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Apply for a Lease

LEASE APPLICATION POLICY AND INSTRUCTIONS

The following items are required to accompany the application:

• Application fee of $45 per adult – payable to Casteel Real Estate Professionals
• Copy of driver’s license (all applicants)
• Copy of social security cards (all applicants)
• Proof of income – two most recent pay statements (Self-employed requires last two years federal tax returns)
• Valid telephone number for current and previous landlord or property management company.
• If previously a homeowner, copy of previous HUD-1 settlement statement

Qualification guidelines are below for your review. Please allow up to 3 business days for application processing. If your application is accepted you will be required to sign the lease agreement within one (1) business day.

QUALIFICATIONS FOR LEASE APPLICATIONS

CREDIT HISTORY

• We will process your application by obtaining a copy of your credit report
• Not all delinquent accounts will negatively impact your application, but a risk assessment will be made based upon your ability to maintain the monthly payment schedule. Applications that represent a higher risk may be charged a security deposit of up to one and a half times the monthly rent.
• Bankruptcy is acceptable provided it has been discharged and recent payment history is satisfactory.
• Foreclosures and short sales are acceptable provided the rent is less than your previous mortgage amount or a substantial increase of income is noted.
• All employment requirements must be met.

WORK HISTORY

• Minimum of six months steady work history is required. Transfers and new employers in the same career field are acceptable.
• Gross monthly income MUST be at least three (3) times the rent amount.
• Income and employment must be verifiable. Pay statements and work history with contact information is required.

RENTAL/OWNERSHIP HISTORY

• No broken leases or evictions in past three years
• Short sales/foreclosures acceptable as long as lease amount is less than previous mortgage payment. Gross monthly income must be at least three times the monthly lease amount.

DEPOSITS

• All deposits and applicable charges must be received in certified funds, money order or cashier’s check and are due at lease signing.
• Security deposit is typically the equivalent of one month’s rent. In some cases, such as low credit scores, misdemeanor criminal record, short-term lease or other riskier cases, this amount may be increased
• First month’s rent is due prior to receiving access to the property. If lease begins on any day other than the first of the month, the FULL month’s rent amount is due for the first month. The second month’s rent is due the first day of the second month, but is prorated based upon the move-in date.
• Monthly payments will be made in accordance with the lease agreement. If for any reason you choose not to sign the lease agreement or not move into the property for which you have applied following approval of this application, all deposits received are forfeited.
• Applicable charges:
  • Non-refundable cleaning fee of $175.00 ($225.00 for homes larger than 2,000 sq ft)
  • A one-time administrative fee of $75
  • Applicable city rental tax

All co-signers must meet the same criteria in order to be accepted and must sign all documents, including but not limited to the lease agreement and incorporated documents.

PETS

Pets are allowed when approved in writing by the property owner or agent. Pets may not be allowed at all at some properties. An additional deposit of $300.00 per pet will be required if pets are approved.

INSURANCE

You are strongly encouraged to obtain renters insurance. The owner’s insurance policy does not cover your personal belongings.

UTILITIES

You must turn on all required utility services (water, trash, sewer, gas, electric or others) before you take occupancy of the property.

You must immediately report any problems you might discover in the process. If you are renting a new house that has gas service, you will need to apply for service at least six days ahead of occupancy to ensure that it can be connected prior to your occupancy.

We have a high standard in the preparation of rental units. Any request to make changes in the current condition of the property or terms of the lease agreement must be in writing at the time of application. These requests will be considered at the same time your application is processed. There are no verbal agreements. All changes to the property or agreement must be approved by the owner and signed by our company broker or property manager. You will be given a move-in inspection form and asked to fill it out and return it to our office within five (5) days.

We welcome all applicants and we support equal housing opportunities for everybody. Casteel Real Estate Professionals strives to provide the highest quality real estate services possible. We look forward to working with you.

Casteel Real Estate Professionals

Download our Lease Application

1. Open lease application

2. Complete form (form can be filled in online)

3. Print

4. Sign & date

5. Fax to 866-891-4846 or email

6. Pay Application Fee online with PayPal (major credit cards accepted)
Important: Application must be completed and application fee paid for each person over 18 who will be living in the home.