Often multiple applications are received. It is possible that more than one application will be in process at one time. Even if an application is submitted first, this does not mean the applicant is guaranteed to rent a property. Therefore, we advise applicants to carefully consider a prospective rental property’s level of desirability and submit
complete
applications and credit screening fees accordingly.
When multiple applications are received an individual who pays the credit screening fee promptly may finish the screening earlier than an applicant who delays in providing the screening fee or responding to questions made to determine their criteria for qualifying. Under most circumstances we will only screen one applicant at a time, though incomplete applications, incomplete credit reports, or lack of response to questions may allow another applicant who provides sufficient information to proceed and/or finish the screening process first.
An applicant whose credit and income qualifications can not be verified by a credit report may be asked to provide additional supporting documentation which will delay our ability to evaluate creditworthiness. In some situations supporting documentation may require time for the applicant to obtain and during this time, other applications may be processed and accepted. We encourage applicants who expect their situation may require supporting documentation to advise us of their situation in advance so we can suggest what additional requirements may be needed.
Completing a credit screening does not guarantee creditworthiness. Applications may be accepted, accepted conditionally, or denied following a completed screening.
When multiple applications are in process we make every attempt to advise the involved parties that there are other inquiries in process, and provide suggested timelines that will enable each applicant to respond quickly to information requests. We will make one rental offer at a time. This means that one qualified applicant–who has provided all needed information to determine creditworthiness and ability to rent a property and has passed the credit screening–will be offered rental terms and a 48-hour period to deliver a holding deposit. Other applicants may be given the opportunity to be in “backup” position should a qualified applicant decline to rent the property or fail to deliver the holding deposit.
Once a rental offer has been made we may accept applications for the property, but we will typically not process applications until the 48-hour period is past and/or the holding deposit is not received.
When a holding deposit is received we will notify other applicants that there is an agreement to rent the property and discontinue advertising.
We will not accept a holding deposit without first qualifying an applicant.
Please note that fair housing provides guidelines for the number of occupants who can live in a rental property based on the living space and two occupants per bedroom. These guidelines are as follows:
1 bedroom = maximum of 3 persons
2 bedroom = maximum of 5 persons
3 bedroom = maximum of 7 persons