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Residential Lease Guaranty

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Qualification and Guidelines

Income: You must have verifiable income that is at least 2 times the amount of rent.


Employment: You must be presently employed with job history that includes 6 months with your current employer.


Rental History: All your prior lease agreements must have been fulfilled. You must have 6 months verifiable rental history and had no more than 1 late payment and no more than 1 insufficient check in the past 6 month period. You must not owe money to another rental company or owner. Your rental reference must be favorable.

Credit: Your credit history must not have judgments, bankruptcies, forclosures, possessions, write-offs or collections within the last 6 months. You must currently owe no more than $300.00 in delinquent payments. You must have no outstanding federal tax liens.


Convictions: Certain felony convictions against you or other proposed occupants of your dwelling MAY disqualify you. This is determined on a case-by-case basis.


Application: Each applicant must pay a $30.00 non-refundable fee to process the application. Applicant must provide a valid Drivers Licenses, Social Security Card and Proof of Income (Check stubs, Income Tax Statement, SSI Letter, ect.).

Number of Occupants per Unit:

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1/1, Maximum of 2 occupants

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2/1, Maximum of 4 occupants

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3/1, Maximum of 6 occupants

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4/1, Maximum of 8 occupants

ANY FALSE INFORMATION PROVIDED ON THE APPLICATION AUTOMATICALLY DISQUALIFIES THE APPLICANT(S).

Needham Properties does not discriminate against any person because of race, color, religion, sex, national origin, family status or disability.

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