Application Criteria
Thank you for your interest in applying to rent a Green Light Property Management property! We are seeking long term, high quality residents. Our commitment is to provide our tenants with excellent service and a superior experience.
Please read the below information and instructions fully.
1. Your gross income should be at least 3 times the monthly rent. We do combine all adult’s income.
2. At least one applicant must have a credit score of 600 or above. Applicants with lower scores may be approved on a per casebasis with a higher security deposit.
3. Your debt to income ratio (DTI) should not be above 45%. Your DTI = all monthly debt payments plus the monthly rent amount.
4. Felony convictions may result in the application being denied.
5. If you have had any eviction filed at any point in time your application will result in an automatic denial.
6. If you have an open collection from a landlord or property management company, this is an automatic denial.
7. We do not allow more than 4 unrelated adults in a rental home.
8. A valid government-issued photo ID is required from all applicants.
9. If ANY information is found to be false, the application will be denied.
10. Security Deposits may vary depending on credit score and rental history.
Pet Policy
Please confirm the pet policy for this property. If pets are allowed for this property, note that we do have breed and age restrictions on dogs that we must follow as a company policy. You can view our company pet policy here.
Smoking
NO tobacco smoking is allowed inside of ANY of our rental homes.
Move-in Cost
Please refer to our move-in checklist for the typical move-in expenses and fees. If in doubt, we recommend you to call our office to clarify your questions about your move-in expenses prior to submitting an application.
Move-in Date
For properties immediately available, we do move-ins from 1 week after application approval up to 3 weeks after approval.
Guarantor
If you would like to use a guarantor, here are some critical information:
When having a guarantor does not help:
- When the applicant has a filled eviction at any time or an open collection from a previous landlord.
- When the applicant is denied based on the background check.
Minimum requirements for a guarantor:
- Minimum credit score of 650.
- DTI lower than 45% (guarantor’s debt servicing + applicant’s debt servicing + the rent in question divided by total income).
- No filed evictions or open collections from a previous landlord.
Next Steps
1
Each occupant, age 18 and above, must complete an individual application and pay a NONREFUNDABLE application fee of $60 per adult. Application fees must be received BEFORE the application can be processed.
2
Once we receive your completed application with all documents required we will have it fully processed and notify you of theresults typically within 2-3 business days of receipt.
3
If approved, you will need to sign the lease AND pay the security deposit for us to take the property off market. Until then, wemay approve another application and withdraw our lease offer to you.
4
We will process ALL applications and approve the most qualified one. If you are approved but the house is no longer available,you may apply your pre-approved application towards any of our other properties within 60 days WITHOUT having to pay anapplication fee again.
Please Note: An incomplete application will delay the process and may result in another applicant being approved while we wait for your information.