Rental Criteria

 All AZ Residential Management tenants must meet the following requirements.

Our application is processed by obtaining a copy of your credit report which includes:

  • Criminal Background
  • Rental Eviction History

We do not accept Section 8

We do not accept anyone with an active or dismissed bankruptcy (discharged bankruptcy may be acceptable)

We do not accept any eviction or judgment within the last 5 years unless it has been satisfied. 

We do not accept anyone with a sexual or violent Felony conviction

We do not accept anyone with a non-violent felony conviction within the last 5 years unless it has been reduced to a misdemeanor (proof required)

Total combined verifiable income for everyone 18 or older that will be occupying the home to be at least 3 times the amount of the monthly rent.

Total debt as reported on the credit report should not exceed a 75% debt to income ratio. (Certain exceptions apply)

 


Items you must provide:

  • Completed tenant application(s). One application must be completed for each person 18 years or older who will be living in the household.
  • Application fee of $40 per person. Money Order should be made out to AZ Residential Management.
  • Copy of Driver’s license
  • Proof of employment in the form of a recent paystub. If you are self employed you will need to provide a copy of the prior year’s tax return and three recent bank statements.

Items we will check as part of the tenant approval process:

  • Credit
  • Criminal background
  • Employment history
  • Rental / Eviction history

General items that will affect whether or not you are approved as a tenant:

  • Your monthly income should be 3 times the monthly rent
  • Your debt to income ratio should be 75% or less
  • Your rental history comes back sufficient, and all information on your application is correct

All tenant applications are processed as quickly as possible once all required information has been provided. This process can take up to two business days. Once you have been notified of your approval you have three business days to come to our office and sign your lease.

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