Rental Criteria
Please be prepared to pay the application fee as outlined in the property listing. In addition to this rental application, you will also be required to provide a copy of a valid form of identification and proof of income.
To complete this rental application, you must be prepared to provide 3 years of residential history as well as contact information for your rental references. You will also be asked to provide information on your monthly income, and please note that most properties require that applicant combined gross income is at least two (2) times the monthly rent amount.
Each resident over the age of 18 must submit a separate rental application.
Renters insurance with a minimum liability of $100,000.00 is required.
The minimum Security Deposit is equal to one month rent. A $500 non-refundable deposit is required within 48 hours of application approval to hold an apartment.
Leases must be executed within 2 days after approval of your application.
OCCUPANCY POLICY
1.) Occupancy is based on the number of bedrooms in a unit. A bedroom is defined as a space within the premises that is used primarily for sleeping with at least one window and a closet space.
2.) Two persons are allowed per bedroom. Exceptions are made for children under age two. Children under age two are allowed as a third occupant when the child resides with the parent or other adult(s) maintaining proper legal custody.
APPLICATION REQUIREMENTS
1.) Complete an application for residency and all Financially Responsible applicants must pay the non-refundable screening fee of $50. The application will not be processed until this fee is received. Applications are required for each resident age 18 years or older, emancipated minors, and heads of household under the age of 18. Incomplete Applications will not be processed.
2.) A valid driver’s license or picture ID is required prior to processing the application. Applicant must be a legal United States Resident or show proof of legal status, student verification or immigration documents.
3.) Co-signers must submit an application and meet all stated criteria as listed.
4.) Unfavorable information for any individual applicant may result in the denial of all applications for the household.
RENTAL HISTORY
1.) At least one year of residential history and valid contact information for past rental references is required; friends and family members cannot be considered as a reference. Residential history must be from a private landlord or from another management company. If applicant(s) has no prior residential history, an additional security deposit will be required.
2.) Applications found to be incomplete, inaccurate or fraudulent will be grounds for denial. Information subsequently discovered to be inaccurate and/or fraudulent will be grounds for denial or eviction.
3.) Rental history reflecting three (3) or more NSF checks, 72-hour notices or Notice of Non-compliance within a one-year period will be grounds for denial.
4.) A negative landlord reference regarding non-payment of rent, consistent late rent, noise or disturbance or any other violation of the rental agreement will result in an immediate denial if there are four or more violations in any 12-month period within the last three (3) years.
5.) An unpaid balance to a prior landlord will be grounds for denial, with the exception of the Covid protected period.
6.) An eviction in the last 5 years will be grounds for denial.
INCOME / EMPLOYMENT REQUIREMENTS
1.) Monthly income (wages, non-government rent assistance, monetary public benefits) must be at least 2 times the monthly stated rent. Income that does not meet this requirement will require a qualified co-signer.
2.) Self-employed applicants will be required to provide pay stubs, W-2’s or previous years’ tax returns as proof of income.
3.) Proof of Income must be documented. Employment must be verified via current paycheck stubs or employer offer letter.
4.) A co-signer’s gross monthly household income must be at least 3-times the monthly stated rent and have a credit score 650 or better.
5.) A verifiable (liquid) checking or savings account can be considered income. The balance must be 3 times the monthly rent amount times the number of months in the duration of the lease.
CREDIT HISTORY
1.) Negative or adverse debt showing on consumer credit report may require additional security deposits and/or a qualified co-signer.
2.) Negative information by consumer credit reports showing unpaid debt obligations of more than $1,100 may require additional security deposits and/or a qualified co-signer, or result in denial.
3.) Three or more unpaid collections (not related to medical or student loan expenses) may require additional security deposits and/or a qualified co-signer.
4.) Credit score of 550 or less may require additional security deposits and/or a co-signer.
5.) If you are applying for a LIHTC/MULTE/Affordable Program unit, we may have you complete supplemental documentation as part of our Tax Credit Compliance requirements, which may include information about your assets. Please note that participation in this program once you've applied is not optional.
CRIMINAL HISTORY POLICY
Upon receipt of the rental application and screening fee, landlord will conduct a search of public records on all applicants to determine whether the applicant or any proposed tenant has been convicted of, or plead guilty or no-contest to, any crime.
A single conviction, guilty plea, no contest plea or pending charge for any of the following shall be grounds for denial of the rental application. If there are multiple convictions, guilty pleas or no contest pleas on the applicant’s record, Owner/Agent may increase the number of years by adding together the years in each applicable category. Owner/Agent will not consider expunged records. ALL APPLICANTS MAY PROVIDE SUPPLEMENTAL EVIDENCE TO MITIGATE POTENTIALLY NEGATIVE SCREENING RESULTS.
a) Murder, manslaughter, criminally negligent homicide, aggravated vehicular manslaughter, class A felonies involving arson, rape, kidnapping, child sex crimes, where the date of disposition, release or parole has occurred in the last 20 years.
b) Class A felonies not included above for drug-related crimes, person crimes, sex offenses, financial fraud crimes, burglary, where the date of disposition, release or parole has occurred in the last 10 years.
c) Class B Felony for drug-related crimes, person crimes, sex offenses, financial fraud crimes, aggravated theft, where the date of disposition, release or parole has occurred in the last 7 years.
d) Class C felony for drug-related crimes, person crimes, sex offenses, financial, burglary, theft, criminal mischief, coercion, animal abuse, where the date of disposition, release or parole has occurred in the last 5 years.
e) Class A misdemeanor for drug-related crimes, person crimes, sex offenses, financial fraud crimes, criminal impersonation, violation of a restraining order, criminal mischief, stalking disorderly conduct, unlawful possession of a firearm, possession of burglary tools, where the date of disposition release or parole has occurred in the last 3 years.
f) Class B misdemeanor for drug-related crimes, person crimes, sex offenses, financial fraud crimes, disorderly conduct, where the date of disposition, release or parole has occurred within the last 18 months.
g) Pending charges or outstanding warrants for any of the above will result in a suspension of the application process until the charges are resolved. Upon resolution, if an appropriate unit is still available, the processing of the application will be completed. No unit will be held awaiting the resolution of pending charges.
OTHER
1) PLEASE COPY AND PASTE THE WEBSITE LINKS BELOW FOR IMPORTANT DISCLOSURES:
City of Portland Notice to Applicants relating to a Tenant’s right to request a Modification or Accommodation
https://beta.portland.gov/sites/default/files/2020-01/notice-30.01.086.c.3.b-modification-or-accommodation.pdf
City of Portland Notice to Applicants referencing where an Applicant could obtain the Portland Housing Bureau’s Statement of Applicants Rights
https://beta.portland.gov/sites/default/files/2020-01/notice-30.01.086.c.3.c-application-and-screening-rights-and-responsibilities.pdf
2) Applicant can choose to disclose Disability Status or Mobility Disabled status by contacting us at leasing@bencomanagement.com.
3) If applicant is denied, applicant has 30 days to appeal denied applications with the opportunity to correct, refute, and/or explain negative information forming the basis for the denial.
