Rental Application Policy
Thank you for applying with Home Link Realty, for your housing needs. In order to best serve you, we feel it is imperative that you are made aware of, and fully understand our application policies and procedures.
We require a prequilfication (either ours or Zillow's) that meets the necessary qualifications before scheduling an in-person showing.
Each adult over the age of 18 years needs to submit an application. The Application Fee is $75 per adult and it is non-refundable.
Kindly note that submitting an application does not guarantee you the first position. The first position is secured by making a deposit. The selection process of the first position is based on a first-come, first-served basis only upon receiving the deposit.
Before you apply for the home, read the following information carefully concerning the approval process. If you have any questions, contact our department leader at david@kingdavidrealtor.com during business hours. Monday to Friday 9 am to 5 pm EST or call the main office at 864-735-7045.
Home Link Realty, fully complies with the Fair Housing Law. 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. Approval is based on Seven factors:
1. Identification Verification
2. Credit History (ResidentScore) & Verification
3. Rental History & Verification
4. Income History & Verification
5. Employment History & Verification
6. Criminal Background Check
7. Pet Criteria see https://homelinkrealty.petscreening.com/, an active profile must be completed and active at all times of the lease.
Some Application Requirements:
- Anyone who is 18 or older MUST submit an application and pay the nonrefundable application fee
- Pets are on a case-by-case basis. Refer to Pet Policy. No dangerous breeds. Must complete the Pet Screening application and submit a photo of all pets
- Must submit a copy of a valid form of identification
- Must provide all landlord contact info for the past 5 years of residency
- Combined gross monthly income must be at least three times the amount of rent (see Acceptable Income Documentation)
- No evictions filed in the past 3 years
- No balance owed to landlords in the past 5 years
- Negative landlord references or consistent late rent payments will be grounds for denial
- Inaccurate or falsified information will be grounds for denial
- Criminal records and convictions may be grounds for denial
- Registered sex offenders may be grounds for denial
- A ResidentScore of 650 or more
- Bankruptcy MUST be dismissed or discharged for at least 6 months
- All Cosigners must have a ResidentScore of 700 or above and meet all other application requirements (See Co-Signer details below)
Please read this document carefully before signing. It is the policy of this management company that applications must be complete and all fees paid prior to submission for consideration. All completed applications are processed on a daily basis (Mon-Fri, excluding Holidays). All approved applications for the same property may be submitted for final decision.
An application will contain:
1. Signed Home Link Realty, General Rental Criteria, Rental Application Policy and Procedures Form
2. Signed Home Link Realty, Privacy Notice (Full Addendum Attached)
3. Home Link Realty, Residential Lease Application; (One for each individual 18 years and older)
4. $75 Application fee for each Home Link Realty, Residential Lease Application submitted
Required Supportive Documentation:
5. Valid Driver's License or other Photo ID for each Residential Lease Application submitted
6. Verifiable Proof of Income: (Last 2 months of pay stubs or Last 2 years of tax returns if self-employed/1099)
7. Proof of Funds: (Last 2 Months of Bank Statements)
8. Completed by all Applicants ); Pet Screening Profile https://homelinkrealty.petscreening.com/
Lease Processing Fee: There will be a one-time lease processing fee of $99 charged and it will need to be paid at the time of your lease signing.
General Rental Criteria
Three Years of Good Rental History:
No Forcible Entry & Detainer (Evictions) unless you have verifiable documentation of landlord irresponsibility. However, a FE&D due to property damage by the resident will not be accepted under any circumstances. No history of any damage to the residence, or an outstanding balance due to a previous landlord. If you have no prior rental history then you must have a qualified cosigner - the cosigner must be a resident of South Carolina, have a good credit history, and be willing to sign the lease. We can accept base housing as rental history.
Verifiable Gross Income:
Minimum of three times the rent charged on the residence. Section 8 vouchers and certificates may be
accepted on selected properties. The resident must meet the same criteria as those seeking non-subsidized housing. The ideal rolling positive balance in your bank accounts is equal to 1 Month of Rent & No recurring history of overdrafts.
ACCEPTABLE INCOME DOCUMENTATION:
Please have at least one of the following forms of acceptable income documentation before you apply to expedite the application process. All copies must be legible.
Relocation/New Employment: Offer letter or income verification from the Applicant’s Employer: must be current or for a job starting within 30 days of move-in, on company letterhead (or notarized), and signed by the appropriate Human Resources or Company Officer.
Self-Employed/Commissioned: The last two years of your personal tax returns.
Hourly/Salaried Applicants:
- A minimum of (1) full month of paystubs from the employer. Paystubs must include year-to-date totals.
- Bank statements are not accepted as income.
- No screenshots of deposits from the employer.
Social Security Disbursement Letters: A disbursement letter showing the monthly awarded amount.
Child Support: A court order or notarized letter from an attorney representing the terms of proposed assistance.
Non-Verifiable Monthly or Yearly Income: Residents that cannot verify the income needed to qualify properly, must have a qualified Co-Signer (see Co-Signer details below).
Criminal Background Check:
Residency may be denied due to criminal history (see Criminal Background Criteria)
ResendentScore:
This score must be 560 or greater.
This is a score provided by TransUnion SmartMove's®. This score will review the tenant's credit history, just like a credit score. But they run the credit history through a different formula to compile a ResidentScore.
Rental Insurance:
The tenant or tenants are required to carry renters insurance with Home Link Realty as additional interest. There will need to be 300k of liability and medical payments of 5k. Proof of insurance is required.
Security Deposit: Security Deposits are typically equal to one month’s rent. However, in cases where there are more perceived risks due to credit, income, rental history, etc., the Landlord reserves the right to require a higher security deposit.
Maximum Occupancy:
Please note that these are the maximum number of occupants who may occupy homes with the number of bedrooms noted:
Efficiency - 2 Occupants
1 Bedroom - 3 Occupants
2 Bedrooms - 5 Occupants
3 Bedrooms - 7 Occupants
4 Bedrooms - 9 Occupants
5 Bedrooms - 11 Occupants
Roommates: 3 or more adults, non-related persons will be considered roommates. There will be a specific
3 Bedrooms - 3 Roommates = 3x the Monthly Lease Amount Cash Deposit,
4 Bedrooms - 4 Roommates = 4x the Monthly Lease Amount Cash Deposit,
5 Bedrooms - 5 Roommates = 5x the Monthly Lease Amount Cash Deposit,
Upon acceptance you will need the 1st months rent, security deposit, admin fee of $99, any prorated rent, and pet fees if applicable. There can be other scenarios that will be discussed.
Errors & Omissions: Every effort has been made to provide applicants with reliable and accurate information regarding the home you are applying for. However, changes can and do take place to cause inaccurate information to be accidentally presented. We encourage all tenants to verify schools, allowable pets, and expected features, or any HOA concerns prior to signing a lease agreement. Any information posted in any advertisement does NOT constitute a written agreement or guarantee of the facts stated. Home Link Realty is not responsible for express or implied statements by any agents or landlords.