Resident Criteria

Rental History

The following items may disqualify rental acceptance:

  • Unpaid eviction(s) within the last 365 days

  • Outstanding delinquent payments owed to previous or current landlord

  • History of lease violations (i.e.: late payments, NSF checks, noise complaints, skips or any negative reference)

  • Applicants with no previous rental history will be required to provide a qualified co-signer or furnish additional funds as determined by Landlord including but not necessarily limited to an increased security deposit amount or last month’s rent paid in advance

Income

  • Total combined gross monthly income must be at least 2.5X the amount of monthly rent (e.g. $1000 monthly rent x 2.5= $2,500 monthly income).

  • Stated income must be verified in writing, which may include a pay stub, verification form on company letterhead, letter of benefit assignments or tax statements

  • Valid income types include, but are not limited to: Wages, Salaries, Tips, Social Security Benefits, Retirement, Pension or Savings Accounts, Stocks, Bonds, Child Support or Alimony payments, Unemployment Benefits or Public Assistance

  • Applicants who do not meet the income requirements will be required to provide a qualified co-signer

Criminal Background Check

  • All applicants require a criminal background check

  • Felony convictions will disqualify an applicant from being a resident including, without limitation felony DWI’s. Registered sex offenders are also disqualified

  • Misdemeanor convictions or gross misdemeanor convictions will disqualify an applicant for up to three (3) years on crimes against persons, property or drug related illegal activity. The time period starts upon the date of the disposition of the crime

Credit History

The following items may disqualify rental acceptance:

  • Bankruptcy: Applicant is eligible immediately after the date of the order of discharge for a Chapter 7 or Chapter 13 bankruptcy.

  • Credit FICO Score must not fall below 600

  • Credit history will be weighed in conjunction with all other rental criteria. Hercules Property Management LLC reserves the right to deny any applicant based solely on a history of any delinquent credit activity.

  • Applicants with no previous credit history will be required to provide a co-signer who meets the income and credit requirements of the Rental Acceptance Criteria, or furnish additional funds as determined by Landlord including but not necessarily limited to an increased security deposit at twice the deposit amount in effect at the time of approval or last month’s rent paid in advance

  • Hercules Property Management LLC accepts the BEST qualified application in most circumstances. This is determined by a variety of factors, not limited to the OWNER’s preferences on the following: Credit Score, Occupancy (Possession) date, Number and types of pets, length of lease term, and various special provisions on the lease. Just because you are credit-qualified to rent one of our homes DOES NOT mean that your application will be the one that the owner will select based on these competitive factors. Please check with us to ensure the terms of your lease are a good fit for the owner BEFORE you apply online.

Identification

  • Applicants must have one or more of the following in addition to a Government Issued Photo Identification.

    • Valid Social Security Card

    • Passport

    • Permanent Resident Card

    • Visa