Application Criteria
Pursuant to Texas Property Code Section 92.3515, these Tenant Selection Criteria are being provided.
***NOTE: EACH APPLICANT OVER 18 YRS OLD MUST COMPLETE SEPERATE APPLICATION
Normal Landlord’s Selection Criteria:
• Gross Monthly Income must be 3 times the rental amount and verified by 1 (one) month pay check stubs and/or two (2) months bank statements.
• Good two-year VERIFIABLE Employment History verified by current/past employer.
• Good two-year Rental History VERIFIED by current/past landlord.
• Good Rental Credit Score (no lower than 640) verified by TransUnion SmartMove® (rental credit score), (some exceptions per landlord requirements) (Lower Scores and Credit Issues Approval May Require Additional Deposit and Reserve Rental Payments)
• Criminal History Report accessed and verified by Allsource Property Management™ via TransUnion SmartMove®.
• Proof of Current Renter’s Insurance, with Allsource Property Management™ as "Additional Interest" must be received before move in. • No Pets.
• Non-Smokers only.
• Landlord’s Rules & Regulations to be attached to Lease.
• No evidence of Bed Bug presence and Bed Bug Addendum to be attached to Lease.
Short Term Leasing Criteria (1-3 Month Lease):
• Gross Income must be 3 times the rental amount and verified by pay stubs or bank statements.
• May Require Lease Guarantor.
• Non-Refundable Locator Fee $375.00 paid at time of application completion. (Required on short term leases only).
• Good Rental Credit Score (no lower than 620) verified by TransUnion SmartMove®
• No Criminal History, report accessed and verified by Allsource Property Management™ via TransUnion SmartMove®.
• Non-smokers only.
• Landlord’s Rules & Regulations to be attached to Lease.
• Furnished Units may require additional deposit requirements.
IMMEDIATE DENIAL SHALL RESULT FROM ALL THE FOLLOWING:
• Invalid and/or no Social Security Card, Invalid and/or no Driver’s License or Government Issued Identification, or false information on Application.
• Insufficient Income and/or Negative Employment History.
• Negative Rental History including eviction, late payments, returned/bounced checks,
balance owed to Previous Landlord, Lease violations, Landlord complaints, property damage.
• Negative Credit History including repossession, eviction, foreclosure, bankruptcy.
• Criminal History including but not limited to misdemeanors, felonies, sex offenders, terrorist activity.
***Prospective Applicants who do not meet the selection criteria may be approved with
an additional security deposit, an approved Guarantor co-signer and/or landlord's approval.
In order to facilitate the Application Submittal and Approval Process involving multiple Lease Applicants
• Lease Applicants will be notified of a multiple application situation.
• All complete applications with fee will be processed by Allsource Property Management™.
• Landlord will be provided all processed applications for review.
• A processed application that is reviewed by Landlord is NOT subject to refund.
• The decision of accepted Lease Applicant is made solely by the Landlord and NO approval is implied without stated written approval from landlord.
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Texas Consumer Protection Notices:
Texas Real Estate Commission Consumer Protection Notice |
Texas Real Estate Commission Information About Brokerage Services |