RENTER QUALIFICATIONS

Our renters are partners too. 

Here’s everything you need to provide as a potential renter to ensure a smooth application process.

Applicants

All person who reside in the home over the age of 18 must complete a rental application. The Application fee is non-refundable and is $45 per applicant. This fee is used to process credit and criminal background checks.

Lease Terms

Our standard lease term is a minimum of 18 months on single family homes. We will consider a 12 month lease on Multi-Family units.

Qualifications

  • Provide a valid ID
  • Minimum credit score of 525
  • No prior evictions or bankruptcies within 5 years
  • Prior rental history will be evaluated. No rental history will require a reservation fee equal to 1 month and a 1 month security deposit
  • Responsible payer for the rent must have a net income that is 4 times the rent. To verify income, we require the prior 2 pay stubs. Documentation of any additional income (child support, social security, alimony, disability), etc., must be provided
  • Provide a recent MLGW bill
  • 6 months employment history is required. If your current employment is less than 6 months, we may require up to 6 month’s worth of bank statements.
  • If approved, in lieu of a deposit, we require a non-refundable reservation fee that is ½ of the first months rent or $500, whichever is greater. That fee reserves the property for you. Because we remove the property from available status, under no circumstances will this be refunded if you change your mind about moving into the property.
  • On the day of move in, there will be a $100 non-refundable administration fee

 

At CB Properties we believe that everyone deserves to be treated fairly at all times. As an equal opportunity housing provider, CB Properties provides housing opportunities regardless of race, color, national origin, religion, sex, physical or mental disability, familial status or any other classification protected by applicable federal, state or local law. Our commitment to fair housing provides an opportunity for all individuals living in one of the properties we manage to call “home”

1060 Brookfield, Memphis, TN 38119

(901) 620-6787

info@cbpropertiesmemphis.com