Rental Application Policy and Procedure

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Thank you for applying with Park Place Property Management, CRMC for your housing needs. In order to best serve you, we feel it is imperative that you are made aware of and fully understand our application policies and procedures.

Please read this page carefully before completing the application. It is the policy of this management company that applications must be complete and all fees paid prior to submission for consideration. All completed applications are processed on a daily basis (Mon-Fri).

A complete application will contain:

1. Completed Park Place Property Management application (One for each individual 18 years and older)
2. $35 Application fee for each application submitted
3. Security Deposit to hold the property (Optional)

General Rental Criteria

Rental History

No Forcible Entry and Detainers (evictions) unless you have verifiable documentation of landlord irresponsibility. However, an FE&D due to property damage, unpaid rent, drug use, or any criminal activity by the resident will not be accepted under any circumstance.

No history of any damage to the residence, or an outstanding balance due to a previous landlord. If you have no prior rental history then you may be asked to provide a qualified co-signer ? the cosigner must fill out our application, have a good credit history, and be willing to sign the lease.

Verifiable Gross Income

Our income requirement is a minimum of two and one-half times (2.5 times) the rent charged on the residence. Section 8 vouchers and certificates may be accepted and are subject to approval of the property manager. Employment/income must be verifiable by property manager.

Criminal Background Check

Residency may be denied due to criminal history (see Criminal Background Criteria)

Credit History

Credit history should show that the resident has paid bills on time and does not have a history of debt write-offs or accounts that have gone into collection. Any money owed to a previous landlord or to any utility company is cause for denial. Residency may also be denied due to poor credit history.

Co-Signer

If a co-signer is required the co-signer must meet the following requirements:

• Co-signer must complete the application and pay the application fee
• Must meet all the same requirement as the applicant and also have a strong credit rating. (Strong credit is defined as a FICO Score of 700 or higher.)
• Verifiable income of at least 2.5 times the rent and their own rent or mortgage payment.

Criminal Background Criteria (If Applicable)

Disqualification From Residency For Lifetime

• First or Second Degree Murder
• First through Third Degree Assault
• Kidnapping
• First through Fourth Degree Criminal Sexual Conduct
• Arson
• Harassment and Stalking
• An Attempt to commit one of the above crimes
• A Conviction in another jurisdiction that would be a violation of the above crimes
• Any crime that would require applicant to register as a sex offender

Crimes That Disqualify For Residency For 7 Years After the Completion of Their Sentence

• Third Degree Murder
• Second Degree Manslaughter
• Criminal Vehicular Homicide or Injury
• Simple or Aggravated Robbery
• Any Felony Drug or Narcotics Convictions
• False Imprisonment
• Carrying a weapon without a permit or any other weapons charge
• Felony Theft
• Felony Forgery
• Felony Burglary
• Terrorist Threats
• Felony Controlled Substance
• An attempt to commit one of the above crimes
• A Conviction in another jurisdiction that would be a violation of the above crimes

Dog Breed Specific Policies

Please consider the following breeds "Unacceptable":

Service or companion animals that assist tenants with special needs will always be accepted, provided documentation is submitted. A pet deposit will not be charged for a service or companion animal.

Baby-sitting or care taking of any other person(s) animals or pets is prohibited.

Park Place Property Management, CRMC does business in accordance with the Federal Fair Housing Law. (The Fair Housing Amendments Act of 1988.) Agents understand that it is illegal to discriminate against any person because of race, color, religion, sex, handicap, familial status, or National Origin. This applies in the sale or rental of housing or residential lots. It also applies to advertising, the sale or rental of housing and the financing or appraisal process. In addition, blockbusting is illegal. To assure tenants or buyers that we do not discriminate we display the Equal Housing Opportunity posters in our office and have its logo printed on our application forms.

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