Q: What are the minimum requirements to rent an I Golf Rental Property?
A: All individuals over the age of 18 must complete an application. Photo documentation is required of all applicants.
Q: Is my application fee refundable?
A: Application fees are non-refundable once the application has been processed.
Q: What happens to my application fee if I do not find a rental property?
A: Application fees are non-refundable. No application will be processed without a paid application fee.
Q: What parameters will be used in qualifying me for an I Golf Rental Property?
A: We will conduct credit and background checks. Applicants must meet a minimum credit score unless special considerations are made with individual property owners.
Q: Why does it ask for references on my rental application?
A: We will check the previous residency of each applicant. We will attempt to obtain information regarding the last five years of residency. All information obtained concerning previous rental history must be satisfactory. There should be no prior records of evictions or any collections.
Q: Why does the rental application ask for my employment information?
A: Verification of current employment and income verification is next. Gross monthly income must be at least three (3) times the monthly rent amount, and debt ratio may not exceed 35%. If there is more than one applicant, then at least one of the applicants must individually meet 100% of the income requirement. Income may be verified by pay stubs, bank statements, and court decrees on child support or alimony.
Q: How is my private information handled?
A: All information collected for the processing of the application is considered confidential in nature and for Company use only. If information is not correct on the application, this may be a basis for denial of the application.
Q: What happens if multiple applicants want the same I Golf Rental Property?
A: Normally, applications will be processed on a first come first service basis; however, due to our fiduciary relationship with the owner, if more than one application is submitted before approval can be achieved, we are required to select the applicant best suited for the owners needs. The information that will be selected when choosing the best applicant for placement is the tenants income and ability to pay rent, credit worthiness, pets, length of lease term requested, move in date, and monthly rent amount. In this situation only, those applicants not approved will be refunded their application fee only if they otherwise meet our requirements for leasing.
Q: How much is the security deposit?
A: The Security Deposit is 120% of the monthly rent.
Q: What if I have a pet?
A: The acceptance of pets is conditional on the Owner’s approval. There will be an initial $25 pet application fee. Once the application is approved there is a $300 non-refundable pet fee, per pet (one time fee). No additional animals will be permitted other than the pets listed on the lease and pet addendum.
Q: What day is rent due?
A: Rent is due on the first day of the month and considered late on the 5th of the month. Rent must be IN the office by the fourth, not simply postmarked by the fourth.