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Belaire Property Management LLC
Resident Services & Rental Policies: Rental Policies

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Rental Policies
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Our rental policies:

Meeting basic rental qualifications

Applicants must be able to meet our basic rental income ratios, which include the first month's rent, last month's rent, security deposit, the tenancy start date, and the maximum number of residents for the rental.

We follow all fair housing policies.

We will fully comply with the federal fair housing laws and will not discriminate on the basis of race, color, national origin, familial status (including age), disability, or sex. We will also follow any state and local laws that forbid additional types of discrimination.

Complete and truthful applications from all adults.

We require a separate application from every adult who will live in the rental. We will reject applications that contain information that we cannot verify or that are incomplete (if a particular item does not apply to you, be sure to write "n/a" on the line so we know that you did not skip it). We will reject applications that list false information and terminate the tenancy of anyone who has made a materially false statement on the application that we discover after accepting the applicant.

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Additional occupants.

Only those who have submitted a Rental Application and any listed minor dependents may live in the rental. Our guest policy will not allow any guest to occupy the residence for more than 14-days throughout a 12-month period. Any proposed additional residents (other than minor children) must go through our application process. Assuming the addition of another resident will not result in overcrowding, we will evaluate proposed additional residents as we do any applicant.

Occupancy policy.

In order to prevent overcrowding, we will determine the maximum number of residents who may live in a rental, in keeping with our state's fair housing laws and taking into consideration any limiting factors inherent in the building or property.

Applicants' identification.

We will need a current photo ID from each adult applicant, such as a driver's license, passport, or military or state identification card. We will need a Social Security number or Individual/Taxpayer's ID number (ITIN) in order to run a credit check. We will handle this information with care and destroy it when it's no longer needed.

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We contact references and credit sources and run a credit check.

We will speak with current and prior landlords, current employers and run a credit check on all applicants who advance to that stage of our application-screening process. Applicants who are first-time renters or who are self-employed may supply alternate types of references (see the instructions to our Rental Application).

We will conduct the screening ourselves or hire an independent tenant-screening firm. If you have placed a "freeze" on your credit file, it is your responsibility to lift the freeze to enable us to order your credit report. We strongly urge you to access your credit report (you may get a free report once a year) and check for and correct any inaccuracies before applying for this rental. Each applicant for whom we run a credit check must pay for this check in advance.

Financial responsibility.

We rent to applicants who have a history of financial responsibility. Our primary means of evaluating an applicant's financial history is the credit report. If you have a history of delinquent payments or accounts, unpaid debts, or charge-offs (in which a retailer gives up on collection attempts), we may deny your application.

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Rental history.

We rent to applicants who have a history of being good tenants, which includes paying rent on time, being considerate of rental property and neighbors, and leaving rental property in good shape when vacating. We require satisfactory references from at least two prior landlords or the equivalent from first-time renters (such as recommendations from teachers, school transcripts, or letters from neighbors).

Criminal history.

We will ask applicants to list any criminal convictions. We will strive to rent to applicants who demonstrate a history of honest, nonviolent behavior and will not, to the best of our ability, rent to anyone who we reasonably conclude poses a current, direct threat to persons or property.

Minimum income.

The combined gross monthly income (before deductions) from all applicants ages 18 and over must be three point seven five (3.75) times the monthly rent. We will verify each applicant's income by asking for pay stubs or tax returns for self-employed applicants. Students or others without an income must supply an acceptable co-signer. The Rent/Income Ratio is determined by totaling up the entire monthly gross income and dividing it by the monthly rent.

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Cosigners or guarantors.

If the gross monthly income of an applicant is not three times the monthly rent, we may, at our option, require a guarantor who lives within the state. The guarantor must submit a separate Rental Application and authorize us to use the screening tools we use for any applicant who intends to live here. We will deduct the guarantor's own housing costs from his or her gross monthly income before we consider the income's sufficiency. We look forward to finding you a rental that suits your needs.

Holding deposit.

If your application is accepted, we will ask for a holding deposit of one month's rent, which we will apply in full to the first month's rent when you move in. We can only hold a rental for up to one week. Within that time, we must either sign the rental agreement, recieve all remaining deposits, or both. If you fail to move in after orally accepting our offer or signing a lease or rental agreement, the deposit will be applied to any damages, including lost rent and costs of re-renting, that we may suffer as lost opportunities to rent the unit.

Criminal background check.

We will check available databases, including Megan's Law databases, to determine whether applicants have been convicted of a crime. We may hire a criminal-backgroundscreening firm to perform this search. This screening will be done subject to restrictions on available data. We do not guarantee that the screening will reflect all criminal history or an applicant's current criminal status. We require your written consent for this check. More information will be provided to you upon request.

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Tenant-screening firm.

We may contract with a tenant-screening firm, which may report on your credit history, character, reputation, personal characteristics, and personal history (including evictions and criminal convictions). This check may involve any state's Megan's Law database. We require your written consent for this check. More information will be provided to you upon request.

Animals and pets.

If your pet causes a serious disruption or damages the property, your tenancy may be terminated.

Residential use only.

This rental is for residential use only, subject to any state or local laws that apply.

Legal status in the United States.

We will ask every applicant for proof that they are legally in the United States, which may be supplied by showing us a current passport, birth certificate, or valid documentation from the United States Citizenship and Immigration Services. We will not rent to people who cannot supply such proof.

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AFFILLIATES & ASSOCIATIONS


MassLandlords.net


Northern Worcester County Landlord Association


Worcester Property Owners Association


Greater Lowell Landlord Association


New England Real Estate Investor Association


Thumbtack Professional Network


REIA Connect Database


National Real Estate Investor Association



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belairepropertymanagement@gmail.com • http://www.belaire.co • Office: 978-448-0669