Rental Qualifications

Welcome to Capstone Realty Professionals!

Capstone Realty Professionals is dedicated to helping you find your next property. The below information outlines our leasing criteria and the application process. The fastest way to apply to lease with us is to provide all required information and documentation. Capstone adheres to all Fair Housing Laws.

Before getting started, please know:

  1. Applications are processed Monday-Thursday 9am- 5pm MST and Friday 9am- 2pm MST
  2. Application fees are non-refundable
  3. Application decisions are subject to landlord/owner approval
  4. Applicants over the age of 18 must complete an application and pay the application fee
  5. Incomplete or inaccurate applications will result in denial

Resident Selection Criteria

Photo Identification:

  • Applicants over the age of 18 must provide valid government-issued photo identification

Household Income:

  • Gross monthly household income must total at least three (3) times the monthly rent

Residential History: 

  • Most recent 24 months verified by current and prior landlords
  • Alternatively, applicants may provide two consecutive residential references and verifiable proof of on-time payment history
  • Owning previous residence may substitute for rental history, if ownership is verifiable
  • An eviction or judgment at any time will result in an automatic denial

Credit Score:

  • Household average minimum of 620

Credit Report:

  • Free of collections, judgements, negative liens & bankruptcies
  • Automatic Rejections include, but aren’t limited to:
    • Utility collections
    • Rental collections
    • Judgements
    • Open Bankruptcies
    • Negative liens

Criminal History:

  • Automatic Rejections:
    • Felony convictions (violent crimes, drug distribution/manufacturing) within 20 years
    • Felony drug possession or alcohol-related convictions (no permanent injury/death) within 15 years
    • Outstanding warrants or pending trials
    • Sex offender status 

PetScreening:

Materials Needed to Apply

IDENTIFICATION

– Non-expired government-issued photo identification

RENTAL HISTORY

– Contact information of all landlords for previous twenty-four (24) months

– Alternatively, proof of on-time payment history by either ledger or landlord verification (ledgers can be emailed to [email protected])

PROOF OF INCOME

Below are examples of acceptable forms of income proof. Depending on documents submitted, additional information or documentation may be required. All pages required, screenshots will not be accepted.

If employed:

– Two months of most recent pay stubs

– Two months of most recent personal full bank statements (Business bank statements not accepted)

– Previous year W2 plus most recent paystub (if applying in first half of year)

– Signed offer letter on company letterhead

If self-employed (Non-Business Entity):

– Most recent two (2) years of filed tax returns

– Most recent two (2) months of full bank statements

– Previous year 1099 documents that total at least 3x property rent

OTHER INCOME/ASSISTANCE

– Alimony/Child Support:

– Signed, full court order

– Bank statements to show payments received

– Retirement Benefits

– Award letter

– Account statements

– Assistance

– Active voucher

– Contact info for assistance agency

– Disability

– Current award letter

– Account statements

– Any other verifiable form of income/assistance used to support the monthly rental payment

ANIMAL SCREENING

COSIGNERS

Should an applicant require a cosigner to qualify to lease a Capstone property, the requirements are:

  1. Cosigners must be at least 18 years of age
  2. Cosigners must pay the application fee (application fees are non-refundable)
  3. Application decisions are subject to landlord/owner approval
  4. Incomplete or inaccurate applications will result in denial

Photo Identification:

  • Cosigners must provide valid government-issued photo identification

Household Income:

  • Cosigner’s gross monthly income must total at least four (4) times the monthly rent

Credit Score:

  • Cosigner’s credit score, added with the other applicants, must average at least 620

Credit Report:

  • No negative liens or open bankruptcies

Questions or difficulty applying? Contact Capstone at 602-354-4660.