Rental Application Criteria for MSC Property Management

Thank you for considering MSC Property Management for your new home. We are dedicated to maintaining a safe, respectful, and welcoming environment for all our residents. Below are the criteria all applicants must meet to be considered for tenancy at our properties:

1. Income Requirements

   • The combined gross monthly income of all applicants must be at least three times the monthly rent.

   • Self-employed applicants may verify income by submitting a signed previous year's filed tax return showing income at least three times the monthly rent, or by demonstrating an average bank balance over the last six months equal to six times the monthly rent.

2. Credit Score

   • Applicants will need to have a credit score of 650 or above.

   • Applicants must demonstrate an established credit history. Applications with insufficient credit history or no credit profile may not meet screening criteria and may require a qualified guarantor.

3. Guarantor Policy

   • A guarantor will be required for applicants who do not meet income or credit requirements, including applicants with insufficient or no credit history. Guarantors must have a verifiable gross income of at least four times the monthly rent and a credit score of 720 or higher.

4. Security Deposit

   • The security deposit will be equal to one month’s rent, in accordance with California law.

   • In certain situations, additional approval conditions, such as a qualified guarantor, may be required based on the applicant’s screening results.

5. Holding Deposit

   • Once an application is approved, applicants may be required to submit a holding deposit to reserve the property. This deposit will secure the unit for a specified period (not to exceed two weeks).

   • The holding deposit will be applied toward move-in funds if the applicant proceeds with the lease. If the applicant cancels or fails to meet move-in requirements within the agreed timeframe, the holding deposit may be forfeited.

6. Background Check

   • A clean background check is mandatory. Applicants with felony convictions related to crimes against persons or property, manufacturing or distribution of controlled substances, or fraudulent financial activities will be declined.

   • Applicants must not be listed on the Office of Foreign Assets Control (OFAC) list.

7. Rental History

   • Applicants must have no prior evictions and should not owe money to previous landlords.

   • No more than two late rent payments are allowed in a calendar year.

8. Smoking Policy

   • Smoking is strictly prohibited inside and outside the property.

9. Occupancy Limits

   • Maximum occupancy is limited to two persons per bedroom.

10. Move-in Timeline

    • Residents are required to move into the property within 2 weeks of acceptance.

11. Identification Verification

    • Valid identification must be provided. Applications will be declined if identity cannot be verified.

Application Process

To apply, please submit a completed application form along with the required documents for income and identity verification. A non-refundable application fee is necessary to cover the costs of background and credit checks; the amount of this fee will be clearly specified in the application materials.

Final Note

Meeting these criteria does not guarantee tenancy. Final decisions are based on the completeness and accuracy of your application, the results of the background checks, and the specific needs of the property management. Our policies are applied fairly and consistently to all applicants in compliance with California laws and fair housing regulations.