APPLICATION QUALIFICATION GUIDELINES
Qualifying for one of our properties is collectively based on the following:
- Good credit history (based on credit report details and FICO score)
- Total Combined Income must be approximately 3 times the monthly rent
- Verifiable Residency
- No evictions (verified through the Unlawful Detainer Registry)
- Proper notice to vacate at current and previous residence
- No funds owed to prior rental
- Three years of verifiable residency required.
- Once applied you have 1 business day to turn in all necessary supporting documents.
|Low Risk||Five Stars||Stated Deposit|
|Medium to Low Risk||Four Stars||Stated Deposit|
|Medium Risk||Three Stars||Stated Deposit Plus $500|
|Medium to High Risk||Two Stars||Double Stated Deposit|
|High Risk||One Star||Automatic Deny|
The above will give you a general idea of what will be expected for each risk range. Co-signers or extra deposit may vary.
*If an applicant has either insufficient employment or rental history; a co-signer will be required. The co-signer must meet all of the above criteria and complete and application. Acceptance of the Co-signer is subject to approval by the property owner.
CHECKLIST FOR APPLICANTS
Completely fill out the online application or FBS Rental Application as soon as possible. Regarding employment and rental history; do not leave any blanks. Be as detailed as possible to expedite the application process.Do not forget to sign the application. Signature block is on the front page of application.Provide copies of verifiable income. Pay stubs, bank statements, social security statements, and letters from employers, etc.Bring cash or money order made payable to Fjellestad Barrett & Short.
Non-refundable Application Fee is $41.00. An application is required for all occupants over the age of 18
Once approved, you will be notified by phone. In order for us to hold the unit for you and remove it from the rental market, we require a holding deposit within (1) business day of your approval. The holding deposit will be equal to the amount of the security deposit. If you decide to cancel for any reason, you may forfeit all or a portion of your deposit in lieu of market time lost. At the time of receiving the holding deposit, we will coordinate the signing of the lease and the date of transfer of possession with you.
If denied, you will be notified in writing. You will be provided information about obtaining copies of your credit report, as indicated by law.
MOVE-IN FUNDS POLICY
Cash will only be accepted for application fees. Security Deposit and First Month’s rent must be paid in certified funds. Certified Funds are money orders or cashier’s checks. Please make payable to FBS Property Management. You may begin using personal checks after initial move-in funds are received, in accordance with the terms of the lease.
It is also highly suggested that applicants and residents obtain renter’s insurance.
DISCLAIMER NOTE: Each property and property owner’s criteria may vary from these guidelines.