Application Requirements

HOW WE SCORE AN APPLICATION

• CREDIT:
  • All applicants credit scores must be 650 or higher and have no more than 3 accounts in collections.
  • Scores of 600-649 can sometimes be approved conditionally, but applicants must: 1) have an average of less than 3 or more unpaid collections per applicant, 2) AND will require a double deposit, 3) AND you must have excellent income and rental history.
  • If one or more of the applicant’s scores is below 600, we cannot rent to you, even with an extra deposit.
  • Any applicant showing no credit score will require a double deposit.
  • All information shown on the credit report is subject to verification, including previous address and place of employment.
  • Negative, past due or adverse debt, collections, judgments, and or liens exceeding $10,000 will result in denial of the application, regardless of overall score.
  • Applicants with an open bankruptcy will automatically be denied.
  • Credit reports supplied by applicants are not accepted.
• RENTAL HISTORY:
  • One year of good, verifiable (non-family) rental history or homeownership is required immediately preceding the date of your application.
  • A double deposit may be considered for lack of rental history (without homeownership).
  • Evictions, small claims suits and/or collections by any previous or current landlord will be cause for rejection.
  • Applications may also be denied for damages beyond normal wear and tear, illegal activity on premises, and/or reports of non-compliance.
  • Any landlord reference that includes two or more late payments and or return checks may result in denial or in a double security deposit, at Management’s discretion.
  • Any instance of a security deposit which was not returned due to damage of the rental unit beyond normal cleaning and/or any instance of proper Intent to Vacate Notice not being given to a landlord and/or a broken lease, may all be cause for denial.
  • It is not possible for us to consider rental history if a current or former landlord is non-responsive, or the landlord’s contact information is not provided.
• CRIMINAL HISTORY:
  • Applicants may not be accepted if they have been convicted of a violent crime less than seven (7) years since the convicted date. Regardless of date, no applicant will be accepted with a conviction for: an act of violence (against a person or property), sex crime, burglary, criminal trespass, stalking, vandalism, arson, gang involvement, or illegal manufacturing or distribution of drugs. However, per Federal regulations, special accommodations may be requested for certain drug and/or alcohol-related convictions. Florida Palm Property Management reserves the right to consider all criminal activity, arrests, pending charges, and convictions on a case-by-case basis.
• NET INCOME:
  • Income will be verified by a trusted 3rd party, encrypted verification company, MagicDoor.
  • Applicants must be able to prove a combined monthly net income of at least THREE times the monthly rent.
  • Liquid assets, investments, etc. may be counted if it is verifiable and will require a double security deposit and minimum credit score of 650. In addition, proof of one year’s worth of rent in liquid asset accounts is required.
  • Income guidelines may be waived at the discretion of Florida Palm Property Management if applicant pre-pays rent for the full term of the lease.
  • If you are relocating from out of the area, we will need verifiable documentation to show you have verifiable income once you relocate.
• ROOMMATES:
  • We do not allow more than 3 unrelated adults in a rental home. Some properties may not allow roommates.
• CO-SIGNERS:
  • Co-signers are not accepted.