APPLICATION CHECKLIST
In order to process a rental application, please review our screening criteria. if you want to proceed, you must complete each item listed below:
Make an application submission
- Application Fee
- Copy of Identification
- Months worth of Pay Stubs
* Note items above will be submitted with completion of application*
* Pay a Security Depsoit. This is an amount equal to one full month’s rent paid by money order, cashier’s check or online payment.
The Security Deposit can be submitted to Realty Advantage Partners Inc. any of the following ways:
- 9:00 AM to 5:00 PM at our office,
- 24/7 Drop box available outside of office
Fill out an envelope with the unit you are applying for, deposit amount, name, phone number, email address, and return address
- Mail to our office – 3207 Cedar Ave S, Minneapolis MN 55407
- Payments can be made – CLICK HERE.
- Please note – for credit card payments, a 2-4% service charge will retroactively be charged to you.
Tenant Testimonials
“The staff at Realty Advantage Partners Inc. is always friendly and professional.”
“I have had a great experience renting from Realty Advantage Partners Inc.”
“I love the community at my building and recommend Realty Advantage Partners Inc.”
“Realty Advantage Partners Inc. is a great company.”
“As a tenant, I really appreciate that Realty Advantage Partners Inc. is always looking out for their tenants.”
“Realty Advantage Partners Inc. does a great job at getting maintenance done quickly.”
“I recommend Realty Advantage Partners Inc. to anybody considering renting a property.”
FAQS
1. If I pay the security deposit, will it be returned to me? – If the applicant is approved and later changes his/her mind, the Pre-Lease Deposit WILL NOT be refunded under any circumstances. – If applicant is rejected, the Pre Lease Deposit will be returned. – If applicant is accepted and signs a lease, the Pre Lease Deposit will be converted to security deposit and refunded upon lease termination subject to deductions outlined in Pre Lease Agreement and Lease.
2. What is the income requirement? – The standard policy is that applicants have income (or permanent guaranteed benefits) of 2.5 time the regular rent amount.
3. What is the application fee? – $50 per adult.
4. Do you accept felons? – No. Applicants that have a gross misdemeanor/felony or more severe crime on his/her record are not accepted, with the exception of DUI and other driving-related offenses.
SCREENING CRITERIA
1. By utilizing the screening process, REALTY ADVANTAGE PARTNERS INC. is attempting to prevent losses from future evictions, skips, delinquencies, damages, or other financial damage by uncovering an applicant’s previous rental history. Screening will assist REALTY ADVANTAGE PARTNERS INC. in making rental decisions that are based on objective business qualifications and not illegal discriminatory reasons.
2. The rental application will ask you for your complete legal name, current address, date of birth, social security number, vehicle information, state issued identification number, passport, military identification, or other identification. Emergency contact names and telephone numbers are also requested. Residence history from the last 2 years is required in addition to employment and income verification are also required as part of the application process. In order to sign a lease, a state issued identification or other identifying document is required and one form must have a picture. Applicants must be 18 years of age or provide proof of emancipation. In some cases, minors can contract for health, safety, housing and welfare issues and each case will be evaluated based on the circumstances of the applicant. Failure to provide the above information may result in a denial of your rental application.
3. The combined monthly income of all qualified applicants leasing the apartment must be 2.5 times the normal lease amount. If you are self employed or unemployed, then income verification for the term of the lease is necessary. Verification of income can be done by submitting the prior year’s tax return or having a letter of credit issued from your bank.
4. Unpaid debts, judgments or unlawful detainer related only to non-payment will result in rejection.
5. Credit Verification and Criminal Background Check is completed for all individuals completing the rental application by Rental History Reports. Rental History Reports is an agency that performs all screening activities for REALTY ADVANTAGE PARTNERS INC. Your credit history, criminal history and application are kept confidential and not disclosed to any other person or entity without express authorization from you. Failure to provide the above information or accurately provide the information above may result in a denial of your rental application.
6. Except for driving-related offenses, rental applications are denied for individuals that have been convicted of a gross misdemeanor or felony, or plead guilty to a gross misdemeanor or felony, or no contest to a gross misdemeanor or felony. Sex offenders and registered sex offenders are not allowed to lease from REALTY ADVANTAGE PARTNERS INC.. If you fail to tell the landlord in advance of such a crime or any other criminal matter prior to completing the rental application, then it shall constitute a reason for denial of this application.
7. Eviction actions filed against you or any other occupant applying for residence for any reason may be a reason for denial of a rental application. Failure to provide the above information or accurately provide the information above may result in a denial of your rental application.
8. Application screening fees are nonrefundable unless otherwise provided by law and said fees are assessed to each individual submitting a rental application.
9. Miscellaneous Reasons why your application may be denied: (1) applicant is under the influence of drugs or alcohol during the application process (2) applicant is rude, belligerent, and uses profanity to staff and employees (3) applicant is asked to leave the premises and refuses to leave when asked by staff.
10. In the event your application is denied due to Item 3, Item 4 or Item 7 and the denial is solely due to a financial reason, it may be possible at the discretion of the landlord to obtain approval with a co-signer and/or double security deposit. Co-signers are required to meet all income requirements. Co-signers are also held legally responsible of the terms and conditions of the lease. REALTY ADVANTAGE PARTNERS INC. complies with all federal, state, and local Fair Housing laws.