We will be unable to approve an application for any one of 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).
- Applicants must be able to provide documented proof of monthly income at least 3 times the monthly rent.
If an applicant is turned down for any of the above reasons, our policy may still allow us to rent to them if they 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 intentionally falsified.