Screening and Rental Criteria
What to expect during the application process
Thank you for considering Alcine Properties for your home rental needs! As we provide a high-quality experience to all our residents, we are seeking long-term and quality residents.
Application fee - Please be prepared to pay the application fee as outlined in the property listing when submitting your rental application. Each resident over the age of 18 must submit a separate rental application. The application fee is $100 per person (unless otherwise specified in a specific listing). Once we receive your application along with your payment, by certified check, money order, credit card, CashApp or ApplePay we will process your application within 24 hours. Once paid, application fees are non-refundable. In addition to this rental application, you will also be required to provide a copy of a valid form of identification and proof of income. If multiple applicants are applying for a property, we do not process any part of an application until all parties have submitted and paid their individual application and fee.
Documentation - To complete this rental application, you must be prepared to provide 3 years of residential history as well as contact information for your rental references. You will also be asked to provide information on your monthly income, and please note that some of our properties require that applicant combined gross income is at least three (3) times the monthly rent amount.
Lease term - Alcine Properties does not allow month to month leases. We typically renew for a year or more, so if you are counting on a shorter extension once your lease is up due to buying or building this should be discussed before applying
Review and approval – We typically complete full review of an application and reach a decision within 24 to 48 hours from receipt of the complete application. The more detailed and honest you are with your application, the faster we will be able to reach a decision. Feel free to attach additional information whenever necessary.
Screening Criteria
Applications are processed only when accompanied with a non-refundable application fee. Available properties will continue to be shown until a lease contract is signed and security deposit collected.
Application approval is based upon collective factors including, but not limited to:
- Credit report
- Debt to income ratio and income to rent ratio
- Rental/eviction history
- Criminal history
- Personal references
Please review the rental criteria below before submitting your application.
Rental Criteria
Rental Application
- All prospective residents that are 18 years or older must complete an individual rental application.
- Each applicant must pay a non-refundable application fee prior to the application being processed.
- Select a move in date within 30 days of the property’s availability date.
- A valid government-issued photo ID is required from all applicants.
- We may request documentation for any information listed on the rental application.
- Falsification of information or omission of information on a rental application is grounds for denial and application fees will be forfeited.
Income/Employment
- Total monthly household Gross Income (combined income of all leaseholders) must be at least 3 times the amount of the monthly rent.
- Income verification is required. Accepted forms of income verification include two most recent pay stubs, offer letter or a tax return. Income which does not come from employment (examples; commissions, child support, etc.) requires written verification.
- If the combined gross income does not meet or exceed the required amount, we may deny the application or require a cosigner to approve the application.
- A cosigner must have a gross income of 4 times the month rent and may only be used to supplement income.
Credit History and Scoring
- Any applicant that does not meet the below credit criteria will be subject to a higher security deposit or denial.
- While we don’t require a particular credit score, we typically favor a credit score of 650 or higher.
- A higher security deposit will be required for any discharged/closed bankruptcies within the last 5 years. Automatic denial for any open bankruptcies.
- 80% of open accounts are in good standings.
- Accounts in collections will be reviewed. Automatic denial for any rental/landlord accounts in collections.
Criminal History
- Automatic decline if committed act of arson (setting fire to property) in the last 10 years.
- Automatic decline if National Sex Offender Records Found.
- Automatic decline if found in OFAC/terrorist database records.
- Some felony convictions may result in denial.
Rental History
- Any negative rental history is grounds for application denial.
- If you have an open collection from a landlord or property management company, this is an automatic denial.
- Two months security deposit will be required for any past evictions.
- Automatic denial for any rental/landlord accounts in collections.
Pets/Animals
- Pets are permitted on a per property basis with each property having specific breed and weight restrictions.
- Limit of 2 pets per property.
- All pet owners are required to pay a $300 non-refundable pet fee per pet.
- Service Animals, as defined by the Americans with Disabilities Act and the Federal Fair Housing Act, are not considered pets. They are exempt from fees and restrictions.
Smoking
- NO tobacco or marijuana smoking is allowed inside ANY of our properties.
- Under Federal law, marijuana remains a Class I Controlled Substance and therefore illegal under Federal Laws.
- NC law and Federal law gives us the right to prohibit it. Marijuana use, possession, and/or growing is prohibited at all our rental homes and violators will be evicted per our lease agreement.