Application Process & Resident Selection Criteria

The following information is designed to give you information about the application process and our resident selection criteria. 

It is the policy of Canden Property Management to comply with all applicable federal, state, and local fair housing laws and not to discriminate against any person based on race, color, national origin, sex, familiar status, religion, and handicap. 

Application Processing and Time Frame:

• If you fully complete the application and provide us with accurate contact information for your current and/or previous landlords, we can usually process your application in 1-2 business days. You will be contacted immediately upon determination of approval or denial. All adult applicants over the age of 18 who will occupy the residence must also submit a fully completed rental application along with a rental application fee.

Cost:

If you decide to apply to rent one of our properties, there is a non-refundable application fee of $50 per adult that must be submitted with your application. Incomplete applications will be denied, and the application fee is non-refundable.

Applicants who are approved and decide to move forward with tenancy will pay a $200 admin fee that will be due the day before occupancy begins.

The Application Process:

Upon receipt of your rental application and application fee, we will:

1. Check your credit report.
2. Check the public records for any past interactions with the eviction process.
3. Verify your employment history
4. Verify your previous landlord references.

Resident Selection Criteria:

Income

Applicants must have a combined gross income of at least 2.5 times the monthly rent. Income must be verified, and applicants must provide the last 3 pay stubs received and 3 month’s bank statements. All legal sources of income will be considered.

Rental History

A minimum of two years residential history is preferred. Rental history must be rated satisfactory or better, with no record of interactions with the eviction process.  We reserve the right to require a higher security deposit. Any application will be rejected for the following:

1. Any one history that the applicant has “skipped” a previous residence
2. Evictions within the last 5 years
3. Any three late payments of rent within a twelve-month period from a current or previous residence.
4. Any one report that the applicant, his/her household members or guest, were destructive to the apartment or common areas from a current or previous residence.
5. Any one report that the applicant has or had poor housekeeping habits from a current or previous residence.
6. Any one report that the applicant caused or was involved in disturbances from a current or previous residence.
7. Any one report that the applicant did not abide by the rules and regulations from a current or previous residence.
8. Leaving other rental housing with an outstanding debt.
9. Open bankruptcies will result in an automatic denial.

Credit History

Canden PM uses a third-party applicant screening service to evaluate your consumer credit report. We have pre-set criteria that we provide to our third-party applicant screening service, your application will either be Approved, Denied, or Approved with conditions.  These conditions may require a security deposit up to 2 month’s rent. We will not provide you with the credit report or tell you of its contents; however, we will provide you with the name of the credit reporting agency so you may receive a copy from the credit bureau.

Criminal History

Applicants with a criminal history involving any felonies for illegal use, manufacture or distribution of a controlled substance, felonies resulting in bodily harm or intentional damage or destruction of property for example, “arson”, you will either be declined or may be required to post an additional security deposit.  

Security Deposit Determination:

The Security Deposit will usually be equal to one month's rent. In some cases, we will ask for a higher deposit (up to 2 month's rent) depending on a number of risk factors detailed in our rental requirements.

Renter’s Insurance:

All approved applicants are required to carry and provide proof of renter’s insurance and maintain a coverage limit of $100,000 in personal liability insurance. Insurance can be obtained by any agency of the tenant’s choice as long as it meets the required coverage limit.