How Lyrik Properties LLC Selects Qualified Tenants
One question a landlord has to ask each time they fill a vacancy is whether the new applicant is telling the truth on their application. Truth about a tenant’s former rental history, work history, and of course, income and verifying income is absolutely critical in selecting qualified tenants.
Lyrik Properties starts with a solid rental application that includes all the basic contact information. We ask for the total monthly income amounts from all sources; employment, alimony, child support, etc. Income verification however is only half of the application process. We still need to determine a tenant’s worthiness by running an eviction report and criminal background check.
In addition, it often takes time to talk with previous landlords in order to verify an applicant’s rental history in order to complete the application process. Providing current and accurate contact information can processes your application quickly.
Our Rental Application includes a declaration at the end of the rental application, above the applicant’s signature, that spells out the consequences of providing false or misleading information — rejection of the application, termination of the lease and eviction. This declaration also includes an applicant’s consent to a tenant background check to in order to verify the information provided.
We require supporting documentation needed to prove that income. Depending on the applicant’s circumstances, that may include:
Pay stubs Tax records like W2’s, 1099’s or returns Award letters for government subsidies Court orders for support
Bank deposit records or bank statements Employer or client verification
It is our applicant’s responsibility to provide us with the proper documents needed to prove that their current income is sufficient to pay their monthly rent. A responsible landlord knows that Rents should never exceed 50% of any applicant’s monthly income. Failure to verify proof of income disqualifies an application.
Our application also includes ordering a credit report to verify financial responsibility and uncover any false statements at time of application.
At time time, Lyrik Properties does not accept Rent Assistance or co-signatory application arrangements
We thank you for taking your valuable time in reviewing information on our application process and hope you found this information helpful in the event you choose to submit an application with us.
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As mentioned, this rental property is a SMOKE & PET FREE environment and does not qualify for rent assistance. We also seek someone handy that will help us keep this property clean and safe inside and outside.
Lyrik Properties does a background check on each adult applicant (work, rental, and credit history).
Common reasons for denial; Open Bankruptcy, Eviction, excessive debt, non-payment history, late payment history, and/or criminal history. NOTE: Because this property is within a school zone, applicants who have been convicted of drug activity and/or listed as sex offenders would not qualify.
HOW DO I KNOW IF I AND MY FAMILY CAN QUALIFY
While we cannot Guarantee acceptance of any application, we will try our very best to help you pre-qualify. As long as you have not had rent evictions, excessive debt, or a history of late payments you can be confident that we will do our best to help you qualify for one of the nicest rental properties you and your family will be proud to call ‘Home’ for many years to come.
EACH ADULT SHOULD BRING The Following Information:
Print Full Name
Date of Birth
S.S.#
Driver’s License #
Current Address:
City – State – Zip Code
Time There - Years-Months
Tele. #
Current Rent $
Reason For Leaving:
Current Landlord
Address
Tele. #
Previous Address
City - State - Zip Code
Time There - Years-Months
Previous Landlord
Address
Tele. #
Current Employer:
Address:
Supervisor’s Name
Telephone
Time There - Years-Months
Position
Monthly Income $
Additional Income $
Previous Employer
Address
Supervisor’s Name
Employer’s Tele. #
Time There - Years-Months
Position
How Many Members In Your Family. # Adults - # Children under age 18
Bank References - Checking and/or Savings Accounts
Personal Reference (other than a relative)
(If student) University/School: Year - Major & Source of funding
What Is Your Current FICO Credit Score?
How Would You Rate Your Credit – Work - Rental History?
Additional Information Helpful In Approving Your Application?
If possible, please bring a current COPY of your credit report with you at time of application or Lyrik Properties will provide a credit check service for a fee on your behalf. Obtaining your own credit report will speed up the application process.
