Application Criteria / Application Process

Interested in Completing A Tenant Application?

Ready to fill out a tenant application? Completing the tenant application process for a rental home has never been easier! Our process is completed online using state-of-the art property management software. This way, you can do it whenever and wherever you can!

For the tenant application process, we welcome all applicants, and support equal access and Fair Housing laws. Palomar Property Services will not refuse access to any housing, accommodation, or other interest in property or otherwise discriminate against an applicant on the basis of age, sex, race, religion, marital or familial status, physical or mental handicap, color, creed, ethnicity, national origin or sexual orientation.

Application Process and Requirements:

Every person over 18, who will reside at the rental property, must be named on the lease and complete and submit a rental application and pay a $35.00 application fee. Each application must be filled out completely and accurately. An incomplete application will not be processed.

Income:

Income must be verifiable and must meet the following criteria:

• Total household gross monthly income must be at least two (2) times the amount of monthly rent (i.e. $2000/month rent x 2 = $4000/month or $48,000 / year minimum income).
• Examples of income include, but are not limited to: wages, salaries, tips, Social Security benefits, retirement, pension or savings accounts, stocks, bonds, child support or alimony payments, unemployment benefits, or public assistance.
• Savings and brokerage accounts may be considered in lieu of active employment with verification of bank balances (savings, checking, money market, certificates of deposit) totaling at least four times the annual rent (4 x annual rent).

Proof of Income:

Written proof of income must be provided in one or more of the following forms:

• Written offer letter from employer indicating salary and start date (if employment is new and has not yet started).
• Two most recent pay stubs from your place of employment.
• Letter of benefit assignments from a 3rd party bank, life insurance company, or government source of benefits paid.

For self employed individuals:

• Two most recent complete Federal income tax returns (signed) and two most recent bank statements, both business and personal.
• If sole proprietor, include two most recent Federal Schedule C forms, indicating self employment income; If corporation or partnership, attach two most recent K-1 statements showing owner share of cash distributions from your business. Also the two most recent bank statements, both business and personal.

Housing History:

Three years of previous residential history and contact information for previous landlords or property managers must be provided. Positive references from previous landlords and/or homeowners may be required. The following items may disqualify rental acceptance or be grounds for denial of an application:

• Previous unlawful detainer (eviction) lawsuit or default (failed to perform) on any obligation of a rental agreement or lease (i.e. late payments, NSF checks, noise complaints, or any negative reference).
• Outstanding balance owed to previous or current landlord.
• Water bed, an aquarium or any other water filled furniture.

Credit History:

All applicants must provide their social security number and submit for a credit history check. The following items may disqualify rental acceptance or be grounds for denial of an application:

• History of or current bankruptcy proceedings.
• History of delinquent payments or high credit balances on multiple credit accounts.
• Credit score of less than 650 in any of the major credit reporting agencies.
• Unpaid bills referred to collections agency.
• History of numerous NSF checks.

Credit history will be weighed in conjunction with all other rental criteria. Landlord reserves the right to deny any applicant based solely on a history of any delinquent credit activity.

Identification:

All applicants must provide a government-issued photo ID.

Pets and Animals:

Animal policies vary from one property to another. Any pet/animal to be considered as part of the application process will be subject to a pet screening of $20 for one pet, $15 for the second pet (maximum two pets per household). Applicants must be prepared to provide a photo of the pet/animal, pet’s name, breed, weight, veterinarian name and vaccine information, age of pet, as well as other information requested as part of the application process, by registering each of their pets here.

Special consideration will be given to Service Animals that are registered and certified by documentation to assist a tenant with special medical or emotional needs (proper and current documentation will be required for verification as part of the screening process). As a standard policy, Palomar Property Services will provide reasonable accommodations and follow HUD guidelines regarding assistance animals.