Screening Criteria
Before You Begin:
Tenant Screening Criteria
EQUAL HOUSING OPPORTUNITY: Alpha Property Management follows a policy of fair and equal treatment to all persons regardless of race, color, religion, sex, national origin, familial status, or handicap, and in compliance with all Federal, State, and Local Laws. We also have a responsibility to ensure the protection of our property, the residents' right to peaceful occupancy, and the owners' financial interest. With this in mind, the following rental policy has been established.
GENERAL: These criteria will pertain to all properties managed by Alpha Property Management acting as the landlord. All properties have a strict no-smoking policy and strict pet policies. You have the right to obtain a copy of the screening report obtained from your rental application. If you do not automatically receive one, please contact our office at 831-320-2729, and one will be sent to you promptly at no additional charge. Applications for rental properties will be accepted on a first-come, first-served basis and are subject to the availability and location requested. Please note we are unable to hold units for future arrival dates, scheduled third-party inspections, etc. To remove the unit from the market, a signed lease and payment of the security deposit must be completed.
RENTAL APPLICATIONS: Rental applications are to be completed by each adult applicant. An application must be submitted for all adults residing in the apartment before it can be considered by management. Management will rely on the information outlined on the application, and if any information proves to be untrue, the application or subsequent lease may be rejected.
APPLICATION FEE: A non-refundable application processing fee of $40.00 per applicant will be charged before an application is processed. This amount is non-refundable regardless of the outcome of the application or the reason for that outcome.
ADMINISTRATIVE FEE: A non-refundable administrative processing fee of $25.00 per applicant will be charged before an application is processed. This amount is non-refundable regardless of the outcome of the application or the reason for that outcome.
Our screening reports are comprehensive checks that screen court records, Landlord-Residential History, sexual offender history, Credit History, and more. Therefore, unfortunately, Alpha Property Management does not accept "Reusable Credit Reports".
QUALIFICATION STANDARDS: Alpha Property Management will look at the following areas when determining the eligibility of an applicant.
Credit Check: A credit report is required on each individual over age 18. The results of the credit report will be evaluated. Unsatisfactory credit can and will disqualify applicants from renting a property. Alpha Property Management defines a credit report as follows:
685 or above – approved
650-684 -approved with Additional conditions and/or Co-signer required.
649 or below- denied. A co-signer cannot be used to qualify.
No Established Credit-approved with conditions. Rental prepayment and/or Co-signer
Note: Employment verification is required before a credit check. The two most recent pay stubs and/or new hire letter are required to prove employment income.
Alpha Property Management defines an unsatisfactory credit report as one that reflects a history of bad debts, unpaid bills (leniency will be given for medical bills and/or student loans), any legal judgments (within the last 4 years), or recent bankruptcy. Recent bankruptcy is defined as having been filed within the previous two years. If positive credit has been established after the two years and proof of court-ordered bankruptcy dismissal is provided, the application will be considered. If an application is denied due to poor credit, the applicant will be notified and provided with the name, address, and phone number of the credit bureau to obtain a copy of their report.
Public Records Criteria: An eviction and criminal records search will be conducted as part of the screening process. Deniable factors will include rental eviction or previous conviction for a crime that is drug-related or that involves violence against a person or property, which may cause the application to be denied.
Employment History Criteria: This property requires a minimum of 12 months of employment with the current employer or in the same line of work. If the tenant cannot meet these standards, the application may be denied. Possible exceptions to the employment criteria include the following: Retired or self-employed applicants will require the most recent tax returns or three months of bank statements to verify income.
Household Income: The monthly rent should not exceed 38% of the total gross monthly income. Allowances for other income, such as alimony, child support, etc., will require written verification. Students with jobs must provide proof of employment. Students using student loans must provide proof of loan amount. If the applicant doesn't meet this standard rent to income criteria, this will result in a denial of the rental property or approval with conditions. The following items can be considered a deniable factor:
Lack of proof of income
Falsification of income
Cannot meet income requirements
Final recommendation will also be dependent upon income, rental and employment history.
Residence: Positive rental history is required for any applicant to be accepted and a minimum of 3-5 years is required. If the applicant does not possess any rental history, it is up to the ownership's discretion if they will accept a co-signer. All previous rental or mortgage verifications should reflect an account that was paid as agreed shows no disruptive conduct, no damage to the property, no balance due or failure to comply with stated lease requirements. Previous rental history is defined as a formal agreement in which a lease listing applicants' name and an amount to be paid is listed. Negative rental history may result in application denial. This means that if a previous landlord would not re-rent to you in the future due to your payment history or breach of lease conditions then you will be denied. At this property we require the tenant to have zero evictions on record. If overall rental history is less than 36 months this result may require application approval with conditions or denial. Verification will only be considered if applicant was named on a formal lease. Subletting is not an accepted form of verification. Please note that we are unable to accept landlord residential references from yourself, friends or family. If residential verification can not be satisfactorily performed for any reason, applicant will be denied. The following are considered a deniable factor:
More than 1 late rental payment on record within the last 12 months
Applicant was not listed on lease and is unverifiable resident
More than 1 noise complaint on record within the last 12 months
Broken lease agreements with previous landlords
Inaccuracy of falsification on the rental application
Guarantor Qualification: Co-signers may be accepted in certain circumstances where there is a first-time lessee who does not have rental history or established credit. Co-signers may also be used in cases of persons with limited income, who would otherwise not qualify under our present selection criteria. At no time will a co-signer be used to cover negative credit lines that would normally cause an application to be denied. The co-signer must have sufficient income that exceeds or equals their monthly mortgage plus two times the monthly rent. The co-signer is not required to be present to sign the lease agreement. Co-signer responsibilities include paying of rent, late fees, utilities (if applicable), and payment for damages should the resident default in areas of the lease agreement. Co- signer is bound by all statutes of the lease agreement and agrees to comply with all aspects of the lease. Co-signers are required to complete an application and agree to be screened if necessary.
SECURITY DEPOSIT: A full deposit equal to one month's rent must be paid at the lease signing and all additional conditions met.
BANKING: Owner requires all applicants to utilize traditional banking and submit 2 months of recent bank statements.
OCCUPANCY RESTRICTIONS:
1 bedroom - The maximum number of persons allowed is two per bedroom, plus one.
2 bedroom - The maximum number of persons allowed is two per bedroom, plus one.
3 bedroom - The maximum number of persons allowed is two per bedroom, plus one.
Each tenant must possess adequate credit and rental history and is fully responsible for the entire rental payment. Each tenant must execute the lease and all applicable
TRANSFERS: Owners representatives will attempt to accommodate transfer requests. Tenant unit-to-unit transfers are discouraged and subject to denial. All transfers will be treated as new tenancy and are subject to all application screening criteria.
ANIMALS: No animals or birds of any description are allowed without the expressed written consent of management. In addition, a pet agreement must be signed by all adult occupants. Landlord charges 100.00 extra for monthly rent and 100.00 extra security deposit. Dog breed, type, and size permissions are property specific. Ask management for property specific details. Alpha Property Management offers some locations that are dog friendly. However, these locations have a strict 1 Dog maximum. NO cats are allowed at any location. The Pet Policy is designed to protect pet owners and non-pet owners, and to ensure that the animals receive responsible care. This policy applies to all animals kept in the unit and will be strictly enforced. If two or more violations of this policy occur, the resident will be considered in breach of his/her lease and eviction proceedings may begin. All animal documentation such as licenses, vaccinations, etc. should be submitted with application. Animal Owners shall comply with all City laws regarding licensing, etc. Failure to disclose animals on application will result in denial.
Approval: Permission to keep a pet is granted at management's sole discretion and is subject to the resident's adherence to the Pet Policy. The following conditions must be met before a pet is allowed in the unit:
Pet Addendum which outlines house rules is completed and signed
Pet deposit is paid in full
Failure to comply with these steps will result in revocation of pet privileges.
CREDIT REPORTING: Pursuant to California Civil Code § 1954.07
Alpha Property Management(“Housing Provider”) offers all Residential tenants, at the time of entering a lease agreement and annually thereafter, the option of having the Resident's positive rental payment information reported annually to Experian a nationwide consumer credit reporting agency.
“Positive Rental Payment Information” is defined as information regarding a Resident's complete, timely payments of rent and does not include an instance in which a Resident did not completely or timely make a rental payment. If there is more than one Resident renting an apartment / condominium / property together, each individual Resident must make their own written election to have Positive Rental Payment Information reported to Experian. Residents may also elect to stop Positive Rental Payment Information reported at any time, but the Resident will not be able to resume Positive Rental Payment Information reporting for at least six months after the election to opt out.
It is the choice of each Resident whether to have Positive Rental Payment Information reported. It is optional and not required. Residents may opt in at any time.
By signing below, I/we acknowledge that we understand the terms and guidelines for application approval.
Application Fee: $40.00