Real Property Management Diamond Rental Application Disclosure
YOUR APPLICATION IS TRANSFERABLE TO ANY RPM DIAMOND PROPERTY FOR UP TO 30 DAYS. YOU MAY ONLY APPLY TO ONE PROPERTY AT A TIME.
Applications can only be discussed in writing via email and/or text. Please submit valid contact information.
APPLICATION FEE, FALSIFIED AND/OR INCOMPLETE APPLICATION INFORMATION:
There is a required $50.00, NON-REFUNDABLE electronic application fee per adult applicant (18+ age). This must accompany the completed application. Incomplete applications or applications submitted without the proper application fee(s) will not be considered and will not be refunded. Any inaccurate and/or incomplete information are grounds for rejection of an application, loss of application fee and basis for termination of the lease if subsequently discovered. Information cannot be edited after submission.
CREDIT HISTORY GUIDELINES:
Credit score(s) of 620 or above are required to meet our standard guidelines. Applicant(s) not meeting our standard guidelines may receive a conditional offer with score(s) in the range of 540 to 619 or those with no scores. These may require a higher security deposit and/or an additional monthly amount due concurrently with monthly rent payments. Non-US Citizens without social security numbers are subject alternate tenant screening documentation.
INCOME VERIFICATION:
Applicant(s) must have a monthly combined gross income of at least three (3) times the total monthly rental rate. Incomes must be cross-verifiable in writing using, payroll link, bank link and/or recent pay stubs and deposit records. Additional documents may also be requested. Self-employed applicants will be required to produce two years of signed tax filings, and recent bank statements. We reserve the right to require a higher security deposit for incomes between 2.75 – 3.00 times the monthly rental rate that also meet all other approval criteria. Combined debt to income ratio for all applicants must be below 50% with this rent added.
PRIOR RENTAL HISTORY:
Rental history must be rated satisfactory or better with previous landlord(s), with no record of eviction judgements or 3 or more dismissed eviction filings within the past 36 months. We reserve the right to require a higher security deposit and/or decline for those with non-satisfactory rental history. Any current or past outstanding debt to a previous landlord and/or civil suit, judgement, forcible detainer filed from a previous landlord against applicant, can result in application being denied.
IDENTITY VERIFICATION:
Valid unexpired government issued photo ID documentation is required for those age 18+ (i.e.: Government issued Driver’s License/Identification Cards, US passport, US VISA, Military ID) You must provide a copy with application.
BANKRUPTCIES:
Any history of bankruptcies, especially open and/or pending, may result in application denial.
GUARANTORS/CO-SIGNERS:
Guarantors can only cover one category of weakness on an application: insufficient income, high debt to income ratio or no rental history. Credit score of the tenant will still be factored into the application. Guarantors must have a minimum credit score of 620, verifiable monthly gross income of at least 3 times the rent when combined with the primary tenant(s), and below a 50% Debt to Income ratio. Only one guarantor may be used per lease.
CRIMINAL HISTORY:
A minimum of 60 months without felony convictions is required. RPM reserves the right to refuse leasing based on any excessive criminal history or convictions relating to banned substances, fraud, or violent crimes.
PETS:
Very few RPM properties allow pets. Apart from documented medically necessary Assistance Animals, properties allowing pets can have a maximum of two (2) pets permitted and are subject to additional $40.00 per month / per pet in addition to base advertised rent. This additional amount will be added and will not be modified in the initial lease term for any reason. A photo of the pet must be submitted to RPM prior to your application being approved. No aggressive breeds or exotic animals are permitted such as Pit Bull, American Bulldog/Bully, Staffordshire Terrier, Rottweiler, German Shepherd, Doberman, Chow, and/or any mix breeds, lineage and/or variations of these. All pets must be disclosed on the application and will be considered in the review of the application. No pets other than those disclosed on the application may be kept on the property.
RENTERS INSURANCE (HO-4 POLICY):
RPM requires tenants to obtain and maintain a renter’s insurance policy throughout the term of the tenancy. Evidence of insurance coverage is required at move-in and upon request with RPM being named additional interested party. The policy shall provide coverage for bodily injury and property damage for which tenant may be liable in the amount of $100,000.00. RPM reserves the right to have a forced placed tenant liability insurance placed at prevailing premiums and/or administrative charges for non-compliance.
ACCEPTANCE OF PROPERTY AND MULTIPLE APPLICANTS FOR SAME PROPERTY:
The property must be accepted in “AS IS” condition unless written exceptions are approved. All verbal representations are non-binding. In the event that RPM approves two or more unrelated applications for the same property, the applicant understands that the manager may select the applicant desiring the property in “AS IS” condition over another applicant requesting maintenance or repairs. In the event the manager approves two or more unrelated applications for the same property and ALL terms of the potential lease are equal (e.g. rental amount, move-in date, lease term, etc.), the first completed application submitted will be selected to initiate the lease and additional approved applicants will be in a back-up status. In all cases, the application fee is non-refundable. YOUR APPLICATION IS TRANSFERABLE TO ANY RPM DIAMOND PROPERTY FOR UP TO 30 DAYS. YOU MAY ONLY APPLY TO ONE PROPERTY AT A TIME.
PROPERTY RENTAL INFORMATION ON INTERNET / WEBSITE:
All information regarding the advertised property or terms such as but not limited to: bedroom count, bathroom count, square footage, rental rates, appliances provided, utilities included, lawn maintenance, or availability is deemed reliable but is not guaranteed. Applicant shall verify all information prior to execution of the lease with RPM. When applying for a property you will have to commence the lease within 2 weeks of being approved. If the property is not available within 2 weeks, then the lease will commence on the date it is first available.
LEASE PREPARATION TERMS AND FEES:
All initial move-in funds (e.g., deposits, rent, fees) must be paid by certified funds which is defined as: cashier’s check or money order payable to “Real Property Management Diamond” or electronically via ACH or debit/credit card. Payments made with debit/credit card could be subject to additional fees and cashier’s checks and money orders typically have a charge associated with them by the issuer. Cash is not accepted at our offices. If you are the approved tenant candidate, in addition to your security deposit, there is a non-refundable lease administration fee to cover the cost of preparing your lease, move-in inspection, and keys in the amount of $195.00. RPM also charges a $25.00 per month for the Resident Services Package to be paid in addition to the rent due and payable at the same time as rent monthly. This fee may be higher for applicants with credit scores below standard approval. This includes online portal, phone app, maintenance communication center, emergency maintenance line, utility concierge program, lease renewal processing, credit reporting, move in & move out property condition reviews, online email support, and rental/mortgage verifications, and more. Please note that the advertised monthly rental price is for our no-charge electronic check ACH payments made through our online e-payment system accessible on our website.
FAIR HOUSING:
We pledge to honor the letter and spirit of the U.S. Policy for the Achievement of Equal Housing Opportunity throughout the U.S. We encourage and support a program in which there are no barriers to obtaining housing because of Race, Color, Religion, Sex, Handicap, Familial Status, National Origin, Gender, Gender Identity, or Sexual Orientation and should Delaware or local law offer more protection, we shall adhere to those laws as well. RPM does reserve the right to deny applicants who are rude, insubordinate, or inappropriate with our staff. We are happy to allow access to our available rental homes and you may also preview our properties on-line and apply at https://www.rpmdiamond.com. RPM provides leasing consultants who will provide you with opportunities to view our properties, distribute rental information, discuss the application process, and review our application disclosures. RPM leasing consultants are not authorized to negotiate on behalf of RPM and any verbal representations are non-binding. Once your application is submitted to RPM, the approval/denial process will be handled by RPM staff.
