Qualification and Application Requirements
PLEASE READ BEFORE APPLYING
- Application fees cover the cost and administration for running individual background and credit checks.
- Applying to Aristar Property Management, Inc. does not guarantee approval by the Landlord, nor does it constitute a lease for the home which you applied.
- Only if approved by the Landlord will you be given the opportunity to pay a deposit and sign a lease in order to reserve a property.
- We receive a lot of applications. However, many applicants do not receive approval, pay a deposit and/or sign a lease. We continue to accept applications until one applicant has completed all necessary steps to reserve the property. Applications are processed on a first come first serve basis.
- All AriStar Property Management residents are enrolled in the Resident Benefits Package (RBP) for $55.00/month which includes liability insurance, credit building to help boost the resident’s credit score with timely rent payments, up to $1M Identity Theft Protection, HVAC air filter delivery (for applicable properties), move-in concierge service making utility connection and home service setup a breeze during your move-in, our best-in-class resident rewards program, on-demand pest control, and much more! More details upon application.
Qualification and Application Requirements
FAIR HOUSING
It is Aristar Property Management, Inc.’s policy not to discriminate against any person because of that person’s race, color, creed or religion, sex, sexual orientation, national origin, age, marital status, military status, handicap, disability, or any other protected status.
Screening Policy
Age – All Applicants who will be responsible for paying rent must be listed as tenants on the lease, be 18 years of age or older and pay the nonrefundable Application Fee ($45 per person except as prohibited by law). All occupants 18 years of age or older who will live in the property but will not be responsible for the rent, must be included in the Application, pay the nonrefundable Application Fee ($45 per person except as prohibited by law) and are required to be listed on the lease as occupants. Occupants who are younger than 18 years of age at the time that you complete the Application do not need to pay the application fee, but are required to be listed on the lease as occupants.
Credit Check – We will request a credit report on all applicants to verify credit worthiness. Credit checks are currently run through the following credit bureau: TransUnion's SmartMove . All applicants must have a minimum average combined credit score of 600 or above (for example, if one applicant’s score is 550 and the other applicant’s score is 660, the combined average credit score is 605); however, tenants will not be disqualified solely for having a credit history.
- Please note: Applicants with an average combined credit score between 600 and 620 may be required to pay additional deposits or advanced rent to reserve a property.
Criminal Background Check – A criminal background check will be conducted for each applicant and occupants aged 18 years or older. A conviction for the illegal manufacture or distribution of a controlled substance is cause for an automatic denial of an application by the Landlord. Criminal convictions relating to violent acts, crimes of dishonesty or breach of trust, or matters of similar nature or severity, may be cause for denial of an application. In addition to the nature and severity of the conviction, the Landlord will consider factors including, without limitation, the amount of time that has passed since the relevant conviction and whether such conviction could reasonably be deemed to be indicative of a potential risk to safety and/or property.
Income – Applicants must provide proof of verifiable gross household monthly income. Total rent payment per month cannot be more than 35% of the applicants’ combined gross monthly income. Applicants who meet this criteria will only need to pay security deposit and first month’s rent prior to move-in.
- Please note: conditional approval may be granted to applicants in which total rent payment per month is between 36% and 45% of the applicants’ combined gross monthly income. Conditionally approved applicants may be required to pay additional deposits or advanced rent to reserve a property.
Rental History – If your most recent residence is a rental property, you will need to provide a copy of the lease agreement and one of the following: 1.) six months of bank statements showing monthly rental payments, 2.) six months of canceled rent checks or 3.) six months of rent payment receipts. Applicants who are unable to verify recent rental payments may be required to pre-pay last month’s rent prior to move-in. Proof of rental payments does not apply to applicants who owned their own home for the 6 months prior to the lease term.
Guarantors – A guarantor will be required for applicants who are students or who cannot provide proof of verifiable income, but otherwise meet all other application requirements. Guarantors must meet the following requirements:
- Credit – Credit score of 650 or higher
- Income – Income is at least 2.5-3 times the rent
Guarantors are restricted to family members who assume responsibility for all payments pursuant to the Lease.
Pets / Animals – You are required to disclose in your application all pets that will reside in the property. Maximum pets allowed is 2 and each pet will be approved on a case-by-case basis. Akitas, Alaskan Malamutes, Cane Corsos, Chows Chows, Dobermans, German Shepherds, Great Danes, Huskies, Mastiffs, Pit Bulls, Pinschers, Presa Canarios, Ridgebacks, Rottweilers, St. Bernards, Terriers, and Wolf-hybrids, and all breeds / mixed breeds of these animals are not permitted on any Premises. The Landlord retains the the right to restrict other breeds or specific animals at its sole discretion.
- Pets are subject to a one-time nonrefundable fee of $500 for the first pet, any additional pets are $250 / per pet due at move-in, except as prohibited by law. The pet fee does not apply to service animals* or for small caged animals.
- Monthly pet fees may apply - based on size and type of the pet
- *A service animal is any animal that assists a person with a physical or mental impairment. A service animal is not a pet.
- A resident may not keep more than two 30-gallon or larger aquariums in the home
- Applicants may be asked to provide a photograph and veterinary records showing that vaccinations are current for each pet
- Resident(s) will abide by the rules and regulations of any applicable Homeowners’ Association (HOA) and/or local ordinances as it relates to pet and breed restrictions
Smoking Policy – Smoking is strictly prohibited inside any unit.
- The AriStar Property Management Resident Benefits Package (RBP) delivers savings and convenient, professional services that make taking care of your home second nature. By applying, Applicant agrees to be enrolled and to pay the applicable cost of $55.00/month, payable with rent.
Your RBP may include, subject to property mechanicals or other limitations:
- HVAC air filter delivery directly to your door approximately every 90 days
- Liability Insurance that meets all lease requirements from an A-rated carrier
- Move-in concierge service that includes a one call set up your utility services, cable, and internet services
- A resident rewards program that helps you earn rewards for paying your rent on time
- Credit building to help boost your credit score with timely rent payments
- $1M Identity Protection for all adult leaseholders
- On-Demand Pest Control that includes an innovative pest control service that provides an effective, reactive, and targeted approach to pest control
- 24/7 online maintenance reporting
- Home buying assistance for when the time is right to buy your “forever” home
- Online portal that includes access to your account, documents, communication and payment options
- Vetted vendor network: we find the technicians who are reputable, licensed, and insured
Liability Insurance requirements and options:
The Landlord requires Tenant to obtain liability coverage of at least $100,000 in property damage and legal liability from an A-rated carrier and to maintain such coverage throughout the entire term of the lease agreement. Tenant is required to furnish Landlord evidence of the required insurance prior to occupancy, at the time of each lease renewal period, and upon request.
To satisfy the insurance requirement, Tenant may either (1) be automatically enrolled into a policy that satisfies the coverage requirements as part of the Resident Benefits Package; or (2) obtain alternative liability coverage from an insurer of Tenant’s choice. The option Tenant chooses will not affect whether Tenant’s lease application is approved or the terms of Tenant’s Lease.
Option 1: Do nothing. The Tenant will be automatically enrolled into an insurance policy as part of the Resident Benefits Package. No further action is required. Coverage will begin on the effective date of Tenant’s lease and continue throughout the lease term. Please refer to the evidence of insurance that is supplied by AriStar Property
Management for additional coverage details.
Option 2: Buy a policy. If Tenant prefers, Tenant may find, purchase, and maintain another policy that satisfies the Landlord’s requirements. The Resident Benefits Package monthly amount will be adjusted accordingly. Visit http://insurance.residentforms.com/ and follow the instructions listed there to provide evidence of the required insurance coverage to your Landlord. The Resident Benefits Package monthly rate will be adjusted by the premium amount in the policy.
Please be sure that your policy meets the following criteria prior to submitting:
● Policy is purchased from an A-rated carrier
● Policy meets or exceeds the required $100,000 in property damage and personal liability
● AriStar Property Management is listed as additional interest
● AriStar Property Management address is listed as: PO Box 660121 Dallas, TX 75266
It is Tenant’s responsibility to pay premiums directly to your insurance provider. If the policy is terminated or lapses, Tenant will be subject to a lease violation fee of $25 and agrees to be subsequently enrolled into the policy referenced in Option 1 above.
Automatic Declines
Automatic Declines
Automatic Declines
Final decisions on all applications are based on standard criteria set by the Landlord, including rental and credit history, ability to pay rent and background check results. Applicants will be automatically denied for any of the following:
- Prior Evictions within three (3) years of application
- Average combined credit score for all Applican
Final decisions on all applications are based on standard criteria set by the Landlord, including rental and credit history, ability to pay rent and background check results. Applicants will be automatically denied for any of the following:
- Prior Evictions within three (3) years of application
- Average combined credit score for all Applicants is below 600
- Identity cannot be verified
- Income cannot be verified
- Open bankruptcies or bankruptcies within past 3 years
- Insufficient income – Total rent payment per month is more than 46% of the applicants’ combined verifiable gross monthly income
- Any landlord collection in the past 2 years
- Overdue debt of $5000 or more, including balances on outstanding civil judgments (does not include student loans or medical bills/debt)
- A conviction for the illegal manufacture or distribution of a controlled substance
- Registered Sex Offenders
- Misrepresentation(s) or falsifications of application
Application Needs
Automatic Declines
Automatic Declines
- Complete and Sign the Lease Application – Fill out and electronically sign the lease application. By completing and signing the lease application, the Applicant(s) authorizes Aristar Property Management, Inc. to verify credit history and run a criminal background check, as well as income verification and rental history verification.
- Attac
- Complete and Sign the Lease Application – Fill out and electronically sign the lease application. By completing and signing the lease application, the Applicant(s) authorizes Aristar Property Management, Inc. to verify credit history and run a criminal background check, as well as income verification and rental history verification.
- Attach Photo Identification – All applicants must provide a legible copy of their driver’s license or other government issued photo I.D. (e.g. Passport, Permanent Resident Card, Military ID etc.).
- Attach Income Verification Documents
- If employed by a company – Recent pay stubs to verify your monthly income and employment. Two (2) if paid twice per month or four (4) if paid weekly.
- If self-employed / business owner – Most recent tax return and 6 months bank statement summary.
- If from pension / disability / child support / Section 8 and or any other benefit – 1.)Court approved settlement documents and/or government benefit documentation, such as vouchers, and 2.) 6 months bank statement summary
- Attach Rental Payment Verification Documents – If your most recent residence is a rental property, send a copy of the lease agreement and one of the following: 1.) 6 months of bank statements showing monthly rental payments, 2.) 6 months of canceled rent checks or 3.) 6 months of rent payment receipts. The requirement for proof of rental payments does not apply to Applicants who owned their own home for the six (6) months prior to the lease term.
- Pay Application Fee(s) – A nonrefundable Application Fee of $45 per adult occupant 18 years or older, except as prohibited by law, is required prior to submitting the online Application. Payment can be made via credit card.
Documents can be attached during the application process. However, if you do not attach documents/identification with the Lease Application, you must email these documents securely to us at office@aristarpro.com. Please be sure to include the rental property address and your full name when sending by email.
**Once an application is submitted, the application fee is non-refundable.
**Applicant(s) cannot submit multiple applications for numerous properties.
**Application(s) are presented to the landlord as soon as they are fully processed and all supporting documents received. Once an application is approved the applicant(s) is/are notified and asked to pay a one-time non-refundable holding fee of $250.00 within 24 hours. This will “hold” this property for applicant(s) for a period of 3 days.