Minimum Qualifications

Income

• Household gross income must be 3× monthly rent (2.5× for multi-unit properties in Oakland).
• All income must be verifiable, stable, and consistent. We rely on provided documentation to determine consistency.
• If the income requirement is not met, a Guarantor is required.

Credit Score

• Applicants must have a combined weighted credit score of 670+ (630+ for multi-unit properties in Oakland).
• If the credit score requirement is not met, a Guarantor is required.

Rental History

• Provide 3 years of positive, verifiable rental history.
• If unmet, a Guarantor is required.

Employment

• Show 2 years of employment in the same field or company (include documentation for multiple jobs if applicable).
• If unmet, a Guarantor is required.

Evictions & Delinquencies

• Any unlawful detainer action or eviction found during our investigation will result in an immediate denial.
• Delinquent amounts or collections totaling in excess of $1,000 are subject to denial.

Housing Subsidy / Voucher Requirements

• Source of Income: If you have a government rent subsidy (e.g., Section 8), we will consider verifiable alternative evidence (government benefit payments, pay records, and bank statements) in lieu of credit criteria.
• Housing Voucher: If applicable, your voucher must be valid for the size and type of unit being applied for, as determined by the issuing housing authority.

Guarantor Requirements

• If your application requires a guarantor, they must meet all other minimum qualifications for the home, and their gross income must be 4× the rent.

Final Disclosure: Failure to meet all minimum requirements, and/or failure to provide a qualified Guarantor when required, will result in denial of the application.

Fees & Terms

By authorizing the Application Screening Fee, you agree to the following process and conditions:

The First-Qualified Process

• We review all complete applications in the exact order they are received. The first applicant who fully meets SLPM Tenant Qualifications will be offered the unit.

Fee Purpose & Timing

• The fee covers actual screening costs (credit/background reports and agent time).
• We only charge/process the fee when your application is being processed.
• The online application is not submitted until fee authorization is complete.

Refund Rules

• Retained Fee: If your application is reviewed but denied for failing to meet our Minimum Qualifications, the fee is non-refundable.
• Refunds: If your application is not reviewed (because a previous applicant was approved), your fee will not be processed. If it was collected inadvertently, we will issue a full refund within 7 days.
• Credit Report: If your fee is processed, we will automatically provide a copy of your consumer credit report within 7 days of receipt (delivery, mail, or email).
• Accuracy: Falsified information results in automatic denial. If discovered during screening, the fee will be retained to cover processing costs.

Holding

• If your application is approved by SLPM, you will have 3 business days from approval to submit a holding deposit.
• If you have not viewed the interior, you must do so prior to placing a holding deposit.

Criminal Activity

• Contact the local police departments or agencies to obtain information on criminal activity. Do not rely on information provided by SLPM.

Summary: I have read, understood, and agree to the requirements for renting with SLPM. I also understand that there may be other applicants for the property and that it may be offered to a previously submitted and qualified applicant before my own application is approved.