Owner Application Process

Qualification Guidelines:

Applying to rent one of our properties is based on the following criteria:

• Credit History: A good credit history, including details from the credit report and FICO score.
• Combined Income: The total combined income should be approximately three times the monthly rent.
• Verified Residency: Confirmed residency.
• No Evictions: If there have been any, please provide a brief explanation; each case will be reviewed individually.
• Notice of Departure: Proper notice of departure from current and previous residences.
• No Outstanding Rent: No outstanding rent from any previous lease.
• Insurance: Minimum required renter's or tenant's liability insurance.

If the applicant does not meet all the qualifications, a co-signer or additional security deposit may be required. The co-signer must meet all the above criteria and complete an application, which is subject to approval by the property owner.

Applicant Checklist:

Applicants must complete and sign the online application or the WPG rental application as soon as possible, without leaving any fields blank. Copies of verifiable income, pay stubs, bank statements, social security statements, employer letters, etc., are required. Upon approval, a cashier's check or money order payable to Washington Property Group must be sent or deposited.

• The non-refundable application fee is $50. An application is required for all occupants over 18 years of age.

Approval Process:

Once approved, tenants will be notified by phone, text message, or email. To secure the apartment and remove it from the rental market, a holding deposit is required within 1 business day of approval, equal to the amount of the security deposit. If the applicant decides to cancel, they may lose all or part of the deposit to cover lost market time and leasing efforts. Upon receiving the deposit, we will coordinate the lease signing and the move-in date.

Residents must have an email address and will need to electronically sign the lease within 24 hours of receiving it.

Payment Policy:

• Only application fees may be paid in cash.
• The security deposit and the first month’s rent must be paid with certified funds (money orders or cashier’s checks).
• Tenants may use personal checks after the initial payments.

Renter's liability insurance is recommended upon move-in. All residents must be listed on any provided tenant insurance, and WPG must be added as an additional insured party to be considered valid.

Referral:

Do you have a friend or family member looking for a property management company or rental listing agent? We value your referrals and will gladly pay a referral fee for any new management contract or executed lease that results from your recommendation.

We look forward to hearing from you. Please contact us to discuss your referrals in more detail.