Rental Criteria

Thank you for your interest in Pebble Point Rental Home as your new home. As you look through the information, you will find the answers to some of the most frequently asked questions about qualifying criteria at Pebble Point Rental Home.

OCCUPANCY STANDARD:

• The maximum occupancy standards are listed below.

AGE REQUIREMENTS:

• Lease holder(s) must be 18 years of age or older.
• All applicants 18 years of age and older are required to fill out an application for approval.

IDENTIFICATION REQUIREMENTS:

• All applicants must provide a valid Social Security Number. Applicants without a social security number are required to submit a Valid Government Issued Photo ID for verification.

INCOME REQUIREMENTS:

• All Lease Holder(s) must have a rent to income ratio of less than 30% to qualify.
• Prior to approval, all employment and income must be verified by opting one of the following:

o   Copies of the last 2 consecutive payroll check stubs

o   Previous year W-2 or 1099

o   I-20 Form (Certificate of Eligibility), Grant and/or Scholarships

o   Proof of court ordered child and/or spousal support payments

o   Proof of social security income or disability

o   Proof of retirement or trust fund income

o   Current offer letter for income/employment verification on company letterhead

o   Statement of Verification on company letterhead

o   Verbal verification by supervisor or HR department

GUARANTORS

• If a guarantor is required, the rent to income ratio must be 17% or less.
• Guarantors must fill out an application and will be subject to application fees, rental/mortgage verification, credit and criminal background checks.
• Guarantors must complete and sign a Guaranty Of Performance Agreement

RESIDENCY:

• Previous 24 month rental history will be reviewed and must exhibit NO derogatory references.
• All debt to an apartment community or landlord must be Paid.
• No evictions are permitted within the last 5 years.

QUALIFIER SCORING MODEL USING CONSUMER CREDIT INFORMATION:

• Debts to Utility Companies (water, gas and electric) must be paid.
• International applicants must present a valid Visa in lieu of credit report.
• If your application is denied or is accepted with conditions, Pebble Point Homes will provide the name, address and phone number of the consumer reporting agency which provided your credit report.

APPLICATION FEE:

• A $25.00 non-refundable fee is required per application.

SECURITY DEPOSIT & FEES:

• A refundable deposit equaling $900.00 is due at the time of an approved application in order to hold a home off the market once it is available.
• A Non-refundable re-decorating fee of $600 is required at move in.

• Dogs and cats are allowed.  You are allowed a maximum of two pets per household.  Each pet will require a one-time, non-refundable $300 pet fee and a monthly pet rent of $20 per pet.  Dogs over 35 pounds have a $400 pet fee and a monthly pet rent of $30.  Breed restrictions apply.