Building Stronger Communities.
Leading With Integrity.

Fortified Property Solutions
Rental Criteria

This procedure applies to all new applicants. All adults living in the household must be screened for credit/criminal and are required to be a Lease holder, unless they are being claimed as a dependent on the tax return of the main applicant.

The following screening procedures and review processes are used in determining your eligibility:

• Income Verification - Rent to Income Ratio (ability to pay rent)
• Landlord Verification
• Credit History
• Criminal History
• Foreign Applicant Processing
• Occupancy Standards

1. 
   INCOME VERIFICATION (ABILITY TO PAY RENT) - Third-party written verification of all income sources will be required to determine your eligibility.
   • ​​​Sources of Income Verification: alimony/child support, other income, pension benefits, social security income (SSI), unemployment benefits, student loan/grant verification, and welfare benefits (AFDC), etc.
   • Employment Verification: You must provide your last two pay stubs, or you must provide three months of bank statements, savings account statements, or retirement documents.
     • ​If you are transferring from another state for a new job, you will need to provide the written offer letter from your new employer as verification.
     • If you are paid in cash, you will need to provide a notarized letter from your employer stating that you are paid in cash and how much you make per week.
   • ​Self-employed Verification: If you are self-employed, you must provide the last 2 years of your tax returns.
     • ​Eligibility will be determined based on your gross income.
     • If it is a new business, you must provide proof of monthly gross revenues.
   • ​In determining income eligibility, please see the following:
     • ​You are required to have income of 2.5 times the monthly market rent.
     • If you require a cosigner for income eligibility, they must make 4 times the monthly rent to qualify as your cosigner.
       
2. ​​LANDLORD VERIFICATION - You must provide the last 2 years on residency on your rental application. The following criteria will be used to determine your eligibility.
   • ​If you have owned a home, payment history on credit report can be used if payment history shows current for 2 years. If your homeownership does not show on credit report, you can provide a title deed or an official document in your name to show proof of mortgage paid off.
   • Any instance of you leaving a prior residence where you have a current, unpaid balance will result in automatic denial. If balance has been paid, an additional deposit/bond will be required.
     • ​Proof by landlord of balance paid in full will be required for review.
   • ​Any eviction judgement on you from a prior residence will result in an automatic denial.
     
3. ​CREDIT HISTORY - Your credit report will be reviewed to determine the history of your payment practices including utilities, outstanding loans, judgments, repossessions, foreclosures, bankruptcy, etc. The following specifications will be used as a benchmark in reviewing your credit report:
   • ​Your last 2 years of addresses will be verified against the Rental Application.
   • Your place of employment and employment dates will be verified against the Rental Application.
   • Your credit history will be reviewed as follows:
     • ​Credit scoring is calculated using SafeRent Solutions, and approvals are based on the program setup by the property.
     • Any collection from an apartment community within our pre-determined amounts and years in SafeRent Solutions will be an automatic denial.
       
4. ​​CRIMINAL HISTORY - Criminal Background checks are required for all adults living in the household. A decision will be automatically generated by SafeRent based on the criteria Fortified Property Solutions has set forth.
   
5. FOREIGN APPLICANT PROCESSING - This manual processing will be used for ALL Non-U.S. citizen applicants.
   • ​You are required to have a SS or ITIN number which will be used when processing your application in ResMan and SafeRent Solutions.
   • You are required to have a valid photo I.D. (International Passport or State I.D.).
   • A security deposit equal to two months' rent is required if you are processed this way, where allowed by law in each state.
     
6. STANDARDS - In determining initial eligibility, the occupancy limits per apartment type are as follows:
   • ​Studio Apartment: One (1) person
   • One Bedroom Apartment: Three (3) persons
   • Two Bedroom Apartment: Five (5) persons
   • Three Bedroom Apartment: Seven (7) persons
   • Four Bedroom Apartment: Nine (9) persons