Below is a summary of our typical rental criteria. Please note that this information is subject to change and this serves as a generic guide. Other criteria, restrictions and exceptions may apply.
Five (5) Requirements to be eligible for a standard refundable security deposit:
Requirement when Monthly Income/Employment does not meet 3x the rental rate and all other criteria have been met:
Requirement when less than Twelve (12) Months of positive verifiable rental history but all other criteria have been met:
All persons over the age of 18 must be a signer on the lease contract. Occupants are limited to those limitations put in place by state, federal, or local rule or ordinance. There may be some variations to the above occupancy standards based on square footage of the unit/bedrooms.
Lease Holder(s) must present evidence of Liability Renter’s Insurance coverage including Personal Liability for $300,000 and a minimum deductible of $500. The policy must include the Property Name listed as an “Additional Interested party” and must remain in effect for the term of the lease.
A Credit Report and Criminal Background Check will be completed for all applicants and occupants eighteen (18) years of age and older.
All credit and background information is supplied through Yardi Resident Screening.
Applicants with unpaid judgments, collection accounts, “skips” or “evictions” from other rental properties may result in denial of application.
Applicants must have one (1) Government issued ID (Driver’s license, Social Security Card, Passport, or Visa) and one (1) additional form of ID such as (Bank Card, Health Insurance Card, Credit Card, etc.) that includes their full first and last name. A photocopy of all ID’s will be required for our files.
All applicants will be required to pay a holding deposit. If the application is not approved, they will receive a refund of the holding deposit in accordance with federal, state and local regulations. If approved, the holding deposit will be applied to move-in charges at time of move-in.
Within 48 hours of applying for an apartment, all applicants must 1) pay all applicable upfront fees, 2) complete an Application, 3) provide a copy of your Driver’s license or other issued Government photo ID, 4) provide your 2 most recent paystubs or job offer letter, 5) the Rental verification is filled out by your current residency and 6) you must sign this Rental criterion or your application may be canceled and all upfront fees will be forfeited.
Co-signers combined income must equal to five (5) times the current monthly rent, and pay their own mortgage/rent, and other monthly financial obligations to be considered.
Note: Paying a non-refundable application fee per person that will not be returned to the applicant under any circumstances. If employment is verified through TheWorkNumber.com website, a charge of $17.85 is assessed for each verification in addition to the aforementioned application fee.
Gaines Investment Trust is fully committed to equal housing opportunities. We do not discriminate against anyone based on race, color, religion, sex, handicap, familial status, or national origin, as stated in the Federal Fair Housing Law. Falsification of application will result in denial.