Minimum Standards for Rental Applicant
We will be unable to approve an application for any one the following reason(s):
A credit report showing over five 30, 60, or 90-day late payments within the last 12 months OR FICO credit score below 500.
Credit report shows at least one eviction or collection from a former landlord.
Applicant does not have sufficient prior rental history (at least 2 good landlord references) or employment history (pay stubs for current employment for 12 months or the prior employment if this is transfer).
Applicant can not show a documented income of at least 3 times the rent.
If applicant is turned down for any of the above reasons, our policy may still allow us to rent to him/her if he/she can either (1) provide a co-signor who has acceptable credit and who owns real estate in the state of Tennessee or (2) pay an additional month’s rent in advance and maintain 60-days paid in advance at all times (this may vary depending on the severity of the credit history /eviction history).
If one of the following is true, we will not be able to rent to the applicant under any circumstances:
Criminal history that exceeded our acceptable minimums (felony conviction within the last 5 years OR any sex crime conviction).
Any item on the application was falsified.
We will return applicant’s deposit within five business days if rejected.
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