Rental Qualifications and Acknowledgement

Please read below before submitting an application.

Application Fees are non refundable.

Required Documents and Details:

    1. Front and back photo of government issued ID or Passport
      Must be digital photo taken of government issued ID or Passport
    2. 30 days/1 Month of current pay stubs
      • Monthly – 1 Current Pay Stub
      • Semi Monthly – 2 Current Pay Stubs
      • Weekly – 4 Current Pay Stubs
      • Bi Weekly – 2 Current Pay Stubs
    3. 60 days/ 2 Months of current bank statements

*Any false information provided will result in an application being canceled and denied. We do not accept any screenshots of required information. Additional Documentation may be requested throughout the processing of your application. Approvals are based on the most qualified applicants based on our rental qualifications.
Meeting the minimum requirements above does not guarantee approval.

Credit and Background Check:

Open House applicants are subject to a background check and credit screening as part of the processing procedure. The Equifax Report will be carefully assessed, and the overall evaluation outcome may lead to one of the following decisions: Approved, Approved with Conditions (Additional Deposit), or Denied.

  • A freeze or block on your Equifax score will constitute an automatic denial.
  • History of any bankruptcy(ies) may result in denial.
  • Poor or unfavorable credit history may result in denial
  • Screening is based on information provided by the applicants and can result in denial. Please be sure that all information is accurate.

A background report will be processed for each applicant. Each applicant’s criminal history including arrest record, convictions and deferred adjudications / deferred probations and any decision to approve or reject an application shall be made on a case by case basis taking into account the nature, severity, and age of the offense.

Rental History
Please be prepared to provide the last 12 months of rental history.

  • Any eviction filings within the last 5 years will be grounds for denial.
  • More than 3 late rent payments for any reason in the last 12 months are grounds for denial.
  • Any open rental collects are grounds for denial.

 

Employment/Income Verification:

Applicants must have stable employment and verifiable income. If not employed, proof of regular income must be submitted. This includes any Retirement Funds, Pensions, Social Security Income, Child Support, etc. along with 2 months of bank statements.

An offer letter or intent to hire letter should be submitted if employment has not yet started. This document must be signed by both the applicant and employer. It is required that the letters provided are dated within 30 days of the application date for proper consideration.

If self-employed, please include the name of your business including the name of any legal entity, trust, association, or partnership and the state where such has been formed. Also, attach your personal/business tax return for the prior year and your personal or business bank statements for the last 6 months as well as any Articles of Incorporation/Certificate of Formation that exists, any Business License.

Income –The household income requirement of all occupants is 3x the monthly rent amount. Income is calculated on the gross YTD amount.

Guarantors must meet ALL applicant requirements including 4x the monthly rent amount in standalone income and have a credit score of 580 or above.

  • Applicants may be denied due to debt to income ratio
  • Any open Mortgage Accounts will be deducted from the YTD amount in assessing annual income.
  • If you currently own your home and are selling it, you will need to provide closing documents or a sales agreement. You must be outside of your option period to be approved.

We do not accept housing vouchers.

Security Deposits:

Security deposits can be made via certified funds in the form of a rent money voucher or by money order/cashier’s check made out to Open House Texas Property Management LLC. If you reside in Georgia you can provide a money order/cashier’s check made out to Open House Atlanta Property Management LLC.

A one-time $150 admin fee is required with the security deposit.
Security Deposits must be received within 24 hours of approval to secure the home

Pets:

We accept pets at all of our properties. Pets photos are required with submission of application.

The following are prohibited breeds including mixes of such breeds:
This does not guarantee the approval of any breed not listed.

  • Doberman Pinscher
  • Chow-Chow
  • Pit Bull
  • Rottweiler

There is a $350 non-refundable pet fee per pet. The maximum number of pets is 3.
All applications with an Emotional Support Animal(s) or Service Animal(s) must provide a photo of the animal(s) and relevant documentation, dated within the previous 12 months, from medical professionals regarding said animal(s).

Lease Agreements:

Leases will be sent electronically through DocuSign for your electronic signatures. Leases are typically sent 1-3 business days after the security deposit has been received. All leases must be signed and submitted within 48 hours of receipt.
Additional admin fees apply to leases having to be re-drafted due to tenants’ change in move-in date or other revisions. We must receive all tenant signatures within 48 hours or your final lease has been delivered to you or it will be canceled and we will start accepting new applications.

*IF YOU DO NOT EXECUTE AND RETURN THE LEASE WITHIN 48 HOURS AFTER IT IS SENT TO YOU, THEN WE RESERVE THE RIGHT TO RETURN THE DEPOSIT TO YOU AND CANCEL YOUR APPLICATION AND UNEXECUTED LEASE

Move-In Day:

Move-in is processed electronically between 8 AM-10AM Monday thru Friday. Move-in funds can be paid by cashier’s check and money order. If move-in requirements are not received by the end of the processing timeframe, future tenants will be required to wait until the following business day.

Please be advised that move-in dates will fall between 10 to 14 calendar days after the time you remit your security deposit payment.

– NEXT STEPS UPON APPROVAL

1. Pay the security deposit and admin fee
The Security Deposit and Admin Fee are separate from your Move in Funds which consist of your rent and any other required deposits or fees.
2. Your lease will be drafted and sent to you for execution after the deposit is received and a leasing coordinator will be in contact with all move-in details.
3. Be prepared to pay your move-in funds (Prorated Rent, Pet Fees, etc) and provide utility information prior to your move in date.

YOUR SUBMISSION AND SIGNING OF YOUR APPLICATION INDICATES THAT YOU HAVE AGREED TO THE TERMS STATED ABOVE INCLUDING THAT YOU HAVE HAD THE OPPORTUNITY TO REVIEW OPEN HOUSE’S TENANT SELECTION CRITERIA. THE TENANT SELECTION CRITERIA MAY INCLUDE FACTORS SUCH AS CRIMINAL HISTORY, CREDIT HISTORY, CURRENT INCOME, AND RENTAL HISTORY. IF YOU DO NOT MEET THE SELECTION CRITERIA, OR IF YOU PROVIDE INACCURATE OR INCOMPLETE INFORMATION, YOUR APPLICATION MAY BE REJECTED AND YOUR APPLICATION FEE WILL NOT BE REFUNDED.

 

ACKNOWLEDGEMENT

Open House utilizes a third party screening service to review and approve all occupants over the age of 18 along with any lease guarantor, and once approved, all such occupants and any guarantors must execute the lease unless an occupant is an adult dependent of an applicant in which case such person only needs to be listed on the lease along with any children.

Each occupant must complete the rental application, pay a non-refundable rental application and processing fee, submit the required documents, and agree to a comprehensive background check. A rental application may be denied based on a number of objective criteria including a person’s criminal history, previous negative/non-existent rental history, current income, credit history or lack of credit, failure to complete or provide accurate information on the application, or failure to submit the required documents as further described below.

Open House reserves the right to accept applications from multiple interested parties for a single property and to select the occupant(s) which have the highest combined score as provided by the screening service and as supported by the requested documentation. All rental application and processing fees are non-refundable. Submission and approval of your application does not ensure or guarantee that the house you are interested in will be leased to you until you have executed a written lease and paid your administration fee and security deposit. If Open House notifies you that your application has been approved and selected to you to proceed towards leasing the property, then you will have 24 hours to pay your security deposit to hold the property and 48 hours to return the signed lease following receipt along with the administration fee, and pay any other costs or fees as stated in the lease when due prior to move-in or else Open House may cancel your application, terminate your lease retain any security deposit (as stated in the lease), retain your application fee, and accept another prospective tenant. Leases are typically sent to the email on the application through Docusign® 1-3 business days after the security deposit has been received to be signed electronically.
For any co-applicants, any rejection of one applicant shall be considered a rejection of all applicants. If Open House fails to notify you that your application has been approved or rejected within 7 days after all information has been received and processed and, then your application shall be deemed rejected.
Open House shall not consider or reject an application or take any adverse action based on an applicant’s race, color, religion, sex, disability, familial status or national origin.