Application Process & Qualification Standards

Phelps Brady Leasing — Residential Rentals

Thank you for your interest in renting one of our properties! Below you will find the details of our application process and qualification standards.

Application Process

  • Each person 18 years of age or older must submit a separate application with a non-refundable application fee
  • Incomplete applications will not be processed; false information will result in immediate disqualification
  • Application processing typically takes 1–3 business days
  • Our investigation may include contacting employers, landlord references, law enforcement and government agencies, consumer reporting agencies, and eviction records
  • Applicants have the right to obtain a free copy of any consumer report if the application is denied

Deposit to Hold

  • A deposit equal to one month's rent (or another agreed upon amount) is required to hold the property
  • The deposit must be received within 48 hours of approval
  • This deposit is non-refundable
  • The deposit will transfer to the security deposit after all move-in requirements are completed

Move-In Requirements

  • Security deposit and prorated rent or first month's rent and additional fees must be paid prior to move-in
  • All utilities must be transferred to the tenant's name with proof provided
  • Proof of renter's insurance required
  • Lease must be signed by all parties

Qualification Standards

  • Valid photo ID and Social Security number required for all applicants
  • Monthly income must exceed 2.25x of monthly rent from verifiable sources
  • Positive references from previous landlords required
  • No prior evictions or unpaid judgments
  • Minimum credit score of 650
  • Background check required for all applicants 18 years of age or older
  • Maximum occupancy of 2 people per bedroom

Note: Compensating factors may be considered. Additional deposits or a co-signer may be required at the landlord's discretion.

Questions about the application process? We're here to help.

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