Valid rental history is considered a written lease or month- to-month agreement. If rental history is less than 6 months then an Increased Deposit Equal to the Full Month’s Rent, less application fees -OR- cosigner may be requested. 2 late payments, NSF checks and/or noise complaints within 6 months may result in an increased deposit. Final recommendation will be dependent on credit history, level of income and length of employment.
Credit History: Established credit history not required for residency. However, if derogatory credit (excluding medical collections) is in excess of $500 an Increased Deposit Equal to the Full Month’s Rent, less application fees-OR- cosigner may be requested. Discharged bankruptcy within the last two (2) years will result in an increased deposit. Discharged bankruptcy (with no derogatory credit since the discharge) that is older than two (2) years may qualify for an approval. However, final recommendation will be dependent on level of income and length of rental history.
Employment: No minimum requirement for approval of residency.
Income: 2.5 times the rental amount.
If income is less than 2.5 times the rental amount but more than 2.0 times then an Increased Deposit Equal to the Full Month’s Rent, less application fees may be requested. Income that is less than 2.0 times the rental amount may require a qualified cosigner. Final recommendation will be dependent on level of income, length of rental history and credit history.
Acceptable documentation for verifiable income varies based on the income source. Generally accepted documentation may include two (2) consecutive (most recent) paystubs, most recent tax returns, W2, Leave & Earnings Statement (LES), Statement of Social Security Benefits, I20 (International Student), etc.
SECTION 8 APPLICANT CRITERIA:
Section 8 applicants are required to meet the same criteria as indicated, with the exception that the applicant must only meet income requirements for their portion of the rent.
COSIGNER RENTAL CRITERIA:
A cosigner will be APPROVED if all the qualification below are met, if the cosigner does not meet any 1 of the following criteria then the cosigner will not qualify.
RENTAL HISTORY: 1 year of valid and verifiable rental or mortgage history with no late payments
CREDIT HISTORY: At least 4 U.S. credit accounts in good standing with less than $100 in derogatory accounts. Any bankruptcy (open or discharged) will result in denial.
EMPLOYMENT: 12 months on the job or previous employment in the same kind of work or retired
INCOME: 4 times the rental amount of the unit in verifiable, garnishable income
Acceptable documentation of verifiable income for retired cosigners vary based on the income source. Generally accepted documentation may include two (2) most recent consecutive tax returns, Statement of Social Security Benefits, Pension, 401K and/or Investment Income Statement(s).
Sex Offender Registry: Please be advised, a landlord (within the Seattle city limits) is prohibited from requiring disclosure, asking about, rejecting an applicant, or taking adverse action based on any arrest record, conviction record, or criminal history, except sex offender registry information which is the result of an adult criminal conviction - as described in Subsection 14.09.025 A3., 14.09.025 A4., and 14.09.025 A5, and subject to the exclusions and legal requirements in Section 14.09.115.
We do not automatically deny applicants based on sex offender registry that is the result of an adult criminal conviction. Rather, consideration is based on the nature of the offense and time passed since the date of final disposition. Supplemental information can be provided to the landlord by the applicant, or produced on behalf of the applicant, with respect to the applicant's rehabilitation and/or good conduct. Supplemental information may include, but is not limited to: conviction information; certification of rehabilitation; written or oral statements by the applicant, past or present employer(s), current and prior landlord(s), members of the judiciary or law enforcement, parole officer, member of clergy, counselor or therapists, social workers or similar person(s).
GROUNDS FOR DENIAL WILL RESULT FROM THE FOLLOWING ON ALL APPLICANTS:
Verified unpaid eviction appearing on credit report or confirmed with landlord.
Unpaid rental collection and/or judgment verified on credit report.
Balance owing to landlord that will result in collection filing.
3 or more notices and/or late payments and/or NSF checks and/or noise complaints within a 6 month rental period (current or previous).
Unverifiable social security number
Falsification of rental application
Open (non discharged) bankruptcy
Valid (current) photo identification will be required of all applicants.
Consider this statement as notification that we do not accept a comprehensive reusable tenant screening report, as defined by RCW 59.18.257.
Applicant(s) acknowledge that he/she acquires no rights in an dwelling (rental unit) until a holding deposit has been paid and a holding deposit Agreement signed within 24 hours of submitting the application. Each person over the age of 18 must complete an application. Screening Fees are non-refundable.