Rental Criteria

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• Rental Criteria

Alpine Property Management does not discriminate based on:  race, color, religion, marital status, national origin, sex, sexual orientation, familial status, disability or source of income.  We comply with all federal, state and local Fair Housing Laws.

I. OCCUPANCY POLICY

1. Occupancy is based on the number of bedrooms in a unit.  (A bedroom is defined as a space within the premises that is used primarily for sleeping, with at least one window and a closet for clothing)
2. Two persons are allowed per bedroom.
3. Exceptions are made for children under age two.  Children under the age of two will be allowed as a third occupant when the child resides with the parent or other adult(s) maintaining proper legal custody.

II. APPLICATION PROCESS

1. Select your rental unit.
2. Complete the application on the designated form.
3. Pay your non-refundable credit/screening fee of $­­­45.  (Cash or money order only will be accepted).
4. Be prepared to wait one-two business days for the information on your application to be verified.
5. Once you have been approved, you will have 48 hours to pay the holding deposit of $500.  This will be applied to your refundable security deposit once you execute the lease agreement (within two weeks of approval). If you fail to enter into a rental agreement, your $500 holding deposit will be forfeited.

III. DISABLED ACCESSIBILITY – Existing premises “may” be modified at the full expense of the disabled person, if the disabled person agrees to restore the premises to the pre-modified condition.  Requirements include:

1. Written approval from the landlord before modifications are made.
2. Written assurances that the work will be performed in a professional manner.
3. Written proposals detailing the extent of the work to be done.
4. Documents identifying the names and qualifications of the contractors to be used.
5. All appropriate building permits and required licenses made available for landlord inspection.
6. A deposit for the restoration may be required.

IV.  GENERAL REQUIREMENTS

1. Positive identification with a picture will be required.
2. A complete and accurate application listing the current and at lease one previous rental reference with phone numbers will be required (incomplete applications will be returned to the applicant).
3. Each applicant will be required to qualify individually (Individuals whose credit is not combined must submit separate applications).
4. Applicants must be able to enter a legal and binding contract.
5. Incomplete, inaccurate or falsified information will be grounds for denial.
6. Any applicant currently using illegal drugs or reporting a conviction for the illegal manufacture or distribution of a controlled substance shall be denied.
7. Any individual who may constitute a direct threat to the health and safety of an individual, the complex, or the property of others, will be denied.

V. INCOME REQUIREMENTS

1. Monthly income should equal 3 times the stated monthly rent.
2. A current paycheck stub from the employer will be required if we are unable to verify income over the phone.
3. Verifiable income will be required for unemployed applicants.  (Verifiable income may mean, but is not limited to:  Bank Accounts, Alimony/Child Support, Trust Accounts, Social Security, Unemployment, Welfare, Grants/Loans)
4. Self employed applicants will be required to show proof of income through copies of the previous year’s tax returns.
5. If monthly income does not equal 3 times the stated monthly rent, a security deposit equal to 1.5 times a full month’s rent, qualified roommate or co-signer will be required. 
6. You will be denied if your source of income cannot be verified.

VI. EMPLOYMENT REQUIREMENTS

1. 1 year of verifiable employment will be required.
2. Self-employed applicants will be verified through the state.  A recorded business name or corporate filing will be sufficient to meet employment requirements.
3. A security deposit equal to 1.5 times a full month’s rent will be required when employment does not meet the requirements.
4. You will be denied if you are unemployed and an alternative source of income cannot be verified.

VII. RENTAL REQUIREMENTS

1. 1 year of verifiable rental history from a current third party landlord is required.  (Rental references ending 12 months prior to the date of application will not be considered current).
2. Home ownership is verified through the county tax assessor.  Mortgage payments must be current. (If you are currently in foreclosure, please call our office to discuss your situation).
3. Home ownership negotiated through a land sales contract is verified through the contract holder.
4. 7 years of eviction free rental history will be required.
5. Rental history demonstrating residency, but not third party rental history, will require a security deposit equal to 1.5 times a full month’s rent.
6. A higher deposit will be required when rental history does not meet third party rental criteria, but residency can be verified with parents, student housing or military housing.
7. Rental housing reflecting past due rent or an outstanding balance will be denied.  (A security deposit equal to 1.5 times a full month’s rent will be accepted when past due rent has been paid and no additional negative information has been documented). 



VIII.  CREDIT REQUIREMENTS

1. Good credit will be required.
2. Outstanding bad debt exceeding $100 on a credit burea (i.e. Slow pay, Collections, Bankrtupcies, Repossessions, Liens, Judgments & Wage Garnishment programs) will require a security deposit equal to 1.5 times a full month’s rent.
3. Bankruptices filed within one year from the date of application will be denied.

IX. CRIMINAL CONVICTION CRITERIA

Upon receipt of the rental applications and screening fee, landlord will conduct a search of public records to determine whether the applicant or any proposed tenant has been convicted of, or pled guilty to or no-contest to, any crime.

a) A conviction, guilty plea or no-contest plea, ever for:  any felony involving serious injury, kidnapping, death, arson, rape, sex crimes and/or child sex crimes, extensive property damage or drug-related offenses (sale, manufacture, delivery or possession with intent to sell), class A/Felony burglary or class A/Felony robbery; or

b) A conviction, guilty plea or no-contest plea, where the date of disposition, release or parole have occurred within the last seven years for:  any other felony charges; or

c) A conviction, guilty please or no-contest plea, where the date of disposition, release or parole have occurred within the last seven years for:  any misdemeanor or gross misdemeanor involving assault, intimidation, sex related, drug related (sale, manufacture, delivery or possession) property damage or weapons charges; or

d) A conviction, guilty plea or no-contest plea, where the date of disposition, release or parole have occurred within the last three years for:  any class B or C misdemeanor in the above categories or any misdemeanors involving criminal trespass I, theft, dishonesty, prostitution

shall be grounds for denial of the rental application.  Pending charges or outstanding warrants for any of the above will result in a suspension of the application process until the charges are resolved.  Upon resolution, if an appropriate unit is still available, the processing of the application will be completed.  No unit will be held awaiting resolution of pending charges.

X. DENIAL POLICY

If your application was denied to negative and adverse information being reported, you may:

1. Contact Background Investigations at (503) 639-6000 to discuss your application.
2. Contact the credit reporting agency to;
   1. Identify who is reporting unfavorable information
   2. Request a correction if the information being reported is incorrect