Rental Policies

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1. Household Income – We must be able to verify the income of each tenant is 2.9 times the total monthly rent. For those not able to meet this requirement, we may consider cosigners that meet our rental criteria and have a combined income of at least 5 times the total monthly rent.  Cosigners must complete an application, pay the fee and be listed on the lease.  For multiple tenants, we may consider the combined income of all tenants, so long as, no individual makes less than 2.5 times the total monthly rent - unless legally married.  Legally married couples must make a combined income of 2.9 times the total monthly rent with one spouse making at least 2.5 times the total monthly rent. You must provide last three months of pay stubs. Self-employed can provide their last 2 tax returns and the last three months of bank statements showing deposits. Other forms of income (child support, social security, SSI, etc.) may be considered if you can provide us with documentation. We will not consider unverifiable income. 

 

​2.  Submission of a false, misleading, or incomplete application, or an application that contains material omissions or non-verifiable information, is a basis for denial or termination of a lease approved based on a false or misleading application. Failure to be truthful or making material omissions on the rental application shall be a breach of the lease and grounds for eviction.

 

3. Background check - With the rental application we use a tenant screening service to check the following on the prospective tenant’s record: Rental References, Household income, Criminal History, Credit History, Unlawful Detainers/Evictions.  We do not accept credit reports from anyone else. 

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4. Criminal History – We will screen for criminal history, and an adverse criminal record history may be a basis for the denial of an application. We will not deny an application based on misdemeanors older than three (3) years or for most felonies older than seven (7) years, with the exception of first-degree assault, first degree arson, aggravated robbery, murder, first-degree manslaughter, kidnapping, or first-degree sexual conduct, that are older than ten (10) years. In addition, applications of persons convicted of the illegal manufacture or distribution of a controlled substance, or where a household member is subject to a lifetime sex offender registration, will be denied regardless of the age of conviction.

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​5. Unlawful detainer or eviction case history will be checked. Evictions within three (3) years where there was a judgment or Writ of Recovery against the applicant, or within one year where the eviction was settled with no judgment or Writ of Recovery may be a basis for denial of an application.

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6. Rental References – The address of the property and phone number for each landlord or property management company in the last five years must be provided. For first time renters or prior homeowners, this requirement can be varied. If we are unable to reach prior landlords or property management companies or a negative reference is received, the application may be rejected.  We do not accept references from family or friends.  Rental history reflecting any unpaid past due rent, damages or fees will result in denial.  Rental history showing excessive property damage, excessive noise, or unruly behavior will result in denial. Providing ANY false or intentionally incomplete information is grounds for immediate denial/rejection or termination of tenancy.  Failure to be truthful or making material omissions on the rental application shall be a breach of the lease and grounds for eviction.

 

7. Credit History – Any negative credit or bank references is grounds for rejection of an application. This includes a poor credit report, late or non-payment of bills, outstanding debt to rental property owners or utility companies, excessive monthly financial obligations or a bankruptcy filing. Credit score >620 - we will not deny solely on credit score. Debt to Income Ratio - Generally not to exceed 40%

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8. Pets & Assistance Animals – Some buildings do allow certain pets on a case-by-case basis. An additional pet fee is required. The maximum number of pets is 2 and getting prior consent from management is required. If you are applying with pets, you must provide a separate pet application and a recent picture of the pet. See our Pet Policy for details. We provide exceptions to this policy for assistance animals, provided the applicant complies with our verification forms and procedures.

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9. Smoking/Drugs –Our rentals are non-smoking.  Smoking, vaping, and illegal drug use are prohibited anywhere on the premises and are grounds for eviction. 

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​10. Equal Opportunity – Cinch Properties, is an equal opportunity housing provider. We do not discriminate on the basis of sex, race, color, creed, national origin, ancestry, marital status, religion, disability or sexual orientation.

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11. Application - A rental application must be filled out completely and accurately by each tenant 18 years or older. There is a $50 processing fee per person.  The fee is non-refundable.  Each applicant must provide a valid government issued photo ID. Applicants must be capable of qualifying on their own.  At least 1 Adult must have participated in a showing prior to submitting an application. Incomplete or inaccurate applications will not be processed. Inaccurate applications, if discovered after the tenant moves in, are grounds for termination of tenancy. We have the right to deny any application if the information cannot be verified.  Applications are processed on a first-come, first-served basis. We reserve the right to request additional information.  All required information and documents must be received within 24 hours of submitting your application or request for more information or your application will be considered incomplete and denied.

 

12. Employment - Must be employed with a positive employment or business history of two years or more is required. Less than two years may be considered with contract or documentation. If retired, tenant must meet income requirement.

 

13. Business Relationship - The relationship between a landlord and tenant is a business relationship. A courteous and business-like attitude is required from both parties. We reserve the right to refuse rental to anyone who is verbally abusive, swears, is disrespectful, makes threats, or is “under the influence,” is argumentative, or in general displays an attitude at the time of the apartment showing and application process that causes us to believe we would not have a positive business relationship.

 

​14. Lease, paperwork, security deposit - After the application is approved and before the tenant moves in, the lease and any additional paperwork must be signed as well as the security deposit and first month’s rent must be paid in full. Each adult Tenant must review and sign the rental agreement. We typically set an appointment and take about 15-30 minutes to cover the highlights and answer any questions you may have. It is your responsibility to read and understand the rental agreement before signing it. Monthly rent payments must be made via an online portal.

 

A PROSPECTIVE TENANT WHO PROVIDES MATERIALLY FALSE INFORMATION ON THE APPLICATION, OR OMITS MATERIAL INFORMATION REQUESTED, IS LIABLE FOR DAMAGES, PLUS A CIVIL PENALTY OF UP TO $500, CIVIL COURT FILING COSTS AND REASONABLE ATTORNEY FEES.