RENTAL APPLICATION POLICIES
AND RESIDENT QUALIFICATION CRITERIA
INVESTORLANDO REALTY DOES BUSINESS IN ACCORDANCE WITH THE FAIR HOUSING ACT, AND DOES NOT DISCRIMINATE ON THE BASIS OF SEX, SEXUAL ORIENTATION, MARITAL STATUS, RACE, CREED, RELIGION, AGE, FAMILIAL STATUS, DISABILITY, COLOR, NATIONAL ORIGIN, OR ANY OTHER PROTECTED BASIS. INVESTORLANDO REALTY IS THE MANAGING AGENT FOR MANY SEPARATE OWNERS; THEREFORE, POLICIES AT EACH PROPERTY MAY VARY DEPENDING ON THE PARTICULAR ASSOCIATION OR OWNER'S PREFERENCE.
1.) A separate application is required for each adult, eighteen years of age or older, intending to occupy the property. Each application must be filled out completely and signed by the applicant. Full name of all occupants, pets, all vehicles and any water-filled furniture must be on application. A credit report from a national credit reporting agency will be obtained on all applicants. Incomplete applications will not be processed. Complete applications include: "Rental Application Policies and Resident Qualification Criteria," "Rental Application Disclosure and Authorization," and "Rental Application."
2.) A processing fee of $40.00 must accompany each application. If paid in cash the exact amount is required. The processing fee is non-refundable. No application will be processed without a processing fee. Deposits or holding fees must be separate from the rent or application fees. If the applicant is applying to rent a unit governed by a condominium or homeowners association, the applicant may be required to submit a separate application and/or fee to the association for processing and approval.
3.) Applications from other applicants are accepted until an application is approved. Because of the fiduciary relationship INVESTORLANDO REALTY has with owners, if more than one application is submitted before approval can be achieved, then the most qualified applicant will be approved for placement. Remaining applicants may consider other properties available from INVESTORLANDO REALTY's rental list.
4.) Applicants preferably should have a combined gross income of at least three times the monthly rent or comparable amount if income is tax-free.
5.) Reliable documentation and telephone numbers for all income sources must be provided. Employment will be verified on all applicants. Self-employed applicants may be required to produce, upon request, the previous year's Tax Return or 1099. Non-employed applicants must provide proof of income. A history of any of the following by any household member is cause for rejection of a rental application: Any conviction or adjudication other than acquittal of a sex offense. Any conviction or adjudication other than acquittal of a felony within the past seven years. Residency must be verified for a minimum of the last twenty-four months with no interruptions. Rental history references must reflect timely payment, appropriate notice of intent to vacate, no complaints regarding disturbances or illegal activities, no NSF checks, no damage to previous rental units and no failure to leave the premises clean and without damage at the time of lease termination. Any history of eviction actions is cause for rejection of a rental application.
6.) As per guidance from the United States Department of Housing and Urban Development ("HUD"), maximum occupancy is two persons per bedroom.
7.) Pets are permitted, on certain properties, at the sole discretion and approval of the owner/landlord. Be aware that the following dogs may be restricted by the insurance company for the home you are applying for: Akitas, Alaskan Malamutes, American Bulldogs, Chows, Doberman Pinschers, German Shepherds, Great Danes, Pit Bulls, Presna Canarios, Rottweilers, Siberian Huskys, Staffordshire Bull Terriers, Wolf Hybrids, and mixed breeds. If a pet is approved, a $100 non-refundable pet fee per dog and a $100 non-refundable pet fee per cat will be required. An additional security deposit or pet fee may be required at the sole discretion of the owner.
8.) Proof of insurance (FS 83.535) must be provided for any water-filled furniture.
9.) If approved the applicant must do one of the following:
- Sign a Lease Agreement within two business days of approval and all monies due—rent, security deposit, pet fees etc. must be paid in full with certified funds (cashier's check, bank check or money order) at the time of lease closing and prior to taking possession of the premises. Rent and Security Deposit must be paid with separate funds;
- This application will also serve as a Holding Agreement. This Holding Agreement is binding when applicant pays a Holding fee equivalent to at least one month's rent to hold a property until a lease is signed on or before the lease start date stipulated on this application. No property will be held for longer than two weeks without owner approval. Holding fees must be paid with certified funds (cashier's check, bank check or money order). In the event the applicant fails to enter into a Lease Agreement by the date stipulated on this application, the applicant shall forfeit the Holding fee. In the event an applicant fails to sign a Lease Agreement or submit a Holding Agreement within two business days after approval, it will be assumed that the applicant has withdrawn and the property will be offered to others.
10.) Applicant is required to pay a security deposit at the time of lease closing in a minimum amount of one month's rent. In owner/landlord's sole discretion, a higher security deposit, additional pre-paid rent and/or guarantors may be accepted in lieu of acceptable credit or landlord history. A guarantor must complete an application packet and be qualified in order to be a guarantor. When lease is fully executed and all monies paid, all Holding fees become security deposit per the Lease Agreement.
11.) Our company policy is to report any amounts owed at the end of your tenancy to a collection agency and/or national credit-reporting agency.
12.) Applicant acknowledges that the Landlord is not obligated by receipt of a deposit or holding fee to lease to applicant, but that a decision will be made within 2 business days based on the verification of the information given and to which applicant so agrees. The application is preliminary only and does not obligate owner or owner's agent to execute a lease or deliver possession of the proposed premises.
FORM OR YOU WOULD LIKE TO COMPLETE AN APPLICATION BY HAND AND PAY IN PERSON, PLEASE CLICK HERE FOR A PDF VERSION.
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