Article Description

 

JRealty Rental Application & Leasing Criteria

 

What prospective tenants should know before applying for a JRealty-managed rental.
JRealty evaluates rental applications using consistent screening criteria designed to help determine an applicant's ability to meet the financial and other lawful obligations of the lease.
We are committed to providing equal housing opportunities and applying our screening standards fairly and consistently. 

At a Glance

   
Consideration Order
All Fully Completed Applications are considered in the order received.
Income Guideline
The applicant's gross (before taxes) monthly income should be at least 3 times the monthly rent.
Credit Guideline
JRealty requires a FICO score above 650, subject to housing-subsidy rules.
Application Fee
The application screening fee is $50. Fees are collected, and processed as required by law.
Processing Time
Most completed applications are processed within 3–5 business days.

Equal Housing Opportunity

JRealty is an Equal Housing Opportunity provider. We comply with federal, California and applicable local fair housing laws and do not discriminate against applicants based on any legally protected characteristic.
 
JRealty specifically DOES NOT discriminate on any of the following legally protected characteristics: race, color, ancestry, national origin, religion, sex, gender, gender identity, gender expression, sexual orientation, marital status, familial status, disability, medical condition, military or veteran status, source of income, immigration or citizenship status, primary language, age where protected by law and other characteristics protected by applicable law.
 
Applicants should not submit photographs, family photographs, personal introduction letters, or other information concerning protected characteristics as part of the application.
 

Income Qualification

JRealty generally looks for the monthly rent to be less than 33% of the applicant's gross monthly income.
Income must be lawful and verifiable. Depending on the applicant's circumstances, documentation may include pay statements, tax documents, benefit statements, bank records, or other appropriate verification.
Applicants Using Housing Assistance
JRealty accepts federal, state and local government housing subsidies and rental-assistance programs. For applicants using a housing subsidy, the income qualification standard is based on the portion of the rent the applicant is personally responsible for paying.

Credit Qualification

For applicants who are evaluated using credit history, JRealty generally looks for a FICO score above 650.
The credit qualification should generally be associated with the applicant whose income is being relied upon to qualify for the rental.
Applicants Using Housing Assistance
When applicable, applicants receiving qualifying housing assistance may provide lawful and verifiable evidence demonstrating the ability to pay their portion of the rent in accordance with applicable law.

Verification Requirements

Applicants will be required to provide complete and accurate verification documents as part of the rental application. 
 
Verification requirements usually include:
  • 2 forms of identity
  • pay stubs
  • W-2
  • bank statement(s). 
Additional verification may be required including: proof of other sources of income, animals, or other reasonable verification requests based on specifics in each application. Any additional screening criteria used for a particular property will be disclosed and applied consistently in accordance with applicable law.

Frequently Asked Questions

What does Fully Completed Application mean?
Yes, a Fully Completed Application is an application that has all of the Verification Requirements satisfied.  Note that sometimes uploaded documents are unreadable or rejected for various reasons.
Are applications considered in the order received?
Yes, all fully completed applications are considered in the order received.
How much does it cost to apply?
The current JRealty application screening fee is $50. Screening fees are processed in accordance with applicable California law.
Can I provide my own credit report?
JRealty generally obtains its own screening report so applicants can be evaluated using a consistent screening process.  We do not accept ‘Reusable tenant screening reports', however, you can reuse a report that JRealty pulls for up to 30 days.
How much is the security deposit?
The standard JRealty security deposit is generally one month's rent, subject to the property and applicable law.
One applicant has the income and another has the credit. Can we qualify together?
JRealty evaluates the income and credit information associated with each applicant according to the applicable screening criteria.
How long does an application take?
Most completed applications are processed within 3–5 business days. Verification may occasionally require additional time.
Ready to Apply?
Review the available rental you're interested in before submitting your application.
Questions about the leasing criteria? Call JRealty at  (424) 732-3980