Thank you for choosing Sphere Realty & Property Management as your go to team. Please see the following requirements for our properties.
INCOME VERIFICATION
- Income should be at least three times the rent in gross monthly income and verifiable from an unbiased source such as: applicants pay stub, tax forms including W2 or 1099, or a job offer letter submitted on company letterhead and signed by the applicant accepting the position.
- Applicants must provide contact information for the HR Department, the name of their department head or direct supervisor, and the main business telephone number.
- Applicants’ employment history should reflect at a minimum of 6 months with your current employer. Transfers or relocations must have a correspondence showing an accepted job offer. Any verification fees required by the employer must be paid by the applicant.
- Self-employed individuals must provide verification of income through one of the following, a CPA prepared financial statement, or a copy of your current and previous year’s tax returns filed with IRS and two most recent bank statements.
- Married couples may combine incomes.
RENTAL HISTORY
- Applicants are responsible for providing information including the names, addresses, and phone numbers, of Landlords with dates of tenancy for the previous 2 years.
- Mortgage payment history will be considered if you owned rather than rented your residence during the previous 2 years.
- No forcible detainers (evictions).
- No history if any damage to previous residences or an outstanding balance due to previous
CREDIT REQUIREMENTS
- A minimum credit of 600 will be considered for processing. Scores below 600 may be considered with the understanding that an additional security deposit may be required.
- Any outstanding debt to a prior landlord will result in the denial of your application.
- Past due child support will result in denial of your application.
- Credit history must show that the resident has paid bills on time and does not have a history of debt write-offs or accounts that have gone into collections. Residency may be denied due to poor credit history.
APPLICATION SUBMISSION REQUIREMENTS
Completed applications are reviewed and processed in the order in which they are received in the office. Missing information will delay the processing of your application. Incomplete applications will be considered “back-up” applications if a completed application is received. Each occupant 18 years or older must submit the following information:
- Completed application through online application.
- Make sure that each occupant is selected under applicant.
- $45 non-refundable application fee per applicant with the completed online application.
- Application fee may be paid online.
- If additional information is needed, the following MAY BE requested:
- Minimum of 2 years verifiable residential history (complete addresses provided including city,
state, zip, landlord name and valid contact number). - 2 months verification of income such as applicant’s pay stub, tax forms including W2 or 1099,
or a job offer letter submitted on company letterhead and signed by applicant accepting the
position.
The following will need to be submitted with your application:
- Copy of valid Driver’s License or photo id.
- Pictures of pets (if applicable). If the property owner is accepting pets at this property, please review Landlord “Pet Policy”. Pet Fees listed on the” Pet Policy” are minimum fees. Property owner has final approval/denial of pets allowed at property and total amount of fees required. Additional liability insurance may be required for all tenants with pets.
- We DO NOT accept co-signers. Guarantors may be considered and need to submit their own application.
- Total number of tenants & occupants may not exceed 2 persons per bedroom.
- Landlord will consider several factors when selecting a tenant.
- If you have any special circumstances, you would like considered you are encouraged to provide additional information detailing circumstances.
- All applications and pets are approved at owners’ discretion.