Tenants

Information/Leasing Criteria for current or potential tenants.

Before Applying

Once submitted, application fees are non-refundable.

Upon approval of an application, leases will be executed by the tenant and security deposit will be provided.  Pro-rated rent may be paid up to the day of the start of the lease but before keys/possession is provided.

True Valor Realty is committed to equal/fair housing and does not discriminate against any protected class.

Each individual over 18 years of age residing in the home most complete an application and pay an application fee.

Approval may be considered based on credit score, credit history, debt to income ratio, criminal history, rental/mortgage history, employment history, income verification, and pet history.

Many of the requirements are property and landlord specific, so please contact the appropriate property manager for more details.

Applications are done through rentredi and a minimum $50 application fee will be charged (fees are different for each property).

Income

Tenants must provide proof of monthly gross income three times (3x) the monthly rent amount.

Employment History

We require verifiable employment history for at least the past three (2) years. If you are self-employed, retired, or not employed, please provide signed tax returns (2 years minimum), W-2's, bank statements, paycheck stubs, etc. that provide proof of applicant’s ability to pay the rent. If military, we need a current copy of your LE

Residency

We require verifiable residence history for at least three (2) years whether you currently own or rent.

Credit History

We will obtain a copy of your credit report. You cannot provide this to us, we will obtain this ourselves.

Criminal History/Sex Offender/Terrorism

We will check for inclusion in these databases.

Occupancy

The total number of tenants and occupants may not exceed two (2) persons per bedroom.

Animals

Animal policies and deposits vary from home to home so please contact us to determine the animal policy for this home. Most homes are limited to the number and size of animals. None of our homes permit dog types that may have violent tendencies, including but not limited to: Pit Bulls, Staffordshire Terriers, Dobermans, Rottweilers, Chows, German Shepherds or any similar breed or mixed breed.

Applicant Denial

Applicants will be denied for the following or similar reasons: False, inaccurate, or incomplete applications; low credit scores, unresolved evictions, judgments related to rental residency, tax liens, unpaid child support; current bankruptcy proceedings; felony convictions and out of prison or jail less than 5 years, multiple felonies, physical or violent crimes, domestic violence, sex offenses; and/or appearance on any sexual offense or terrorist database

Possible Applicant Denial

Applicants may be denied or required to pay additional deposit or rent for the following or similar reasons: insufficient verifiable income, too high debt to income ratio, excessive late or NSF rent payments, broken leases, unresolved property damages, unpaid rent, mortgage not current, foreclosures, low credit scores or no credit score, excessive credit collection balances, slow pays, drug related offenses, etc.

Acceptance/Move-In

1) Acceptance Window: We can normally verify and make an acceptance decision within two (2) business days of receipt PROVIDED ALL DOCUMENTATION IS RECEIVED beforehand and VERIFICATIONS CAN BE COMPLETED. 


2) Security Deposit: Once an application has been accepted, the Applicant has until 5:00 P.M. the following BUSINESS dayafter approval to deliver the Security Deposit to our office or property manager in the form of a cashier check, money order, or personal check. The security deposit may also be paid online through RentRedi as well at the determination of the property manager.


3) Lease Signing: Unless otherwise agreed upon, we will prepare and send to Applicant a digital lease that the tenant can review and sign electronically. Applicants are highly encouraged to READ THE LEASE before signing, as there are many responsibilities that you are agreeing to perform and live under in this lease. Once signed the lease will be routed back to us for execution. Please be aware that we will not execute any lease until the Security Deposit is received. 


4) Keys: Because of federal privacy and identity theft laws, each Applicant will be REQUIRED to provide copies of positive identification (at least one with a photo) such as Driver's License, License to Carry Handgun, Passport, Visa, etc. This also means that at least one of the named tenants on the lease MUST meet with the property manager to be verified in person before we are allowed to turn over keys.

Risk Fees, etc

If applicants do not meet the minimum requirements provided for each property, at the discretion of the landlord and property manager, the application may be accepted however additional risk fees (non-refundable) and/or deposits may be required.  Other fees may be assessed for items such as HOA fees - again this is property and owner specific.

Renter's Insurance

Tenants are required to carry a minimum of $300,000 tenant/renters insurance policy.