Prospective Tenants

Thank you so much for your interest in applying with KP Real Estate Investments Inc. for your housing needs! We feel it is important that you fully understand our application policies and procedures. Please read all information below (in its entirety) before completing the application.

• All applications must be complete and all application fees paid prior to any application being processed.
• All applications are processed on a daily basis, Monday-Friday. Applications are processed in the order they are received.
• IMPORTANT: KP Real Estate Investments Inc. does not rent our properties sign unseen. You must see the property first before applying.
• Our application fee is $40 per adult 18 and over. Application fees are non-refundable.
• We do not accept comprehensive reusable tenant screening reports.

A complete application will contain:

• Income verification
• Must be able to verify income, ie: paystubs, W-2’s, tax returns, social security, award letters, and/or housing assistance documentation etc.
• Contact information for current and previous landlords
• Income verification submitted for each applicant
• Application fee paid for by all applicants
• Identification documents submitted for each applicant (Current State-Issued Photo IDs or a Current Passport are acceptable forms of ID)
• Complete your application process even faster by submitting your verification and ID documents when you submit your application!

Thank you for your interest in a rental home managed by KP Real Estate Investments Inc.. We require that all prospective residents meet the following qualifying criteria when completing the rental application:

• Gross income must be at least 3 times the market rent of the property for which you are applying and must be fully verified. For most applicant situations, we verify income using paystubs and a written employment reference. For self-employed applicants, we require the last 60 days of bank statements and a prior year tax return showing required income amounts. Applicants receiving social security or other federal assistance must provide documentation thereof, including a statement of benefits and bank statements showing the income being received. Court-ordered spousal or child support may be considered with consistent payment history for the prior 12 months.
• Applicant must provide information for their current and immediately previous landlords and have a minimum of two years of verifiable rental history. Verifiable rental history for a period of at least 24 months, in which all the lease terms have been satisfactorily fulfilled, is required. Applicants with late or bounced payments, but an otherwise positive Landlord reference, may be approved with additional deposit. 
• Applicant must physically reside in the property for which they are applying. Applicant must live in the rental unit and must disclose all persons that will be occupying the unit. All persons residing in the property are subject to background checks prior to occupancy. All persons 18 years of age or older must be a leaseholder and qualify for the unit with the applicant.
• A criminal background check will be completed on all occupants 18 years of age or older. Criminal records must contain no convictions for felonies within the past 7 years involving the manufacture or distribution of controlled substances or physical violence against other persons. For other felony convictions, we will conduct individualized assessments that take into account mitigating factors, such as facts & circumstances surrounding the criminal conduct, age at time of conduct, evidence of good tenancy before and after conduct, nature & severity of conviction and the amount of time that has passed since the conviction. Criminal history which indicates that an applicant’s tenancy would constitute a direct threat to the health or safety of other individuals or whose tenancy could result in substantial physical damage to the property of the owner or others may result in rejection of the application. 
• If a prospect is declined based on the criteria listed, landlord reserves the right to take adverse action. This may include denial of the application, the requirement to pay a higher security deposit, or the requirement to obtain a qualified co-signer. If a co-signer is required, they must also apply and pay the application fee and must also meet all the criteria of an applicant AND have verifiable gross income of at least 4 times the rent.
• Occupancy limits have been established by the size of the unit. Maximum number of persons allowed is as follows (unless otherwise defined by statute or local ordinance): No more than 2 occupants per bedroom plus one. 
• Falsifying information on an application will be grounds for immediate rejection of the application.
• Credit factors, such as delinquency, percentage credit usage to limit, bankruptcy, etc. may influence Landlord’s decision to lease the property to you.

In order to view a rental home you must show a form of identification. Please have identification with you at time of showing.

We do business in accordance with the Federal Fair Housing Law. We do not discriminate against any person because of race, color, religion, sex, national origin, familial status or disability. By applying, you acknowledge that you have read and understand the above qualifying criteria.