Rental Application Policy - Please Read Carefully:
Please submit a copy of your identification card and proof of income either by faxing them to (888)-777-3711 or emailing to email@example.com or to the main office located at 5723 W. Glendale Blvd, Glendale AZ 85301.
RENTAL APPLICATION POLICY: Arizona Property Management & Investments “Rental Application” forms are required from EACH applicant over 18 years of age who will be residing in the property. Arizona Property Management & Investments “Rental Application” form must be completed in its entirety, be signed by the Applicant (s), and be submitted with a $45 application fee* paid in certified funds; money order or cashiers check made payable to Arizona Property Management & Investments or paid on line via a credit or debit card. Property management staff will not process incomplete application(s), nor will the Applicant be considered for the available property and the he property will remain on the market.
* Application Fee For Married Couple Application Policy: Married couples with the same last name pay $45 application fee together. If you are applying as a married couple, both last names must match or the single application fee $45 per applicant will apply. Please do not apply as a married couple if both last names do not match. This will only delay your application and may forfeit your non-refundable application fee.
PERSONALLY VIEW THE PROPERTY: Arizona Property Management & Investments does not rent properties “Sight Unseen” and requires EACH Applicant over 18 years of age who will be residing in the property to personally view the property prior to submitting a Application for said property. Applicants who have not viewed the property prior to submitting an application will not be considered for the available property by Arizona Property Management & Investments.
RENTAL POLICY AGREEMENT: Arizona Property Management & Investments “Rental Policy Agreement” is required to be read and signed by EACH Applicant over 18 years of age who will be residing in the property. By signing the “Rental Policy Agreement” the Applicant is acknowledging having read the Rental Policy Agreement and is agreeing to abide by Arizona Property Management & Investments rental policies, procedures, and the terms set forth therein.
EARNEST DEPOSIT: An earnest deposit equal to fifty percent (50%) of the listed monthly rental rate is required once the Applicant/Applicants have been approved. The amount of earnest deposit may vary from each property. However, the earnest deposit will never be less than $500.00. This earnest deposit is non-refundable should the tenant not take possession of the property on the date designated on the rental agreement. Methods of payment for the Earnest Deposit must be paid in certified funds; money order or cashiers check made payable to Arizona Property Management & Investments.
Applicant understands that once the application has been approved, an earnest money deposit is required for taking the property off the market. It will be deposited in the Arizona Property Management & Investments Trust Account. Once the property owner approves the Applicant and the rental agreement is executed, the Ernest Money deposit will be credited to the required security deposit. Said deposit will be NON-REFUNDABLE if the Applicant fails to take occupancy on the date specified or decided that he/she no longer wants the property. Cashier’s check or money order is required for payment of the deposit(s) and the first month’s rent.
Applicant understands that once the rental agreement has been fully executed and the earnest deposit has been received, the property will be taken off the rental market and reserved for the Applicant. At this point, other potential Applicant(s) will be turned away.
Applicant understands that submitting an Application does not take the home off the market. We process the applications in a first come first qualified basis and do so without haste. If we are unable to verify any of the information contained on the “Rental Application”, it will delay the whole process and someone else might get the home instead.
CREDIT CHECK/PROCESSING FEE AND VERIFICATION POLICY: Please be advised that Arizona Property Management & Investments will obtain, on behalf of the owner, a credit and criminal report for EACH Applicant over 18 years of age who will be residing in the property. By signing the “Rental Application” form and “Rental Policy Agreement”, the Applicant authorizes Arizona Property Management & Investments and/or agent(s) to obtain credit, criminal, eviction and sex offender report(s), to contact Applicant’s present and previous employer(s), bank(s), personal reference(s) and Applicant’s presents and previous landlord(s).
Applicant agrees to reimburse Arizona Property Management & Investments for any and all bank charges, or any fees incurred due to the payment on a cashiers check or money order or credit/debit card being intentionally stopped or returned due to insufficient funds.
Arizona Property Management & Investments uses an outside agency/vendor for the processing of all application packages. Generally, during normal business hours, the credit report is obtained within one (1) hour after processing has begun. The lengthiest part of the application process is reference verification, so, if Applicant knows that one or more of their references may be difficult to contact, please let Arizona Property Management & Investments know in advance or perhaps provide alternate contacts telephone numbers. Additionally, if there is anything negative on the Applicant’s credit history or if Applicant’s employer, present, and or/previous landlord(s) would not recommend the Applicant as a resident, then, please provide a detailed explanation with the completed application package.
APPLICATION FEE: Arizona Property Management & Investments requires a payment of $45.00 per Applicant over the age of 18, which is to be used to screen Applicant’s with respect to credit history and other background information and to off-set a portion of the costs associated with the processing of the Applicant’s application.
If an actual credit report has been processed for the Applicant, the credit check(s) fee will not be refunded for any reason. If an actual credit report has not been processed for the Applicant, the credit check fee will be refunded within ten (10) business days from the date of deposit into the Arizona Property Management & Investments account.
QUALIFICATION STANDARDS: Arizona Property Management & Investments reviews four (4) areas of the completed Application Package during the qualification process – Credit History, Criminal History, Rental/Ownership History and Income Level.
To qualify for the available property with Arizona Property Management & Investments, Applicant must have a minimum of: Two (2) years established credit history in good standing, Two (2) years verifiable references from present and previous landlord and Gross income of approximately (3) three times the monthly rent amount.
Married couples and related residents over 18 may combine income. All non-related persons should apply individually. We must be able to verify employment history. If you are self-employed, we will need tax returns for the last 2 years or verification of income through bank statements.
When an employment reference or department does not verify employment or salary earnings proof of employment may be established by providing the last two (2) consecutive pay stubs. If you are combining incomes to qualify, please provide a source of income for each Applicant. Proof of income may be established by providing a copy of the offer letter of employment from the Applicant’s new company or by providing bank statements with balances equivalent or greater than the gross income requirement listed above.
CURES: If the Applicant does not meet the above qualifications standards, in some cases, the following cures may be used at the sole discretion of Homeowner (with owner’s written consent) only.
Guarantors/Co-signers, in some cases, may be used to cure negative credit, insufficient gross monthly income (within $1,000.00) of required amount), little or no rental history, or lack of stable income for six (6) months or longer. A Higher Security Deposit no more that 1+1/2 times the rental amount, in some cases, may be used to cure negative credit, insufficient gross monthly income (within $1,000.00 of required amount), little or no rental history, or lack of stable income for six (6) months or longer.
If the Applicant knows they have something derogatory in their application package, please be prepared to pay a higher security deposit or provide a guarantor. Applicant(s) should not submit an application unless they are certain they want the property.
BANKRUPTCY, EVICTIONS, JUDGEMENTS AND THE LIKE: Bankruptcy- may be cured with a guarantor or higher security deposit if the bankruptcy has been discharged or has occurred at least seven (7) years ago and all current obligations have been paid in a timely manner. Eviction – Applicant may not qualify for a property with Arizona Property Management & Investments if they have ever been evicted; Evictions will be reviewed on a case-by-case basis and will only qualify with owner’s written consent. Judgments – If Applicant has any judgment(s), Applicant will be required to pay the judgment amount in full, provide proof of payment and may be required to provide a guarantor and/or higher security deposit amount.
GUARANTOR QUALIFICATION POLICY: To qualify as a Guarantor for an Applicant with Arizona Property Management & Investments, Guarantor must have five (5) years of excellent to good credit history. Guarantor will not qualify as a Guarantor with a negative credit history. Additionally, Guarantor must have at least five times (5X’s) the monthly rental rate in verifiable gross income. All income must be verifiable and must have been stable for at least six (6) months or longer.
FIRST MONTH’S RENT POLICY: The first (1st) month’s rent will be due and payable at the time the tenancy agreement is signed and is a pro-rated rental amount based upon the tenancy agreement start date. Payment for the first (1st) month’s rent must be paid by certified funds (cashiers check or money order ONLY!), made payable to Arizona Property Management & Investments within two (2) business days of approval of the Applicant’s application.
SECURITY DEPOSIT POLICY: Arizona Property Management & Investments, standard security deposit is generally equal to one month’s rental rate, which will be due upon move-in less the earnest deposit already received. All deposits must be paid in full upon move-in and by certified funds (cashier’s check or money order ONLY!) , made payable to Arizona Property Management & Investments. The security deposit is not to be used as last month’s rent.
ACEPTANCE OF APPLICATION/VERBAL APPROVAL/LEASE SIGNING
If Arizona Property Management & Investments approves Applicant, Applicant agrees to execute Arizona Property Management & Investments Tenancy Agreement and all incorporated addenda for the property within two (2) business days of verbal approval and agrees to pay the first (1st) month’s pro-rated rent and earnest deposit. Applicant agrees that ALL parties to the Tenancy Agreement [excepting any Guarantor(s)] be present together at one specified time during Arizona Property Management & Investments, normal business hours which are Monday through Friday from 9:00am to 5:00pm to sign the Tenancy Agreement. Applicant(s) understand that Arizona Property Management & Investments will not perform Tenancy Agreement signing via fax, mail or overnight service. Applicant understands that if Applicant does not execute Arizona Property Management & Investments’ Tenancy Agreement within two (2) business days of verbal approval, Arizona Property Management & Investments, may consider another Applicant.
OFFERS: Should Applicant desire to place an offer on an available property, said offer must be in writing and submitted with the completed application packet. Arizona Property Management & Investments will review the offer before processing the application and will contact the Applicant of the result of the offer. Please note that the entire Application packet must be submitted with the offer– prior to any negotiations taking place. Offers requested after approval of the application will be declined.
DENIED/DECLINED POLICY: Should the Applicant’s application be declined by any reason, the Applicant will be notified by telephone or in writing via mail to the current address listed on the application or via email.
LEGAL ACTION: Note that the binding rental agreement will be subject to Arizona Property Management & Investments’ acceptance of Applicant’s application packet, and subject to Arizona Property Management & Investments and Applicant entering into Arizona Property Management & Investments’ Tenancy Agreement. However, this Rental Policy Agreement will be binding upon execution by Arizona Property Management & Investments and Applicant. If any legal action or proceeding is brought by either party to enforce any part of this Rental Policy Agreement, the prevailing party will recover, in addition to all other relief, reasonable attorney’s fees and costs.
PET REGULATIONS: Policies on pets vary according to the property. However, none of the properties permit cats and the following breeds of dogs that may prevent a homeowner from securing homeowner's insurance: Akita, Alaskan Malamute, chow chow, Doberman pinscher, German shepherd, American pit bull terrier, Presa Canario, Rottweiler, Siberian husky, Staffordshire bull terrier and wolf dogs, also known as wolf hybrids or near relatives. (Exceptions: Assistive Animals Only). Pet deposits are strictly enforced. Pet Deposit is $250 non-refundable pet fee per pet up to maximum of two pets per property with the written consent of the property owner.
CLEANING DEPOSIT: Cleaning deposit is a minimum of $300 depending on the property and is refundable when the tenant(s) move out upon satisfactory return of the property to the landlord.
LEASE ADMINTRATION FEE: Tenant pays $200 non refundable lease admin fee upon signing the lease agreement.
EQUAL HOUSING OPPORTUNITY PROPERTY: We do Business in Accordance with the Fair Housing Act. (The Civil Rights Act of 1968, as amended by the Fair Housing Amendments Act of 1988). IT SHALL BE ILLEGAL TO DISCRIMINATE
AGAINST ANY PERSON BECAUSE OF RACE, COLOR, RELIGION, SEX, (PHYSICAL OR MENTAL) DISABILITY, FAMILIAL STATUS (HAVING ONE OR MORE CHILDREN), OR NATIONAL ORIGIN. In the sale or rental of housing or residential lots, In advertising the sale or rental of housing, In the financing of housing, In the appraisal of housing, In the provision of real estate brokerage services, Blockbusting is illegal Anyone who feels he or she has been discriminated against should send a complain to: U.S.Department of Housing and Urban Development Assistant Secretary of Fair Housing and Equal Opportunity, Washington,D.C. 20410