4805 NW Washington St

Lease terms

Rental Criteria: At Hundred Property Management, it is important we remain transparent in our application process. Below you will see our rental criteria to ensure a fair and consistent tenant selection. 1. Income: The applicant must have a minimum gross income of 3 (three) times the monthly rent amount. Income must be verifiable with recent pay stubs (within the last 30 days), bank statements (the last 60 days or 2 months), offer letter for new employment issued within the last 2 weeks (14 days). Or verifiable saving account balance of 3 (three) times the rental amount divided by the lease term. 2. Credit score: A credit score of 650 or higher is required. No exceptions can be made for applicants with a lower credit score. Security deposit that is subject to refund upon move-out. 650+ : Standard- Equivalent to 1 months rent. Below 650 is grounds for application denial. No credit history may not be accepted, and grounds for application denial. History of bankruptcy may be grounds for denial. Overall credit history, including outstanding collections, payment history, debt obligations, and debt-to-income ratio, will be considered during the screening process. 3. Rental history: The applicant must have at least 1 year rental history with no evictions or judgments. Landlord references will be contacted to verify rental history. Late payments made within 6 months of application is ground for denial. (Outstanding Rental Balance or Collections is grounds for denial, eviction within the last 5 years is grounds for denial). No Rental history may be grounds for application denial and will be evaluated on a case-by-case basis and if approved, may be required to pay an additional Security Deposit of $1,000.00 in addition to the standard security deposit. 4. Criminal history: Applicants with a history of violent crimes, drug-related offenses, or sex offenses will not be accepted. Other criminal history will be evaluated on a case-by-case basis. Felony is grounds for denial. Violent/ Drug/ or sex offense Misdemeanor within the last 5 years is grounds for denial. 5. Employment history: The applicant must have a stable employment history with a preferred minimum of 6 (six) months at their current job. An Employment Verification may be completed for any employment information provided. Please refer to the income section for further details. 6. Pets: Pets are allowed on a case-by-case basis with a refundable deposit per pet ($500.00) and a non-refundable fee per pet ($500.00). As well as a monthly ($25.00) Pet Rent per pet. Breed and size restrictions may apply. Small Dogs Only, 2 (two) pets maximum for the household. 7. Smoking: Smoking is not allowed inside the rental property or on the premises. 8. Application fee: Each applicant 18 years of age or older must submit a completed application and pay a non-refundable $50 application fee to cover screening costs. 9. Security deposit: A security deposit equal to one month's rent is required at lease signing. Please refer to the Rental History and Pet section for possible additional deposit. 10. Lease term: Lease terms are typically for 12 months, with the option to renew.