The following policies are established to ensure that all prospective applicants for a property processed by Torque Property Management will be treated equally.
Please read the following policies. If you feel you meet the guidelines for qualifying, we encourage you to submit an application. Only one application will be processed at a time and applications will be processed in the order received. An incomplete application will not be considered.
MINIMUM CRITERIA & CHECKLIST FOR TENANT SELECTION
A completed and signed application to be received from each person 18 years of age or older. Everyone 18 years of age must be a lease holder.
Sufficient income – Monthly income is 2.5 times the rental amount (married couples combined income may be used to meet this criterion). For roommate situations, each lessee must show gross income equal to or exceeding 1.5 times the monthly rent.
Verifiable source of income or employment. Unverifiable income will not be considered. Pay stubs, verification of income letter (on company letterhead), a letter of benefit assignments or tax statements of the applicant.
Self-employed prospective residents must provide tax returns from the previous 2 years for salary verification.
Same source of income or employment for a minimum of 7 months. Unemployment compensation is not considered a qualifying source of income. Bank accounts, stocks, bonds and other forms of assets may also be used to verify the financial status of a prospective resident. It will be necessary to furnish management with proof of funds equal to one (1) year worth of rent and they must document that the funds have been in their account for the last four months.
Able to pay a holding deposit of half month’s rent within 1 day of acceptance.
Able to pay full deposit and rent requested.
No negative remarks on credit history from utility companies. Marginal or bad credit may result in an increased security deposit or denial of application. Minimum credit score is 650.
Fills out application completely and truthfully. Applications will be denied if falsified or missing information. An incomplete application may be rejected or not processed. Any misstatements or omissions made on your application, whether or not discovered before you move into your residence, is grounds for denial of an application or termination of an existing lease agreement.
Must provide 2 verifiable concurrent years of residency with acceptable rental history.
No prior evictions.
A GOVERNMENT ISSUED PHOTO ID BY EVERYONE 18 YEARS OR OLDER MUST BE PROVIDED AT THE TIME THE RENTAL AGREEMENT IS SIGNED.
Able to put utilities in your name that you will be responsible for at the rental you are applying for. Utilities to be transferred into your name for the date you are moving in, as soon as a move in date has been determined.
Has no recent criminal history. Management reserves the right to deny residency and occupancy for any criminal activity at their discretion. Guarantors/ cosigners cannot be used as a substitute for this requirement. Registered sex offenders will be disqualified for life.
ALL MOVE IN FUNDS are to be paid in the form a cashier’s check or online to Torque Property Management and all utilities for which you are responsible for must be transferred into your name by the agreed upon move in date BEFORE keys are provided.
No person or persons shall be denied the right to rent one of our apartments, homes etc., because of race, color, sex, religion, familial status, national origin, age, or physical handicap.