Tenant Qualification Requirements
Thank you for your interest in our properties. Our qualifying criteria is outlined below. Please read these requirements thoroughly prior to application. Application fees are non-refundable.
APPLICATION DOES NOT CREATE A LEASE. Your application, even if accepted, shall under no circumstances be considered a lease agreement between Applicant and Landlord, or an offer to lease. No lease shall exist between Applicant and Landlord unless and until the parties enter into a formal Lease Agreement with required signatures and Applicant pays all required fees, security deposit and reservation deposit.
AUTHORIZATION. By applying, applicant authorizes VistaRay USA, Inc. to verify background, credit, employment, and rental history. If any required documents are missing from the application process, applicants may be immediately denied.
APPLICATIONS ARE NOT ACCEPTED ON A FIRST COME, FIRST SERVED BASIS. O.C.G.A §10-6A-6 requires brokers to present ALL offers to lease to the landlord/owner. The landlord/owner reserves the right to accept the best offer based on economic considerations. These considerations include, but are not limited to, the move-in date of the applicant, the rental rate offered by the applicant, any concessions requested by the applicant, and the creditworthiness of the applicant.
1. Applicant will submit 2 forms of valid photo ID ◄ (DL and SS Card accepted)
a. Acceptable forms of ID include
2. Applicants’ net monthly income must equal to or exceed 3x total rent. Occupant guarantors must show a gross monthly income equal to or exceeding 5x total rent. Non-resident guarantors will not be accepted.
Required income documentation:
- Employed
3. Prior Employment history for past 3 yrs if different ◄
4. Prior Rental and/or Mortgage payment history past 3 yrs
5. Applicant Screening
A background screening will be completed on all applicants to verify credit worthiness. A credit report will be obtained on all applicants to verify credit ratings. Income plus verification of credit history will be entered into a credit scoring model to determine rental eligibility and security deposit levels. This credit scoring model will include positive and negative payment history for lines of credit, usage of credit, credit history, credit availability, and inquiry history. Unfavorable accounts which will negatively influence this score include, but are not limited to collections, foreclosures, charge-off, repossession, absence of credit, and current delinquency. The rental score is determined from an analysis of information found in each applicant’s consumer credit report, application, and previous rental history. Our application process also includes identification verification which can be sent to applicants via text or documents can be uploaded, income verification, criminal background check, and rental history verification. Applicants with no FICO score may be considered with a qualifying Georgia resident guarantor with a gross monthly income of 5x total rent, pay 1.5 months security deposit, and the guarantor must have a minimum 680 FICO score. Applicant also must complete approved credit application. In addition, in today’s competitive marketplace, it is common to have more than one application on any given home. In this instance, the landlord will choose the best suited applicant based on qualifications. If your application is not selected, you may still be qualified for another Vistaray property of similar price range, with no additional application fees required for 60 days. Please note, application fees are non-refundable in the event of multiple applications received on any home regardless of the outcome.
6. Criminal History
7. Credit History
8. Pets
Service Animal Policy & Emotional Support Animals (ESA) Policy
VistaRay complies with all requirements under the Americans with Disabilities Act and Fair Housing Act regarding Service Animals and are exempt from any rent, fees, deposits, and insurance requirements. A valid doctor’s prescription dated within the last 12 months is required. The animal must also be registered as a service animal and cannot be an excluded breed or class.
9. Security Deposit
The Security Deposit is determined by credit score upon approval.
i. Credit score of 680+ = 1 month rent
ii. Credit score of 650-679 = 1.5 months’ rent
iii. Credit score 0f 600-649 = 2 months’ rent + the following:
10 . Occupancy
One Bedroom Two Persons
Two Bedrooms Four Persons
Three Bedrooms Six Persons
Four Bedrooms Eight Persons
Five Bedrooms Ten Persons
11. Corporate Leases
ADDITIONAL DISCLAIMERS
12. Fair Housing Policy
The agents of VISTARAY USA INC adhere to the Fair Housing Law (Title VIII) of the Civil Rights Action of 1968 as amended by the Housing and Community Development Action of 1974 and the Fair Housing Amendment of 1988 which stipulate that it is illegal to discriminate against any person in housing practices because of race, color, religion, sex, national origin, disability, familial status or any other class protected by law.
13. Privacy Policy
All documents and information you submit as part of the application process is kept private and confidential. We take your privacy very seriously.
14. Falsification of Documents
Any falsification in Applicant’s paperwork will result in the automatic denial of the application as inconclusive and deny the right of future occupancy. If an Applicant falsified his/her paperwork, the Landlord has the right to hold all application deposits and fees paid to apply toward liquidated damages. Falsification of application is also grounds to terminate the lease regardless of when the falsification is discovered.
15. Use of Information
The information provided in the application as a result of the authorization given herein by the Applicant will not be sold or distributed to others. However, Landlord and Landlord Agents may use such information to decide whether to lease the home to an Applicant and for all other purposes relative to any future lease agreement between the parties including the enforcement thereof.
16. Application does not make a Lease
Completed application(s), even if accepted/approved, shall under no circumstance be considered a lease agreement between Applicant(s) and Landlord.
17. Bankruptcy
Open bankruptcies will be cause for automatic denial unless a court letter of dismissal or discharge is provided. Dismissed or discharged bankruptcies that appear on the applicant’s credit report may be considered. Any rental debt that has been waived due to a dismissed or discharged bankruptcy may result in a declined application.
It’s the law! We do not discriminate on the basis of race, color, religion, national origin, sex, disability or familial status.
Thank you for your interest in our properties. Our qualifying criteria is outlined below. Please read these requirements thoroughly prior to application. Application fees are non-refundable.
APPLICATION DOES NOT CREATE A LEASE. Your application, even if accepted, shall under no circumstances be considered a lease agreement between Applicant and Landlord, or an offer to lease. No lease shall exist between Applicant and Landlord unless and until the parties enter into a formal Lease Agreement with required signatures and Applicant pays all required fees, security deposit and reservation deposit.
AUTHORIZATION. By applying, applicant authorizes VistaRay USA, Inc. to verify background, credit, employment, and rental history. If any required documents are missing from the application process, applicants may be immediately denied.
APPLICATIONS ARE NOT ACCEPTED ON A FIRST COME, FIRST SERVED BASIS. O.C.G.A §10-6A-6 requires brokers to present ALL offers to lease to the landlord/owner. The landlord/owner reserves the right to accept the best offer based on economic considerations. These considerations include, but are not limited to, the move-in date of the applicant, the rental rate offered by the applicant, any concessions requested by the applicant, and the creditworthiness of the applicant.
1. Applicant will submit 2 forms of valid photo ID ◄ (DL and SS Card accepted)
a. Acceptable forms of ID include
- i. State issued DL or ID
- ii. US Passport
- iii. US Permanent Resident Card
- iv. US Military ID (front and back required)
- v. Valid Foreign Passport + US issued work visa
2. Applicants’ net monthly income must equal to or exceed 3x total rent. Occupant guarantors must show a gross monthly income equal to or exceeding 5x total rent. Non-resident guarantors will not be accepted.
Required income documentation:
- Employed
- 60 days most recent pay stubs
- 90 days most recent bank statements if paid by direct deposit.
- 90 days most recent bank statements if you do not receive paystubs or direct deposit.
- Previous years tax return or W2/1099
- Offer letter on company letterhead including hourly rate or salary, start date + any stubs to date, and signed by employer.
- Employment must be verified.
- Business must be in operation for minimum of 6 months.
- 5 months most recent bank statements from personal account and 5 months most recent bank statements from business account (showing how you are consistently paid through the business).
- Copy of active business license.
- Active issuing agency documentation (award letter, statement)
- 90 days most recent bank statement
- Formal documentation showing room and board allowance.
- Documentation must be active.
3. Prior Employment history for past 3 yrs if different ◄
4. Prior Rental and/or Mortgage payment history past 3 yrs
- Provide proof of payments on bank statements or provide receipts
- Copy of Utility bills for all locations unless same property for multiple years
- If relocation from another state or country, provide proof of current temporary stay, and local contact for verification.
5. Applicant Screening
A background screening will be completed on all applicants to verify credit worthiness. A credit report will be obtained on all applicants to verify credit ratings. Income plus verification of credit history will be entered into a credit scoring model to determine rental eligibility and security deposit levels. This credit scoring model will include positive and negative payment history for lines of credit, usage of credit, credit history, credit availability, and inquiry history. Unfavorable accounts which will negatively influence this score include, but are not limited to collections, foreclosures, charge-off, repossession, absence of credit, and current delinquency. The rental score is determined from an analysis of information found in each applicant’s consumer credit report, application, and previous rental history. Our application process also includes identification verification which can be sent to applicants via text or documents can be uploaded, income verification, criminal background check, and rental history verification. Applicants with no FICO score may be considered with a qualifying Georgia resident guarantor with a gross monthly income of 5x total rent, pay 1.5 months security deposit, and the guarantor must have a minimum 680 FICO score. Applicant also must complete approved credit application. In addition, in today’s competitive marketplace, it is common to have more than one application on any given home. In this instance, the landlord will choose the best suited applicant based on qualifications. If your application is not selected, you may still be qualified for another Vistaray property of similar price range, with no additional application fees required for 60 days. Please note, application fees are non-refundable in the event of multiple applications received on any home regardless of the outcome.
6. Criminal History
- All applicants with previous felony convictions of a violent or sexual nature as well as fraud related offenses are denied.
- Registered sex offenders are denied.
- Some felony convictions within a specified period based upon the severity, recidivism, and remoteness of the crime as outlined on crime safety grid may be denied.
- Multiple misdemeanors within a specified period based upon severity, recidivism, and remoteness as outline on crime safety grid may be denied.
7. Credit History
- No evictions or multiple fillings within last 3 years; older cases require applicant to provide debt satisfaction letter or other proof of payment.
- No open bankruptcies
- Any outstanding creditor debt or liens may be cause for denial without proof of satisfied judgement or payment plan in good standing.
8. Pets
- VistaRay properties vary with accepting No pets or 1 pet per household. A pet is defined as a dog, cat, fish, and small caged domestic animals.
- There is a $400 non-refundable pet fee, per pet. There is no charge for a Service Animal or Emotional Support Animal.
- VistaRay does not allow exotic, farm, wild or venomous pets. The following dog breeds are not permitted as pets: Pit Bulls, American Bull Terriers, American Staffordshire Terriers, Rottweilers, Doberman, or any breed mix of the aforementioned. Some dogs may require letter from licensed veterinarian verifying non-violent behavior.
- Weight and size restrictions may be evaluated on a case-by-case basis, dependent on property size and owner’s approval.
- All pet owners must complete and abide by the Pet Exhibit, as part of their lease.
- Evidence of Renters Insurance coverage, which includes additional dog bite liability.
Service Animal Policy & Emotional Support Animals (ESA) Policy
VistaRay complies with all requirements under the Americans with Disabilities Act and Fair Housing Act regarding Service Animals and are exempt from any rent, fees, deposits, and insurance requirements. A valid doctor’s prescription dated within the last 12 months is required. The animal must also be registered as a service animal and cannot be an excluded breed or class.
9. Security Deposit
The Security Deposit is determined by credit score upon approval.
i. Credit score of 680+ = 1 month rent
ii. Credit score of 650-679 = 1.5 months’ rent
iii. Credit score 0f 600-649 = 2 months’ rent + the following:
- Must prove employment for 12 months or longer in the same job @ 3X income.
- Current landlord must provide proof of timely payments for previous 12 months.
- Reservation fee, equal to one month’s rent, shall be due once the application has been approved. Deposit must be made payable to VISTARAY USA INC, via certified funds. The Reservation deposit is non-refundable once lease has been signed by all parties. It will be applied as first month’s rent. If another offer is accepted prior to signing the binding lease agreement, the reservation deposit shall be refunded.
- The Security deposit, and any applicable lease administration fees, shall be due in certified funds no later than the lease start date or the move-in inspection date, whichever is the earliest calendar date.
10 . Occupancy
- Occupancy standards allowable cannot exceed 2 persons per bedroom, unless otherwise dictated by local, state, or federal law.
One Bedroom Two Persons
Two Bedrooms Four Persons
Three Bedrooms Six Persons
Four Bedrooms Eight Persons
Five Bedrooms Ten Persons
- Discovery of unauthorized additional persons in the home during an approved lease term will incur an immediate fee and accrue a daily cost until the situation is satisfactorily resolved.
- Desired move-in date must allow a minimum of 5 business days from notice of approval.
- Each Applicant must be at least 18 years of age.
11. Corporate Leases
- Company must provide two (2) of the following as proof of sufficient income:
- Previous year tax returns
- P&L statement for past 6 months
- 3 months of most recent bank statements
- Security deposit = 2 months
- Company to provide a copy of corporate housing/lease policy (if available)
- Complete application as Co-signer
- Approved representative of company to sign lease as guarantor on behalf of the company.
ADDITIONAL DISCLAIMERS
12. Fair Housing Policy
The agents of VISTARAY USA INC adhere to the Fair Housing Law (Title VIII) of the Civil Rights Action of 1968 as amended by the Housing and Community Development Action of 1974 and the Fair Housing Amendment of 1988 which stipulate that it is illegal to discriminate against any person in housing practices because of race, color, religion, sex, national origin, disability, familial status or any other class protected by law.
13. Privacy Policy
All documents and information you submit as part of the application process is kept private and confidential. We take your privacy very seriously.
14. Falsification of Documents
Any falsification in Applicant’s paperwork will result in the automatic denial of the application as inconclusive and deny the right of future occupancy. If an Applicant falsified his/her paperwork, the Landlord has the right to hold all application deposits and fees paid to apply toward liquidated damages. Falsification of application is also grounds to terminate the lease regardless of when the falsification is discovered.
15. Use of Information
The information provided in the application as a result of the authorization given herein by the Applicant will not be sold or distributed to others. However, Landlord and Landlord Agents may use such information to decide whether to lease the home to an Applicant and for all other purposes relative to any future lease agreement between the parties including the enforcement thereof.
16. Application does not make a Lease
Completed application(s), even if accepted/approved, shall under no circumstance be considered a lease agreement between Applicant(s) and Landlord.
17. Bankruptcy
Open bankruptcies will be cause for automatic denial unless a court letter of dismissal or discharge is provided. Dismissed or discharged bankruptcies that appear on the applicant’s credit report may be considered. Any rental debt that has been waived due to a dismissed or discharged bankruptcy may result in a declined application.
It’s the law! We do not discriminate on the basis of race, color, religion, national origin, sex, disability or familial status.