What are the normal qualifications to lease?
There are 4 common items found on the application. Job History/Income, Rental History, Criminal Background Check and Credit History.
Job History/Income: Most managers want you to have at least 6 months of employment history or school. They also want at least 3 times the rent of verifiable household income (before taxes). In most cases this is a combined total of every employed occupant. For example, a 2 bedroom renting for $700 requires a total income of at least $2100/month at 3 times the rent. Some income-qualified properties have a maximum limit as well. A “co-signor” will help with certain financial situations such as students and other situations.
Credit History: This varies from property to property, so ask us about your situation, and we will help you find the best option. We have apartments that work with repos, bankruptcies, foreclosures, etc.
Rental History: Many managers check your past 2 years of rental history. In some cases, a “co-signor” will help here as well. If you have a broken lease, we can still assist you. First time renters usually can get a place based on their employment and credit. In some cases, a co-signor may be helpful.
Criminal Background Check: Every property is going to do a full criminal background check for felonies and misdemeanors. Although about 98% of the properties in San Antonio will decline you if you have one, we know of the ones that will work with you. It all depends on the crime and how long ago it was. .