Rental Qualifications & Requirements

QUALIFICATIONS:
Please be prepared to pay the application fee as outlined in the property listing. In addition to
this rental application, you will also be required to provide a copy of a valid form of
identification, proof of income and complete the income verification report. All of this is
mandatory to be considered for qualification.

INCOME/EMPLOYMENT:
You must have a verifiable gross income of three times the monthly rent. All income must be
verifiable. We accept proof via most current paycheck stub, W-2, government-issued statements
(SSI, SSD, etc.), annuity statements and/or tax return.
If you are using Section 8 funds to rent a property, you must obtain a housing voucher that
shows your maximum approved rent amount before submitting your application. This letter
ensures that the rental unit falls within the payment standards set by the housing authority and
helps prevent risk of applying for a unit that exceeds the allowable rent limits set by your
housing authority. Without the housing voucher submitted at time of application, your
application is not considered complete & will not be processed. Always check with your local
housing authority to confirm the required steps and documentation necessary to receive your
housing voucher that references your maximum approved rent amount.

CREDIT:
Credit scores, judgments, collections, late payments, and debt to income ratio are all used in
determining approval for a property. We are currently using Transunion, FICO Risk Score Classic
4, which is industry specific.
For properties renting monthly at $2,001 & above, a 700+ credit score required. Credit scores of
699-669 may be able to attain Conditional Qualification (often with a cosigner).
For properties renting monthly at $2,000 or less, a 670+ credit score is required. Credit scores of
669-640 may be able to attain Conditional Qualification (often with a cosigner).
Under a 600 credit score is automatic denial.
Any applicants owing utility companies and past landlords must pay off these balances and
provide proof prior to being approved or attaining a Conditional Qualification.

RESIDENT HISTORY:
You must tell us where you have lived for the last SEVEN CONSECUTIVE YEARS with no gaps in
the date ranges even if you have not rented. Rental history of at least three years must be
verifiable from independent, unrelated sources. Landlord references are very important. The
way you paid your rent and took care of the property provides the best indication of how you
will deal with future rentals. If we cannot speak with your previous landlords, we may not be
able to complete the application. Negative information received from a landlord will result in
denial of the application. Renting from friends or family will not be considered. If you do not
have the required rental history, but meet our other guidelines, you may be eligible for a
Conditional Qualification.

EVICTIONS:
We normally do not rent to anyone who has been evicted, however we may consider your
tenancy if the eviction was over five years ago and was for nonpayment of rent, you currently
have sufficient income, you have had perfect rental history since the eviction, you do not owe a
landlord money, there has not been more than one eviction, there is no negative information
received from the evicting landlord except for nonpayment. In this case, you may be eligible for
a Conditional Qualification.
Each resident over the age of 18 must submit a separate rental application. We support Equal
Housing Opportunity and encourage users of our site to follow appropriate guidelines to comply
with the Federal Housing Act, as well as any applicable state and local regulations. All renters
are hereby informed that all property rental offers are available on an equal opportunity basis.

PETSCREENING (REQUIRED PART OF THE APPLICATION FOR ALL APPLICANTS):
A welcoming environment is paramount to all our residents with or without pets as well as
animals. To help ensure ALL our residents understand our pet and animal-related policies, we
use a third-party screening service and require EVERYONE to complete a profile. This process
ensures we have formalized pet and animal-related policy acknowledgments and more accurate
records to create greater mutual accountability. If you need accommodation in another way,
please contact your housing provider.
Please get started by selecting a profile category on our landing
page: https://pmgmtservices.petscreening.com

RESIDENT BENEFITS PACKAGE:
The Resident Benefits Package (RBP) delivers savings and convenient, professional services that
make taking care of your home second nature. By applying, Applicant agrees to be enrolled and
to pay the applicable cost of $39.95/month, payable with rent.
Your RBP may include, subject to property mechanicals or other limitations:
• Renters Insurance that meets all lease requirements from an A-rated carrier
• A resident rewards program that helps you earn rewards for paying your rent on time.
• Credit building to help boost your credit score with timely rent payments.
• $1M Identity Protection for all adult leaseholders
• 24/7 online maintenance reporting
• Online portal: Access to your account, documents, communication, and payment
options.
• Vetted vendor network: we find technicians who are reputable, licensed, and insured.
Renters Insurance requirements and options:
The Landlord requires Tenant to obtain liability coverage of at least $100,000 in property
damage and legal liability from an A-rated carrier and to maintain such coverage throughout the
entire term of the lease agreement. Tenant is required to furnish Landlord evidence of the
required insurance prior to occupancy, at the time of each lease renewal period, and upon
request.
To satisfy the insurance requirement, Tenant may either (1) be automatically enrolled into a
policy that satisfies the coverage requirements as part of the Resident Benefits Package; or (2)
obtain alternative liability coverage from an insurer of Tenant’s choice. The option Tenant
chooses will not affect whether Tenant’s lease application is approved or the terms of Tenant’s
Lease.
Option 1: Do nothing. Tenants will be automatically enrolled into an insurance policy as part of
the Resident Benefits Package. No further action is required. Coverage will begin on the
effective date of Tenant’s lease and continue throughout the lease term. Please refer to the
evidence of insurance that is supplied by Alta Vista Properties for additional coverage details.
The Resident Benefits Package monthly rate will be adjusted by the premium amount in the
policy.
Option 2: Buy a policy. If the Tenant prefers, the Tenant may find, purchase, and maintain
another policy that satisfies the Landlord’s requirements. The Resident Benefits Package
monthly amount will be adjusted accordingly. Visit http://insurance.residentforms.com/ and
follow the instructions listed there to provide evidence of the required insurance coverage to
your Landlord. It is Tenant’s responsibility to pay premiums directly to your insurance provider.
If the policy is terminated or lapses, Tenant will be subject to a lease violation fee of $25 and
agrees to be subsequently enrolled into the policy referenced in Option 1 above.
Please be sure that your policy meets the following criteria prior to submitting:
• Policy is purchased from an A-rated carrier
• Policy meets or exceeds the required $100,000 in property damage and legal liability
• Alta Vista Properties is listed as additional interest
• Alta Vista Properties address is listed as: PO Box 660121 Dallas, TX 75266
NOTE: The total monthly cost of the Resident Benefits Package is all-inclusive, and no discounts
will be given if any element of the package is unavailable due to a lack of HVAC or another
limitation at a specific property.

COSIGNORS & LARGER DEPOSITS:
If any member of your party lacks sufficient rental history, has a credit score below 680 or has
been at their job for less than one year you may qualify for a Conditional Qualification. To
achieve a Conditional Qualification, our applications manager will work with you in a deeper
application review process in an attempt to better understand your qualification level and help
you present your case to potential property owners. A Conditional Qualification is not an
approval, and not all property owners will consider an application with a Conditional
Qualification.
Terms of a Conditional Qualification could include a larger security deposit and/or a co-signor. A
co-signor must have an established credit history with a credit score of not less than 680 and a
verifiable monthly income of four times the amount of the rent.
Providing ANY false information shall be grounds for rejection or subsequent termination of
tenancy.