Golden Realty & Management qualifies our applicants based on the following criteria:
Occupancy Guidelines ~ we may allow a maximum of 2 occupants per bedroom. (example-for a 3 bedroom home a maximum occupancy would be 6 total occupants).
Lease Start Date ~ applicants will need to be within 30 days of their lease start/move in date. We will only hold a property for up to 30 days after the rental application has been approved, lease has been signed and at least 1 month’s worth of security deposit has been received via certified funds.
Employment/Income ~ we will verify that the applicant’s total monthly gross income equals at least (on average) 3 times the monthly rental amount of the property they applied for. If self-employed we will require tax returns.
Criminal History ~ we use First Advantage Screening to obtain a detailed report of any known criminal history. Golden Realty does not approve any rental applications that include convicted felonies within the past 7 years, felony convictions for any drug manufacturing charges, or sex offences on an applicant’s record, at any point in their history will be cause for immediate denial.
Credit History First Advantage® Resident Screening report also provides us with a credit report and score. We look at the overall credit picture, to see if the applicants have any housing-related collections, evictions or any other housing related delinquencies in the last 3-5 years. Applicants with credit scores under 650 may be approved, however they may be required to pay a larger security deposit. Credit scores under 600 will not be approved. The amount of security deposit we collect for approved applicants will be between 1 – 2 months worth of rent, depending on the overall qualifications.
Landlord Reference/Residence History ~ we attempt to confirm at least the last 3 years of rental/residential history. We will contact the applicant's current or former Landlords to discuss their rental history. A poor reference from their Landlord, or unknown rental history may result in the applicant having to pay a larger security deposit, or denial of their application. If the applicant currently owns or recently owned their own home, we will verify that they are not/were not recently delinquent. In some cases, and if all the other qualifications have been met, we may consider an applicant with a short sale or foreclosure or other housing related delinquency- however, they may be required to pay an increased security deposit. Judged evictions within the past 5 years will not be accepted.
Applicants will be notified in a timely manner regarding our decision on their rental application. If they are denied, they will also be mailed an explanation of our decision. If applicants are approved we will make an appointment to meet to sign the lease and pay the security deposit within 48 hours of approval to avoid cancellation of their rental application. We will not officially take the rental home off the market until the lease has been signed and the security deposit has been received.