WE ARE AN EQUAL OPPORTUNITY HOUSING PROVIDER!

CRITERIA FOR OUR RENTALS

CRITERIA FOR PROPERTIES PRICED $1000/MO OR OVER

1. Credit score must be at least 620.
2. Monthly income must be at least three and a half times the monthly rent amount.

3. Must be at current job for the past 6 months.
4. No bankruptcies or foreclosures within the the past 2 years.
5. No evictions.
6. No felonies.
7. No outstanding utility collections or unpaid utility bills.

8. Landlord verification form required (no more than 2 late payments within the last 12 months from current landlord).

9. No outstanding balances owed to current or previous landlords.

* It is important that you read the screening criteria above.  If you do not believe that you will meet these qualifications, we recommend that you DO NOT complete the application and pay the application fee.

CRITERIA FOR PROPERTIES PRICED UNDER $1000/MO

1. Credit score must be at least 550.
2. Monthly income must be at least three and a half times the monthly rent amount.

3. Must be at current job for the past 6 months.
4. No evictions.
5. No felonies.
6. No outstanding utility collections or unpaid utility bills.

7. Landlord verification form required (no more than 2 late payments within the last 12 months from current landlord).

8. No outstanding balances owed to current or previous landlords.

* It is important that you read the screening criteria above.  If you do not believe that you will meet these qualifications, we recommend that you DO NOT complete the application and pay the application fee.

CRITERIA FOR PROPERTIES ACCEPTING SECTION 8 (for properties that accept Section 8)

1. No evictions.
2. No felonies.
3. No outstanding utility collections or unpaid utility bills.

4. No outstanding balances owed to current or previous landlords.

* It is important that you read the screening criteria above.  If you do not believe that you will meet these qualifications, we recommend that you DO NOT complete the application and pay the application fee.

CRITERIA FOR COSIGNERS

1. Credit score must be at least 620.
2. Monthly income must be at least three and a half times the monthly rent amount.
3. No bankruptcies or foreclosures within the the past 2 years.

Income Requirements

1. Each applicant is required to provide the most recent 2 paystubs from employer as proof of income. If employment is to begin shortly, applicant must provide an offer letter on company letterhead. If applicant lists another source of income, they are required to provide proof of that income.
2. Self-employed applicants must submit the previous 2 years filed tax returns for income verification and a current P & L.
3. Each applicant individually must be able to show three and a half times monthly rent in gross income in order to be approved.  A married couple can combine their income to qualify.

Applicant Screening Process

- The non refundable application fee is $30/adult who will be living in the property (each adult must complete their own application).

- Applications are processed in the order that they are received with all required documents and information.

- An application cannot be approved until all aspects of the screening policy have been completed and reviewed by the property manager.

- Housing is on a first come, first served basis, therefore, we do not hold properties until the application is approved and a deposit payment is made.

- If you do not meet our screening criteria, we may send your application to the owner of the property for approval.

© 2019-20 All Rights Reserved. City Place Indianapolis Property Management Company (Rentals, Duplexes, Apartments)

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