Rental Criteria

Rental Criteria

A Tenant Screening fee of $25.00 (cash or certified check only) per applicant must be paid before verification of credit can begin. If applicants(s) are not accepted for any reason, fees paid are non-refundable. A photo ID (drivers’ license, military, or any other governmental ID) must be submitted. Each person 18 years of age and older must complete and sign an application, and only the applicants can reside in the property. Your application will not be processed without the correct funds and all documentation attached.

We will not rent to tenants who have prior evictions on record, bankruptcy in the last 3 years, bad credit reports or unfavorable references. If more than 2 accounts are recorded as “30 days late” or there is no credit history, there may be an additional security deposit.

All applicants must fill out their application completely, legibly, and accurately. Incomplete or falsified applications will be denied.

Credit Report: Each applicant must have a good credit and bill paying history. We do not accept credit reports from other companies or applicant supplied reports.

Rental History: Rental will be verified with current and previous landlords in writing by us. Each applicant must have good rental history and no unlawful detainer (eviction) filings. In the event there is an unlawful detainer on the report, and is disputed by the applicant, it is the responsibility of the applicant to prove it’s accuracy within 24 hours. If you have not rented recently, and have owned or recently sold your home, please provide proof of ownership, ie last mortgage statement or escrow closing statement.

Employment: Present income and employment of each applicant will be verified in writing by us. Continuous employment of at least 2 years is required. We require three times the amount of rent as a minimum in order to qualify. Copies of last months pay stubs is required for verification. Self-employed applicants must provide two years tax returns, all schedules, and showing required amount of income. Bank statements and other documents alone are not acceptable. Applicants with retirement, government, and any income not verified by us are required to supply proof of said income. All income sources must be verifiable.

Additional Verification: An additional form of current or previous address is required. Please provide a copy of a utility bill, any kind of telephone bill, or bank or credit card statement indicating current address.

Occupants: All applicants 18 years of age and over must submit applications, and if approved, sign the rental agreement. All potential occupants must be named regardless of age. A copy of state or federal issued photo identification must be included with application, along with copy of social security card.

Pets: Pets are not accepted except with a written pet agreement only in specific properties where pets are an option. An additional security deposit may be required. A pet application is required if accepted.

Acceptance: All applicants are processed for final approval once a complete and signed application, supporting documentation, rental verification, and employment verification of all applicants must be submitted before final approval. Aggressive or uncooperative behavior is cause for rejection of application. Failure to comply may result in the selection of another applicant. All requested documentation must be provided with in 72 hours of submission of application. Failure to do so is grounds for rejection of the application. A rejected application may not reapply for a period of six months. If one or more applicants do not qualify, we will not rent to the remaining applicant(s).

Do not fax or email applications. Applications are only accepted in person with application fee.

Silicon Bay Property Management Incorporated supports the spirit and intent of all local, state, and federal fair housing laws for all residents without regard to color, race, religion, sex, marital status, mental or physical disability, age, familial status, sexual orientation, or national origin

Click here to get an application form set.