APPLICATION QUALIFICATION GUIDELINES
The following procedures were created to ensure all applicants are treated equally. Golden Property Management adheres to all Federal and State Fair Housing Laws. Submitting an application does not guarantee approval or take the home off of the rental market for other prospective applicants. Please read the following guidelines carefully, and if you feel you meet the criteria stated below, we encourage you to apply to one of our available properties.
(Before you call or email the office regarding questions about the property, such as pet requirements, security deposit, available move in date, etc..., please review the Property Listing on the company's website. We list all the necessary information you need in order for you to decide whether or not this property will work for you. Answers to your questions will more likely be answered quicker if you read the Property Listing thoroughly.)
Everyone 18 years of age or older MUST complete a SEPARATE rental application (i.e. roommates, couples, partners, etc...). Fully completed applications will be processed in the order that they are received. Any incomplete application will NOT be processed. The first application that meets GPM rental criteria will be approved (GPM bases approval on whoever is best qualified, NOT first come first served). Please be prepared to pay the NON-REFUNDABLE application fee as outlined in the property listing.
In addition to this rental application, you will also be required to provide a copy of a valid form of identification and proof of income, which can be attached to this application directly, or you can email it separately to apply@GPMsandiego.com. (or, Fax: (858) 761-0306, or drop off at office)
Golden Property Management Rental Criteria:
- All applicants MUST complete and submit a SEPARATE rental application at the same time
- Everyone 18 years of age or older must apply
- Credit score MUST be 600 or above
- Applicants must make a combined minimum 3 times the monthly rent
- 3 years of verifiable rental history. (An immediate family member is not considered a qualified resource.)
- Rental history must be a positive referral
- A mortgage statement, if you have lived in your own home vs. renting over the past 3 years
- No unlawful evictions
- Bankruptcy's must have been discharged (additional deposit may be required)
- All applicants must be able to enter into a legal binding contract
- If approved, must provide a copy of rental insurance, prior to move-in. Residents will not be able to move-in without this.
- Applications to rent are offered to everyone that inquires about a rental
- Golden Property Management may take up to 5 business days to approve an application (5 day period may be subject to changes based upon receiving landlord verifications)
The following documents MUST be attached or sent separately when applying:
- Application fee $35 per applicant, NON-REFUNDABLE-FIRM
- Fully completed application, all applicants MUST submit a SEPARATE rental application at the same time (all requested documentation must be provided)
- 2 months of pay stubs (if military, current copy LES), or letter of employment (if applicable)
- 2 months of either a banks statement, or summary page showing your name and current balance
- Copy of your ID (i.e. driver's license, military ID, or passport)
Self-Employed MUST submit the following documents:
- Application fee $35 per applicant NON-REFUNDABLE-FIRM
- Fully executed completed application, all applicants MUST submit a SEPARATE rental application at the same time (all requested documentation must be provided)
- 2 months of either a banks statement, or summary page showing you name and current balance
- 6 months prior of either a banks statement, or summary page showing your name and current balance
- Copy of business license
- Copy of your ID (i.e. driver's license, military ID, or passport)
- Refer to Employment & Financial Requirements section below, if needed
(click titles for details)
An Application will not be considered "completed" and will not be fully processed until all of the following have been provided to us: a SEPARATE Application has been fully filled out and signed by you and each co-applicant; an application fee has been paid in full; If no item is checked, all are necessary for the Application to be considered completed. Any incomplete applications will NOT be fully processed.
A co-signer may be considered if an applicant is conditionally approved. All applicants MUST have a credit score of 600 or above in order to qualify to have a co-signer. Co-signers must submit and complete an application, and provide the same documentation listed above. The co-signer must earn a minimum of 3 times the rent in gross income by themselves, and have a credit score of 700 or above. In addition, pay the $35 non-refundable application fee. Co-signors MUST be approved by a GPM representative prior to applying.
GPM must run our own credit check and cannot use outside reports.
Employment & Financial Requirements
Applicants must make a combined minimum three (3) times monthly rent, in gross income, as a household. If you are applying with other applicant(s), the monthly income requirements will be combined. Applicants must provide verification of legal income sufficient to meet the rent to income ratio. Examples of verification include, but are not limited to, last two paycheck stubs, payroll print out from employer, previous year's personal tax return, last two personal bank statements, proof of government income (e.g. social security, disability, welfare, etc...), proof of retirement income, (e.g. savings/bank account, stocks), proof of spousal and/or child support, or any other legal, verifiable income.
Application fee (NON REFUNDABLE)
Applicants must have delivered and/or paid an application fee in the amount indicated above, and this payment partially defrays the cost of administrative paperwork. It's NON-REFUNDABLE.
All applicant must have a 600 or higher credit score. In addition, bankruptcies, past due debt, slow pays, collections, repossession, liens, judgments, or wage garnishments may result in the increase of security deposit, or the denial of application to rent.
Any individual with a conviction in the last 7 years may be subject to an increased deposit, or the denial of application to rent. Any individual that may cause a threat to the health or safety of an individual, complex or property may be subject to an increased deposit or the denial, or application to rent.
Pet Policy and Requirements
Please check the advertisement to confirm if pets will be considered. If not listed on advertisement, then pet(s) are NOT allowed. Only domesticated, common household pets will be allowed; if vicious or have an aggressive disposition deemed by management to be potentially harmful to the health and safety of others may be prohibited. Please attach a photo of your pet along with your application. A supplemental deposit will be required for each qualified pet. Any negative references from previous landlords regarding pets will be grounds for disqualification. Service animals are not considered pets. Owner and/or agents of Golden Property Management reserve the right to deny approval of any pet or limit the numbers of pet allowed.
Move-in Time Frame
Applicants move in date must be within 2 weeks from the date the property is available. Please check the available date listed on the advertisement prior to applying. If there are multiple applications on a property, your move in date must be within 2 weeks of the available date, in order to qualify to be processed first. If you require a move in date outside of 2 weeks from the available date, it must be approved in writing by management. If you have not seen the property, you must notify management at the time of application.
Any application that does not meet the minimum requirements listed above may be approved with an increased deposit. All deposit increases are due prior to move in.
Applicant and/or any co-applicant may withdraw their application at any time however; applicants understand and agree that they forfeit their application fee. If applicant, or any co-applicant, withdraws an application, or notifies us that you've changed your mind about renting the property, we are legally entitled to retain all application fees as liquidated damages, and the parties will then have no further obligation to each other. A copy of your credit report will be available for pick up if you wish to receive a copy (we do not mail any credit reports).
A GPM representative will notify applicant(s) (or one of the co-applicants, if applicable) within five (5) business days after the date we receive a completed application of approval (5 business day period may be subject to changes based upon landlord verifications). Once approved by GPM, the full amount of the Security Deposit will need to be delivered to the office. Once received, the Lease Agreement will be sent out to all parties for review and to be signed. Once the Lease Agreement has been signed by all applicants, the holding deposit of $500 will be due if you cancel your lease prior to moving in. On the day you move in, GPM will collect the remainder Move-In funds, which will be a full first month's rent, pro-rated rent (if applicable), plus any pet deposits (if applicable). PAYMENT WILL ONLY BE ACCEPTED IN THE FORM OF MONEY ORDERS OR CASHIER'S CHECK. A personal check will not be acceptable for the first month's rent and security deposit. CASH IS NEVER ACCEPTED BY GOLDEN PROPERTY MANAGEMENT OR ITS AGENTS FOR PAYMENT OF RENT OR SECURITY DEPOSIT.
A GPM representative will notify the applicant (or one of the co-applicants, if applicable) whether there application has been disapproved within 5 business days after the date we receive a completed application (5 business day period may be subject to changes based upon landlord verifications). Notification may be in person, email, or telephone. You must not assume approval until you receive actual notice of approval.
Holding Deposit (NON-REFUNDABLE)
Once the applicant(s) have been approved, then the security deposit is due in order to hold the property. FIVE HUNDRED DOLLARDS ($500) of the security deposit is considered the Holding Deposit which is NON-REFUNDABLE. The holding deposit is not a security deposit. However, it will be credited towards the required security deposit at move in; OR it will be retained by GPM as liquidated damages if you fail to move in on the move in date as per the executed Lease Agreement.
Keys or Access Devices
We'll furnish keys, and/or access devices, only after all of the following have been completed: (1) all parties have been approved and collected holding deposit (2) all parties have signed the contemplated Lease Agreement, and other rental documents referred to in the Lease Agreement (3) all applicable rents and security deposits have been paid in full (4) once move-in walk through form has been completed and signed by, at least, one of the parties to the lease.
DISCLAIMER NOTE: Each property and its property owner hold the right to vary from these guidelines.