Elevating Your Rental Experience

Dear Prospective Tenant: 

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Thank you for your interest in a rental home managed by MS Coast Rentals. We require that all prospective residents meet the below qualifying criteria when completing an application for a rental and confirm that you understand and agree. 

 

The application to rent does not guarantee that applicant will be offered the rental. Landlord or Manager may accept more than one application for the rental and, using their sole and exclusive discretion, select the first qualified applicant.

 

All application fees paid to Manager are non-refundable.

 

Photo I.D.: All applicants must verify identity to complete the application. Manager reserves the right to automatically decline all incomplete submissions or the inability to verify an applicant’s identity.

 

Applicant must physically reside in the rental for which they are applying. Applicant must live in the rental and disclose all persons that will be occupying the rental. All persons residing in the rental are subject to background checks prior to occupancy. All persons 18 years of age or older must be a leaseholder and qualify for the rental with the applicant.

 

If a prospect is declined based on Resident Selection Criteria, Manager reserves the right to take adverse action. This may include denial of the application, the requirement to pay a higher security deposit, or the requirement to obtain a qualified lease guarantor.

 

Occupancy limits have been established by the size of the unit. Maximum number of persons allowed is as follows (unless otherwise defined by statute or local ordinance): No more than 2 occupants per bedroom plus one unless otherwise provided for under applicable state law.

 

Other Qualifying Factors: Manager will take into consideration the lease term length (minimum one year), the amount of expenses needed to make the rental acceptable to you (not including any Fair Housing related accommodation requests) and the amount of time the rental will remain vacant until you occupy.

 

Automatic Decline: Applicants will be automatically declined for the following reasons:  Any applicant who has been evicted by a prior Landlord for cause, Falsification of application, Invalid Social Security number, an application that has not been fully completed or is unverifiable.  Additionally, Manager reserves the right to automatically decline all incomplete and unverifiable applications.

 

Rental Acceptance: Prospective tenant(s) are accepting the rental in an “as is” condition. Requests for changes to the rental must be submitted in writing with the application. Applicant must submit security deposit and a signed lease within 24 hours of acceptance of application - failure to do so may in the Manager’s sole discretion result in cancellation and revocation of the lease offer.

 

Lease Guarantor: Guarantors will be considered for applicants who are solely denied based on income or lack of established credit history. Guarantors are not considered for applicants that fail to meet rental history, credit, or criminal background qualifications. Only one Guarantor per house is permissible. Guarantors may be relatives or an employer; friends may not serve as a Guarantor. The Guarantor must submit an application, pay the application fee and provide all necessary supporting documents. Guarantors must have a net monthly income of 3.5 times the monthly market rent, minimum Resident Score (FICO) must be 700 + and meet all of Manager’s other Resident Screening Criteria.

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Requirements

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Move-in Requirements:

After approval and before occupancy will be granted, Prospective Tenant must supply all the required move-in funds, including:

• Security deposit - paid online via web portal

•  First month’s rent - paid online via web portal

•  Any other applicable deposits and fees

 

All tenant paid utilities must be transferred into Prospective Tenant’s name, and a lease must be executed and signed by all parties.

 

Qualification Standards:

• Applicants who do not meet minimum screening standards will not be approved.

• Applicant must have current photo identification and a valid social security number.

• Applicant's monthly household income must exceed three times the rent. All income must be from a verifiable source. Unverifiable income will not be considered.

• Applicants must receive positive references from all previous landlords for the past 5 years.

• Applicant may not have any evictions or unpaid judgments from previous landlords.

• Applicant must have a minimum credit score of 600 and demonstrated ability to pay bills on time.

• A background check will be conducted on all applicants over 18.  Applicant’s background must exhibit a pattern of responsibility. 

• Applicant must be a non-smoker.

• Occupancy is limited to 2 people per bedroom.

 

At landlord’s discretion, compensating factors such as an additional security deposit or co-signer (guarantor) may be required for qualification if Applicant fails to meet any one of the above requirements.In the event of multiple applicants, tenancy will be granted to the most qualified, based on the above criteria.