Minimum requirements for all applicants are listed below.
- The applicant MUST see the property in person before signing the lease.
- The credit score for each applicant should be 640 or above. Any interested party over the age of 18 must complete an application.
- Gross combined household income should equate to three times the rental amount.
- Applicant(s) must have no prior evictions and must not have been subject to eviction proceedings.
- Applicant(s) must not have a convicted criminal record.
- SLORight may check for collections and past due accounts.
- SLORight may contact current and previous landlords for references.
- SLORight may contact current and previous employers for references.
- Applicant(s) must not have terminated a previous rental agreement with an overdue balance.
- Applicant(s) must not have any liens, judgments, or lawsuits over $1,000 against them.
- Applicant(s) must not have any bankruptcies, foreclosures, or judgments over the past three years.
- Applicant(s) must not have existing circumstances that are likely to result in defaulting on rent within 60 days.
- Applicant(s) must have a positive, acceptable, passing recommendation from a third-party tenant screening report (SLORight uses TransUnion).
NOTE: Fulfilling the minimum requirements above does NOT guarantee any applicant(s) a lease agreement with an SLORight Property Management property.