Rental Application

Requirements for Rental Application

This rental application is for Christy Rice properties only.  This application will not work for any other Windermere Property Management offices.  If you have any questions, please contact your Showing Agent or Christy Rice at (425) 761-6970.

Your rental payments will be reported to Transunion (if managed by WPM).  

 

RENTAL HISTORY REQUIREMENTS

3yrs of verifiable residence history or homeownership will be verified through tax assessor’s office and credit report
Two (2) or more 3-day/14-day/10-day notices within a 12 month period may result in denial
Two (2) or more NSF checks within a 12 month period may result in denial
Rental history reflecting any unpaid past due rent may result in denial
Rental history showing damage may result in denial
Rental history with disturbance complaints will be denied if the previous manager would not re-rent

 

CREDIT REQUIREMENTS

Good credit required of at least 700 FICO score
Guarantor credit required of at least 760 FICO score
After a dischargeable bankruptcy, applicant must show proof of positive established credit for 2 yrs
Foreclosures in the last 5 years may result in a denial

 

INCOME REQUIREMENTS

Monthly income must be at least 3 times the monthly rent.
Guarantors income must be at least 5 times the monthly rent

If monthly income does not meet 3 times monthly rent, a guarantor will be required 

 

EMPLOYMENT REQUIREMENTS

Verifiable employment is required.  If unemployed and unable to verify income or funds, the application will be denied

Copies of the last paystubs:
Must include employer name, employee name and pay period on each stub
Paystubs can be no older than the last 3 months
Offer letter from the prospective employer must be on employer letterhead, include applicant’s name and compensation summary

Self-employment:
Provide bank statements for the last 3 months (must show name of bank, account holder name, statement date, summary of deposits and balance) AND
Income tax statement for the previous year (W2, 1099 or first 3 pages of IRS 1040 form)
Proof of savings
Provide 3 bank statements for the last 3 months (must show name of bank, account holder name, statement date, summary of deposits and balance) showing a balance of three times the monthly rent for entire lease term or first 12 months.
* For example, monthly rent is $2000 x 3 = $6000 x 12 = $72,000 minimum balance

Proof of alternative source of income:
From a lawful verifiable source other than wages, salaries, or other compensation for employment including, but not limited to: Section 8 vouchers, social security benefits, unemployment benefits, charity programs, maintenance or child support, and/or any federal, state, local government, private or nonprofit administered benefit program. In the case of providing a voucher that is less than the advertised monthly rent, the applicant must provide proof of income qualification for difference (aka their portion) as described above.

 

PETSCREENING

A welcoming environment is paramount to all of our residents. To help ensure ALL of our residents understand our pet and animal-related policies, we use a third-party screening service and require EVERYONE to complete a profile (No Pet/Pet/Animal). This process ensures we have formalized pet and animal-related policy acknowledgments and more accurate records to create greater mutual accountability.

Your refundable pet deposit will depend on the FIDO Score, starting at $500.

Please get started by selecting a profile category on our landing page (don’t submit any payment unless your application has been selected and we are moving forward with your lease): https://christyricepm.petscreening.com/

 

LANDLORD REFERENCES
Each applicant must be able to demonstrate a pattern of meeting rental obligations, leaving prior rental properties in good condition, and no pattern of complaints. Applicants can have no prior evictions and must have verifiable references for positive rental or mortgage history over the last 3yrs. Please note that you must provide contact information for the previous landlord and they must take or return calls made to them from On-Site within 48 hours of initiation of screening or we may move on to the next application.

 

AUTOMATIC DENIALS

Any collection filed by a property management company/landlord will result in denial
Any unlawful detainer action or eviction which has been within 5 years results in denial.
Any current 3-day/14-day notice will result in denial
Outstanding debt to property management or landlord will result in denial.
Any applicant with a bankruptcy not showing as discharged is denied until shown otherwise
Excessive collection will result in denial

 

CRIMINAL REQUIREMENTS

We do not automatically exclude rental applicants based on criminal history. Any criminal history will be evaluated in consideration of when the crime occurred, what the underlying conduct entailed, and/or what the rental applicant has done since the conviction.

 

MONIES DUE
An application fee of $45 per applicant (everyone 18 years and over) which is non-refundable, will be a PENDING TRANSACTION on your banking card until the Property Manager/Owner and Tenant mutually agree to process your application. Upon mutual agreement to process your application, the payment will be processed.  If the application is canceled or another application is selected, the pending transaction will disappear. The time it takes to disappear depends on your bank, not Windermere or the screening company.

After you are notified that you have been approved, all applicants will have 48 hours after notification to sign a lease agreement and pay all monies necessary to secure the unit.  This may be done by ACH, cashier’s check, or money order.  If all applicants do not sign the Lease within 48hrs, there’s no guarantee that you will secure the property.

 

PERSONAL INFORMATION
•    Applicant Type:  Check Individual. If co-signer check Guarantor
•    Social security numbers for all applicants.
•    Drivers license or valid I.D. Please email copies to christy@christyricepm.com.
•    If you’re applying with a spouse and/or children please check the box  Include my spouse and/or Include my dependent’s.  Please list date of births for all dependents under the age of 18.

 

EMERGENCY CONTACT
You will need to supply an emergency contact person’s name (other than your spouse), phone number, and mailing address.

 

SCREENING
Your credit screening will be completed by our 3rd party vendor On-Site.

We require a positive credit history with:
• No more than 20% of derogatory accounts
• No more than $500 worth of accounts in collection
• No non-discharged bankruptcies
• No money owing to a previous landlord (with the exception of unpaid rent between 3/1/2020 – 12/31/2021)
• No unlawful detainer action or eviction history
• At least 1 active account being rated to establish history
• First-time renters, with no established credit or rental history, may require a Guarantor

 

VEHICLES
You will need to supply license plate numbers and state registration for all vehicles to be parked on the premises.

 

 

Any application with unanswered questions or missing items will be considered incomplete and may not be submitted for review. *Please note, we do not accept comprehensive reusable tenant screening reports*

If this property is within the Seattle City limits: In the event, an applicant has a sensory, physical, or mental impairment that limits a major life function, or needs meaningful access to the application form (i.e. applicant does not speak English and needs a translator) and is not able to complete an application in a timely manner, they can make a request for additional time or a reasonable accommodation to extend their application period for up to 72 hours. Please submit your request directly to the Property Manager with the requested timeline to complete the application, the reason for your accommodation request and documentation supporting your request. Upon receipt of your request, the date and time received will be noted, and you will be put into the application queue based upon order of receipt. In the event your application is not completed within the requested timeframe, we will proceed with the next application in line.

 

CONTINUE