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Tenant Selection Criteria

LEASING CRITERIA

In order to best serve you, we feel it is imperative that you are made aware of, and fully understand our application policies and procedures. Please read this document carefully before signing.

Please submit Valid Drivers License or other photo ID for each application, two months of income verification such as pay stub, tax info, and pictures of pets (If applicable)

INCOME VERIFICATION

1. Income should be at least three times the rent in gross monthly income and verifiable from an unbiased source such as: applicant’s pay stub, tax forms including W2 or 1099, or a job offer letter submitted on company letterhead and signed by applicant accepting the position.

A. Applicants must provide contact information for the HR Department, the name of their department head or direct supervisor, and the main business telephone number.

B. Applicant's employment history should reflect at a minimum of 6 months with your current employer. Transfers or relocations must have correspondence showing an accepted job offer. Any verification fees required by the employer must be paid by the applicant.

C. Self-employed individuals must provide verification of income through one of the following, a CPA prepared financial statement or a copy of your current and previous year's tax returns filed with IRS and two most recent bank statements.

2. Married couples may combine incomes.

3. Section 8 vouchers and certificates will not be accepted.


RENTAL HISTORY

1. Applicants are responsible for providing information including the names, addresses and phone numbers, of Landlords with dates of tenancy for the previous 2 years.

2. Mortgage payment history will be considered if you owned rather than rented your residence during the previous 2 years.

3. No forcible detainers (evictions).

4. No history of any damage to previous residences or an outstanding balance due to previous Landlords. 


CREDIT REQUIREMENTS

The Morstatter Team works with all applicants on a case by case basis with regard to credit.

1. A minimum credit score of 600 will be considered for processing. Scores below 600 may be considered with the understanding that an additional security deposit may be required.

2. Any outstanding debt to a prior landlord may result in the denial of your application.

3. Past due child support will result in denial of your application.

4. Credit history must show that the resident has paid bills on time and does not have a history of debt write- offs or accounts that have gone into collections. Residency may be denied due to poor credit history.

CRIMINAL BACKGROUND CHECK

We will check local and national criminal databases for all occupants 18 years of age and older. We do not rent to any person required to register as a sex offender. Criminal backgrounds involving violent crimes, prostitution, domestic violence and/or involving the possession of weapons or illegal substances are all grounds for denial of an application. An exception may be for type and or age of offense, please provide details to your Application and Leasing Coordinator. Failure to disclose any criminal history may be grounds for denial of an application.

Rental Criteria For Pets

Policies on domestic pets vary from property to property. Certain owners do not permit any pets while other owners may permit only a specific pet type. Please refer to the MLS listing for the home for which you are applying. If multiple pets are allowed most owners allow a maximum of two pets per property.
The following guidelines apply:
1. No puppies allowed. Dogs must be 24 months of age or older.
2. No Cats
3. Dogs must be neutered/spayed.
4. All pets must be licensed and current on vaccinations. (Vaccinations records must be submitted along with photos of pets at time of application.)
5. No aggressive or mixed aggressive breed dogs will be accepted.
6. No aquariums larger than 10 gallons allowed.
7. No ferrets, reptiles or rodents of any kind are permitted as pets.
8. All birds must be confined in cages and not allowed to reside outside their cage.
9. A refundable pet deposit is required for each pet.

UPON APPROVAL

The applicant will be notified by phone, email or both.
After the application, has been approved, applicant has 48 hours to submit deposits and sign lease to secure the property and take it off the market.

If the lease is not signed within the allotted time The Morstatter Team will withdraw the approval and will process the next application received or consider any other approved applications.


PROPERTY CONDITION
The applicant is strongly encouraged to view the property prior to signing any lease. Landlord makes no express or implied warranties as to the Property's condition. If the applicant does not view the property prior to signing the lease they will be required to sign a Sight Unseen Addendum. Please keep in mind any cosmetic issues do not have to be addressed by the landlord.

Rental Insurance is required.


The Morstatter Team is an Equal Opportunity Housing Company.
Our staff members adhere to a strict Code of Ethics, and to the Federal Fair Housing Law.