Rental Policies and Procedures

All applications for residency will be evaluated using the following criteria: Rental applications must be processed on all prospective tenants 18 years of age and older.

Occupancy Guidelines

The maximum number of residents permitted in an apartment or home, shall not exceed (2) occupants per bedroom. The only exception to the limitations above is an infant who is under (1) year of age at the time of move-in; however, upon lease renewal the resident(s) will have to comply with the occupancy standards above.

Income

The gross monthly income of the household must equal or exceed three times the monthly market rent. Prior to move-in, income must be verified by obtaining one of the following: Offer letter with company letterhead, copies of the 3 most recent payroll check stubs, previous year W-2, or copies of the last two months bank statements. If applicant is unemployed or retired, proof of income/assets should be provided, and must equal or exceed three times the contractual amount of the lease term. Roommate applications must be processed simultaneously; combined income must equal or exceed three times the market rent. A guarantor will be accepted if the rent to income ratio is not met; however, guarantor must meet or exceed the income criteria.

Rental/Mortgage History

At least 12 months of satisfactory rental/mortgage history is required. An exception would be a first time renter that meets all other requirements.

Credit History

Credit history must be in good standing. Any balance owed to a utility company, Mortgage Company, and/or previous landlord must be paid in full prior to approval.

Criminal History

Applicants with Felony or misdemeanor charges and/or convictions involving crimes against a person or property, and including but not limited to theft, drugs, assault, and sex related crimes will be denied. Guarantors will be subject to the same criminal history criteria.

Application Fees
Applicants Without a Social Security Number Must Provide
Animal Policy

Most of our owners allow pets upon owner approval, with a signed Pet Agreement, Pet Deposit, and/or Pet Fee. However, some owners do not allow pets at all. So, please discuss with us if you have any pets before submitting your application.

Next Step
Web:  http://www.lretx.com/       E-mail:  info@lretx.com