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Security Deposit


Credit-Based Security Deposit

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The security deposit is based on the lowest credit score in your household.

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  • Background checks
    We do not accept credit reports submitted by applicants. We pull credit, criminal, and eviction background checks through our software vendor which is connected with Experian but that is subject to change. The two other credit reporting agencies may have higher or lower scores but we don't consider those scores. This is a "hard inquiry" on your credit. If that is not acceptable, do not submit a rental application.
  • Bankruptcies
    Closed bankruptcies are OK. Open bankruptcies are automatic decline.
  • Charge-off
    A charge-off is defined as a debt that has been written off by the creditor due to non-payment. Charge-offs over two years old do not affect qualification and security deposits. Applicants with any charge-off within the last two years are eligible for approval subject to an additional half month deposit.
  • Criminal history
    We conduct criminal background checks for all applicants. Individuals with a history of criminal activity will be denied. Please note that this requirement does not guarantee or represent that current residents of our homes and apartments have not been convicted of, or are not subject to deferred adjudication for, a felony or sex offense requiring registration under applicable law. There may be residents who lived in one of our properties prior to the implementation of this requirement or prior to our management of the property. Additionally, our ability to verify this information is limited to the data provided by the background services we utilize at the time the background check is conducted.
  • Eviction history
    Applicants are automatically declined if any eviction activity is found on the background check, regardless of the date, judgment results, or judgment amount. That means if an eviction has been filed against you, your application will be declined even if the case was dismissed. This does not apply to a current tenant who initially qualified, is in good standing, requested a transfer and new info was found on their background.
  • Outstanding debit to previous landlords
    Any outstanding debt to a landlord at the time of the initial background check is an automatic decline. Paying off the balance will not result in approval but we need a letter from the previous landlord to document that the debit was paid in full and not at a discounted rate.
  • Security Deposit is based on credit score
    The security deposit will be based on the lowest credit score in your applicant group.
  • 650+ Credit Score
    1X Multiplier For all approved applicants with credit scores of 650 or more, the security deposit is equal to one months rent.
  • 600-649 Credit Score
    Deposit Amount: Equal to 1.5 months’ rent. Payment Structure: Initial Payment: One month’s rent due now. Remaining Balance: To be paid in 5 equal installments over the next 5 months, plus a $20 billing fee per installment. Charge-off: A charge-off is defined as a debt that has been written off by the creditor due to non-payment. Charge-offs over two years old do not affect qualification and security deposits. Applicants with any charge-off within the last two years are eligible for approval subject to an additional half month deposit in addition to that which is listed above.
  • 550-599 Credit Score
    Deposit Amount: Equal to three months’ rent. Payment Structure: Initial Payment: One month’s rent due now. Remaining Balance: To be paid in 5 equal installments over the next 5 months, plus a $20 billing fee per installment. Charge-off: A charge-off is defined as a debt that has been written off by the creditor due to non-payment. Charge-offs over two years old do not affect qualification and security deposits. Applicants with any charge-off within the last two years are eligible for approval subject to an additional half month deposit in addition to that which is listed above.
  • 500-549 Credit Score
    Deposit Amount: Equal to three months’ rent. Payment Structure: Initial Payment: One and a half month’s rent due now. Remaining Balance: To be paid in 10 equal installments over the next 10 months, plus a $20 billing fee per installment. Charge-off: A charge-off is defined as a debt that has been written off by the creditor due to non-payment. Charge-offs over two years old do not affect qualification and security deposits. Applicants with any charge-off within the last two years are eligible for approval subject to an additional half month deposit in addition to that which is listed above.
  • 499 & under
    If any applicant in your group has a credit score of 499 or below, the group is declined.
  • Age Requirement
    The minimum age to rent a single-family residence or duplex is age 21. Ages 21 to 24 may be required to purchase a renters bond based on property. The minimum age to rent a multi-family unit is age 23.
  • Application Fee
    The Application fee is non-refundable. It's Applicant's responsibility to read how to qualify, availability and timing of vacancies, etc. before submitting an application.
  • Applications are required for each adult in the home
    Each adult who will reside in the home more than 7 nights per calendar year must submit an application on our vacancies page, pay the application fee, meet all the qualifications listed on this page, and pass the background check. We do not run background checks until applications for all adults that will reside in the home have been submitted Valid ID must be attached for all those age 18 and over (even if they are your children).
  • Co-applicants
    Each adult 18-69 must submit a separate rental application. This is because each must consent to and pay for their background check. When there are multiple applicants, the lowest credit score is used to calculate the security deposit.
  • Co-signers
    We do not accept co-signers.
  • Commercial vehicles & equipment
    Vehicles that are used, insured, or registered for commercial purposes, as well as those displaying commercial placards or wraps, are strictly prohibited from being operated, stored, or parked on any properties we manage.
  • Dependents
    If you have an elderly parent, who lives with you as a dependent, they need not apply but we will need a copy of their ID. If you have children under age 18, they need not apply.
  • First come, first serve
    We take the first approved, individual or family who requests a lease and is ready to: Sign a lease Pay the deposit now If vacant, also pay rent now. If occupied, pay rent by the "Available Date" If multiple Applicants are approved simultaneously, then the highest financially qualified Applicant, in terms of credit, income, and financial reserves will have the first opportunity, provided that they take action. Apply now to get approved... www.jacksonpropertymanagement.com/vacancies
  • Maximum Occupancy
    The maximum occupancy is one more human than the number of bedrooms in the home/apartment. If two of the humans are under age 10, then you can have two more humans than the bedroom count.
  • Pre-approval
    Applicants are welcome to get pre-approved. To do so, apply for any property and write in the comments what you are looking for. You will then be first in line when new vacancies post. Therefore, pre-approved applicants can reserve a home faster than those who have not yet applied.
  • Pre-paid rent
    Tenants are welcome to pay rent in advance but that does not change any of the underwriting guidelines on this page or result in discounted rent.
  • Reserve a home
    We don't reserve homes. We take the first approved individual or family that requests a lease but they must sign, pays the deposit & begin paying rent when the home becomes available.
  • Retired / Financially Free
    Applicants with bank or investment account balances that exceed three years' rent are not required to submit proof of income. Instead, please upload the following: - An original PDF from your financial institution showing the account balance. - A signed letter authorizing us to verify the funds. If you are selling your home and the proceeds have not yet arrived, a closing statement from the attorney or title company may be submitted in place of the bank statement, provided we can verify the information with the attorney or title company.
  • Section 8
    We do not accept section 8 or other forms of government assistance.
  • Self-Guided Tours & Showings
    We require applicants see the inside before renting a property. Vacant homes: Call to get the keys for a self-guided tour. Occupied homes: Get preapproved and we'll meet you for a showing.
  • Smoking
    Smoking is not permitted inside any of our home, apartment, or garage. Smoking is not permitted near open doors or windows.
  • Unauthorized occupants
    Anyone that will spend more than 7 consecutive nights, or 14 total nights, per lease term year must apply, qualify, and sign a lease. If we discover someone in the home that is not on the lease, they will be required to vacate within 3 days. A $100 Unauthorized Occupant Fee begins charging immediately, each day until they vacate. If they fail to vacate in 3 days, everyone in the home asked to leave voluntarily within 14 days and an eviction will be filed. There are no second chances with unauthorized residents. We perform quarterly maintenance on every home, so our Maintenance Team will find out.
  • Working from home
    Telecommuting, computer, or clerical work is allowed. Any other business activity is not allowed.
  • Zero Tolerance - Criminal / Drug Activity
    We have a zero-tolerance drug, violence, and criminal activity policy at all properties. That means, that if anyone on our team witnesses or suspects illegal activity, they are required to notify law enforcement immediately.
  • * UPLOAD PROOF OF INCOME
    Click here to upload your documents: https://yourrentalhome.sharefile.com/r-r8629d0fbaaaf4f5c8403ee07933f0f35
  • College Income Exemption
    Proof of Income Exemption for Full-Time College Students Proof of income is not required for applicants who are full-time college students, provided that the applicant: - Uploads their college transcripts, - Began working less than thirty days after graduation, - Submits an offer letter from the new employer that specifies annual salary or hourly wages and guaranteed hours per week, and - Current and future income must meet the established income requirements.
  • Documents accepted
    Financially Free If you have three years' worth of rent saved in a financial institution, you may attach the most recent statement to your application and bypass the income requirements outlined below. ------------ INCOME REQUIREMENTS Current Year Most Recent Pay Stub: - Your Name - Pay Period (must be less than 30 days old) - Year-to-Date (YTD) Earnings - Employer Information If you have held multiple jobs, please upload the most recent pay stub from each employer. Previous Year(s) - Tax Return - W-2 Forms from each job - One Pay Stub from December showing: - Your Name - Pay Period - Year-to-Date (YTD) Earnings Please do not upload multiple pay stubs from different periods. If you have had multiple jobs, upload either the W-2 or the most recent pay stub from each employer. Password-Protected PDFs We are unable to open documents that require a password. If your tax return is password-protected, please take a screenshot of the page showing your annual adjusted gross income. We do not require all pages. Cash Income We do not count cash income unless it is declared on your tax return. Subsidized Income Workers' compensation, unemployment benefits, COVID-19 rent relief, Section 8, or other forms of subsidized income (excluding disability) are not accepted as income.
  • Financial aid
    We do not include income unemployment , COVID 19 Rent Relief, section 8, etc. when calculating total income. We do not include benefits from workers compensation unless you have a document from the insurance carrier that specifically states that the benefits will be paid for the rest of your life.
  • Income (or cash reserves) requirement
    To qualify, you need to show annual income or cash reserves equal to three times the annual rent. This can be from income alone, cash reserves alone, or a mix of both. - - - - - OPTION1: Qualify with income To rent any of our long term rentals, we require proof of gross income (Net income if self-employed) that exceeds the amounts below. Example: $2k rent x 12 months = $24k x 3 year multiplier = $73k Upload W2 or tax returns that shows a YTD pf $73k or more gross income (net if self-employed). - - - - - OPTION 2: Qualify with cash reserves Applicants who are retired or do not receive W2 income can qualify by submitting a statement from a financial institution that shows they have three years rent in reserves in their account. Example: $2k rent x 12 months = $24k x 3 year multiplier = $73k Upload a statement(s) from your financial institution that shows at least $73k in your account(s). - - - - - OPTION 3: Qualify by combining the two If you can't show either, combine the then to qualify. Example: $2k rent x 12 months = $24k x 3 year multiplier = $73k If your income + your cash reserves are more than $73k, then you qualify. $50k in a retirement account + $23k in social security income = 3 times rent. - - - - - No dependents on your tax return? If you don't have dependents, you only need 2.5 times rent.
  • Maternity Leave
    The time off for maternity leave will not affect income, however we will need to know how much time was required leave.
  • Newly divorced
    Upload your own W2s or paystubs. We can't use the tax return, if you filed jointly.
  • Promotion / Income Increase
    If your income increased, we can use the current income amount, but document that you have been employed with the same employer for more than 12 months. Just upload: Current paystub with the new income Old paystub that's more than 12 months old
  • Relocating
    For Applicants relocating from another city/state, an offer letter from is required to prove you will be employed upon arriving in our area. The offer letter must state your new monthly/annual salary or hourly wage & hours promised.
  • Self Employed & Business Owners
    Self Employed / Sole Proprietors Self-employed applicants who do not receive W2 paychecks must upload a tax return that shows net income. Net income is used to qualify. Retained earnings If retained earnings from an entity you own does not appear on your personal tax return, it can be included if you provide: Corporate tax returns Statement of Information Articles of incorporation Bylaws
  • General Rules
    Pet Policy Manager approval is required for all cats and dogs before occupancy. Residents are responsible for informing the Manager of any changes in pet ownership. Any damage to the premises caused by a pet or animal must be promptly repaired, cleaned, and/or replaced at the Resident’s expense. This includes, but is not limited to, damage to flooring, doors, trim, window blinds, cabinets, etc. - Dogs must be at least one year old. - Dogs and cats must be house-trained. - Residents must protect the home from odors, infestations, stains, and wear. - Carpets must be professionally cleaned annually. - Air filters must be changed twice monthly; one filter is provided by the Manager, and the Resident must purchase the second filter each month. - Dogs must be crated during maintenance visits. - Puppy pads are not permitted as a standard means of pet waste control. - Cat litter boxes must be emptied daily. - Cats and dogs must be neutered or spayed and vaccinated. - Aquariums with a capacity greater than ten gallons are prohibited. - Breeding of animals is prohibited. - Reports of excessive animal noise, such as barking dogs or loud cats, will result in the Manager’s withdrawal of permission for the pets, who will need to vacate immediately. - Pet owners must ensure the proper disposal of deceased animals according to local regulations. Burial of deceased pets on the property grounds is strictly prohibited. - When outdoors, all pets must be on a leash and under the control of mature and responsible individuals, unless the dog is in a fenced backyard. - Pets may not be tethered or left unattended outside at any time, except in a fenced backyard. - Residents agree to clean and properly dispose of all pet waste daily, both inside and outside the dwelling. - Residents agree not to leave food or water for their pet or any other animal outside their dwelling, where it may attract other animals. * * * NO SECOND CHANCES * * *
  • Guest Pets
    Tenants are responsible for all pet that visits the properly, regardless of how long the pet is present. Tenant must submit a request to add a pet using the the Request Form under the Tenant tab, before allowing the pet on the property, this includes the front yard. Pet Change (Add)
  • Prohibited Pets
    The following are not allowed in any of our rentals at any time, whether owned or brought by a guest. Prohibited Dog Breeds Akita American Bully Pit Bull American Staffordshire Terrier Chow Chow Doberman Pinscher Dogo Argentino (Argentinean Mastiff) English Bull Terrier Fila Brasileiro (Brazilian Mastiff) Japanese Tosa (Japanese Mastiff) Perro de Presa Canario, or Presa Canario (Canary Mastiff) Rottweiler Staffordshire Bull Terrier Any mixed breed dog that contains any amount of these breeds Dangerous Animals Poisonous species Exotic animals, farm animals, or livestock Dangerous animals Any pet with a bite history Any pet that has been declined for insurance coverage for any reason Lease Violation Allowing one of the above on the property is a Lease Violation. If Manager discovers any of the above on the property: A $250 Monthly Lease Violation Fee will be charged to tenant. A 14-day notice to vacate will be issued to tenant. * * * NO SECOND CHANCES * * *
  • Pet Rent
    Pet rent applies to all properties that allows dogs & cats. A $5 Billing Fee is added per bill for pet rent. If allowed, cats of all sizes are $49 per month. Pet Rent for dogs is based on weight. Pet Rent does not apply for rodents, amphibians, reptiles, birds, or fish. Pet rent will be added mid-lease if pets are acquired mid-lease.
  • Unauthorized Pets
    If the property owner does not allow pets on their property, and you or your guest violate that rule, that pet will be considered an Unauthorized Pet. Unauthorized Pets If we find an Unauthorized Pet on the property, we will automatically add the pet and bill the following charges to your account for each Unauthorized Pet $250 Monthly recurring Lease Violation Fee will be added to your account. A 14 day notice to vacate will be issued. Once the pet is removed from the property, you must submit the form below to notify us. Eviction If the pet is not removed by the 15th day, an eviction will be filed. Eviction procedures: www.JacksonPropertyManagement.com/late Watchlist We will perform random unannounced exterior inspections and knock on the door to listen for pets. The limit time is billed to the tenant. If discovered the pet has returned at any time in the future, an eviction will be filed. * * * NO SECOND CHANCES * * *
  • Undisclosed Pets
    If the property allows pets (Type & breed) but you fail to get the pet approved & added, then that's an "Undisclosed Pet". ​ If we find an Undisclosed Pet on the property, we will automatically add the pet and bill the following charges for each undisclosed pet to your account: $250 Lease Violation Fee +​ $25 Processing Fee + $5 Billing Fee + Pet Rent Cats: $49 per cat Dogs: Based on weight. The weight will be estimated by the team member who discovered the Undisclosed Pet. If we guessed poorly, you can update the pet weight by submitting the Request Form under the Tenants tab. * * * NO SECOND CHANCES * * *
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