North River Properties LLC / T 423.364.0028 / thomasmdemoss@gmail.com

*Disclosure Statement* Thomas DeMoss is a licensed real estate agent with Keller Williams Realty Greater Downtown located @ 202 Manufacturers Road Chattanooga, TN 37405 Office #(423) 834-7321. North River Properties LLC is in no way affiliated with Keller Williams Realty. 

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PROSPECTIVE TENANTS

Rental Requirements

 

  • Positive picture ID is required for all rental showings and rental applications. A copy of ID is required when submitting application.

  • Each applicant must qualify individually unless they are a married couple.

  • Applications must be filled out completely and signed by individual or both married spouses.

  • Student rental applications with no prior rental history will be required to have a lease co-signer.

  • All applicants under 21 will be required to have a lease co-signer.

  • Must pay a $30.00 application fee prior to processing of rental application.

  • Approved rental applications will hold the rental unit for 24 hours, for applicant(s) to sign lease agreement, after 24 hours we will continue to market the property for rent.

  • Applicants must be at least eighteen (18) years old to enter into a lease agreement.

  • Pet fees (for approved locations only) are required at time of lease signing.

 

Tenant/Ownership History:

  • Three years verifiable residence history from a third party landlord is required or a co-signer may be required.

  • Home ownership shall be verified by submittal of tax assessor’s statement or by credit report.

  • One (1) or more three-day notice (pay rent or vacate) from past landlord will result in denial.

  • Two (2) or more NSF checks in past two years will result in denial.

  • Rental history reflecting any unpaid past due rent or damage balances owed to past landlord or management will result in application denial.

  • Any past unlawful detainer action or eviction will result in denial.

  • Any rental history upon which previous landlord or management refuses to re-rent to applicant will result in denial.

  • Rental history reflecting property damages, not paid for, will result in denial.

  • Rental history reflecting past disturbance of the peace complaints may result in denial.

  • Rental history reflecting pet violations will result in denial.

 

Income Guidelines:

  • Income Guidelines may be waived for full time student applications or a co-signer may be required.

  • Monthly gross income must equal approximately three (3) times monthly rent.

  • If the monthly income does not equal approximately three (3) times the monthly rent, an additional one month's prepaid rent or qualified co-signer may be required.

  • Co-signer's income should equal five (5) times monthly rent.

  • Unemployed individual(s) applications will need to provide some form of verifiable income source.

  • Tax returns, bank statements, paychecks, or employer confirmation are acceptable income verifiers and must be submitted with application.

  • Non-married roommates are jointly and severable (individually) liable for all rents due on rental unit.

 

Credit Requirements:

  • Good credit is favorable, but not required.

  • The non-existence of an credit rating may result in denial or require a lease co-signer.

  • Outstanding bad debt(s) being reported on credit history report may result in denial or require an additional month(s) pre-paid rent.

  • Collections on credit report may result in denial or require an additional month(s) pre-paid rent.

  • Non-discharged bankruptcy(s) & Discharged bankruptcy(s) on credit report may result in denial or an additional month(s) pre-paid rent. Please disclose if you have filed for any type of bankruptcy before filling out application! 

 

Automatic Application Denials:

  • Registered sexual predators or offenders.

  • Any felony offense.

  • Any criminal conviction where the applicant has been out of jail less than 10 years.

  • Any criminal offense of physical or violent nature against people or property.

  • Collection efforts filed by past landlord or property management companies.

  • Any past unlawful detainer action or eviction.

  • Incomplete or unverifiable information on rental application.

  • Discrepancies between rental application and verified information.

  • Any rental history upon which previous landlord or management refuses to re-rent to applicant(s) will result in denial.