QUALIFICATION REQUIREMENTS FOR RESIDENCY
It is the policy of Watts Realty Company, Inc. to thoroughly investigate all individuals applying for residency. Each individual applicant must meet requirements to be approved. Individual owners may have higher or lower qualification requirements. All applicants must provide two (2) forms of identification with one (1) form being government-issued picture identification.
A cosigner may be requested at the company’s discretion if the applicant is a full-time student, recently independent individual, or has non-garnishable wages. The cosigner must be in good standing with his or her credit, must demonstrate a stable employment history and must have available assets in the state of Alabama.
All applicants are processed through a professional credit bureau service. Our ability to process your application in a timely manner is dependent upon the thoroughness and accuracy of your responses. We will then inform you of the acceptance or refusal of your application. ALL QUESTIONS REGARDING YOUR CREDIT HISTORY SHOULD BE DIRECTED TO THE CREDIT BUREAU. DO NOT DISCUSS YOUR CREDIT HISTORY WITH THE OFFICE STAFF.
The application process will take a minimum of 48 hours and includes, but is not limited to, investigation of the following:
RESIDENCE HISTORY: Verification of current and past residences include: length of residency, rental amount, payment history, the absence or presence of complaints, the condition of the property upon vacating, the cost of damages incurred, and history of proper notice given regarding intent to move. A stable rental history is expected of all applicants. If you currently own your residence, your mortgage payment amount and payment history may be verified.
EMPLOYMENT HISTORY: Verification of current employment includes length of employment and gross salary. Your most recent employment and current employment must be of reasonable length of time and you should demonstrate stability in your employment history. Self-employed applicants must furnish their most recent tax return for review.
CREDIT HISTORY & CRIMINAL RECORD: A full credit history and criminal record is prepared on each applicant and cosigner.
BANKRUPTCY: The application may not be accepted if the applicant has filed for bankruptcy or with debtors court within the last two (2) years.
Once the application process has begun, the application fee is NONREFUNDABLE. Any potential problems should be discussed with office personnel when you submit your application. Complete and accurate information will facilitate rapid processing of your application. Any false or omitted information on the application will be considered immediate grounds for rejection of the application. We reserve the right to reject an application for any reason other than race, color, creed, gender, sexual orientation, familial status, religion, or national origin.
Please be aware there may be one or many APPROVED applications already submitted with Watts Realty for any particular property.
We recommend that you view the property in person prior to submitting an application. If an application is submitted "sight unseen" then the property will be rented in its "as-is" condition.
Pets are NOT accepted at all properties nor accepted by all of our Landlords. Please check with Agent regarding a specific property.
I (we) understand that an investigation will be made of me (us), for purposes which will provide information including, but not limited to, credit standing, character, mode of living, criminal record and reputation. By proceeding in the application process, I (we) give my (our) permission for this investigation and hereby authorize and instruct all recipients of a copy of this form to release any and all information, without limitation, requested by Watts Realty Co., Inc., both verbally and written. I (we) further hereby release and hold harmless Watts Realty Co., Inc., its agents or employees, and those parties providing such information, from any and all liability, loss or claim as a result of releasing or obtaining such information. I (we) also understand that the acceptance or rejection of this application for rental with Watts Realty Co., Inc. may or may not be based upon information gathered in this investigation and is at the sole discretion of Watts Realty Co., Inc.