Thank you for your interest in one of our properties, we look forward to serving you. Applicants are judged on the same standards, one person or family at a time, on a first come first serve basis. It is your responsibility to provide us with all necessary verifiable information and we reserve the right to decline an application for incomplete information, and/ or for your delay (over 24 hrs.) in providing us with information. As you apply for one of our properties, the following are standards and requirements we use in qualifying.
Logic Property Management is an equal opportunity housing provider and adheres to Fair Housing Laws. Logic Property Management does not discriminate against any person based on race, color, religion, sex, national origin, familial status, disability, veteran status, marital status, source of income, sexual orientation, gender identity or any other protected class under applicable federal, state, and/ or local law. Common reasons to be declined; we encourage you to NOT apply if any of these pertain to you:
- Credit score below 600
- Debt to income ratio is 50% or greater
- Active or recent Bankruptcy
- Criminal history as described below
- Any current or previous evictions
- Negative Rental History
- Smoking
- Roommates according to our criteria listed below
- More than (1) single family unit living in the home
All adults 18 years of age or older who will reside at the property must complete, sign, and pay for a separate application. Applications will not be considered complete nor reviewed until every applicant 18 years of age or older who will be living at the property has completed, signed, provided all required documents, and paid for a separate application.
IDENTIFICATION REQUIREMENTS:
All Applicants must provide a valid government-issued photo identification. All applicants must also provide a valid Social Security Number, Individual Taxpayer Identification Number (ITIN), Employment Identification Number (EIN), or I-94 for verification purposes. Non-U.S. Citizens must be able to provide documentation from U.S. Immigration to verify legal residency in the United States as of the effective date of the lease agreement.
INCOME REQUIREMENTS:
All applicants must provide their last 2 FULL months of pay stubs or proof of income. The combined NET (after taxes) income of all persons living in the rental must be at least three (3) times the monthly rental rate collectively. (Income requirements and/or deposits may be raised depending on credit history.) Applicants that do not meet the above employment or income requirements may be given the option to pay 12 months or the full term of the lease in advance including rent, fees, and deposits.
Any of the following may be requested to verify applicants income:
- Copies of the last two consecutive payroll check stubs
- Copies of the last three consecutive bank/financial statements
- Previous W-2 or 1099. Self-employed applicants must provide previous two years of tax returns
- Proof of social security income, disability income, or other government income
- Proof of retirement income
- Proof of trust fund income
- Current offer letter for new employment
- Financial aid and/or scholarship documentation
- Housing vouchers. Income requirement will apply to the household’s share of the monthly rent.
- Any other legal, verifiable source of income paid directly to the applicant or representative of the applicant
DEPOSIT REQUIREMENT:
An initial deposit will be required upon approval of tenant. The amount is listed within each listing to each available unit. The deposit MAY be raised based on credit criteria.
RENTAL / REDISENCY HISTORY:
The previous 3 years of rental or residency history is required. The credit report and other sources of rental history will be checked to verify resident and rental history information. Applicants must provide the address and dates of tenancy for the previous three years, along with the respective Landlord’s phone number and/ or email address. An application will most likely be denied if there are any previous evictions on record, defaults in lease agreements, multiple non-sufficient funds, multiple late rental payments, or outstanding balances owed to another Landlord. Logic Property Management reserves the right to deny an application if, after making a good faith effort, Logic Property Management is unable to verify the applicant’s rental history. Satisfied or dismissed evictions may be considered with proper documentation. If the applicants owned, rather than rented, their previous home, the applicant may be required to furnish mortgage company references and proof of title ownership or transfer.
CREDIT HISTORY:
Credit status will be checked via the appropriate Credit Bureau. A credit score less than 600 may result in denial. More than 25% of accounts showing as delinquent and/or in collections/judgment may result in denial. If allowed by applicable law, Logic Property Management MAY make an exception to the above Credit Requirements upon applicant providing a higher security deposit, a Co-Signer to the Lease that meets all credit requirements, a higher monthly rental rate, or a combination thereof.
CRIMINAL HISTORY:
Applicants will be asked to disclose any prior evictions, or pending criminal actions. A thorough criminal background check will be conducted. Failure to disclose is grounds for denial. Pending criminal actions will not, in themselves, be grounds for denial but may be factors used along with other criteria in the application review. Convictions of any sort will be evaluated on an individualized basis. Logic Property Management will consider the nature of the crime and the severity of the crime, along with how much time has passed since the criminal activity. Persons who are listed on any sex offender list will most likely be denied. Applicants with convictions relating to crimes involving violence, gang activity, arson, or injury to persons will most likely be denied. Applicants who have been recently released from prison, parole, or probation may be required to provide additional information and/or references.
SMOKING POLICY:
Smoking is considered to be the use of cigarettes, vaping, e-cigarettes, and other forms of smoking. Logic Property Management does not allow smoking in or on the property, or within 25 feet of any entrance of the property or a neighboring property. Logic Property Management reserves the right to not process applications and rent to applicants who smoke. Any exceptions to this are on a case by case basis and may require a higher deposit.
OCCUPANCY:
Logic Property Management follows city and county guidelines and regulations. Please check with the city and/or county for any occupancy restrictions.
CO-SIGNERS:
The option for a Co-Signer may be offered to applicants that do not satisfy the credit requirements, and/or rental/residency history requirements ONLY. All applications must still meet the income requirements on their own. Co-Signers must complete, sign, and pay for a separate application for the property. Co-Signers are subject to the same rental criteria, background checks, and verification as described above. If the application is approved, the Co-Signers must provide proof of income equivalent to 5.0 times the monthly rent of the property. If the application is approved, the Co-Signer must sign the rental agreement as if they are moving in to the rental. Co-Signers will be held responsible for the Lease and any other costs incurred on the Lease, such as damages should the occupying Tenant(s) default. Logic Property Management reserves the right to not offer to the option for a Co-Signer.
PET POLICY:
Check each available property for specific pet policies. There is a limit of 2 (two) pets per home. Pets may be denied if they do not receive a positive reference from the previous Landlord regarding the pet’s behavior, if the pet is not spayed or natured, and/or if a complete veterinary medical history (including immunizations and sterilization) of the pet is not provided. An additional pet deposit, monthly pet fee, (1) one-time non-refundable pet fee, or combination thereof will be required. Where applicable, restricted breeds will result in denial. If a pet is a registered service animal, proper documentation must be provided at the time the application is received. If a pet is considered an emotional support animal, a doctor’s note from a licensed medical professional that is considered capable to deem such animal as an emotional support animal will be required at the time the application is received. Such doctors note deeming an animal an emotional support animal must state that the applicant has a medical condition that can be alleviated with such emotional support. Unless otherwise specified, restricted pets & breeds include: Ferrets, Large Snakes (over 2 lbs), Exotic Animals, Birds (case by case), German Shepard, Doberman, Chow, Rottweiler, Akita, American Staffordshire Terrier, Pit Bull, Presa Canario, Great Dane, Wolf Hybrid. Where pets are allowed, pet deposit: $500 per pet; Monthly per pet fee (if applicable): $35-$50.
DEPOSIT REQUIREMENT:
An initial deposit (Holding Fee) will be required within 24 hours upon the approval of the application to secure the rental and have it removed from being advertised. Logic Property Management reserves the right to increase the required deposit in instances when an application does not meet income requirements or credit requirements, when there is a negative or lack of rental/residency history, when there is one or more pet on the application, or a combination thereof.
MISCELLANEOUS APPLICATION INFORMATION:
- Each applicant 18 and older is required to pay an application fee. This fee is NOT refundable under any circumstances, even if the applicant is denied tenancy.
- If we are unable to verify background and/or credit using the provided social or ITIN, we reserve the right to deny the application or require additional deposits.
- A text or email notification may be sent acknowledging the beginning of the processing of the application. Processing will not begin until the application is deemed complete.
- All applicants are judged on the same rental criteria. It is the applicant’s responsibility to review the rental criteria to provide Logic Property Management with the necessary evidential documentation and/or contact information to verify the information provided in the application. Logic Property Management reserves the right to decline an application for incomplete or untruthful information or documentation. Logic Property Management also reserves the right to decline an application for the applicant’s delay in providing Logic Property Management with information and/or documentation needed to verify the application.
- We can only hold a property for 2 weeks from the available date. If you need to wait longer, you will have the option but rent will begin being charged.
- You will be required to have a Renter’s Liability Insurance policy in place.
- The application that follows takes approximately 10 minutes to complete. Logic Property Management recommends that the applicant double-checks the information they provide to ensure there is no delay with processing the application for residency. Closing the application or browser will close the application and you will have to start over. Data is not accessible for your security.
- For questions or concerns regarding an application, please contact Logic Property Management at (385) 831-7545 and ask to speak to a screening associate.
