RENTAL REQUIREMENTS

When applying with Dyer Management all individuals 18 years old or older that are or will occupy the home are required to complete an application, provide the necessary documentation, undergo the screening process, provide a valid government-issued photo identification, and pay the application fee. Dependents 18 years of age or older must undergo a criminal background check and provide the necessary documentation and application fee. The application fee is non-refundable. All applications are reviewed following established screening criteria and using services of Experian, a third-party screening provider, for credit and criminal background checks. The Experian Dispute Department is located at Experian's National Consumer Assistance Center at P.O. Box 4500, Allen, TX 75013 and can be reached by visiting www.Experian.com or calling (888) 397-3742.

Income Applicants must have a minimum combined gross income of 3.0 times the monthly rent. 

Please have at least one of the following forms of acceptable income documentation before you apply to expedite the application process. Additional supporting documentation may be requested. We cannot accept copies that are illegible or screenshots of a website. 

• Hourly/Commission: The most recent paystub from employer OR the most recent month’s bank statement. (No prepaid or PayPal accounts will be accepted. Tax Refunds will not be accepted as monthly income.) 

• Salaried Applicants: Two most recent paystub OR Two of the most current month of full bank statements. (No joint bank accounts may be used unless all joint owners apply as leaseholders. No prepaid or PayPal accounts will be accepted. Tax Refunds will not be accepted as monthly income.) - Dyer Management only requires to see the deposit history, debits are not assessed. 

• Relocation: Offer letter or income verification from the Applicant’s Employer: must be current or for a job starting within 30 days of move-in, on company letterhead (or notarized) and signed by the appropriate Human Resources or Company officer, with his/her contact information. 

• Self Employed: Financial statement: Two months (or prior year-end statement if prior to April 15) must be submitted. Note: Statement must be prepared by a Certified Professional Accountant, tax accountant, or other certified banking representative. OR Bank Statement: The most recent two month of a personal or corporate bank statement is required to calculate the gross monthly earnings per household. Note: If necessary, additional months may be requested. Transfers will not be included in the calculations. No prepaid or PayPal accounts will be accepted. 

• Social Security disbursement letters: A disbursement letter from the current year showing monthly amount or statement. 

• Child support: A court order or notarized letter from an attorney representing the terms of proposed assistance. Additional documents may be necessary.

• Savings Account: (detail of all transactions) a minimum average ending balance of three (3) times the total rent due for the entire lease term.. For example, if the monthly rent is $1000 with a 12-month lease term, the average ending balance must be a minimum of $36,000. Note: No joint bank accounts may be used unless all joint owners apply as leaseholders. No prepaid or PayPal accounts will be accepted.

• Tax Return, W-2, or 1099: Must be combined with your most current bank statement showing current employment. Note: A return from the previous year will not be accepted after April 15 unless proof of a tax filing extension is submitted with the previous year’s tax return. A W-2 or 1099 from the previous year shall not be accepted after January 31.

A credit report will be obtained on all applicants to verify credit ratings. Income plus verification of credit history will be entered into a credit scoring model to determine rental eligibility and security deposit levels. This credit scoring model will include positive and negative payment history for lines of credit, usage of credit, credit history, credit availability, inquiry history, and student loans. The minimum accepted credit score will be 550. Unfavorable accounts which will negatively influence this score include, but are not limited to: collections, foreclosures, charge-off, repossession, absence of credit, and current delinquency. Debt to previous landlord, and open bankruptcies will result in an automatic denial of the application.

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 will be accepted for Applicants who do not meet the required rent-to-income ratio or credit denials. Only one (1) guarantor per home is permissible. The Guarantor must complete an application and pay the application fee. Guarantors must have a gross monthly income of four (4) times the monthly market rent and meet all other qualifying criteria identified in this screening policy. The Guarantor will be required to sign the lease as a Leaseholder. Guarantors may be relatives or an employer; friends may not serve as a Guarantor.

Vehicles must be operational and have current registration. All vehicles must be in compliance with all state laws and municipal ordinances. Parking requirements of the municipality and HOA, if applicable, must be followed. 

Boats, large storage containers, trailers, and commercial vehicles are not allowed at any time unless approved in writing by landlord.

No more than two(2) pets are allowed per Dwelling. Pet fees and/or deposits will be charged for dogs and cats. 

• Dogs: Any breed deemed aggressive by the American Kennel Society are not permitted. This includes but not limited to: American Pit Bull Terriers, Boxers, Rottweilers, Staffordshire Terriers, Doberman Pinschers, and any dog that has a percentage or mix of any of those breeds. Any canines other than domestic dogs (wolves, coyotes, dingoes, jackals, etc.) and any mix of them are not permitted.

• Cats: All breeds of domestic cats are permitted. 

• Small animals: Gerbils, hamsters, and guinea pigs are permitted. Ferrets, rabbits, and chinchillas are not permitted.

• Birds: Domestic birds, such as cockatiels and parakeets, are permitted. Birds of prey and nondomestic birds, such as pigeons, are not permitted. 

• Farm animals: Restricted unless written permission is received from Invitation Homes Management: chicken, goats, horses, and pigs (including pot-bellied pigs).

• Venomous animals: All types are restricted. 

• Fish tanks: Limited to 20 gallons, and predator fish, such as piranhas, are restricted. 

• Other: The list of other restricted animals includes but is not limited to: skunks, raccoons, squirrels, and monkeys.

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

A tenant may only transfer if we gather a written ( either by email or physical letter) from all tenants consenting to the change. As an example is tenant A, B, and C are all listed on the lease, but B wants to leave and a new tenant D wants to take their place. Tenant A,B,C all need to send a written permission/consent/notice to the property manger stating that B is going to be removed from the lease. Then, future tenant C needs to submit an application. 

Tenants must all requalify again, including gauruntures if applicable. The group will again have to qualify per the stated rental requirements. Once all information is uploaded properly and is acceptable. Dyer Management will regenerate a new lease, or a lease addendum depending on the situation and dwelling. 

There is a $150 transfer fee that is applied to the tenant ledger, and must be paid upon transfer documentation being submitted. 

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

The security deposit will need to be paid in full and to the exact amount separate from all other charges. The security deposit is held in a separate account for the purpose of refund accounting at the end of your lease term. 

The security deposit needs to be made with secured funds of either ACH or certified means.  

Security deposit refund accounting will first take into consideration any damages in the home, then any unpaid rents and/or utilities and fees(if applicable).

First months rent also has to be paid with ACH or certified funds. And must be paid separately from the security deposit as well as prior to the lease start date. 

Both the rent and security deposit must be paid prior to receiving the key or code access to the property/unit.