Residential Application And Instructions Dalmon Property

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DALMON PROPERTY MANAGEMENT, INC. (DPM)
RENTAL/LEASE APPLICATION POLICIES & APPLICATION Page 1 of 4
RENTAL CRITERIA
In order to be considered for a rental, you must complete, sign and submit a Rental Application Form. Each person 18+ who intends to reside
at the property must submit a separate application, regardless of the relationship to any other applicant for tenancy. A $30.00 processing fee
PER APPLICATION covers the costs of initially processing your application. Some properties, but not all, may consider a non-resident guarantor
(aka “cosigner”) if applicant has limited or no tenancy history. Guarantors are not considered for a lack of verifiable income or credit scores
under 630. Guarantors must meet specific requirements to qualify. Guarantors are required to submit a complete application and pay the
applicable $30.00 fee. Guarantors more than 100 miles from Novato, CA will not be considered. Application fees must be paid by personal
check, and are due upon submission of application. All applications and accompanying back-up documentation, including processing fees, must
be submitted before processing begins. Processing fees are refundable if your application(s) is (are) not processed. In order for any applicant to
be considered for tenancy, the applicant must meet the following minimum requirements:
1.
COMPLETE APPLICATION – The application must be completed in its entirety. Failure to fill out the application properly and legibly may
delay processing, increase security deposit or result in outright denial of application.
2.
RED FLAG COMPLIANCE – Section 114 of the FACT Act of 2003 requires that we verify the accuracy of information or documentation
provided on application(s) and ensure its consistency with any information derived from other sources, such as credit reports.
3.
DOCUMENTATION – In order to qualify for any specific property, the combined gross income of all individuals applying must equal or
exceed approximately three (3) times the monthly rent. At the time application is submitted, a copy of a valid US issued ID, and:
If you are employed by someone else, the previous year’s W-2 and two most recent paystubs must be provided for each applicant.
If you are self-employed or a sole proprietor, provide the first two pages of last years’ tax return and three (3) months’ bank
statements. Should last years’ tax return not be completed, we will accept the prior years’ return. No earlier returns will be
accepted.
If you are retired and/or will be depending on savings/investments for living expenses, provide three (3) months’ investment/income
statements. These accounts must total three times the amount of the rent for a full year.
Applications will not be accepted or processed without required documentation.
4.
VERIFIABLE GOOD CREDIT REPORT & SCORE – Credit report will be obtained from a national credit bureau. Credit scores above 630 are
required. Credit reports supplied by applicant will not be accepted – DPM will run a credit report.
5.
SUFFICIENT EMPLOYMENT AND/OR INCOME HISTORY.
6.
SUFFICIENT RENTAL HISTORY – We require five years’ residency history. DPM makes diligent efforts to verify present and prior landlord
and/or lender information as submitted by Applicant; however, final responsibility for ensuring access to this data rests with Applicant.
The approval or denial of any application will be determined based upon multiple factors including credit, employment verification, residency
references, stability in tenancy and employment, pets, bankruptcies and/or short sales. DPM may increase security deposit, require a
guarantor, or decline applications if unable to verify references provided, or on the basis of derogatory information received. The property
owner makes the final decision.
APPLICATION PROCESSING
DPM makes every effort to process applications within 3 business days of submission; however, processing time can be negatively influenced
(or halted) due to Red Flag alerts, the inability to contact previous landlords, employers or other references. Applicants are encouraged to
check on the status of an application, particularly if you have not received a response from DPM within 72 hours (3 business days) of
submission. Applications with incomplete or falsified information may be rejected without further notice. All applications submitted become
property of DPM and will not be returned.
Applications are processed on a first-come, first-served basis, and only one application (or set of applications) will be accepted at one time. If
there are other applications ahead of yours, you will be asked to hold your applications. Once applications are approved, a signed lease and
50% of the security deposit are required within two business days. THE DEPOSIT AND MOVE-IN COSTS MUST BE PAID BY CASHIER’S CHECK OR
MONEY ORDER. Properties will remain on the market and will continue to be shown until a lease is signed and a deposit is tendered.
PETS
Only select properties allow pets; permission to have pet(s) will result in a substantial increase to security deposit, typically equal to two
months’ rent. The presence of unauthorized pets in a dwelling unit is a material breach of the rental contract, and grounds for termination of
tenancy under the standard rental agreement. Damages caused by pets, whether permitted or not, will be deducted from the security deposit.
Applicant Signature:
Date:
1202 Grant Ave., Suite A-1  Novato, CA 94945  Ph (415) 898-2370  Fax (415) 898-2371
REV 03/2016

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