Rental Criteria

Northwest Properties LLC
Summary of Rental Criteria


Income--The total combined monthly net income of all rental applicants in a given rental unit must be at least three times the monthly rental rate. Only income that can be verified will count. We expect the rental applicants with income to prove at least one year of continuous employment. Full –time students are welcome if the total income of all applicants combined is sufficient or with a lease guarantor. You must provide proof of a source of income if you are unemployed. Remember all adult tenants are joint and severally liable which means that each one can be held responsible for the payment of all funds due regardless of ability to pay.
 

Credit History – You must be able to demonstrate fiscal responsibility. If you have any charge offs, unpaid debts or a pattern of delinquent payments, your application may be denied. If you have a credit score under 600 your application may be denied.
 

Rental History – Each rental applicant must be able to demonstrate a pattern of meeting their rental obligations, leaving prior rental properties in good condition and not having a pattern of complaints from neighbors. We will require satisfactory rental references from at least one prior landlord. If you have ever been evicted for any lease violation, your application may be denied.
 

Criminal History—If you have ever been convicted of (or pled guilty to or no contest to) a felony, or a misdemeanor involving violence, sexual misconduct or dishonesty, your application may be denied.
 

Guarantors—If you do not meet one or more of the above criteria, you may be able to qualify for a rental unit if you have a third party located within the state that will guarantee your lease. The guarantor must pass this same application and screening process except that we will deduct the guarantor's own housing cost before comparing his or her income to our criteria.