RENTAL REQUIREMENTS


APPLICATION REQUIREMENTS

All occupants 18 or older (including dependents) must apply, provide valid government-issued photo ID, provide required documentation, and pay a non-refundable application fee.

  • All applicants and dependents 18+ undergo credit and criminal background checks.
  • Screening is performed by Experian (P.O. Box 4500, Allen, TX 75013 | www.Experian.com | 888-397-3742).


INCOME REQUIREMENTS & DOCUMENTATION GUIDELINES

Combined gross household income must be a minimum of 3.0x the monthly rent. Documentation must be legible (no screenshots). Prepaid accounts, PayPal, and tax refunds are not accepted as income.

  • Hourly/Commission: Most recent paystub OR most recent month’s bank statement.
  • Salaried: 2 most recent paystubs OR 2 most current months of full bank statements (deposit history only). No joint accounts unless all owners apply.
  • Relocation: Offer letter or income verification on company letterhead/notarized, signed by HR, for a job starting within 30 days.
  • Self-Employed: 2 months of CPA-prepared financial statements OR 2 months of bank statements (transfers not included).
  • Social Security / Child Support: Current year disbursement letter/statement OR Court order/notarized attorney letter.
  • Savings Account: Detail of all transactions with an average ending balance of 3x the total rent for the entire lease term (e.g., $36,000 for a 12-month lease at $1,000/mo). No joint accounts unless all owners apply.
  • Tax Documents: W-2, 1099, or Tax Returns must be combined with a current bank statement. Prior year returns are not accepted after April 15 (unless an extension is provided). W-2/1099s are not accepted after January 31.


CREDIT REQUIREMENTS

Minimum Credit Score: 550.

Automatic Denials: Open bankruptcies, debt to previous landlords, current outstanding debt, or previous evictions.

Note: Credit scores factor in payment history, usage, collections, foreclosures, charge-offs, and repossessions.

RENTAL HISTORY

Some credit scoring results will necessitate an evaluation of verifiable rental or mortgage payment history. Applications also depend on the results of a rental history investigation for an approval/ denial determination. Applications for residency will automatically be denied for current outstanding debt or eviction.

GUARANTORS

GUARANTORS Accepted for applicants who do not meet income or credit requirements.

  • Limited to one (1) guarantor per home.
  • Must be a relative or employer (friends are not permitted).
  • Must apply, pay the application fee, and sign as a Leaseholder.
  • Must have a gross monthly income of 4.0x the monthly rent and meet all other screening criteria.


VEHICLE POLICY

Vehicles must be operational, currently registered, and comply with state, municipal, and HOA laws. Boats, large storage containers, trailers, and commercial vehicles are strictly prohibited without written landlord approval.

PET POLICY

Maximum of two (2) pets per dwelling. Pet fees/deposits apply for dogs and cats.

  • Allowed: Domestic cats; domestic birds (cockatiels, parakeets); small animals (gerbils, hamsters, guinea pigs); fish tanks up to 20 gallons.
  • Not Allowed: Aggressive dog breeds or mixes (Pit Bulls, Boxers, Rottweilers, Staffordshire Terriers, Dobermans); non-domestic canines (wolves, coyotes); ferrets, rabbits, chinchillas; birds of prey or pigeons; predator fish; venomous animals; skunks, raccoons, squirrels, monkeys.
  • Farm Animals: Restricted (chickens, goats, horses, pigs) unless written permission is granted.


SMOKING

We do not allow smoking inside our within 50 feet of the exterior of any Dyer Management managed unit(s)

TENANT TRANSFER / REMOVAL POLICY

To transfer or remove a tenant, written consent (email or letter) from all current leaseholders must be submitted.

  • Remaining and new tenants (including guarantors) must completely requalify under the stated rental requirements and submit a new application.
  • A $150 transfer fee must be paid upon submission of transfer documentation, after which a new lease or addendum will be generated.


FRAUD PREVENTION

Please be aware of fraud. Lease and payments must be made in contract with Dyer Management.  

SECURITY DEPOSIT & FIRST MONTH RENT PAYMENT


Beware of fraud: Leases and payments must only be made in contract with Dyer Management.

  • Move-in Funds: Security Deposit and First Month’s Rent must be paid via ACH or Certified Funds prior to receiving keys or code access.
  • These must be paid in full and as separate transactions prior to the lease start date.