4. Scoring of your Consumer Credit Report. Marcus Property Management, LLC uses an empirically derived, statistically sound, credit scoring system to evaluate your consumer credit report. Credit scoring is based on real data and statistics, so it treats all applicants objectively. Your consumer credit report contains information about you and your credit experiences, such as your bill-payment history, the number and type of accounts that you have, late payments, collection actions, outstanding debt, and the age of your accounts. Using a statistical program, wecompare this information to the credit performance of other applicants with similar profiles which allows us to predict how likely it is that you will pay your rent in a timely manner and fulfill your other lease obligations. If you would like information regarding how to improve your credit score, please let us know and we will provide you with more detailed information regarding this process. Based upon your credit score, your application will either be accepted or rejected. If your application is rejected, you will be given contact information of the consumer reporting agencies which provided your consumer information to us. An applicant rejected for unsatisfactory credit is encouraged to obtain a copy of the credit report, correct any erroneous information that may be on the report and submit a new application to Marcus Property Management, LLC for further consideration.
5. Criminal Background Search. If your application is accepted, we will conduct a criminal background search. It is our policy not to lease to applicants which fall into the following categories:
All Felony Convictions are automatically denied.
All Misdemeanor Arrests and Unknown Dispositions are denied for records that are 7 years or less.
All Misdemeanor Convictions are denied for:
Offenses against property
Offenses against persons
Offenses involving firearms or weapons
Offenses involving illegal drugs
Offenses involving sex or sex crimes
All Misdemeanor Arrests and Unknown Dispositions are denied for records that are 7 years or less for the following
offenses:
Offenses against property
Offenses against persons
Offenses involving firearms or weapons
Offenses involving illegal drugs
Offenses involving sex or sex crimes
All Unknown Level of Offense Convictions are denied for:
Offenses against property
Offenses against persons
Offenses involving firearms or weapons
Offenses involving illegal drugs
Offenses involving sex or sex crimes
All Unknown Level of Offense Arrests and Unknown Dispositions are denied for 7 years or less for the following
offenses:
Offenses against property
Offenses against persons
Offenses involving firearms or weapons
Offenses involving illegal drugs
Offenses involving sex or sex crimes
If the criminal background search reveals past criminal behavior which is contrary to your lease application, our
acceptance of your lease application will be withdrawn.
6. Income Verification.
To process your application we will require verification of income by one of the following:
Recent pay stub (30 days worth of stubs)
Tax return (e.g., 1040, 1040EZ) (self employment)
General Excise Tax Records (NEW self employment)
Letter from employer on company letterhead (new hire)
OR
Applicant proof (e.g., bank/mutual fund statements) of assets greater than 1 year's rent
If we are unable to verify your income or your income is contrary to your lease application, our acceptance of your lease application will be withdrawn.
7. Prior Landlord Reference
At lease one (1) prior landlord reference is required to be verified. If the landlord reference is not satisfactory the application will be declined.
8. Evictions Check
SafeRent® Applicant Screening examines millions of evictions records from over two-thirds of the U.S. to discover past landlord/tenant filings or evictions against each applicant. Any declined applicants will receive an Adverse Action letter indicating that an eviction filing or judgment record was found.
9. Fraud Check
SafeRent® Applicant Screening performs fraud checks on all social security numbers (SSNs) against the Social Security Administration’s fraud database. Any fraudulent applications will result in a declined application.
10. FBI Terrorist/Most Wanted Check
Each applicant’s name is checked against an FBI database of individuals and aliases listed as Terrorists and Most Wanted. If a match is found further investigation will be done through the FBI website. Once confirmed the application will be declined.
11. Wanted Fugitive Lists Published by (10) additional Federal Agencies
Each applicant’s name is checked against agencies such as the U.S. Department of Justice, the U.S. Customs Service, the U.S. Marshals Service, the U.S. Secret Service, the U.S. Drug Enforcement Agency and others. If a match is found the application will be declined.
12. Other Wanted Fugitive Lists
Each applicant’s name is checked against state and local law enforcement agencies. If a match is found the application will be declined.
14. Application Fees
A $25.00 non-refundable application fee is required for each applicant in the form of Money Order, Cashiers Check or cash in exact change only. Once application and fee is received it cannot be withdrawn after processing begins. In the event we receive an NSF notice for application fee payments the application will be declined. In the event a co-signer is required a $25.00 non-refundable application fee is required. If a co-signer is not received within 48 hours of notification of acceptance with condition your application will automatically be declined and you will need to reapply under a new application which will require an additional application fee.
15. Application Processing
In the event multiple applications are received for the same rental home we will process all applications in the order that they are received according to the time and date submitted. No applications will be processed with missing information or without receipt of application fees. The best qualified applicant will be offered the rental unit and any additional approved applicants will be placed on our priority waiting list. The approved applications will remain on file for a period of one year. After 90 days on the priority wait list your application will need to be processed again at no additional charge to determine if your application still meets the qualifying criteria.
Once the unit is ready to be occupied it will be offered to the best qualified applicant. Security deposit payment is required within 24 hours of notification of approval. At the time a security deposit is paid you will be asked to sign and agree to the terms of our Security Deposit Receipt. Security Deposit payments must be in the form of a Cashier’s Check or Money Order. In the event the security deposit payment or signature on the Security Deposit Receipt is not received the unit will be offered to the next approved applicant. Security deposits will be deposited upon receipt and conveys intent to take occupancy of the vacant unit no more than 7 days from receipt of deposit. In the event we receive an NSF notice for security deposit payments, our acceptance of your lease application will be withdrawn.
By signing below I agree to all terms specified in this rental application.