Rental Policies and Procedures

Please read the following policies.  If you feel you meet the guidelines for qualifying, we encourage you to submit an application.

Fair Housing

Enterprise Property Management, Inc adheres strictly to all requirements of the Fair Housing laws.  We do not discriminate against any applicant for any reasons of race, color, creed, national origin, sex, age, marital status, or physical or mental disability.

Applicant

• Each person 18 years of age or older must completely fill out and sign an application.
• Applications must be accompanied by an application processing fee to be considered.

Application Fees

• Application Fee: $50.00 per applicant or co-signers. Co-Signers will not be approved by EPM but might be approved by the property owner, at their discretion. There is no fee for occupants. Payment may be made by cashier’s check, money order, or credit card, ONLY. Personal checks and cash will not be accepted until after the 1st FULL month rent payment. Make certified checks or money orders payable to: Enterprise Property Management, Inc
• Standard Security Deposit: 100% of monthly rent amount. Additional deposit may be required by rental property owner based on the content of a credit report or other challenging factors discovered by the application process.
• If you want to be first in line for the property, then you must deliver a certified check or money order to the EPM offices to hold the property for 1 or 2 weeks from the date of application submission. The one week fee is called a home hold fee and is in the amount of $250.00. The security deposit which will hold the home off of the market for 2 weeks is in the amount of one month's rent. If you do not pay the home hold fee or the security deposit, ANYONE can jump in front of you. Please call the office to verify if you are first in line.

Credit Criteria

• Enterprise Property Management, Inc will obtain a credit report.
• Standard Credit Requirements: Minimum credit score of 625. No current or prior foreclosures, or defaults on housing by any name or definition. No monetary judgments, collections or government liens. Bankruptcies must be discharged.
• Court Reports/Public Records – Must be clear and not reflect a pattern of behavior which may interrupt the private or public enjoyment or safety of individuals in the community. Convicted felons will be declined- drug, violent, and sex criminals will be declined.
• If signs of fraud or identity theft are suspected by the application processor, additional personal verification or verifiable income documentation may be requested by the processor, or the application may be declined.

Employment/Income Criteria

• Employment History: 2 years of employment history. For self-employed, include the following: past 2 years of income tax returns and 3 months of past bank statements. Unless otherwise retired or disabled.
• Minimum Income Qualifications: Monthly Gross Income must be at least 3x the Monthly Rent amount. Roommates must meet 50% of income requirement. Please provide 2 most recent months of paycheck stubs (per applicant) to verify income. Applicants with an active mortgage will be required to have a monthly income of 6 times the amount of monthly rent amount.
• Overtime hours will be counted as long as they can be shown as steady over the course of 2 months paycheck records
• 90 days on current job or must show previous employer check stubs or previous 2 years tax returns
• During the Verification of Employment process, the processor must verify include proof of ownership or management of current employer and provide legitimate contact information for current employer. Any misrepresentation discovered during this procedure will cause the application to be declined. The processor must be able to prove existence of employer in good standing. Paycheck stubs must be independently verified with the paycheck preparer, HR department or bookkeeper.If employer uses an employment verification company, positive verification of employment through that service will be required.
• Self Employed or small business ownership must show valid proof of existence and profitability 2 years most recent tax returns and 2 other forms of business verification (utility bills, purchase orders, mileage sheets, physical location, business license, etc)

Rental history

• Rental History: 2 years of rental history. No prior evictions. No prior lease infringements.
• During the Verification of Rental process, the processor must verify include proof of ownership or management of currently leased property and provide legitimate contact information for current homeowner or landlord. Any misrepresentation discovered during this procedure will cause the application to be declined.

Pets

• The following dog breeds are not approved for any of our rental properties:  Rotweillers, Dobermans, Chows or any dog known as "pit bull" (also known as American Staffordshire Terrier, American Bulldog, American Pit-bull Terrier, etc), or any dog which has found to have previously bitten another person causing harm, with a public record at a prior address.  No exceptions.

Approval and Move-In Conditions

Enterprise Property Management, Inc will continue to advertise and consider all other applications for the subject property until the following has been provided:

• Application(s) have been paid for, completely verified and approved.
• All Applicants have provided 3 sources of verification of identity required to include Driver's license, Social security card, passport, most recent utility bill or other invoice showing current residence
• Security Deposit, or Home Holding Fee has been received.
• A rental agreement has been signed.