Rental Criteria
A) A separate application and credit fee of $45.00 is required of each Applicant who is 18 years of age and older.
B) Our Application Process requires your prior landlord(s) to complete a Rental History Verification form as a prerequisite to determining eligibility for occupancy. Once you have submitted your application we will send an electronic form to your prior landlord(s) asking them to answer straightforward questions that are in compliance with fair housing laws to verify your rental history. In order to expedite your application it is recommended that you too also reach out to your prior landlord(s) requesting they keep an eye out for the Rental History Verification form sent by The Comana Company and to please complete it as soon as they can.
C) PET SCREENING IS ALSO REQUIRED AS PART OF THE APPLICATION PROCESS FOR ALL APPLICANTS WITH OR WITHOUT PETS INCLUDING APPLICANTS WITH SERVICE OR ASSISTANCE ANIMALS. To help ensure ALL of our residents understand our pet and animal-related policies, we use a third-party screening service and require EVERYONE to complete a pet/animal profile or a no-pet profile. Please get started by selecting a profile category on our Pet Screening landing page fount at: https://thecomanacompany.petscreening.com/
D) To apply please be prepared to upload and attach color copies of your Driver’s License, Social Security Card and all forms of Verifiable Income. Failure to upload required documents will delay your application and may be cause for denial of Tenancy.
Our rental criteria includes the following:
• Gross income must be 3 times the monthly rent. Applicant income must be verified with recent paycheck stubs or vouchers and last three months bank statements. In the case of self-employed, prior two years tax returns and last three months bank statements. All stated income must be verified by uploading supporting documentation.
• Two years of employment history is required with a minimum of one year on the current job, or no more than two employers in the last two years. Exceptions are considered on a case-by-case basis with an acceptable explanation and strong offsetting factors.
• Credit report must contain at least one year of credit history and three trade lines. Stronger credit lines may be required for premium properties. No open delinquency, no judgments, liens, repossessions, etc. Any derogatory items must be fully and satisfactorily explained, isolated in nature, and completely resolved.
• Credit score of 699 or Higher. (Lower Scores will be considered on a case-by-case basis)
• Positive landlord reports from your current landlord and previous two landlords or last five years of tenancy are required. Positive reports include prompt rent payment, no damage to the property, no serious complaints or issues, no past monies due and proper notice upon leaving. Tenants with prior evictions may not be accepted.
• Tenants with a criminal conviction record may not be accepted. If a criminal conviction appears on your record, further information may be required upon request to assess if the type of conviction reveals itself as a potential risk to the safety of other residents and/or the property. Reasons of denial include, however are not limited to; felony convictions of burglary, robbery, assault, rape, arson, child molestation or other similar insidious acts of conduct within the last 7 years of disposition.
• Three personal references, including one that can be used as an emergency contact if required.
Reasons for denial may include but are not limited to: Past Eviction, Incomplete Application, Non-Response to Rental History Verification requests or Negative Reference from Current or Previous Landlord(s), any Falsified Information on your Application, a Collection or Judgment from your Current or Previous Landlord(s), a Non-Discharged Bankruptcy, Low FICO Score and Unverifiable income.
Applicant authorizes verification of all references and facts, including but not limited to current and previous landlords, current employer(s), personal references and Pet truthfulness. Applicant authorizes owner/agent to obtain unlawful detainer, credit report, FICO score, eviction, criminal, terrorist, sex-offender, employment and rental history background records. Applicant agrees to furnish additional credit and/or personal references or other documentation upon request. Applicant understands incomplete or incorrect information provided in the application may cause a delay in processing which may result in denial of tenancy.
Exceptions to the above will be considered on a case-by-case basis with strong offsetting factors and solely at the discretion of The Comana Company, Inc. and the property owner. If an application does not completely satisfy all of the requirements but sufficient explanations and offsetting factors are provided, it may be presented to the property owner for approval.
Submitting an application does not guarantee approval or that the applicant will be offered the rental property. Applications will be considered in the order received. Each application will be evaluated in accordance with the established rental criteria set forth above. The first applicant, in the order received, who completes the application process and satisfies all established rental criteria will be approved, subject to the continued availability of the rental property. Application processing may take up to two weeks depending upon the completeness of the information provided and the responsiveness of current and previous landlords, employers, and other third parties from whom Rental History, Employment Verification Questionnaires, or other supporting documentation may be requested. Delays caused by third-party verification may affect the time required to complete the application review.
If your credit report has been obtained and you are not selected to occupy the rental property, your application screening fee will not be refunded, as the fee covers costs incurred by The Comana Company for third-party screening services, including obtaining your credit report. Upon request, The Comana Company will gladly provide you with a copy of the credit report obtained in connection with your application.
Thank you for applying.
The Comana Company, Inc.
www.ComanaCompany.com
Cal BRE# 01473813
