Rental Application Policy

Thank you for applying with PMI Palm Properties for your housing needs. In order to best serve you, we feel it is imperative that you are made aware of, and fully understand our application policies and procedures.

Each adult over the age of 18 years needs to submit an application. The Application Fee is $60 per adult and is a Non-Refundable FEE. Before you apply for the home, read the following information carefully concerning the approval process. If you have any questions, please contact us.

PMI Palm Properties fully complies with the Fair Housing Law. We do not discriminate against persons because of race, color, religion, sex, handicap, familial status, national origin or age. We also comply with all state and local fair housing laws. Approval is based on Several Factors:

• Identification Verification
• Credit History & Verification
• Rental History & Verification
• Income History & Verification
• Employment History & Verification
• Criminal Background & Terrorist Database Search (Addendum Attached)
• Pet Criteria (Addendum Attached) “Petscreening.com Pet, Animal & No-Pet Profile"

Please read this document carefully before signing. It is the policy of this management company that applications must be complete and all fees paid prior to submission for consideration. All completed applications are processed on a daily basis (Mon-Fri, excluding Holidays). All completed applications for the same property may be submitted to the landlord for final decision.

An application will contain:

• Signed PMI Palm Properties General Rental Criteria, Rental Application Policy and Procedures Form
• Signed PMI Palm Properties Privacy Notice (Full Addendum Attached)
• PMI Palm Properties Residential Lease Application; (One for each individual 18 years and older)
• $60 Application fee for each PMI Palm Properties Residential Lease Application submitted

Required Supportive Documentation:

• Valid Driver's License or other Photo ID for each Residential Lease Application submitted
  • (Plaid ID Verification Preferred, 2 Forms of ID's Required if ID is not verified thru Plaid System)
• Verifiable Proof of Income (2 months of paystubs or 2 years of tax returns if you’re self-employed and receive an IRS1099 Form)
• Verifiable Cash Reserves (2 Months of Bank Statements)
• Completed Pet Screening Profile (Required by all Applicants ); Pet Screening Profile

Lease Processing Fee: There is a one-time lease processing fee of $150 which is paid once your application is recommended for approval.

Two Years of Good Rental History:

No Forcible Entry & Detainer (Evictions) unless you have verifiable documentation of landlord irresponsibility. However, an FE&D due to property damage by the resident will not be accepted under any circumstances. No history of any damage to the residence, or an outstanding balance due to a previous landlord. If you have no prior rental history then you must have a qualified cosigner - the cosigner must be a resident of Texas, have a good credit history and be willing to sign the lease. We can accept base housing as rental history.

Verifiable Gross Income:

Minimum of three times the rent charged on the residence. Section 8 vouchers and certificates may be accepted. The resident must meet the same criteria as those seeking non-subsidized housing.

Verifiable Reserves:

Cash reserves are needed to qualify for the property, we are looking for an available balance equal to your needed move-in funds. Move-in funds is the security deposit required plus one month's rent.
Example: Required Security Deposit of $2,000 + One month's rent of $1500 = $3500 Move-in Funds.
We are also looking for a positive rolling monthly balance on the bank account statements.

Criminal Background Check:

Residency may be denied due to criminal history (see Criminal Background Criteria)

Credit History:

Credit history must show that the resident has paid bills on time and has no history of debt write-offs or accounts that have gone into collection. Residency may be denied due to poor credit history. Contingent to your credit, a specific Cash Security Deposit amount will be required. All leaseholders credit scores are averaged together. See below

• Credit Score 700 and above: The Security Deposit is the advertised amount.
• Credit Score 600-699: Requires an additional deposit amount equal to one-half of a month's rent above the advertised amount.
• Credit Score 550-599; 0/NA: Conditional Approval May be Considered - Requires an additional deposit amount equal to one month's rent above the advertised amount.
• Credit Score 1-549 will be declined.

Co-Signers:

Co-signers are eligible to help increase your credit score if needed. Co-signer income considered on a case by case basis. The qualified co-signers Credit Score must have a minimum of 700 or higher.
Example: Applicant Credit Score = 550 + Co-signer Credit Score = 700, Average Credit Score = 625

Maximum Occupancy:

Please note that these are the maximum number of occupants who may occupy homes with the number of bedrooms noted:
Efficiency - 2 Occupants 1 Bedroom - 3 Occupants 2 Bedrooms - 5 Occupants
3 Bedrooms - 7 Occupants 4 Bedrooms - 9 Occupants 5 Bedrooms - 11 Occupants

Roommates may be considered and will be required to provide a Cash Security Deposit of a minimum of 2x the monthly lease amount.

Definition of Roommate Situation
A "roommate situation" refers to any living arrangement where three or more individuals, who do not qualify as immediate family members, intend to reside in the same rental property. Immediate Family Members are defined as Parents, Children, Grandparents & Grandchildren.

PET SCREENING IS A REQUIRED PART OF THE APPLICATION PROCESS FOR ALL APPLICANTS:

A welcoming environment is paramount to all of our residents with or without pets as well as animals. To help ensure ALL of our residents understand our pet and animal-related policies, we use a third-party screening service and require EVERYONE to complete a profile. This process ensures we have formalized pet and animal-related policy acknowledgments and more accurate records to create greater mutual accountability. If you need accommodation in another way, please contact us. Please get started by selecting a profile category on our landing page: https://pmipalmproperties.petscreening.com

Upon Approval:

Once you have been notified of your recommendation for approval you will receive an email to provide your required Deposits & the Lease Preparation Fee. Upon PMI Palm Properties receiving your Security Deposit & the Lease Preparation fee the property will stay on a temporary hold while we write your lease. The lease will be sent out for the agreed-upon move-in date through Docusign for you to review and sign online. You can come in person to sign the lease if you wish. You will have 24 hours to review and sign the lease once it has been sent to you. After the lease has been signed we will take the property off the market. Once all Move-in funds and fees have been paid we will provide you the access code to enter the property for move-in and obtain your keys at the leased property on the morning of your lease start date. (If your prorated rent amount is 20% or less than the full monthly lease amount, then the next month's full rent amount will be due before move-in)

Property Condition: Applicant is strongly encouraged to view the Property before signing any lease. Landlord makes no express or implied warranties as to the Property's condition. Should Applicant and Landlord enter into a lease, Applicant can request repairs or treatments (see question section below).

Sight Unseen Addendum: If any leaseholders have not physically seen the property prior to a lease being signed, a “Sight Unseen Addendum" will be required to be signed by all leaseholders.

PMI Palm Properties is an Equal Opportunity Housing Company and a member of the National Association of Residential Property Managers (NARPM®) & National Association of REALTORS®. Our staff members adhere to a strict Code of Ethics, and the Federal Fair Housing Law.

Non-Disparagement Clause: You will be required to sign a Mutual Non-Disparagement Clause with your lease. This Clause protects you and PMI Palm Properties from disparaging comments, verbally or in writing that could be injurious to business, reputation, or property, or disparaging comments that are false.

Pet Policy

PMI Palm Properties has a very basic pet policy. Most of our properties allow almost any pet you could imagine! We have had Labs and Chihuahuas, cats and mice (not together of course), snakes, ferrets, birds and rabbits. We understand that a pet plays a significant part in many people's lives, so we strive to allow most animals in most of our rental properties. Please make sure to ask if the property that has caught your eye accepts pets. Pet Screening Profiles are required for every applicant applying for one of our properties. Pet Screening provides a risk level assessment for each pet profile which is based on the over risk of the pet. Pet Fees are based upon those Paw Score Risk Levels. Pet Screenings & Policy Affirmations can be completed by going to: PMI Palm Properties.PetScreening.com

Regardless of prior consent, PMI Palm Properties Properties reserves the right to have any pet removed from the property if it is determined that the pet poses a threat to the safety or condition of the property or any people in the property or the community.

PMI Palm Properties charges a pet fee each month for each of your pets. The term “pet fee” is simply a fee you will pay for the allowance of your pet to occupy the rental unit with you. Pet fees are charged on a monthly basis and are paid with your property rent. The charges breakdown as follows for each paw score risk level and non traditional pets:

Pet Processing & Lease Addendum Fee for Pets*

Pet Processing Fee				$100 (Per Pet)
1 Paw - $100	2 Paw - $80	3 Paw - $60	4 Paw - $50	5 Paw - $40

Pet Fee (Paid Monthly with Property Rent)

*Dogs & *Cats	Based upon Paw Score
Birds (per cage) Small Breeds (ie. Budgies & Finches) - Large Breeds (ie. Parrots & Cockatoos)	Small Breed - $10 Large Breed - $25
Caged pets (per pet) (Hamsters, Gerbils, Guinea Pigs, Reptiles, Ferrets, Amphibians etc…)	$10
Water Filled Tanks “Fish Tanks” (Per Tank Over 10gals) *max of 50 gal	$10 per 10 gallons
*Farm/Exotic Pets & Fish Tanks over 50Gal	Case By Case Basis