RESIDENT SELECTION CRITERIA
In Order to Provide Equal Housing Opportunity
Commercial Northwest Property Management will comply with all federal, state, and local fair housing and civil rights laws, and with HUD equal opportunity requirements. There will be No Discrimination because of Race, Color, National Origin, Sex, Familial Status or Disability.
The following procedures will be used to screen prospective residents for all properties managed by Commercial Northwest Property Management.
A. Demonstration of ability to pay rent on time
B. History of being a good resident
C. Housekeeping habits
D. Habits conducive to the safety and well being of the community and residents
E. Review of recent as well as current employment and income
F. Credit history
G. Criminal history
Monthly income shall be at least 2 ½ times the cost of rent.
Verification of income shall be made by:
o Employment verification
o Proof of self-employment shall be made by a tax statement
o Non-employment income shall require written verification (i.e., social security income, retirement income, etc.)
Employment of less than six (6) months may result in denial of application.
All current and previous landlord references will be verified for at least two (2) years.
o Failure to provide correct, verifiable references may result in a denial of application.
o Failure to obtain verifiable references may result in denial of application.
o A minimum of two (2) past rental landlords are required; names and phone numbers must be provided.
o Any reported Eviction Action will likely result in denial of application.
A credit/criminal check will be run through a major national credit-reporting firm.
o A debt-to-income ratio of more than 30% may result in denial of application.
o An outstanding recorded or unrecorded judgment or multiple derogatory comments (must not be discriminatory) or collection accounts may result in denial of application.
o Felony convictions by any household member will result in a denial.
o Head of Household must be eighteen (18) years of age or older, unless they have a court issued emancipation notice declaring them legally emancipated.
Listed below are the eligibility requirements for qualifying for residency:
1. Must meet income guidelines.
2. Must meet employment standards.
2. Must conform to occupancy standards.
Minimum income limits are those in effect at the time of application.
Each application will be processed according to the date and time received, with consideration to those with completed verifications. Applicants will be admitted, placed on a waiting list, or rejected.
Any information that is incomplete, inaccurate, or falsified shall be grounds for denial of this application or subsequent termination of tenancy upon determination of such falsified information.
A bona-fide-co-signer may be required if any of the above qualifications are not met. Co-signers must make a credit application and, if approved, must be party to the rental agreement, as long as one of the original applicants resides in the unit.
Check with Office Staff for co-signer criteria.
I have read, agree and affirm that all of my statements and information provided in this application are true and complete. I acknowledge that false, undisclosed, incomplete or misleading information herein may constitute grounds for rejection of this application, termination of right of occupancy of all residents and occupants under a lease and/or forfeiture of deposits and fees, and may constitute a criminal offense under the laws of this state.
I understand that this application is preliminary only and does not bind you to execute a Lease or to deliver possession of the premises to me. I authorize you to contact any references listed above and to obtain consumer reports, which may include credit, rental payment and/or eviction history and criminal background information about me and in order to verify the above information. I understand that as my prospective landlord, any co-applicants, occupants, or guarantors that may be added to this application may need to consent to and successfully pass consumer background screening reports.
By agreeing, I authorize you to obtain subsequent consumer reports, including credit reports, to ensure that I continue to satisfy the terms of my tenancy, for the collection and recovery of any financial obligations relating to my tenancy, or for any other permissible purpose. Further, if I have included information on co-applicants, other adult household members, and/or guarantors on this application, I affirm that those individuals have knowledge of their inclusion on this application and expressly authorize you to obtain subsequent consumer reports, including credit reports. I understand that you may report all positive and negative rental payment history to consumer reporting agencies who track this information for landlords, mortgage companies and other creditors. I and all occupants or guarantors hereby release from all liability or responsibility all persons and corporations requesting or supplying such information.