Rental Application Policy

1. Before You Apply

• • The non-refundable application fee is $35.00 per adult applicant (18 years and older). This fee covers credit screening, criminal background check (only where permitted by municipality), and income verification. Limitless Property Management does not retain any portion of the application fee.
• • Photo identification is required to complete the application.
• • Application processing does not begin until fees are received and all applicants in the group have submitted and completed their applications.
• • We screen tenants on a first-come, first-served basis regardless of municipality. The first completed application group that meets all requirements will be offered a rental agreement.

2. Identification

Applicants must provide either a driver's license or another form of signed photo identification. Photo identification will not be considered valid unless it contains a signature.

3. Income Requirements

• • The combined income between all applicants must equal or exceed 2.5x the cost of rent per month.
• • Income must be legally obtained through a permanent position and verifiable through paystubs, tax documents, or employment offer letters.
• • Depending on employment circumstances, income may be verified through tax returns, bank account statements, or similar documentation.

4. Public Records

If permitted in the municipality where the prospect is applying: civil, criminal, and state/federal records showing crime against either property or persons will be evaluated. Exceptions - such as the type of offense, evidence of rehabilitation, and time elapsed - may be made on a case-by-case basis. Requirements vary by municipality.

5. Rental History

• • Current and/or previous verifiable rental history spanning the last two years is required, including the email and phone number of landlords.
• • Other acceptable forms of residential history may include mortgage history, school dormitory reference, or employment contracts.

6. Credit Requirements

• • You are required to authorize a credit report. Both current and previous credit will be evaluated.
• • Our required credit score is 650, but exceptions may be made on a case-by-case basis.
• • Denial instances may include a recorded unlawful detainer action, unpaid collections, open bankruptcy, or unpaid judgments.
• • Any negative accounts will be considered alongside the applicant's current economic situation.

7. Additional Information

False information, or an inability or refusal to produce required information, will result in denial of your application.

Inability to meet the above requirements may result in denial or conditional approval, which may include advance last month's rent payment, increased security deposit, and/or the addition of a co-signer.

8. Co-signers

• • In the instance of no verifiable credit or rental history, a co-signer may be acceptable.
• • Co-signers are required to fill out a rental application and pay the $45.00 application fee.
• • Co-signers must have an income level of at least 5x the monthly rent and no negative credit or criminal history (where permitted by municipality).

9. Next Steps

The screening process may take one to three business days, depending on how completely the application is filled out and the response time from current or previous landlords.

Once screening is complete, all information will be evaluated and a decision made on a first-come, first-served basis. A rental agreement will be offered to the first qualified applicant group in line.