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RESIDENT SELECTION CRITERIA & LEASING PROCEDURES

Our resident selection criteria and lease procedures are designed to ensure a smooth and transparent rental process. We evaluate applicants based on factors such as income, credit history, and rental references to ensure a great fit for both the tenant and property. Review our guidelines to better understand the steps involved, from application submission to lease signing.

Resident Selection Criteria

INCOMPLETE APPLICATIONS WILL NOT BE PROCESSED

APPLICATION FEES ARE NON-REFUNDABLE

FAIR HOUSING

At Allegiant Management Group, we are committed to providing an inclusive and welcoming environment for all individuals. We adhere strictly to the principles of the Fair Housing Act, ensuring that everyone has equal access to housing opportunities without discrimination.

Our Commitment to Fair Housing:

LEASING PROCEDURES

RESIDENT SELECTION CRITERIA

  1. All Adult applicants 18 and older must submit a fully completed, dated, and signed residency application and fee. The applicant must provide proof of identity. A Non-refundable application fee will be required for all adult applicants. The applicant may be required to be approved by a condo/homeowner's association and may have to pay an additional application fee or additional security or damage deposit.
  2. Applicants must have a combined household gross income of at least three times the monthly rent. We reserve the right to require a co-signer. A minimum of three (3) years of residential rental history is required.
  3. Credit history and/or Civil Court Records must not contain slow pays, judgments, eviction filing, collections, liens, or bankruptcy within the past 5 years.
  4. Self-employed applicants may be required to produce upon request 2 years of tax returns, 1099s, and/or bank statements. Non-employed individuals must provide verifiable proof of income.
  5. All sources of other income must be verifiable to qualify for a rental unit.
  6. Criminal records must contain no convictions for felonies within the past 7 years involving the illegal manufacture or distribution of controlled or illegal substances. For other felony convictions, we will conduct individualized assessments that consider mitigating factors, such as facts & circumstances surrounding the criminal conduct, age at the time of the conduct, evidence of good tenancy before and after conduct, nature & severity of the conviction, and the amount of time that has passed since the conviction. Criminal history which indicates that an applicant’s tenancy would constitute a direct threat to the health or safety of other individuals or whose tenancy could result in substantial physical damage to the property of the owner or others may result in rejection of the application.
  7. Previous rental history reports from landlords must reflect timely payment, sufficient notice of intent to vacate, no complaints regarding noise, disturbances, or illegal activities, no unpaid NSF checks, and no damage to the unit or failure to leave the property clean and without damage at time of lease termination.
  8. Credit Scores will be averaged among all applicants for the household to determine the amount of Security Deposit:
    • Avg. Household Credit Score of 625 & up - Deposit equal to one month's rent
    • Avg. Household Credit Score of 550 - 624 - Deposit equal to one and a half month's rent
    • Avg. Household Credit Score of 549 and under - Denial
    • Credit Score of N/A - Considered on a case-by-case basis (If Approved - Deposit equal to two month's rent)
  9. The number of occupants must follow HUD standards/guidelines for the applied unit.
  10. We may require a holding or good faith deposit to be collected to hold a property off the market. In the event, the application is approved, and the applicant fails to enter into a lease, the applicant shall forfeit this Good Faith Deposit. In the event the application is approved, this deposit shall be applied to the required security deposit.
  11. Any exceptions to our company's criteria will need to be submitted in writing to the rental agent for presentation to the landlord for consideration. If approval is then given for such exceptions, additional security, co-signers, and/or additional advance rent payments may be required.
  12. Our company policy is to report all non-compliances with terms of your rental agreement or failure to pay rent, or any amounts owed to the credit bureau and/or a collection agency and if the amount is disputed, it shall be reported as disputed in accordance with the law.
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