Applicants
This page sets out Legacy Property Management (“LPM”) rental application policies and tenant qualification guidelines for the properties it manages.
A separate application packet is required for each adult, eighteen years of age or older, intending to occupy or co-sign for the property. Incomplete applications may not be processed.
Applicants may apply on-line by visiting our website www.CBLegacyPropertyManagement.com. You can select the property for which you want to apply and click on “Apply Now”.
1. Your rental application packet consists of:
A. Completed online application for all occupants over the age of 18.
B. Valid driver’s license or state issued identification card or valid passport.
C. Verification of income -Paycheck stubs for the last two (2) months or, if newly employed, a signed offer of employment, employment contract, or hire letter; Retirement and/or Social Security Income Statement; Financial aid award letter; Military LES; Child support award letter/divorce decree; or previous year’s tax return or Form 1099 for self employed or proof of any other lawful, verifiable and recurring source of income.
D. Non-refundable $50 application processing fee
E. Color pictures of pets and current rabies vaccination certificate (not a vet bill)
F. If you feel that you need to explain any information you provide to CBLPM in your rental application, you may attach a one-page typed or legible hand-written document, along with any documentation related to the issue.
2. Filling Out the Rental Application. All occupants that will live in the property, animals, vehicles, and trailers must be disclosed in the rental application. LPM is the managing agent for many different property owners. Policies regarding animals, vehicles, and trailers vary from property to property, depending on the property owner’s preference and any applicable Homeowner’s Association requirements. All such policies will be applied in accordance with applicable state and federal law. If a pet is approved, additional pet rent and/or fees may be charged. Reasonable accommodations for assistance animals will be provided, in accordance with applicable state and federal law.
**Incomplete applications will not be processed and LPM reserves the right to cancel any incomplete application**
3. Application Processing – Applications will be accepted for a property until an application is approved and deposit/rent monies are paid. Only complete applications with be run in the order in which they are received. Applicants will be contacted when the application is completely processed or if additional information is needed. The average processing time is 2-4 business days. Approved applicants will receive verbal or written notification. Denied applicants will be notified by mail sent to the current address listed on the Rental Application. Applications are good for 90 days after they have been processed.
The following information outlines our basic application guidelines
• Recommend 3x income of monthly rent.
Verification of income -Paycheck stubs for the last two (2) months or, if newly employed, a signed offer of
employment, employment contract, or hire letter; Retirement and/or Social Security Income Statement; Financial aid
award letter; Military LES; Child support award letter/divorce decree; or previous year’s tax return or Form 1099 for
self-employed or proof of any other lawful, verifiable and recurring source of income.
• Recommend above 600 Credit Score.
Credit Report. A credit report from a national credit reporting agency will be obtained on all applicants. Any history
of delinquent payments, collections, judgments, bankruptcies filed or discharged in the previous two years, or other
adverse credit information may be cause for denial of an application.
• Copy of photo your I.D.
• For pets, please attach their photos and proof of rabies vaccination.
• Rental history will be verified.
Rental history references must reflect timely payment, appropriate notice of intent to vacate, no evictions, and no
damage to rental units. Adverse information on your rental history or the inability to verify your rental history may
result in denial of your application.
• Criminal Background Check.
A criminal background check will also be obtained on all applicants. A conviction or a guilty plea, Alford plea, plea
of nolo contendere or other type of plea to a criminal charge may result in denial of your application.
4. Occupancy Standards. The number of individuals that can live in a particular rental unit is based on:
A. The size of the unit and the size and number of the bedrooms;
B. The age of the children, if any, that will occupy the unit;
C. The configuration of the unit;
D. The capacity of the septic, sewer or other building systems; and
E. State and local laws regarding occupancy limits.
5. If Your Application for a Property is Approved.
A. If your application is approved, you must do one of the following:
1. Immediate possession. Within two business days of approval of your application, you must pay the full security deposit. Deposit and rent can be paid on-line through the tenant portal which will be sent when the application is approved. Checks will also be accepted for payment of rent. However, no cash and no third party checks will be accepted.
2. Possession within two weeks. Within two business days of approval of your application, you must pay the full security deposit. You must pay the rent or prorated rent due within two weeks of approval of your application or on the date you move in, whichever date is earlier. Keys will be provided to you on the move-in date only if the security deposit and rent due have been paid. If you want to pick up the key outside of regular business hours, you must make advance arrangements for this. No Property Will Be Held Longer Than Two Weeks After Approval of an Application Without Owner Approval.
B. If you withdraw your application after it was approved and the property was taken off the rental market, any security deposit funds paid are subject to forfeiture.
6. If Your Application for a Property is Denied.
A. If LPM denies your application as a result of the credit report, criminal background check, employment and/or rental history verifications, LPM will provide you with a notice that will include the name, address and telephone number of the company that supplied the report and your right to dispute the accuracy or completeness of the information furnished, in compliance with applicable law.
