Thank you for your interest in our property!
Before you apply for a lease, please read the following information concerning the approval process. If you have questions, please ask before applying. The non-refundable application fee is $45.00 per person.Beaufort Rentals, LLC is committed to equal housing and we fully comply with the Federal Fair Housing Act (FFHA). We do not discriminate against persons because of race, color, religion, sex, handicap, familial status, national origin, or age. We also comply with all state and local fair housing laws. We offer application forms to everyone who requests one. Each individual occupying the property over the age of 18 must complete an application and pay the application fee. Unfortunately, we do not accept cosignors that will not be living in the property.
Approval is based on five factors:
1. Credit History
Credit screening is the first step of processing your application. If there is more than one person on your lease, then the average credit score, rounded to the nearest whole number, will be used for the below scoring model.
Applicants with good credit / income / references will be approved at the security deposit amount published in the listing.
Our minimum credit score requirement eligible for approval is 575. Credit scores below 650 will require a monthly Credit Contingency Fee and a score below 600 will require a deposit equal to 1.5 times the rental amount. Potential late payments increase our workload, and also increases our risk. The Credit Contingency Admin Fee helps to offset our costs in this regard. We have implemented a scoring model based upon credit score that determines your Credit Contingency Fee and security deposit amount:
|Credit Score||Contingency Fee||Deposit Amount|
|650+||$0.00||1x Rent Amount|
|625-649||$10.00/mo||1x Rent Amount|
|600-625||$15.00/mo||1x Rent Amount|
|575-599||$30.00/mo||1.5x Rent Amount|
If an applicant's credit check returns with no credit score, then a default score of 500 will be used for the purposes of determining the Credit Contingency Fee and security deposit amount.
Credit reports are run on every applicant, but only the credit score of the applicant whose income is necessary to qualify are considered.
2. Employment & Income Verification
Income should be a minimum of 3 times the rent and verified by the employer through pay stubs (30 days proof of income) and personal tax returns. Business tax returns will not be accepted. Self employed income may also be verified with a CPA prepared financial statement or tax return. Transfers or relocations must have correspondence showing an accepted job offer. We do not accept Section 8 or housing assistance that requires us to abide by terms not listed in our lease. Immediate family may use a combined income of 3 times the rent amount. Individuals and roommates must individually make 3 times the rent amount.
Individuals that do not currently have employment may qualify using bank holdings with the following requirements: Three (3) month's bank statements showing four (4) times the annual rent and payment of a security deposit equal to three (3) times the monthly rent.
3. Rental History
Rental history must be verified from unbiased sources. Home ownership will be verified from a current credit report. We accept base housing as rental history. Evictions or broken leases (other than allowed by lease or law) on record within the previous 10 years will be automatic grounds for denial. If you have paid late more than once in any 12 month period your application will be denied.
4. Rental Criteria for Pets
Pets are allowed on a case by case basis. Pet fees or deposits are also determined on a case by case basis. Pictures of the pets and updated shot records are required.
Service Animals or ESAs As required by law, we will not deny an application for anyone, solely on their need to occupy a home with a Service animal or Emotional Support Animal. Furthermore, anyone with the need for a Service Animal or ESA will not be required to pay any additional rent, deposit or pet fees. We may ask individuals who have disabilities that are not readily apparent or known to submit reliable documentation of a disability and their disability-related need for an assistance animal. Further if the disability is readily apparent or known but the disability-related need for the assistance animal is not, we may ask the individual to provide documentation of the disability related need for an assistance animal. For example, we may ask persons who are seeking a reasonable accommodation for an assistance animal that provides emotional support to provide documentation from a physician, psychiatrist, social worker, other mental health professional or other reliable third party that the animal provides emotional support that alleviates one or more of the identified symptoms or effects of an existing disability. Such documentation is sufficient if it establishes that an individual has a disability and that the animal in question will provide some type of disability-related assistance or emotional support.
5. Criminal History
Automatic denial for criminal convictions for the following offenses within the last seven years (or more):
- 1st, 2nd, and 3rd degree murder
- Simple/Aggravated robbery
- Terrorist threats
- Felony controlled substance
- Felony burglary/theft
- 1st, 2nd, 3rd, and 4th degree sexual assault/misconduct
- 2nd degree manslaughter
- 1st and 2nd degree assault
- Possession of a controlled substance or intent to distribute a controlled substance
- A conviction for an attempt to commit one of the above stated crimes
Misdemeanors Any misdemeanor conviction may be subject for denial. Type of charge and date of conviction may affect the decision. Proof of resolution may also be required.
Felonies Any felony conviction less than seven (7) years from release will be subject for denial. Per federal regulation, drug and alcohol felonies may be acceptable with proper documentation. Regardless of conviction date, no applicant with a felony conviction for any of the following will be accepted:
- Acts of violence
- Sex crimes
- Illegal manufacturing or distribution of drugs
6. Appointment Times
All scheduled appointments and showings must be attended on time. If your appointment is missed your application will be denied.
IF YOU ANSWER YES TO ANY OF THESE QUESTIONS, PLEASE SPEAK WITH AN AGENT BEFORE FILLING OUT THIS APPLICATION.
Have you or anyone applying ever:
- Been sued for nonpayment of rent?
- Been evicted or asked to move out?
- Has paperwork ever been filed against you for an eviction?
- Broken a rental agreement or lease? (other than allowed by lease or law)
- Been sued for damage to rental property?
- Paid late more than once in a 12 month period?
We do not rent any properties sight unseen. Most of the properties you see on our website are available for immediate occupancy. A property can be held with a signed lease and payment of the security deposit for up to two weeks. Execution of the lease and payment of the security deposit requires the fulfillment of the total lease term. Please read and complete all information sections provided. If you have any questions, contact our office at (843) 252-4249. You will be contacted by the leasing office on the status of your application.