Thank you for your interest in an LGI Living rental home. We want your application process to be as efficient and cost effective as possible. Before you apply, please review the resident criteria below to determine your eligibility as an applicant. To ensure a fair and thorough evaluation of all prospective renters, we utilize multiple third-party screening companies to verify credit, rental, and criminal history, as well as income verification.

It is important to read the resident criteria in its' entirety to reduce the chance of paying a non-refundable application fee for an application that is likely to be denied.

• Availability

  Homes are available on a “first come, first serve” basis and will not be reserved for tenancy until the lease agreement is executed and the security deposit has been collected. The lease agreement must be executed within 3 days of Applicant approval.

• Application

  Each person who is 18 years of age or older must complete a separate application. A non-refundable application fee of $75 will apply and must be paid by each Applicant. Applicants will be required to submit a valid government issued photo identification card during the application process.

• Occupancy

  The maximum occupancy should not exceed two (2) persons per bedroom.

• Pets

  Pets will be subject to visual inspection and veterinary records may be required. Poisonous, Wild or exotic animals are not permitted. Residents will be required to comply with community policies regarding pets. Additionally, residents will be required to sign a Pet Addendum, pay a monthly fee of $25 per pet and pay a $250 refundable pet deposit. Proof of Animal Liability insurance with a minimum of $100,000 in coverage is required.

• Renter’s Insurance

  Residents will be required to obtain renter’s insurance with a minimum of $100,000 Personal Liability and minimum of $10,000 Personal Property coverage.

• Income

  The combined gross monthly income for Tenants should be at least three (3) times the monthly rent amount. In the event of more than two Tenants, only the income of the highest two earners will be used for this criteria. Proof of income is required and may require pay stubs, tax returns, bank statements, or other verifiable documentation. Applicants that have just started employment may provide an executed offer letter or employment contract to verify income. Remote employment will need to be verified. Applicants who are relocating for employment transfer will need to verify income for the transfer position. Pre-paid rent of whole lease term may be used if income requirements are not met.
  Please have the following forms of acceptable income documentation in a pdf format when applying. Supporting documentation may be requested.

  • Overtime/Commission/Bonus/Monthly Pay: three (3) months of most recent pay stubs from employer and three (3) most recent bank statements. Qualified income will be the average of the 3 most recent months’ pay stubs.
  • Hourly/Salaried employees: most recent month’s pay stubs and two (2) most recent bank statements.
  • Relocation: executed Offer letter or income verification from the Applicant’s Employer. Must be on company letterhead and signed by the appropriate Human Resources or Company officer, with his/her contact information.
  • New Employment/Remote Work: must be verified with Human Resources or appropriate Company officer and two (2) most recent bank statements.
  • Self Employed: most recent year’s personal tax return plus most recent two (2) months of personal bank statements. Corporate tax returns and bank statements can be considered with proof of sole proprietorship. A return from the previous year will not be accepted after April 15 unless proof of a tax filing extension is submitted with the previous year’s tax return. Qualified income will be determined using the net income on the tax return. Net income must be at least three (3) times the monthly rent amount.
  • Social Security/Disability: a disbursement letter from the current year showing monthly amount and two (2) most recent bank statements.
  • Child Support: payment record from Office of the Attorney General and two (2) most recent bank statements.

• Credit

  A credit report will be obtained on all Applicants to verify credit ratings. By using multiple screening services for credit and criminal background reporting, we obtain a comprehensive view of each applicant’s financial, rental, and criminal history. An applicant must have a Social Security Number (SSN) for a screening report to be produced. The amount of Security Deposit required for a lease will be a function of the credit score of the tenants. When income for the highest two earners is applied, the average credit score of the highest two earners will be used for this criteria:

  • Credit screenings 600 or greater = one (1) month’s rent security deposit.
  • Credit screenings of 550 to 599 = two (2) months’ rent security deposit.
  • Applicants with credit screening of 549 or below will be denied.
  • Applicants with no credit history will be denied.
  • Applicants with open bankruptcies will be denied.

• Rental History

  Rental verifications will be completed with current Landlord. Additional verifications may be requested if address discrepancies arise. Prior evictions and outstanding debts to current and previous landlords are reviewed on a per household basis.
  Only one of the following is permitted:

  • Eviction that is at least five (5) years old.
  • Outstanding debt that is at least one (1) year old.
  • Foreclosures are treated as housing debts.
  • If applicant has mortgage on credit report and home is not for sale, applicant’s gross monthly income must qualify 3x the monthly rent of home applying for and their mortgage combined. If the mortgaged property is currently leased to a tenant, the applicant must provide a valid executed lease agreement along with two (2) months of bank statements reflecting receipt of rental payments.
  • When applicant is terminating their current lease agreement, proof of any termination fees and rent through the termination period must be provided.

  How Rental History can affect Security Deposit:

  • Any outstanding debt to a landlord between 1 to 3 years old = two (2) months’ rent security deposit
  • Any outstanding debt to a landlord over 3 years old = one (1) month’s rent security deposit (dependent on credit rating)

• Criminal History

  Each Applicant will be subject to a criminal background check. Misdemeanor charges or convictions involving property damage and financial crimes such as identity theft, fraud, or bad checks within the past 3 years will be denied. No pending felony charges or felony convictions within the past 5 years. Convictions for illegal manufacturing or distribution of a controlled substance must be at least 15 years old or will result in an automatic denial of the application. Convictions for manslaughter and homicide will result in an automatic denial of the application. Convictions which require Applicant to be registered as a sex offender will result in the automatic denial of the application. Applicants will be denied if convicted of a crime which requires offenders to be registered in a terrorism database. Application will be denied if Applicant appears on an OFAC list.

This criteria may be revised from time to time at LGI Living’s sole discretion. Meeting the above criteria does not guarantee approval. Our ability to verify whether these requirements have been met is limited to the information we received from previous applicants and the various resident credit reporting services used. There is no guarantee that existing Tenants in the community have met these requirements.

Equal Housing: Landlord and Landlord’s agents are committed to providing equal housing opportunities to all Applicants regardless of race, color, religion, national origin, sex, handicap, family status or other protected class status.