Rental Qualification Guidelines

H&H Property Management & Investment LLC

The purpose of this document is to inform applicants of the standards they must meet to rent a residential unit from H&H. These standards are applied to every applicant without exception, and H&H staff may not make any exceptions to the standards. All applicants will be treated equally and the standards will be applied consistently.

If you do not meet one or more of the standards listed below your application may be rejected. Your application may also be rejected if you provide incomplete or inaccurate information. Your application fee is not refundable. Your signature below indicates that you have read and understand these guidelines.

Income

The income of the lease signer(s) must be equal to or exceed three (3) times the monthly rent of the unit for which application is being made. In the case of Tax Credit properties the income can not be over the max allowed income per household.

Employment

The lease signer(s) must verify they have been working for their current employer(s) for at least six (6) months and must provide copies of the two most recent paycheck stubs. The following alternative sources of permanent income are acceptable if verified: employer pensions, government entitlements (Social Security, disability, etc.), court-mandated payments (e.g., child support).

Credit

All current accounts must be in good standing. Undischarged bankruptcies will result in a denial of an application. Multiple delinquent accounts or judgments in the past three (3) years may also be cause for denial of an application.

Rental History

Lease signer(s) must have six (6) months of verifiable rental history (or mortgage history), no evictions in the past two (2) years, and no outstanding debts to landlords. Landlord references must be provided.

Conditional Approval

If an applicant fails to meet any of the foregoing standards we may choose to approve the application contingent upon either (1) payment of a double security deposit or (2) the addition of a lease guarantor to the lease. Note: a lease guarantor must complete an application, pay an application fee, and have an income equal to at least six times the monthly rent for the unit desired.

Criminal History

Convictions for any of the following may result in the denial of an application: sexual crimes; crimes of violence; theft, vandalism, or other property crimes; drug-related crimes.

Other Requirements

• The application form must be completed in detail and signed by the applicant(s) and the application fee must be paid before an application will be processed.
• Anyone 18 years of age or older who will be a resident must pay an application fee, undergo a credit and criminal background check, and be a signer on the lease. Occupants under 18 will not be lease signers but must be listed as occupants on the lease.
• Each applicant 18 years of age and older must present a government-issued photo identification. U. S. citizenship is not required but proof of legal residence is required.