Policies

POLICIES

ALL AGREEMENTS WILL HAVE AN INITIAL TERM OF 6+ MONTHS AND THEN CONVERT TO A MONTH TO MONTH AGREEMENT.  

GROWING AND/OR USE OF MARIJUANA IN ANY FORM IS NOT ALLOWED AT ANY OF OUR RENTAL PROPERTIES.

AFTER VIEWING THE INTERIOR OF A RESIDENCE, IF YOU WISH TO APPLY FOR THAT RESIDENCE, YOU MUST;

  • Complete the application packet provided by this office. Each person 18 years old or older must submit an application along with showing “2 forms of identification” – one form must be a Government/State issued picture ID (Driver’s License, state issued photo I.D. card) and Social Security Card. You must also provide two (2) current paycheck stubs or two (2) current bank statements if your income is direct deposited (Social Security, retirement, etc.)  Your income must be equal to three times the amount of the rent based on gross. (Exceptions apply in accordance of House Bill 2639).
  • Along with the application(s), you must submit a $40.00 (PER APPLICANT) application screening charge. This charge must be paid by money order or cashier’s check and will not be refunded once the screening process has begun.
  • If rental allows a pet/s you must provide a copy of paperwork from a veterinarian that states the pet/s is/are current with shots & listing the breed, age & weight & name of pet/s.

PROCESSING YOUR APPLICATION

1)          The average time for processing an application is 48-72 hours.  This time may vary depending on the availability of your references.

2)         The first step in processing your application is to run a credit check with Straight Arrow Screening. If your credit report is not favorable (poor credit), your application may be denied.  If you wish to contact Straight Arrow Screening for a copy of the information provided to us, they can be reached by phone at 1-877-542-8966 or by mail at Straight Arrow Screening, PO Drawer 2470, McKinney, TX 75070.

3)         If you have an acceptable credit history, we will then verify your landlord references – “past and present”.   If you are using a relative as a reference, you must have cancelled checks showing proof of rent payment. If you own/sold your home, you will need to bring in a statement from your bank/mortgage company showing that your payments have been timely. Your application may be turned down should any reference(s) be negative. Please provide the last three (3) years of rental history.

4)         If your references are acceptable, we will verify your income (your income must be at least three times the rent of the unit you are applying for ((2 times the rent for non taxed income such as disability/social security)) ).  All income must be verifiable. Please provide copies of two most recent paycheck stubs, etc.

5)         If your application has been cleared to this point, a national criminal background check will be run. If   you have had a felony in the last 5 years or any felony that could be considered to adversely affect the health, safety or right to peaceful enjoyment of the premises of residents, your application will be denied.

6)         All information verified from your application will be considered.  Applicant acknowledges that an additional security deposit may be required.

7)         Any criminal history or false information noted on your application, or lack of pertinent information shall be grounds for denial.

8)         If your demeanor-your manners-at any point during the application process is overly aggressive, confrontational, rude or unprofessional we may deny your application.

 IF YOUR APPLICATION IS DENIED, you will be notified at the # listed on your application.  The application charge is non-refundable.

 IF YOUR APPLICATION IS APPROVED, you will be notified at the number listed on your application.  If 221 Property Services, Inc. is unable to reach you at the number listed on your application within 24-48 hours of submittal, it will become the responsibility of the applicant to reach 221 Property Services, Inc.  Once 24 hours has lapsed 221 Property Services, Inc. may continue to market the unit as available and will process the next applicant for the property in the number one position.

You will need to execute a Deposit to Hold Agreement within 24 hours of notification that you have been approved, and will submit a deposit equal to one to two months rent which shall insure your execution of the rental agreement (BY MONEY ORDER ONLY).  If you do not complete the Rental Agreement as set forth in the Deposit to Hold Agreement, your deposit money will be forfeited.  When the Rental Agreement is executed, this deposit money shall be applied to monies owed, as noted on the Deposit to Hold Agreement.  If rental property is “Rent Ready” then you will need to submit the security deposit (equal to one to two months rent) & first months rent, execute the rental agreement of the rental property within 24 hours.

IF YOU APPLY FOR A PROPERTY THAT HAS AN APPLICATION IN FRONT OF YOU (first completed application, first served), YOUR APPLICATION WILL BE CONSIDERED AN “APPLICATION FOR PRE-APPROVAL” WHICH WILL BE GOOD FOR 60 DAYS (contingent on approval of your application).  It is your responsibility to watch the website or make contact with the office.

          INSURANCE: Occupant(s) are required to provide proof of renter’s insurance (copy of said insurance policy) with a minimum of $100,000.00 liability & 221 listed as an “interested party”. If your application is approved you MUST provide us with a copy of your renters insurance policy when you come into 221 to sign your lease/rental agreement. Occupants must maintain their own fire and theft insurance for their personal property and liability and coverage for damage caused by them or their guest’s negligence during their entire tenancy. (There are exceptions based on income in accordance with ORS 90.222).

INSURANCE EXCEPTIONS: If the household income of the tenant/s is equal to or less than 50% of the area median income, adjusted for family size as measured up to a five-person family, as determined by the State Housing Council based on information from the United States Department of Housing and Urban Development or if the tenant/s dwelling unit has been subsidized with public funds.

MAXIMUM OCCUPANCY: There is a maximum of two (2) occupants per bedroom plus one.

We do not accept co-signers.

 

Revised 6/19/2020

Note to Potential Clients

The following information is subject to change. Prospect is responsible for verifying information & availability.


NOTE: A $40.00 per-applicant Application Charge IS REQUIRED, PAYABLE UPON SUBMITTING APPLICATION. Application Charge must be in the form of a money order or cashiers check - no personal check or cash will be accepted. Landlord references, credit history & source of income/employment are verified. Smokers will be charged an additional fee. Properties which allow pets will be charged a monthly pet rent. ALL DATES of availability are approximates-exact date is contingent upon when the keys are returned and the home is ready to re-rent.


The "available soon" properties are still occupied by tenants and require an appointment to view.