Our Screening Process
To All Applicant(s):PLEASE DONOT PRINT DOUBLE SIDED - PRINT ALL PAGES ON SINGLE SHEET PLEASE
Please note that all applicants must fill out BANKS Property Management & Sales, Virginia Realtors Application and disclosure forms. Please follow Our Rental Criteria instructions. NO EXCEPTIONS! All applications must be completely filled out and submit along with the required Documentation and Fees. Please note all our Rentals, Leases, and Property Management Services are governed under the Fair Housing Act & by the Virginia Residential Landlord Tenant Act.” VRLTA”.
NOTE: ALL INCOMPLETE APPLICATION TO INCLUDE ANYMISSING DOCUMENTS OF ANY KIND WILL BE RETURN AND WILL NOT BE PROCESS UNTIL THEAPPLICATION IS FULLY COMPLETED AND ALL DOCUMENTS AND FUNDS AS OUTLINE IN THISCRITERIA ARE PROVIDED.
RENTALCRITERIA REQUIREMENTS INORDER TO TIMELY PROCESS YOUR APPLICATION:
Please deliver the completed Application package to our office located 181 Kings Highway Suite 209, Fredericksburg, VA 22405
RENTALCRITERIA REQUIREMENTS IN ORDER TO TIMELY PROCESS YOUR APPLICATION:
Application/s are process within (5) Business Days Monday-Friday. Packet must include the following:
- NON-REFUNDABLEAPPLICATION FEE(S): $75 for each applicant including occupants 18+years. MUST BE PAID "CASHIERS CHECK" ONLY and made payable to: BANKS Property Management & Sales (NO MONEYORDER/NO PERSONALCHECK/CASH ACCEPTED)
- Proof of a Valid Department of Motor Vehicle Issued Identification or Driver’s License
- Provide Social Security Number issued by the Social Security Administration or Tax ID issued by the I.R.S
- Employment must be in Virginia-Stable with a minimum of two (2) years full-time employment
- Current Military LES/Current copy of PCS Orders
- Transfer of employment must be in the same field of expertise, with two (2) years Full-Time, official proof of signed offer/acceptance & transfer letter from employer must be submitted outlining Income, Start Date and Position.
- For Independent contractor & Self-Employment. Provide proof of last two (2)years 1099 & IRS Tax Schedule C Forms 1040 with all Schedule C Pages; filed with the IRS or by a certified bookkeeper or public accountant
- Proof of All Sources of monthly/Annual Income to include: Two (2) recent Income Statements within the last 60 days to include 1099 & W2. ****NET INCOME formula per Applicant (except for married income will be combined)**** Advertised rent of $1700 x 30 = $51,000 plus20% Debt ratio = 10,200 a Total of $61,200 NET income to qualify for our $1700rental property.
- Credit& Background checks
- Current& Past Landlord Verifications
- Pets - Applicants must submit for each Pet (Pictures, License, Shot Records, & Neutered Information, along with the Rental Application for consideration – For properties considering pets) NO EXCEPTIONS! A $300 Non-Refundable fee per pet to be paid upon Lease signing made payable to: BANKS Property Management & Sales
- Agent must sign the Rental Criteria and ensure customer signs All other forms (Smoke Addendum/Landlord Verification, Etc.)
Please note it is imperative that all information included in the Application packet are received for processing i.e. Application Fees,Application Deposit, Paystubs, LES/Orders, Employment Information, Landlord Verification Form, Disclosures forms Etc. & must be completely filled out;failure to provide all documentation, will result in application being rejected.