Masterson Properties, LLC
Statement of Rental Policy

We are glad you are interested in our rental property.  For your convenience, we have prepared this overview of our guidelines used in processing all rental applications.  Please feel free to ask any questions.

We are an equal opportunity housing provider:  It is our policy to rent our units in full compliance with the Federal Fair Housing Act and all state and local fair-housing laws.  We do not discriminate against any person because of race, color, ethnic background, religion, sex, age, martial or family status, physical disability or sexual orientation.

Rental Unit Availability:  Rental units only become available when they are completely ready to rent, including cleaning, painting, and the completion of all maintenance work and planned improvements.  Rental unit availability can change as units become available during the day or are removed from the rental market based on rentals, cancellations or maintenance issues.

Valid Photo Identification and Written Authorization:  You must be able to present a current photo identification such as a driver's license, military or state identification card or passport so that we can verify your identity.  We require a photocopy of your ID at the time of application.  You must authorize us to verify all information provided in your rental application from credit sources, credit agencies, current and prior landlords, employers, and personal references, and allow us to run a criminal background check.

Occupancy Guidelines:  In compliance with all applicable fair-housing laws we have established restrictions on the total number of persons that may occupy a given rental unit.  These guidelines are to prevent overcrowding and are in keeping with the limitations of the rental unit and its building systems.  Occupancy will be limited to the persons indicated on the original rental application and lease only, unless otherwise agreed in writing.  Any proposed additional tenants must complete a rental application and be processed and approved through this same tenant-screening process prior to occupying the rental unit.

Application Process:  All rental applications are evaluated in the same manner, and each adult (18 years or older) applicant must voluntarily provide his/her social security number for us to obtain a consumer credit report.  Each adult applicant must complete a separate application form and pay the non-refundable application fee in advance.  Any false or incomplete information will result in denial of your application.  If discovered after you are approved and have moved in, we reserve the right to terminate your tenancy.  We will verify the information provided on each rental application through our own screening efforts and/or with the assistance of an independent tenant-screening firm.  A credit report, criminal history, and employment and rental references for each and every applicant in a given rental unit will determine whether our rental criteria have been met.  Unless we need to verify information by regular mail, we are usually able to process a rental application in one or two days.

Pet Policy:  Masterson Properties, LLC is pet friendly, welcoming both cats and dogs with only a few breed restrictions.  The following dog breeds are not permitted in any of our represented properties.  Please do not complete an application if you have an animal listed as your application will not be approved:  Akita, Argentinean Mastiff, Bull Mastiff, Cane Corso, Chow, Doberman, English Bull Terrier, German Shepherd, Pit Bull Terrier, Rottweiler, Ridgeback, Wolf Hybrid, mixed breeds including any of the previously mentioned, guard dogs, and any dog with a past history of biting or that has "demonstrated aggressive behavior".

 

Rental Criteria

Income:  The total combined monthly gross income of all rental applicants in a given rental unit must be at least three (3) times the monthly rental rate.  Only income that can be verified will count.  We expect rental applicants with income to prove at least one year of continuous employment.  Full-time students are welcome if the total income of all applicants combined is sufficient or with a lease guarantor.  You must provide proof of a source of income if you are unemployed.  Remember:  All adult tenants are joint and severally liable, which means that each one can be held responsible for the payment of all funds due regardless of ability to pay.

Credit History:  You must be able to demonstrate fiscal responsibility.  If you have any charge-offs, unpaid debts, or a pattern of delinquent payments, your application may be denied.

Rental History:  Each rental applicant must be able to demonstrate a pattern of meeting their rental obligations, leaving prior rental properties in good condition and not having a pattern of complaints from neighbors.  We will require satisfactory rental references from at least two prior landlords.  It is your responsibility to provide us with the information necessary to contact your past landlords.  If you owned rather than rented your previous home, you will need to furnish mortgage company references.  If you have ever been evicted for any leased violation, your application may be denied.

Criminal History:  If you have ever been convicted of (or pled guilty or no contest to) a felony, or a misdemeanor involving violence, sexual misconduct or honesty, your application may be denied.  Criminal convictions for certain types of crimes will result in denial of your application.  Your application will be denied if, in the past three (3) years, you have been convicted of any type of crime (including the manufacturing or distribution of controlled substances) that would be considered a serious threat to real property or to other resident's peaceful enjoyment of the premises.

Guarantors:  If you do not meet one or more of the above criteria, you may be able to qualify for a rental unit if you have a third party located within the state that will guarantee your lease.  The guarantor must pass the same application and screening process, except that we will deduct the guarantor's own housing costs before comparing his or her income to our income criteria.

Accepted Applicants:  If your application is accepted, you will be required to sign a rental agreement in which you will agree to abide by all rules of the rental unit.  A complete copy of our rental agreement is available for anyone who would like to review it.  You will be required to have all utility services connected to your name prior to the signing of the lease document and provide the confirmation numbers.  All monies due must be paid at the time of the signing of the lease.  This would include but not limited to the security deposit and first month's rent.

 

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