Keyrenter Buxmont Rental Criteria

Brief Overview of our requirements:

• All residents 18 and older must submit a separate application
• Applicant(s) average credit score of 650+
  Co-signers are allowed to assist with credit
• Gross income (combined) must be 3x the rent rate
• Debt-to-gross-income ratio below 45% (including monthly rent)
• Pets & Animals require separate screening and approval.
• Criminal history must be disclosed
• Two years of residency/rental history
• No smoking
• Application fee of $40. run credit and background checks (required)

AGE REQUIREMENTS:

All adults, aged 18 or older, who will reside at the property must complete, sign, and pay for a separate application.

Applications will not be considered complete nor reviewed until every applicant (18 years of age or older) has submitted the required documentation and paid for a separate application.

IDENTIFICATION REQUIREMENTS:

All Applicants must provide a valid government-issued photo identification. All Applicants must also provide a valid Social Security Number, Individual Taxpayer Identification Number (ITIN), Employment Identification Number (EIN), or I-94 for verification purposes. Non-U.S. Citizens must be able to provide documentation from U.S. Immigration to verify legal residency in the United States as of the effective date of the lease agreement.

INCOME REQUIREMENTS:

All applicants must provide their last 2 FULL months of pay stubs or proof of income. An application may be denied if the combined net monthly income of all persons living at the property is less than 3 times the monthly rental rate.

Any of the following may be requested to verify income:

• Copies of the last two consecutive payroll check stubs
• Copies of the last three consecutive bank/financial statements
• Previous W-2 or 1099. Self-employed Applicants must provide the previous two years.
• Proof of child and/or spousal support payments
• Proof of social security income, disability income, or other government income
• Proof of retirement income
• Proof of trust fund income
• Current offer letter for new employment
• Financial aid and/or scholarship documentation
• Housing vouchers
• Any other legal, verifiable source of income paid directly to the applicant or their representative.

CREDIT REQUIREMENTS:

Applicants’ credit will be checked with a reputable credit bureau and/or a reputable consumer reporting agency. Applications with a combined credit score below 600 will be denied. However, a co-signer may be offered to assist with low credit.

Any bankruptcy must have been discharged at least 3 years prior to the date of application.

More than 50% of accounts showing as delinquent and/or in collections/judgment may result in denial.

If the application is denied due to credit requirements, Keyrenter will, upon request, provide the applicant with the names, addresses, and telephone numbers of the consumer reporting agencies that provided the applicant’s report.

RENTAL/RESIDENCY HISTORY:

The previous two (2) years of rental or residency history are required. The credit report and other sources of rental history will be checked to verify the resident and rental history.

Applicants must provide the address and dates of tenancy for the previous two years, along with the respective Landlord’s phone number and/or email address. An application will most likely be denied if there are any previous evictions on record, defaults in lease agreements, multiple non-sufficient funds, multiple late rental payments, or outstanding balances owed to another landlord.

Keyrenter reserves the right to deny an application if, after making a good faith effort, Keyrenter is unable to verify the Applicant’s rental history. Satisfied or dismissed evictions may be considered with proper documentation. If the Applicant owned, rather than rented, their previous home, the Applicant may be required to provide references from the mortgage company and proof of title or transfer of ownership.

CRIMINAL HISTORY:

Applicants will be asked to disclose any prior convictions or pending criminal actions. A thorough criminal background check will be conducted. Failure to disclose is grounds for denial. Pending criminal actions will not, in themselves, be grounds for denial, but may be factors used along with other criteria in the application review.

Convictions of any sort will be evaluated on an individualized basis. Keyrenter will consider the nature and severity of the crime, how much time has passed since the criminal activity, and any release from imprisonment, parole, or probation resulting from it. Persons who are listed on any sex offender list will most likely be denied. Applicants with convictions relating to crimes involving violence, gang activity, arson, rental fraud, or injury to persons will most likely be denied. Applicants who have been recently released from prison, parole, or probation may be required to provide additional information and/or references.

OCCUPANCY:

Keyrenter follows city and county guidelines and regulations. Please check with the city and/or county for any occupancy restrictions. Typically, 2 per bedroom max.

CO-SIGNERS:

The option for a Co-Signer may be offered to Applicants that do not satisfy the Credit Requirements, and/or Rental/Residency History requirements ONLY. Applicants must still meet the income requirements independently. Co-Signers must complete, sign, and pay for a separate application. Co-Signers are subject to the same rental criteria, background checks, and verification as described above. Co-Signers must provide proof of income equal to 5.0 times the property’s monthly rent. If the application is approved, the Co-Signer must sign the rental agreement. Co-Signers will be held responsible for the Lease and any other costs incurred on the Lease, such as damages or Tenant(s) failure to pay.

Keyrenter reserves the right not to offer a Co-Signer option.

ANIMAL POLICY:

All pets, ESAs, and service animals must be registered on PetScreening as part of the application process. Start the process here: https://keyrenter072.petscreening.com/

Check each available Property for specific pet policies. Pets may be denied if they receive a negative reference from a previous landlord. An additional pet fee and a monthly pet fee will be required for each pet.

Restricted breeds will result in denial. Commonly restricted breeds: Akita, Chow, Pit Bull, Staffordshire Terrier, Presa Canario, Rottweiler, Sharpei, Wolf Hybrids, American Bulldog

For registered service animals, proper documentation must be provided upon application.

For emotional support animals, a doctor’s note from a licensed medical professional who is considered capable of deeming an animal as an emotional support animal will be required upon application.

SMOKING POLICY:

NO SMOKING ALLOWED in the home or within 25 feet of the home and the surrounding neighbors. Smoking is considered to be the use of cigarettes, vaping, e-cigarettes, and other forms of smoking. Keyrenter does not allow smoking in or on the property, or within 25 feet of any entrance of the property or a neighboring property. Keyrenter reserves the right not to process applications and rent to applicants who smoke. Any exceptions to this are on a case-by-case basis and may require a higher deposit.

DEPOSIT REQUIREMENT:

An initial deposit will be required within 24 hours of lease signing. The deposit amount is listed within each listing for each available property (typically 1.5x monthly rent). Keyrenter reserves the right to increase the required deposit in instances when an application does not meet Income Requirements, Credit Requirements, when there is a negative or lack of Rental/Residency History, or a combination thereof.

MISCELLANEOUS APPLICATION INFORMATION:

• There is a fee of $40.00 (USD) per Applicant. The application is not considered complete until this fee is received.
• Application fees are non-refundable, even if the Applicant is denied tenancy.
• A text or email notification may be sent acknowledging the beginning of the processing of the application. Processing will not begin until the Application is deemed complete.
• All Applicants are judged on the same Rental Criteria. It is the Applicant’s responsibility to review the Rental Criteria and to provide Keyrenter with the necessary evidential documentation and/or contact information to verify the information provided in the Application. Keyrenter reserves the right to decline an application for incomplete or untruthful information or documentation. Keyrenter also reserves the right to decline an application for the Applicant’s delay in providing Keyrenter with information and/or documentation needed to verify the Application.
• The application that follows takes approximately 20 – 45 minutes to complete. Keyrenter recommends that the Applicant double-check the information they provide to ensure there is no delay with processing the application for residency.
• For questions or concerns regarding an application, please contact Keyrenter at 267-405-5500 and ask to speak to a Leasing Associate.