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Rental Qualification Requirements
Main Street Realty is an equal housing provider and strictly adheres to Fair Housing Laws. Main
Street Realty does not discriminate based on race, color, religion, sex, familial status or handicap
(disability).
All occupants 18 years or older must apply as an Applicant and will be required to sign a lease/rental
agreement. Occupants who are 18 or older and consider to be “under the care if adult occupant” will
be exempt from qualifying and signing a lease/rental agreement. This would include, but not be
limited to; adult children of adult occupant, non-working parents of adult occupant, etc.
Applicants will be qualified based on the following criteria:
Credit History:
• Applicants who have filed bankruptcy within the last twelve (12) months or thereafter will be
reviewed and approved by the landlord on a case-by-case basis.
• Applicants with any unpaid collection accounts or “charge off” accounts within the last
twelve (12) months will be reviewed and approved by the landlord on a case-by-case basis.
• Applicants must have a minimum of two (2) satisfactory accounts (accounts with no late
payments) for every account with a late payment (such as credit card, utility billings or
unsecured accounts).
Rental History:
• Applicants must have two (2) years of verifiable rental history or resident ownership with out
any late payments.
• Applicant must receive satisfactory standing from current and previous landlord (in writing)
in regards to payment history, condition of property during tenancy, upon vacating and
ability to adhere to the terms of the lease agreement and /or any rules or regulation with
regard to the property.
• Applicant with a prior eviction or unlawful detained will be reviewed and approved by the
landlord on a case-by-case basis.
Income Requirements:
• Applicant must have two (2) years of verifiable income history
• Total gross income of all Applicants qualified, as signatures on the lease must equal a
minimum of three (3) times the monthly rental amount. (except section 8).
Applicant is hereby made aware that the Security Deposit will be equal to 125% of the monthly rental
amount (rounded to the nearest $100.00). Security Deposit may be increased for addition of any pets.
Acceptance of Pets and Smoking are the decision of the Property Owner and any increase in security
deposit related to each will be made by Owner within the guidelines of current Real Estate Laws and
Requirements.
Applicant is hereby made aware that the Owner of Property will be make a final decision on
qualification of Applicant should Applicant not qualify based on Main Street Realty’s qualification
requirements. Owner and Applicant are open to negotiate terms of the lease/rental agreement in regard
to security deposit, terms of lease, etc. as long as all terms are not in conflict with the current Real
Estate Law and Requirements. Example: Owner has authority to accept Applicant not qualified based
on Main Street Realty’s qualifications with the addition of increased security deposit.
