The cost of the application is $125, all adults over the age of 18 intending to live in the property must submit a separate application.
What do you check when you process the application?
We run credit reports, public records, civil and criminal records verification through Rentvine. We personally verify your rental history and employment.
When do you process applications?
We process applications daily.
What are your rental qualifications?
A) Income. Your monthly income must be at least two times the monthly rent. If you are unemployed, you must provide proof of a source of income. Only documented income will be considered as valid.
B) Rental History. You must have satisfactory rental references for the last 5 years at a minimum unless you were a homeowner. We do not include rental history from family or if you were a roommate but not on a lease. If you have been evicted in the last 7 years or have an open collection from a landlord or property management company, this is an automatic denial.
C) Credit History. Your credit history must not show habitual credit abuse or unpaid collections to utility companies.
D) Exceptions. If you do not meet one or more of the above criteria you may be able to qualify for the property with the owner’s permission and based on one or both of the following conditions:
Scoring Criteria: We use a propriety scoring method which assigns positive or negative points based upon factors such as your length of employment, rent-to- income ratio, credit report including your FICO score, criminal history, eviction history and tenant history.
If your FICO score is below 600, you may still be approved with the owner’s permission. However, the terms may include higher rent, a larger security deposit, and a monthly credit contingency fee.
I filled out the application online, where do I send my pay stubs and copy of driver’s license and social security card?
You’ll be prompted to submit that information during the application process. If you need assistance, we will gladly help you through Leasing@AvalonOaktree.com
How long does it take to process an application?
72 hours
If I get denied, do I get my money back?
If you are denied because you do not meet the criteria, your application fee is not reimbursed.
How do I know if I have been approved?
Someone from our staff will contact you regarding the decision.
What happens if more than one person applies for the same home?
If we receive multiple applications, we will fully process the first application to an approval or denial decision before moving on to the next application in line. Only if the prior application is denied, cancelled or withdrawn, we will begin processing the next application.
How long will you hold a property?
2 weeks but you must sign your lease and pay all deposits within 2 business days.
Do you take pets? If so, are there any additional costs?
We are a pet-friendly company and no breeds are restricted on a company level. However, every homeowner has the right to decide if they will accept pets or not. We have an upfront pet registration fee and a monthly pet accomodation fee. Of course there is no deposit or fee for service animals.
I filled out an application, but you already accepted an applicant. Do I get my money back?
Yes, we would reimburse the application fee to you if we had already accepted an application from somebody else.
I have a copy of my credit report, can you use this one?
We’re not able to use credit reports provided by applicants. To ensure accuracy and verify that the information is current and legitimate, we must run a new credit report as part of our screening process.
