PARK PLACE PROPERTY MANAGEMENT
Tenant Requirements
Tenant Qualification Criteria
Applicants MUST be adults over the age of 18. All adults in the household must complete our electronic tenant application, individually.
- If you decide to rent one of our listed properties, in addition to monthly rent, you will get a choice between a refundable or non-refundable security deposit based on the price of the home and the credit/background screening.
- In the event you enter into a lease agreement and change your mind prior to taking possession of the rental property, you shall forfeit all deposit funds as liquidated damages. In addition, you may be held responsible to the additional terms of the lease you signed.
- If for any reason you are not approved for a rental property, the application processing fee is non-refundable so please ensure you are able to qualify before you apply.
- Some homeowner and condominium associations require a separate application fee and/or security deposit. If you select a rental and such is the case, all applicants may be additionally required to apply through the association, submit to an in-person association interview, and remit whatever fees or deposits the association may require.
- With an exception for minor children, current occupancy standards are a maximum of 2 persons per bedroom.
- When individual tenant candidates make application and pay the application processing fee they are authorizing Park Place Property Management to conduct a background investigation consisting of but not limited to the following areas:
- Review of your credit report and your credit score,
- Review of public records for past evictions,
- Verification of your current employment,
- Verification your previous landlord reference(s),
- Run and review a criminal background check,
- Review local county civil and criminal public records
- Compare applicant names vs. entries in the sex offender databases.If you cannot provide positive references, have a debt to income ratio that shows you cannot afford to pay rent from your documented income (pay stubs, bank records, or tax returns), have no work history or an unstable work history, been evicted in the past, have a criminal record, or any occupant is listed in the sex offender database, you may not qualify for a rental at this time.
- All applicants should view the exterior & interior of the rental or have a trusted friend or relative(s) view the rental prior to occupancy because all rentals must be accepted “AS-IS” before the application process is complete.
Resident Selection Criteria
Below please review our minimum residential qualification criteria.
Pets
Please note: Prior to tenant approval, if you are bringing a pet, we ask all tenant candidates to register their pet with PetScreening.com using our referral link. Using our referral link will automatically share your pets profile with us. PetScreening.com is a simple and secure way to manage and share important information about your Pet or Assistance Animal. There is a nominal cost to register your pet with PetScreening.com unless you have a bona-fide assistance animal in your household. There is no charge ($0) for submitting a reasonable accommodation request for an Assistance Animal. Your request will be reviewed by the PetScreening.com legal review team per the FHAct guidelines. Please be aware of laws and local ordinances, if any, for criminal offenses and/or penalties for committing assistance animal fraud.
Smoking
100% of our rental units are smoke free. Smoking is never allowed inside our rental units. Smoking inside a rental unit is cause for immediate termination of a lease and tenants who have a lease terminated for smoking will forfeit all security deposits.
Renters Insurance
All Tenants must maintain property damage liability insurance on behalf of the Landlord and Property Manager. Coverage has a minimum requirement of One Hundred Thousand Dollars ($100,000) for damage to both Landlord’s and third parties’ property, with the provisions covering at least the perils of fire, smoke, explosion, accidental water discharge, and sewer backup.
**Tenants must add “Park Place Property Management” and the landlord, as listed on the lease agreement, to the Renter’s Policy as Additional Insured parties.
While landlords may carry property insurance protecting the “property” from specific perils, tenant belongings and possessions are not covered, and tenants are not beneficiaries of Landlord insurance products. Additionally, tenants are responsible for all repair costs for damages due to tenant negligence, as stated in the Lease, regardless of existing Landlord insurance. It is essential to think ahead and insure yourself against the unexpected.
To help cover the unforeseen costs that can arise from specific unexpected and disastrous perils (fire, water), including in some cases tenant negligence, Park Place Property Management has created an easy arrangement through our Resident Benefit Package. This tenant-specific policy offers several financial benefits to tenants in the event of a disaster, including personal liability protection of up to $100,000.
Please inquire for additional information from our insurance provider.
*** Park Place Property Management is not a direct provider of Insurance products, and all insurance-related questions can be asked of the policy providers. Park Place Property Management is a participant with a Licensed Insurance Provider to offer our tenants access to insurance products through an Insurance provider.