RENTAL QUALIFICATIONS

Income Requirements:

  • Net Income must be at least three times the monthly rental amount (this includes all sources of verifiable income combined from all parties applying).
  • All income must be verifiable and truthful in nature.
    • Unverifiable income includes child support, business income without a tax return, and gift money.
  • To verify applicant income, Greater STL Rentals relies on a third-party verification service. Accordingly, all applicants will receive an invitation to undergo screening for income, and application submittals are not considered complete until an automated income verification report has been received by the person processing your application.
  • We may request wage statements from your employer, signed tax returns, social security income, retirement income and investment income as legal sources of income.

Rental History:

  • Prefer 2 recent years of verifiable rental history in excellent standing (home ownership may apply). Verifiable means we must receive documentation of your rental history from a current landlord, past landlord or property management company. Friends and family will not qualify as landlord references.  Copies of checks filled out for rent, will not be considered verification. An additional deposit and/or co-signer may be requested if no verifiable rental history.
  • Any evictions, negative rental history or landlord actions within the past 2 years evident on the credit report or background check will be grounds for denial of an application.
  • Unpaid collections on a credit report associated with a rental may be grounds for denial. (ie. apartment/rental collections, utility collections).
  • Outstanding debt to a property management company or previous/current landlord may result in denial.
  • Current lease term must be fulfilled or must mature within 30 days of approved application

Credit History:

  • Credit scores are important, but we are more interested in what created the credit score.  A low credit score may be offset by strong rental and employment history. A high credit score may still be disqualified if applicants don’t meet other rental criteria.
  • Our guidelines for credit scores:
    • 650 to 800+ standard approval
    • 600 to 649 conditional approval
    • 530 to 599 possible denial, if approved would likely require additional deposit
    • Below 530 will most likely not be approved
  • Non-discharged bankruptcy action will result in disqualification for the rental property.
  • After a bankruptcy has been discharged, applicant may be required to show 1 year of positive established credit.
  • Credit will be reviewed. Some reasons for credit denial are too much debt to income, large judgments, utility collections, poor payment history. If no credit is available, you may ask if a co-signer and/or higher security deposit is allowable.

Criminal History:

  • Each applicant will have a criminal background check.
  • Residency may be denied due to a criminal record, although each applicant is considered on an individual basis.  The criminal record will be evaluated by the nature of the crime (s) and date (s), number and frequency of any conviction (s) and other criminal history and relevant circumstances.
  • Felony and misdemeanor convictions may result in denial.
  • Criminal histories noted on background check pertaining to weapons, drugs, arson, vandalism, forgery, burglary, violence or any other act that poses a threat to household, neighborhood, safety of others, vendors, Greater STL Rentals employees, or the physical property itself, may result in denial.

Other:

  • Falsified, inaccurate or incomplete information will result in disqualification for the rental property.
  • The application fee is $45 + $10 processing fee for every applicant/co-applicant over 18 years of age. Minimum standard lease is 12 months.

All references will be checked, including credit reports, eviction/landlord action background checks, criminal background, public records, employment verification and rental history.

We allow up to 2 pets in most properties with refundable pet deposit, pet screening and pet rent. Exotic and/or poisonous animals are not permitted. If you own a dog, you must show proof of Renter’s Insurance with general liability coverage and list Greater STL Rentals, LLC as additional insured. Pets must be spayed/neutered.  Vicious dogs or dogs with vicious history are not permitted. (Vicious dog breeds not permitted Akita, Rottweiler, Doberman Pinscher, Chow, German Shepherd, American Pit Bull Terrier, Wolf Hybrid, Pit Bull, Bullmastiff, Cane Corso, Bull Terrier, Staffordshire Bull Terrier, Presa Canario)

Greater STL Rentals, LLC strictly adheres to all fair housing laws. We do not discriminate against prospective tenants based on their race, religion, national origin, sex, familial status (such as having children under age 18) or physical or mental disability.

Equal Housing Opportunity