Rental Guidelines
Rental Guidelines
At Avenue Group Real Estate, we strive to ensure a smooth and transparent rental process for all prospective tenants. To help you understand our application requirements, we’ve outlined our rental guidelines below.
Application Review Criteria
Income & Employment Requirements
- Income – Household gross income should be at least three times the monthly rent to ensure financial stability.
- Employment Stability – At least six months of continuous employment is required.
- Financial Reserves – Applicants must provide bank statements to demonstrate some financial reserves to cover unexpected expenses.
Rental & Background History
- Rental History – A positive rental history with no outstanding balances to previous landlords is required.
- No history of late fees on rental payments.
- Evictions – No evictions or court proceedings related to rental agreements within the past five (5) years.
- Bankruptcy – Must be discharged or show a solid financial recovery plan.
- Landlord-Tenant Judgments & Utility Collections – Excessive unpaid balances related to housing may result in denial.
Credit & Background Checks
- Credit Check – We do not have a minimum credit score requirement, but we assess the overall balance of positive and negative tradelines related to housing.
- Criminal Background – We conduct background checks to ensure community safety. Criminal records are reviewed on a case-by-case basis, with considerations for severity, recency, and rehabilitation.
Additional Application Considerations
- Co-Signers/Guarantors – Allowed for applicants who do not meet income requirements. The guarantor must earn at least five times the monthly rent.
- Pet Policy – Pets are allowed with the following conditions:
- Breed restrictions may apply.
- Pet Rent: $25/month for the first pet, $15/month for each additional pet (maximum of 2 pets).
- Pet Deposit: $250 (non-refundable).
- Application Fees & Processing Time – Application fee is $65 per adult (non-refundable). Processing typically takes 3-5 business days.
- Security Deposit & Move-In Costs –
- All security deposits are equal to 1.5 month's rent.
- Move-in costs will consist of the security deposit, a full month's rent, a leasing fee, and a pet deposit (if applicable).
- In case of any necessary proration, the second month's rent will be prorated.
- Occupancy Limits – Standard occupancy limits are two persons per bedroom, per local housing regulations.
- Renter’s Insurance – Required before move-in, with a minimum liability coverage of $100,000.
Fair Housing Commitment
Avenue Group Real Estate is committed to upholding the Fair Housing laws in all aspects of our tenant screening process. We treat every application with fairness and respect, ensuring an equitable rental experience for all.
Ready to get started?
For any questions regarding our rental guidelines or the application process, please feel free to reach out to us at Avenue Group Real Estate. We look forward to helping you find your new home!