Qualification Criteria

Dear Applicant,

We strive to provide a high-quality living experience to our residents. Unlimited RE makes the decision of residency approval based on the following guidelines, your application responses, and the results of the information received while processing your application while adhering to fair housing practices.

Unlimited RE requires applicants to view the property either in person or through a virtual walkthrough before applying.

• INCOME:
  • Applicants, collectively, must be able to show monthly verified income of at least 2.5 times the monthly rent for the unit being applied for. At least three (3) months at a present job or verifiable permanent former employment. At least one (1) current pay stub or bank statement showing income verification for each applicant.
  • If the applicant is a student who does not meet our income requirements will need a co-signer to apply.
  • If an applicant is unemployed or retired.  Verifiable savings in the amount of 15x the monthly rent will meet the income requirements.
• CREDIT:
  • If the applicant has a U.S. social security number, the applicant must have good credit. Credit scores of all applicants are averaged and then evaluated as follows:
  • Average Credit 600 or higher – Approved with a security deposit of 1.5 x monthly rent
  • Average Credit <600 – Denied
  • Applicants with no credit will be assigned a credit score of 550.
• No Co-Signer allowed for previous evictions.

• RENTAL / EVICTION / CRIMINAL / BANKRUPTCY:
  • Evictions filed against an applicant in the past 5 years (whether completed or not), lease violations, broken leases, and/or money owed to previous landlords will disqualify your application.
  • Criminal felony convictions within the past 5 years will disqualify your application.  Criminal felony convictions older than 5 years are evaluated on a case-by-case basis.
  • Being registered as a sexual offender will disqualify your application.
  • Any current bankruptcy, regardless of type, that has not yet been discharged will automatically disqualify your application.
• OCCUPANCY STANDARDS:
  • Co-applicants and any other occupants(s) age eighteen (18) or older must complete the application process and sign the lease to be an authorized occupant in the rental.
  • No more than 2 persons per bedroom per rental for safety reasons.
  • Guests may not reside in the home longer than seven (7) days.
  • New roommates or occupants must be approved by UNLimited RE in writing prior to occupancy.
• PET ACCEPTANCE POLICIES (IN SPECIFIC RENTALS ONLY AND ONLY WITH APPROVAL):
  • Pets require a $150 non-refundable pet onboarding fee per property, and monthly pet rent of $35 for one pet, or $55 for two pets per month.  This policy can vary from property to property.
  • All Applicants must complete a pet screening application at PetScreening.com.  An additional application fee for household pets will apply.  There is no fee for service animals and emotional support animals, or “no pet” applications.
• APPLICATION FEES:
  • The Application Fee is $60.00 per applicant and is non-refundable. Application and fee must be submitted electronically through our website.
  • Application screening may include current and previous employment, rental history, credit, eviction/skip search, and criminal background check.
• ACCEPTABLE FORMS OF PAYMENT:
  • Payment of the Security Deposit and Rent must be made electronically by ACH through the Tenant Portal on our website unless move-in is to occur less than seven (7) days from the time of application in which case the Security Deposit must be paid by cashier check or money orders. No personal checks or cash.
  • The first rental payment will be pro-rated if move-in occurs after the 1st day of the month.

**PLEASE READ: APPLICATION ERROR INSTRUCTIONS**

• Be sure to have all documentation prepared before starting this application. (Government-issued ID & proof of income. Ie: 2 most recent paystubs, an offer letter for new employment, or last year’s tax return IF you are self-employed.) You will not be able to log into your application to edit or resubmit documentation.

• Closing the application or browser will lose this application and you will have to start over. Data is not accessible for your security.

• Make sure all Required Fields are filled in properly (dates are used correctly with the calendar, number amounts are correct and no special characters (@,#,%) are used. A red box will appear around the field that is filled out incorrectly, or that needs to be filled in.

• Filling out applications from a workplace can cause error messages because the network security levels in the office/workplace may not allow for the site and payment transactions along with document uploads to go through their network. **Please fill out from your personal computer outside of a work environment/office**

RESIDENT APPLICATION / RENTAL REQUIREMENTS:

• The Unlimited Real Estate Resident Benefits Package (RBP) delivers savings and convenient, professional services that make taking care of your home second nature. By applying, the Applicant agrees to be enrolled and to pay the applicable cost of $43.95/month, payable with rent.
• Your RBP may include, subject to property mechanicals or other limitations:
  • Renters Insurance that meets all lease requirements from an A-rated carrier
  • HVAC air filter delivery directly to your door approximately every 90 days.
  • Move-in concierge service: one call to 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
  • 24/7 online maintenance reporting
  • Home buying assistance for when the time is right to buy your “forever” home.
  • Online portal: Access to your account, documents, communication, and payment options.
  • Vetted vendor network: we find technicians who are reputable, licensed, and insured.

Renters Insurance requirements and options:

The Landlord requires Tenant 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. 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 Unlimited Real Estate for additional coverage details. The Resident Benefits Package monthly rate will be adjusted by the premium amount in the policy.

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 Landlord. 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.

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 legal liability
• Unlimited Real Estate is listed as additional interest
• Unlimited Real Estate address is listed as: PO Box 660121 Dallas, TX 75266
• InsuranceSupport@SecondNature.com is also listed as additional interest

NOTE: The total monthly cost of the Resident Benefits Package is all-inclusive, and no discounts will be given if any element of the package is unavailable due to a lack of HVAC or another limitation at a specific property.