Rental Criteria
The following Rental Acceptance Criteria and Application Agreement will be signed by all applicants prior to signing a Lease. While some of the information below may not yet be applicable to your situation, there are some provisions that may become applicable prior to signing a Lease. In order to continue with this application, you will need to review the Rental Acceptance Criteria and Application Agreement carefully and acknowledge that you accept its terms.
FAIR HOUSING STATEMENT:
Simplified Realty LLC is a fair housing provider and does not discriminate against persons on the basis of race, color, religion, national origin, sex, elderliness, source of funds, familial status, sexual orientation, gender identity, or military status;
AUTHORIZATION:
I affirm that the information contained in this rental application to lease to be true and correct. I agree that Simplified Realty LLC may terminate any agreement entered into (including the lease) in reliance on any misstatement made in this application. I agree and affirm that Simplified Realty LLC may question and seek information from all persons and/or firms named by us in this application and contract to lease, and further authorize Simplified Realty LLC to acquire my credit score report and criminal background check from any authorized credit agency. I agree that acceptance of this application is conditional upon a credit score check and other verifications that are satisfactory to Simplified Realty LLC.
FAILURE TO PERFORM:
I agree to enter into a lease for the rental unit upon the terms outlined above. I agree that I have toured or video-toured and previewed and seen the rental unit being applied for and that I am accepting it in “AS IS” condition, unless otherwise noted. If I refuse to enter into the manager’s lease (within 24 hours of notification of approval), AND/OR if occupancy is not taken by me (on or before the occupancy date indicated), then Simplified Realty LLC may rent or lease the property to another party and all deposits and application fees paid herewith shall be forfeited by the prospective Tenant(s) and retained by Simplified Realty LLC as liquidated damages.
DISRUPTIVE OR UNRULY BEHAVIOR
Simplified Realty LLC reserves the right to refuse rental to anyone who is currently or has a history of being verbally abusive, disrespectful or confrontational. Any history of violence or disruptive behavior towards other tenants, staff or visitors will also result in denial of the application. Finally, any current illegal drug use or evidence of alcohol abuse that manifests conduct that poses a threat to the health or safety of other tenants will be grounds for rejection.
RENTAL PROCESS AND APPLICATION PROCEDURE:
I do hereby acknowledge the “Rental Acceptance Criteria and Application Agreement” and that I understand and agree to the terms of application and rental process. I have read and agreed to all pages of this application package and have submitted them with this application for consideration by Simplified Realty LLC.
APPLICATION PROCESSING AND TIME FRAME:
If you fully complete the application, and provide us with accurate contact information for your current and/or previous landlords, we can usually process your application in 1-4 business days. We pledge to process your application, whenever possible, during the same day that you apply. In some cases approval of homeowner associations, condo associations, homeowners, or unforeseen circumstances may require some applications to take longer. You will be contacted immediately upon determination of approval or denial. All adult applicants over the age of 18 must submit a fully completed, dated and signed rental application and application fee. No rental property will be held vacant for more than two (2) weeks, unless approved by Simplified Realty LLC.
COST:
Non-Refundable Application fee (per applicant) – A $40.00 application fee per adult 18 years or older paid online at application process. Approximately $15 of this fee goes to third party screening companies and $25 to our staff for processing. Incomplete applications will not be processed.
THE APPLICATION PROCESS:
Upon receipt of your rental application and application fee, you can expect and hereby authorize that we will (1) check your Credit score report; and (2) check the public records for any past evictions; and (3) verify your employment; and (4) verify your previous landlord references; and (5) do a criminal background check. If you have bad credit, bad references, have ever been evicted in the past or have within the last 7 years any felonies of illegal manufacture or distribution of a controlled substance, felonies resulting in bodily harm or intentional damage or destruction of property for example, “arson”, you will either be declined or may be required to post an additional security deposit amount + increased risk mitigation admin fee as a part of your approval. Sexual related offenses for any time period will be declined.
Once you have been notified of your approval, you must place (at a minimum) a refundable holding deposit (by cashier’s check or money order), of not less than one month’s rent within 24 hours of your approval notification. In the event that you fail to enter into the lease agreement or refuse to take possession of the property on or before the applied for beginning rental date, you shall forfeit an amount of these funds for actual expenses and damages. Due to the high demand for rental homes, we will not hold the property you applied for off the rental market for more than 24 hours unless you provide the required holding deposit. If you do not comply with this requirement, we may rent the home you applied for to someone else.
*All applicants must see the interior of the property before an application can be submitted. The property must be accepted in, “AS IS” condition before an application can be accepted, except where there is written agreement for maintenance or repair items. If your maintenance and repair request are acceptable to Simplified Realty LLC, then that agreement will be written in the lease or lease addendum. Verbal representations are non-binding.
OCCUPANCY REQUIREMENTS – A maximum of two Tenants, and/or one or more authorized Occupant(s) listed on the Lease are permitted to reside in a bedroom, provided that the total number of persons residing in the bedroom complies with applicable building and zoning code requirements. The current Virginia Building Code requires that each bedroom occupied by more than one person shall contain at least 50 square feet of floor area for each person. For purposes of this paragraph, the term “Tenant” shall mean any person age 18 or over who is required to be listed as a Tenant on the Lease and an “Occupant” shall mean any person under age 18 required to be listed on the Lease.
All initial funds, the holding deposit – first month’s rent and security deposit must be paid by cashiers check or money order payable to “Simplified Realty LLC”. Subsequent months thereafter may be paid online per the terms of your lease agreement.
Animal Screening fee (per animal) – Rental applicants with household pets or service/companion/assistive animals are required to submit a per animal application through a third-party screening vendor as part of our rental application process. You must submit the animal screening information online at:
https://staysmadesimple.petscreening.com/
No Animal Applicants – Rental applicants with NO ANIMALS must also follow the above link and simply select the No Pet or Animal button and register to have this application considered. There is NO FEE for this action.
Assistance Animal Applicants – Rental applicants with ASSISTANT ANIMALS must also follow the above link and simply select the Assistance Animal button and register to have this application considered. There is NO FEE for this action.
Application fees for the animals are $20.00 for the first animal and $15.00 for each additional. This fee is paid on the third-party vendor’s site directly and NOT to Simplified Realty LLC. Limit of 2 animals per property. Applications will not be approved until we have the pet score back!
Please note that due to insurance regulations, guard dog breeds are not accepted. You can do a web search for “guard dog breeds” for a list of breeds considered to be in this category. We strongly recommend that you inquire and obtain pet approval prior to submitting an application since the application fees are non-refundable.
Also, local zoning regulations apply in regards to the type of pets allowed.
Pet Policy:
We charge a one time, non-refundable pet fee per pet of $300. This fee is due with move in funds.
We charge a monthly Pet Administrative Fee of $30 – $50 per pet based solely on the Risk Score assessed through Petscreening.com. These fees are due monthly with rent and are not refundable. Monthly Pet Administrative Fees are determined as follows:
5 paw is $30
4 paw is $40
3 paw $50
Completed application package along with all fees must be submitted to the manager of the property in which you are applying. You must also ensure that you complete the Pet Screening and notify your manager that you have done so as they may not know to look for it unless you tell them!
NO SMOKING/VAPING – Smoking of any kind is NOT permitted inside the home, garage or any structure on the property.
TENANT SELECTION CRITERIA:
To qualify for the advertised security deposit amount you must meet the following criteria. If your credit score, residence history or income does not does not meet our criteria for the lowest security deposit amount, you may still be approved but at a higher security deposit amount + increased risk mitigation admin fee:
Applicants must have a combined net monthly income from all sources of at least 3 times the amount of monthly rent (i.e.: $1,000 monthly rent x 2.5 = $2,500 monthly net income) to be approved. When calculating this using DPOR guidance on “source of funds” income for participants in a housing choice voucher program or similar programs, we will subtract the amount of the voucher from the total rent and then use only the applicants portion of rent when applying funds to rent ratio. Income must be verifiable and provided in a form acceptable to Simplified Realty LLC that may include pay stubs, verification of income letter (on company letterhead), a letter of benefit assignments or tax statements of the applicant.
If Military, provide a copy of your orders and a current LES. If self-employed, include the last 2 years tax returns. Rental history must be rated satisfactory or better, with no record of evictions.
We reserve the right to require a cosigner, higher security deposit amount + increased risk mitigation admin fee.
Credit score history and/or Civil Court Records must not contain landlord judgements, utility judgements, eviction filings, landlord collections, or liens. We will not provide you with the credit score report or tell you of its contents; however, we will provide you with the name of the credit reporting agency so you may receive a copy from the credit bureau. All information collected for the approval or denial of this application is considered confidential in nature and for company use only.
Self employed applicants may be required to produce upon request two (2) years of signed tax returns or IRS 1099 forms. Non-employed applicants must provide proof of income.
Valid current photo ID documentation (driver’s license, military ID, or State ID) is required.
Previous rental history reports from previous landlords must reflect timely payment, sufficient notice of intent to vacate, no complaints regarding noise, disturbances or illegal activities, no NSF checks, and no damage to rental property or failure to leave the property clean and without damage when you left the property.
CONTINGENT APPROVAL FEES – CREDIT SCORE BASED RISK MITIGATION FEE
All lease transactions involve risk. To mitigate this risk for both landlord and tenant, Simplified Realty LLC routinely videos the condition of properties before and after each tenancy, ending most security deposit claim disputes before they begin. Offering an approval based upon total credit score below 650 comes with even more inherent risk to the landlord and property manager, however an approval may be offered even to tenants with less than ideal credit as long as they can pay the additional fee associated with their credit/resident scores to offset the risk involved. In addition, a Risk Mitigation Fee may be applicable due to other risk factors as contemplated by the property manager when considering the totality of the application and wholly at the property managers discretion.
Risk Mitigation Admin Fees for Applicants:
Lowest Resident Score ….Fee Due
620 – 650……………………………………$300
Multiple Applicants: A risk mitigation fee will be assessed based on the LOWEST Credit score of all adults
OTHER:
Security deposits are security for faithful performance by tenants of all terms, covenants and conditions of the lease agreement and tenants may not dictate that the security deposit be used for any rent due. Unless claimed due to a breach of lease of damages, the security deposit is refundable when the tenants move out of the property at the expiration of the lease term.
Media Release – We routinely photograph and video tape the condition of our managed properties before and after each tenancy, as well as market our property and business with video tours, testimonials and etc… Applicant understands and agrees our company can use these videos, photos and client records for any legal purpose, and accepts any risk or consequence from these items being used in the course of business.
Leasing Consultants – Simplified Realty LLC provides leasing consultants to grant you access to preview our properties, to distribute rental information, applications, rental process and application disclosures and contracts to lease our properties. The leasing consultant is not authorized to negotiate on behalf of Simplified Realty LLC. Verbal representations are non-binding. Once your application is submitted to Simplified Realty LLC, the approval/denial and negotiation process (if any) will be handled by the property manager in charge of the property for which you are applying.
ADDING OR REMOVING TENANTS Any requests to add or remove a Tenant from the Lease during the term of the Lease must be approved in advance by Simplified Realty LLC, and an amendment to the Lease reflecting any such changes must be executed by all parties to the Lease. Any changes to the tenancy would require the remaining Tenants to re-submit a new application, complete the application process, and be approved under these Criteria.
This “Rental Process and Application Disclosure” is hereby made an integral part of my/our rental application. I hereby acknowledge that I/we understand and agree to the terms of application and rental process as described herein. I further acknowledge that I have seen and previewed the rental property (both inside and outside) for which we are applying.
All applications are processed through Transunion. Please direct all inquiries regarding your file to the following address:
Transunion
Phone: 1 (800) 916-8800
Mail: P.O. Box 2000, Chester, PA 19016-2000 Site: transunion.com/customer-support
Signature. Our receipt of this application is consent only to this Application Agreement. It does not bind us to accept an applicant or to sign the proposed Lease.
Thank you for applying to with Simplified Realt
