Credit Report

During the application process, a credit report will be obtained for all leaseholder applicants to verify credit history and credit score.

Credit Report

During the application process, a credit report will be obtained for all leaseholder applicants to verify credit history and credit score. Credit report results, in addition to applicant’s income, will collectively determine rental eligibility, security deposit levels and any other conditions that may be required in order to grant a lease agreement.

The three possible screening results are as follows:

Approval,
Approval with an additional security deposit of one-half to a full month’s rent may be required (subject to be applicable by law), or
Denial.
Factors that can negatively affect rental eligibility per the results of a credit report include, but are not limited to, the following:

Credit history
High debt load
Payment behavior
Collection accounts
Prior Landlord / Tenant evictions
Delinquencies