1. What are your income requirements to rent?
We require 3 times (3x) the rent amount in documentable, and verifiable income (See Application Page for documents required). Maximum of 2 adult incomes considered. Applicant must meet the 3 times rent income requirement, for at least 3 months prior to applying.
2. What are your credit score requirements?
The optimal candidate will have a credit score of 600 or better. We may be able to still work with applicants with credit scores above 500, however, owner approval and an increase in deposit shall be required for final approval. Additionally, we are looking for rental related judgements and/or evictions that may have occurred in the past. If you have established good, verifiable rental history for the last 5 years from a non-family member landlord or a property management company, we may still be able to work with you.
3. Do you allow pets?
Please read each ad carefully. The following statements are placed in the advertisement: "Sorry, no pets", OR, "Pets may be considered, depending on type and number of pets, owner approval, and additional deposit required". Note: Due to property insurance requirements, Pit Bulls are never allowed. If your application is approved, you will be required to fill out a pet/animal screening profile through our firm's third-party pet screening service.
4. How much is the Application Fee?
Our application fee is $40.00 per adult (18 years and over). This fee is for processing the application and our cost to run the credit report. The application fee is non refundable.
5. How long does it take to process my application?
It generally, takes 3 to 5 business days (Mon - Fri). Processing times can vary depending on the number of applications in process and our ability to contact your references. (Note: Incomplete applications will not be processed until an application from all adults who will be residing in the home and all required documentation is received.)
6. How much is the Deposit?
The minimum deposit is equal to one months rent. It can increase to as much as 2 months rent due to prior late payments reported from rental history verifications, a lack of verifiable rental history, pets, and information contained in your credit report.
7. Do you work with Section 8?
Our office does work with Section 8. It does vary from property to property based on the condition of the home and the owner of the property. We require you make an appointment to view the property first, and if still interested we will discuss options with yourself and the property owner. Note: We require all Section 8 applicants to have a minimum income equal to one (1) months rent.
Please contact Provest Realty Inc. with any other questions.
***QUALIFICATIONS/REQUIREMENTS ARE SUBJECT TO CHANGE AT PROPERTY OWNER'S REQUEST***