
  13. German Sheppard
  14. Rottweiler
  • Here are the requirements for Restricted Breeds:
  1. Mandatory dog interview with the property manager before the pet application is approved.
  2. No history of any biting
  3. Recommend dog insurance policy
  4. Fully complete pet application with vet records and shots.
  • Fees for having restricted breeds:
  1. Pet Fee: $375 (non-refundable)
  2. Pet rent: $45/month for your first pet and $25/month on each succeeding pets
  3. Insurance cost: Tenant will have to contact Xinsurance.com to purchase policy.
  • We do not charge restricted breeds if they're registered as Service Animals / Emotional Support Animals.
  • For NON-Restricted Breeds
  1. We also require a pet fee of $300 for each pet which is non-refundable.
  2. There will be an additional $25/month pet rent for your first pet and $10/month on each succeeding pet maximum of 3.
  3. Weight limit is 90lbs.
  4. Service animals / Emotional Support Animals will be waived of the charges above.
  5. We will conduct 2 pet inspections each year at $75/inspection

7. All properties which has HVAC units require the Utility & Maintenance Reduction Program to be included. This saves you up to 15% on your energy bill and helps ensure a clean, healthy living environment for your family. For a small charge of $12.50 per month we will have HVAC filters regularly delivered to your doorstep so that you can easily replace them without having to remember or find them.

8. Enrollment to Asset Protect Renters Insurance is required with all of Stevens Realty Leases for $14.99 per month and get $100,000 Liability for Covered Damages included along with $10,000 protection for your personal belongings.

9. Pay on time and build your credit with us and Transunion. Most landlords only report negative credit references but here at Stevens we want to reward you for meeting your obligations on time. This is an added benefit/incentive that we are putting in place for paying rents on time, taking care of the property and just being a good tenant. This will also help our residents improve payment history for future home purchases, as well as help our younger tenants in establishing a credit history

 

FAQ's

1. How much is the Application fee?

  • Application fee is $50 per adult which is non-refundable regardless of result.

2. How long does it take for the application to get results?

  • 2-3 business days turn around time if application submitted is complete with verification attached. (please see email after submitting application)

3. If I'm approved, how much do I need to put on a property?

  • $100 lease preparation fee
  • Deposit
  • High-Risk Fee if credit score falls below 600 (please see above credit score requirements)
  • First months rent (pro-rated)
  • $175 Utility Hook-up fee (applicable to some properties only)
  • Pet rent (as detailed above, if there's any)
  • Pet deposit (as detailed above, if there's any)
  • Utility Rent (applicable to some properties only)

4. Can we smoke or vape in the property?

  • Yes, after you agree to the terms and pay a $200 smoking fee.