Rental Qualifications

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, incomplete, or misleading 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 including criminal history and credit screening as part of the application processing procedure. The credit 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 tax return for the prior year and your business bank statements for the last 2 months as well as any Articles of Incorporation/Certificate of Formation that exists, any Business License.

Income –Our income assessment stipulates that the combined household income of all residents should be equivalent to at least 3 x the monthly rent. We calculate this income based on the gross Year-To-Date (YTD) amount for W-2 employees. For those submitting a Tax Return, we base our evaluation on the Adjusted Gross Income.

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.

Administration and Holding Fees / Security Deposits:

If approved, a refundable, nontransferable Holding Fee is required to hold and secure any property before you have executed a lease and provided.

The Holding Fee can be paid 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, non refundable $150 administration fee is required to be paid with the Holding Fee. The Holding Fee along with the administration fee must be received within 24 hours of approval to secure the home.
The Holding Fee will be the same amount as the security deposit defined in the lease and shall be applied to the security deposit when due under the lease or by law. The Holding Fee shall be fully refundable until it has been applied to the security deposit when due following the execution of the lease.

Pets:

We accept common, household pets at most of our properties subject to certain conditions and restrictions. A description of the pets along with a photo of each one is required with your submission of an application.
We prohibit any dangerous dogs including the breeds listed below (including mixes).
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 refundable holding has been received. All leases must be signed and submitted within 48 hours of receipt.
Additional administration fees apply if any lease has to be amended due to tenants’ change in move-in date or other revisions. We must receive the lease signed by all tenants within 48 hours of to the proposed lease being delivered to you or it will be canceled and we will start accepting new applications.

*IF YOU DO NOT EXECUTE AND RETURN THE PROPOSED LEASE WITHIN 48 HOURS AFTER IT IS SENT TO YOU, THEN WE RESERVE THE RIGHT TO CANCEL SUCH LEASE, CANCEL YOUR APPLICATION, RETAIN THE ADMINSTRATION FEE, AND REFUND THE HOLDING FEE TO YOU.

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 refundable Holding Fee payment.

– NEXT STEPS UPON APPROVAL

1. Pay the refundable Holding Fee and non-refundable administration fee.
The Holding Fee and administration fee are separate from your Move in Funds which consist of your prorated rent for the initial month and any other required deposits or fees.
2. Your lease will be drafted and sent to you for execution after the administration fee and Holding Fee 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), provide proof of renter’s insurance, and provide utility information prior to your move in date or else you may not be permitted to move in to the home.

YOUR SUBMISSION AND SIGNING OF YOUR APPLICATION INDICATES THAT YOU HAVE AGREED TO THE TERMS STATED HEREIN 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, MISLEADING, 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.

In order to apply, each adult 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 may contact any employer, landlord, or other reference provided by you to confirm the applicable information submitted on a rental application.

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 paid the administration fee and a non-transferable, refundable Holding Fee to hold the property and thereafter execute a written lease within 48 hours after receipt. Your Holding Fee will be applied to your security deposit under the lease when due If Open House notifies you that your application has been approved and has elected to lease property to you, then you will have 24 hours to pay your refundable Holding Fee and 48 hours to return the fully executed lease following receipt along with your payment of the administration fee, and 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 the proposed lease, refund the Holding Fee, retain your application fee, and accept another prospective tenant. After you return your executed lease, you must pay the prorated rent for the first month, provide proof of renters insurance and utilities in your name before you will be permitted to move in and if you fail to move in prior to the date stated in the lease, then Open House may declare a default of the lease

Proposed leases are typically sent to your email, as provided on the application, through Docusign® 1-3 business days after the Holding Fee has been received to be signed and returned electronically to Open House.
For any co-applicants, any rejection of one applicant shall be considered a rejection of all applicants. All co-applicants must be approved and must execute the lease as described above. 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 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.

DISCLAIMER: Some counties and municipalities may have certain restrictions on the number and relationship of occupants living in single family homes. All prospective tenants represent that they have reviewed, understand and shall comply with such restrictions. Open House shall not investigate, inquire, or makes any representations or warranties regarding the permissibility of the tenants’ occupancy of any homes.