Resident Criteria
Answers to your frequently asked questions
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.
-
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 $55 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. -
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, 1099s 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. -
Credit
A credit report will be obtained on all Applicants to verify credit ratings. We partner with TransUnion SmartMove for the credit screening process. TransUnion SmartMove requires all Applicants to have a Social Security Number (SSN) or Taxpayer Identification Number (TIN) to produce a credit rate. Applicants with open bankruptcies will be denied. Tenants with no credit history may be denied. The amount of Security Deposit required for a lease will be a function of the credit score of the tenants. -
Rental History
Prior evictions may result in a denial of the application. Applicant may also be denied for any outstanding debt/judgement to a previous landlord. -
Criminal History
Each Applicant will be subject to a criminal background check. We partner with TransUnion SmartMove for criminal background screenings. 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 felony charges or convictions within the past 5 years. Convictions for manslaughter, homicide, and illegal manufacturing or distribution of a controlled substance will result in the 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.