QUALIFICATIONS
Application Fee
- One application is required per occupant 18 or older. $50 application fee is non-refundable.
Requirements
- Background Check: Criminal background checks will be conducted. Applicants will be denied for convictions involving registered sex offenses, violent crimes, or fraud.
- A minimum Equifax credit score of 600 is required. Medical collections will not be considered. Co-signer can be utilized at the landlord’s discretion when the applicant does not meet credit requirements.
- Applicants must have verifiable income supporting a debt-to-income ratio of 50% or less.
- Rental History: Applicants must demonstrate a positive, verifiable rental history. Rental history will be evaluated based on payment history, lease compliance, property care, landlord references, and any outstanding balances owed to previous landlords or utility providers. All applications are evaluated using consistent screening criteria in accordance with applicable fair housing laws.
- A valid government-issued photo ID is required for all adult applicants.
- If you answered ‘yes’ to an eviction or criminal record, you may optionally provide additional information regarding the circumstances or outcome.
Security Deposit
- A security deposit will hold a property for up to 30 days.
- Deposits are due within 24 hours of lease signing.
Co-signer
- A co-signer can be utilized at the landlord’s discretion when the applicant does not meet credit requirements.
Please note, credit & background checks are run through TransUnion SmartMove. No outside credit reports will be considered.
False Information: Providing false, incomplete, or misleading information during the application process may result in denial of the application or termination of the lease if discovered after occupancy.
Right to Verify: 402 For Rent reserves the right to verify all information provided during the application process and to request additional documentation when necessary.
Individual Review: Each application is evaluated using consistent business criteria and in accordance with applicable Fair Housing laws. Approval decisions are based on the overall qualifications of the applicant and the requirements of the specific property.
402 For Rent is an Equal Housing Opportunity provider. We do not discriminate on the basis of race, color, religion, sex, disability, familial status, or national origin.
FAQs
How much money do I need to move in?
Security deposit, initial pet fee (if applicable), $250 administration fee, and prorated rent plus any prorated utility or pet fees based on your move-in date. If your unit requires utilities in your name, you’ll need to show proof this is done prior to move-in. All tenants are required to carry renter’s insurance.
How long does the approval process take?
We begin reviewing applications the same business day they’re received, or the next business day if received on a weekend. If more than one person over 18 will be living in the home, please make sure everyone applies promptly so we can link your accounts – we can’t make a decision until all applications are submitted.
Do you allow pets?
Yes! We allow pets with an initial pet fee of 1/4 of a month’s rent and a monthly pet fee of $25 per animal. These fees don’t apply to service or emotional support animals.
Do you accept vouchers?
Yes, some of our properties accept Section 8. Contact us or click on the unit you’re interested in to verify if it’s accepted for that specific property.
How do I schedule a showing?
Visit our scheduling page and click “Schedule Viewing.”
What happens after I’m approved?
You’ll receive an approval email with next steps: sign the lease, pay the security deposit, provide proof of renter’s insurance, transfer utilities into your name (if applicable), receive your lockbox code, and move in!
How do I submit a maintenance request?
Login to your tenant portal and click “Requests” on the left side. Trouble logging in? Contact us and we’ll help! For emergencies, call 402.603.1010 ext. 6 to leave a message for on-call maintenance.
How Renting with 402 For Rent Works:
- View available listings
- Schedule a showing
- Review qualifications
- Attend your showing
- Apply online
- Submit documents to hello@402forrent.com
- Wait for approval
- Sign lease
- Pay move-in costs
- Move in!