Rent Your Dream Home with Us

Vertical Real Estate » Qualifications

Check Your Eligibility

We are committed to making renting easy and stress-free. Before you begin the application process, make sure you are eligible. Check out the full-criteria checklist.

Criteria
Criteria

Check Your Eligibility

We are committed to making renting easy and stress-free. Before you begin the application process, make sure you are eligible. Check out the full-criteria checklist.

Documentation

Guidelines

  • All household members over 18 are required to complete an application and meet requirements.
  • Credit and background checks are required on all applicants.
  • Gross income (pre-tax) must be three times the monthly rent. For example, if rent is $1000, then gross income must be $3000.
  • Wage earners require two months of paycheck stubs.
  • Self-Employed Applicants require prior year’s tax returns.

Criteria

  • All household members over 18 are required to complete an application and meet requirements.
  • Credit and background checks are required for all applicants.
  • Gross Income must be three times the monthly rent. For example, if rent is $1000, then gross Income must be $3000.
  • Credit score must be over 600.
  • No prior evictions in the past seven years.
    No open bankruptcies.
  • No recent bankruptcies in the past five years.
    No landlord collections.
  • Outstanding debt must be under $1,000 (only includes past due balances, medical and education is ignored).
  • If the criteria listed are not met, a co-signer may be allowed; this will be based on the reasons for the denial and with management approval.
Vertical-real-estate.
Vertical-real-estate.

Criteria

  • All household members over 18 are required to complete an application and meet requirements.
  • Credit and background checks are required for all applicants.
  • Gross Income must be three times the monthly rent. For example, if rent is $1000, then gross Income must be $3000.
  • Credit score must be over 600.
  • No prior evictions in the past seven years.
    No open bankruptcies.
  • No recent bankruptcies in the past five years.
    No landlord collections.
  • Outstanding debt must be under $1,000 (only includes past due balances, medical and education is ignored).
  • If the criteria listed are not met, a co-signer may be allowed; this will be based on the reasons for the denial and with management approval.
banner

Acceptable Forms of Income Documentation

  • 2 months’ worth of paystubs, including YTD income.
  • Disability Disbursement Letter.
  • Social Security Disbursement Letter.
  • Retirement Disbursement Letter showing the monthly amount.
  • Court-issued document showing any support payment amounts.
  • If self-employed, tax returns from the previous year, including income page and signature page (after April 15th prior year’s tax doc is no longer accepted; ex: 2017 will be accepted until April 15, 2018). If self-employed, the Adjusted Gross Income figure is used.
  • If tax returns are in a company name, documents showing the operators of the business are required.
  • Previous year W2 if still employed by current employer.
  • Employment offer letter if newly employed (must be on company letterhead and include contact person at the company).
  • Court-issued order showing any support payment amounts (ex: child support, alimony).
  • If using money in the bank to qualify, it must be rent amount x 5 x 12 months – 3 months of bank statements showing the qualifying balance.

Pet Policy

Maximum of three pets are allowed with prior written approval.

Requirements

  • $250 non-refundable deposit (per animal) is required before move-in or obtaining the pet.
  • $35 monthly pet rent for each approved pet.

Guidelines

  • Approval can be revoked if the pet becomes aggressive towards another animal or human being or becomes a nuisance.
  • Two warnings will be given for nuisance behavior; however, if the behavior cannot be corrected, the animal will no longer be approved and will need to be removed from the property within two days.
  • If the animal is not removed within the 2-day period, a legal notice will be served and further legal action will be taken in accordance with state law.

Restrictions

The following breeds, or any dog with these breeds in their lineage, are restricted and not permitted in Vertical Real Estate homes. If any of these breeds are found in the home, the resident will be notified that they are in violation of their lease agreement and must remove the animal permanently within two days, or legal action will be taken.

  • Pitbull 
  • German Shepherd 
  • Akita
  • Cane Corso 
  • Boerboel 
  • Alaskan
  • Malamute
  • Staffordshire Bull Terrier 
  • American Bulldogs
  • Mastiff 
  • Doberman
  • Wolf Hybrids
  • Rottweiler
  • Presa Canario
  • Chow Chow
  • Kyi Apso
  • English Bull Terrier
  • Dalmatian