FAQs & General Requirements for Tenancy
- Applicants with poor credit history will not be accepted. Typically, accepted tenants have credit scores of ~625 or above.
- Total combined income for the person(s) leasing the property is 3x the monthly rent.
- First month's rent, last month's rent, and security deposit are required to move in - 3x the monthly rent. Please note that upon lease signing all funds (first month, last month, and security deposit) will be due within 4 business days to our property manager (PMR) by certified check or money order.
- Must have a clean eviction and criminal history.
- If you do not meet the above requirements, you will either be asked for a co-signor to apply with you or you will be declined.
- Pets are allowed on a case-by-case basis and information must be included in the application. There is a non-refundable pet deposit as well as pet rent.
APPLICATION PROCESS
1. You must first schedule a showing and you (or a representative for you) must attend an open house for the property you are interested in. We will not accept an application without you or someone viewing the property. You may view a list of our available properties and schedule a showing by clicking here.
2. After you have scheduled and attended a showing, you will be sent a follow up e-mail shortly after your showing with more information on how to apply and additional documentation that is required.
3. Property Management Redefined a.k.a. PMR (gopmr.com) is our property manager. You will be applying via their website. If we approve you as a tenant, you will receive a welcome e-mail from us and PMR regarding more information about move-in. You will be expected by PMR to obtain renter's insurance, transfer utilities to your name prior to move-in, electronically sign the lease, and provide them with move-in funds.
4. Application fees are non-refundable and are processed on a first-come, first-served basis. The first applicant who passes our screening process and provides all required documentation will be offered a lease. If that applicant fails to sign the lease or provide documentation in a timely manner, the next applicant that passed the screening process will be considered.
Also, please remember to send the following information for each applicant to [email protected] along with your application. Your application will not be processed without also sending this information to [email protected]:
1) Copy of Valid Driver’s License or government-issued photo ID - front & back
2) 2 months worth of Pay Stubs (If you are not employed, provide proof of your income)
3 Documentation of any additional income stated on your application.
4) Signed Consumer Notice - One per household. Link at the top of the application page.
______________________________________________________________________________________________________________________________
Below are some additional guidelines we use when considering tenancy.
GENERAL GUIDELINES
RESIDENCE/RENTAL HISTORY
INCOME/EMPLOYMENT HISTORY
FINANCIAL/CREDIT HISTORY
LEGAL/CRIMINAL HISTORY
UNIFORM SCREENING CRITERIA AND RELATED DISCLOSURES
As per Philadelphia bills 210329-A & 210330-A, Raza Homes LLC has adopted the following prospective applicant screening policies:
- Applicants with poor credit history will not be accepted. Typically, accepted tenants have credit scores of ~625 or above.
- Total combined income for the person(s) leasing the property is 3x the monthly rent.
- First month's rent, last month's rent, and security deposit are required to move in - 3x the monthly rent. Please note that upon lease signing all funds (first month, last month, and security deposit) will be due within 4 business days to our property manager (PMR) by certified check or money order.
- Must have a clean eviction and criminal history.
- If you do not meet the above requirements, you will either be asked for a co-signor to apply with you or you will be declined.
- Pets are allowed on a case-by-case basis and information must be included in the application. There is a non-refundable pet deposit as well as pet rent.
APPLICATION PROCESS
1. You must first schedule a showing and you (or a representative for you) must attend an open house for the property you are interested in. We will not accept an application without you or someone viewing the property. You may view a list of our available properties and schedule a showing by clicking here.
2. After you have scheduled and attended a showing, you will be sent a follow up e-mail shortly after your showing with more information on how to apply and additional documentation that is required.
3. Property Management Redefined a.k.a. PMR (gopmr.com) is our property manager. You will be applying via their website. If we approve you as a tenant, you will receive a welcome e-mail from us and PMR regarding more information about move-in. You will be expected by PMR to obtain renter's insurance, transfer utilities to your name prior to move-in, electronically sign the lease, and provide them with move-in funds.
4. Application fees are non-refundable and are processed on a first-come, first-served basis. The first applicant who passes our screening process and provides all required documentation will be offered a lease. If that applicant fails to sign the lease or provide documentation in a timely manner, the next applicant that passed the screening process will be considered.
Also, please remember to send the following information for each applicant to [email protected] along with your application. Your application will not be processed without also sending this information to [email protected]:
1) Copy of Valid Driver’s License or government-issued photo ID - front & back
2) 2 months worth of Pay Stubs (If you are not employed, provide proof of your income)
3 Documentation of any additional income stated on your application.
4) Signed Consumer Notice - One per household. Link at the top of the application page.
______________________________________________________________________________________________________________________________
Below are some additional guidelines we use when considering tenancy.
GENERAL GUIDELINES
- Each adult (18 years or older) must complete and sign an application and apply for a background check.
- Occupancy is based on the number of bedrooms per unit. Maximum occupancy is at the discretion of management, but no more than two persons (of any age) per bedroom.
- No Smoking on the premises.
- No Drugs. Sorry, illegal drugs are not allowed.
- Inaccurate, false or misleading statements made verbally or on the application will result in denial.
- If approved to rent, applicant must be able to pay first month rent, last month rent, and security deposit at time of move-in. Payments must be made with certified funds.
- If a cosigner is required (due to low credit or lack of rental history), the cosigner will generally be required to fully meet all rental requirements.
- Management reserves the right to deny any applicant with a negative personality, or rude behavior.
RESIDENCE/RENTAL HISTORY
- We will examine recent residence history and we do require a housing reference.
- If no references are available other than from parents/relatives, we may require a cosigner.
- Rental history reflecting any unpaid past due rent, damages or fees will result in denial.
- Rental history showing excessive property damage, excessive noise, or unruly behavior will result in denial.
- Eviction or unlawful detainer action which has been resolved with full restitution may be approved with additional security deposit. Multiple evictions will result in denial.
- Long term rental history or home ownership is favorable.
- If residency was out of state within the last five years, an additional fee may be necessary to conduct an out of state background check.
INCOME/EMPLOYMENT HISTORY
- We will examine two years of income history. We will not consider unverifiable income.
- We require sufficient and stable sources of income, equal to at least 3x the monthly rent.
- To verify income, we may request documentation such as pay stubs, benefit award letters, bank statements, retirement accounts, and tax returns.
- Long term employment history in the same job or profession is favorable. Short term, temporary or seasonal employment may qualify with additional security deposit.
- Self-employed individuals must be able to verify their income through tax returns or bank statements.
- Retired and unemployed individuals must be able to demonstrate they have sufficient resources to pay living expenses.
FINANCIAL/CREDIT HISTORY
- No outstanding debt to previous rental property owners.
- No outstanding debt to utility companies.
- No outstanding debt in excess of $1,000 that is not in a payment plan.
- No excessive monthly financial obligations.
- Lack of credit history or marginal credit history may result in additional security deposit, or a denial.
- Derogatory credit (past due accounts, collections, charge off accounts, tax liens, judgments in excess of $100 and/or bankruptcy) may result in additional security deposit, cosigner requirement, or denial.
LEGAL/CRIMINAL HISTORY
- Criminal offenses (misdemeanor or felony) of a violent nature against either person or property will result in denial.
UNIFORM SCREENING CRITERIA AND RELATED DISCLOSURES
As per Philadelphia bills 210329-A & 210330-A, Raza Homes LLC has adopted the following prospective applicant screening policies:
- Raza Homes LLC provides a uniform rental screening criteria, posted on our website, which specifies all objective and subjective criteria that we use to review rental applications.
- Raza Homes LLC reviews each application in its entirety and based on a specific individualized assessment based upon our uniform screening criteria.
- Raza Homes LLC does not discriminate based on: race, ethnicity, color, sex, sexual orientation, gender identity, religion, national origin, ancestry, disability, marital status, age, source of income, familial status, or domestic or sexual violence victim status.
- Raza Homes LLC makes sure to provide any denied applicants an email setting forth a plain statement of all reasons for the denial of the application, including a copy of any documents for the purpose of the application, to the extent permitted by law.
- Raza Homes LLC does not consider the prohibited screening criteria of:
- Credit information based upon a failure to pay rent or utility bills during COVID-19 emergency periods. ***Please inform us if any of these criteria apply to your application.***
- Eviction records based upon: (a) any eviction proceeding pursuant to Pennsylvania law, or other equivalents in other states, that did not result in a judgment in favor of the plaintiff; or (b) any sealed record of an eviction proceeding; or (c) any eviction judgment against the applicant that has been vacated or marked satisfied pursuant to Pennsylvania law; or (d) any eviction case filed, or eviction judgment that was entered, four or more years before the application to rent was submitted; or (e) an eviction proceeding brought against the applicant during the Covid-19 emergency period, other than an eviction based on violent or dangerous criminal activity that resulted in a judgment against the tenant; or (f) any eviction proceeding where a judgment by agreement is currently in place, or where the judgment by agreement has been marked satisfied or vacated, or is otherwise resolved. ***Please inform us if any of these criteria apply to your application.***