Requirements and Leasing
Thank you for your interest in one of Keyrenter St. Charles Property Management. Please review the following information prior to applying. Keyrenter is an equal opportunity housing provider and adheres to Fair Housing Laws. Keyrenter does not discriminate against any person based on race, color, religion, sex, national origin, familial status, disability, ancestry, or any other protected class under applicable federal, state, and/or local law.
COMMON REASONS TO BE DECLINED:
Please review the list below of common reasons to be declined. Keyrenter does not pre-screen applicants. It is the applicants’ responsibility to pre-screen themselves and ensure they meet the requirements below. We encourage you to not apply if any of these pertain to you.
*Credit score below 600
*Less than 3x’s the monthly rent in gross monthly income
*Debt to income ratio is 50% or greater
*Active Bankruptcy or one that has not been discharged for at least 2 years
*Criminal history as described below
*Negative Rental History including evictions
LEASE START DATE:
Unless otherwise noted, we will not hold a property for longer than two weeks. This is subject to change during the off season or special circumstances.
All adults 18 years of age or older who will reside at the property must complete, sign, and pay for a separate application.
All Applicants must provide a valid government-issued photo identification. All Applicants must also provide a valid Social Security Number, Alien Number, or I-94 for verification purposes. Non-U.S. Citizens must be able to provide documentation from U.S. Immigration to verify legal residency in the United States as of the effective date of the lease agreement.
Please read these credit requirements carefully. A credit score of 600 is required, but is not grounds for automatic approval. If more than one adult, we will take the average of the scores, but all parties must have at least a 575 credit score. Scores are rounded up to the nearest whole number.
If the average credit score is between 600-625, applicants will need to have a positive rental reference from a property management company for the last 2 years, paying a comparable amount of monthly rent.
We do not approve applicants with 30+ day late pays in the last 12 months, unpaid landlord debt, or unpaid utility bills. Credit is reviewed in detail, including collection accounts, late payments, charge off accounts, and past due accounts.
Please note that we do not use a traditional FICO credit score. We utilize Resident Score, which is provided through TransUnion. We have a scorecard model that we use that evaluates an applicant’s credit history.There are several different factors that go into the CreditRetriever score along with the bureau score, including Income to Rent, # of inquiries, average age of tradelines, % of revenue to debt, percentage of bank tradelines to total tradelines, percentage of tradelines never delinquent of total tradelines, months since most recent delinquency and number of major derogatory ratings. Similar to FICO or Vantage, the CreditRetriever score is in a range of 350 to 850. While the new CreditRetriever score will not completely align with the more common FICO or Vantage score, there will naturally be some correlation.
We do not approve applicants with any open bankruptcies. Bankruptcies must be discharged for at least one year.
Applicants must provide the residence history for the previous two residences. We do not approve applicants with any eviction judgements in the last 7 years, eviction filings in the last 2 years, or any unpaid/outstanding landlord debt. Applicants will likely be denied if there are any defaults in lease agreements, multiple non-sufficient funds, or multiple late rental payments.
All applicants must provide proof of income. Gross monthly income (before taxes) must be equal to or more than 3 times the amount of the monthly rent. All sources of income must be verifiable. Income requirements and/or deposits may be raised depending on credit history. Applicants that do not meet the above employment or income requirements may be given the option to pay 12 months or the full term of the lease in advance including all rent, fees, and deposits.
Applicants should be aware that serious convictions in the last 7 years relating to crimes involving violence, sexual offences, weapons/firearms, gang activity, arson, drug trafficking/manufacturing, crimes against property, and injury to persons will be denied. Also persons who have been recently released from prison, parole, or probation may be required to provide additional information and references. Any applicant listed on the sex offender registry or OFAC/terrorist database records will be denied.
Applicants will be asked to disclose any prior convictions or pending criminal actions. A criminal background check will be conducted. Failure to disclose is grounds for denial. Pending criminal actions will not, in themselves, be grounds for denial but may be factors used along with other criteria. Convictions of any sort will be evaluated on an individualized basis. Management will consider the nature of the crime and the severity of the crime, along with how much time has passed since the criminal activity and the release from any imprisonment, parole, or probation.
Smoking is considered to be the use of cigarettes, vaping, e-cigarettes, and other forms of smoking. Keyrenter does not allow smoking in or on the property, or within 25 feet of any entrance of the property or a neighboring property. Keyrenter reserves the right to not process applications and rent to applicants who smoke. Any exceptions to this are on a case by case basis and may require a higher deposit.
Check each available Property for specific pet policies. If an animal is a registered service animal, proper documentation must be provided at the time the application is received. If an animal is considered an emotional support animal, a doctor’s note from a licensed medical professional that is considered capable to deem such animal as an emotional support animal will be required at the time the application is received. Such doctor’s note deeming an animal an emotional support animal must state that the Applicant has a medical condition that can be alleviated with such emotional support animal.
THERE WILL BE A SEPARATE PET APPLICATION AND FEE (per pet) REQUIRED USING https://KeyrenterStCharles.com/pets. Please follow the link provided on the application questions.
Unless otherwise specified, restricted pets & breeds include: Ferrets, Large Snakes (over 2 lbs), Exotic Animals, Birds (case by case), German Shepherd, Doberman, Chow, Rottweiler, Akita, American Staffordshire Terrier, Pit Bull, Presa Canario, Great Dane, Wolf Hybrid, pets under one year old.
Keyrenter follows city and county guidelines and regulations.
The security deposit will be required within 24 hours upon approval of the application to secure the rental and have it removed from being advertised.
Keyrenter reserves the right to increase the required deposit in instances when an application does not meet Income Requirements or Credit Requirements, when there is a negative or lack of Rental/Residency History, when there is one or more pet on the application, or a combination thereof.
MISCELLANEOUS APPLICATION INFORMATION:
- • There is a non-refundable fee of $50.00 per applicant, and each applicant 18+ must submit an application. The application is not considered until the fee is received.
- • Application fees are non-refundable, even if the applicant is denied tenancy.
- • If we are unable to verify background and/or credit using the provided social or ITIN, we reserve the right to deny the application or require additional deposits.
- • A text or email notification may be sent acknowledging the beginning of the processing of the application.
- • All Applicants are judged on the same Rental Criteria. It is the Applicant’s responsibility to review the Rental Criteria and to provide Keyrenter with the necessary evidential documentation and/or contact information to verify the information provided in the Application. Keyrenter reserves the right to decline an application for incomplete or untruthful information or documentation. Keyrenter also reserves the right to decline an application for the Applicant’s delay in providing Keyrenter with information and/or documentation needed to verify the Application.
- • We process on a first come first serve basis, and also reserve the right to process the most qualified (according to our criteria) application first. We may also prioritize applications based on who has viewed the inside of the property, in the event of a “sight unseen” application.
- • For questions or concerns regarding an application, please contact Keyrenter at 636-707-2000 and ask to speak to a Leasing Associate.
- • Any false information will be grounds for immediate denial. This includes but is not limited to: not disclosing a bankruptcy or foreclosure, not disclosing an eviction, not disclosing an animal, not listing all occupants, or providing any type of false information on the application.
I have used Keyrenter Property Management for a number years and have been pleased with their proficiency in terms of leasing and managing my rental property. I also appreciate the specialized service I get from the various team members.
Forrest M., Satisfied Client
The Keyrenter team is amazing. They are wonderful to work with, very professional, considerate and kind - we have had such an awesome experience over the past three years with our rental property and tenant management. HIRE THEM! They will not disappoint.
Sarah R., Satisfied Client
We have used other property management companies in the past and feel that Keyrenter exceeds the other experiences. Their attention to detail and communication are awesome. They were able to connect us to contractors to make property improvements with bids that were fair and honest. They found a renter for us quickly and the full process has been easy from the owner perspective. Thank you to the entire Keyrenter team!
Jane B., Satisfied Client
KeyRenters is amazing! The staff is very friendly yet professional. Maintenance requests are handled quickly and they always follow up to ensure that the work was complete. It has now been 7 months and I could not be more happy with my home rental decision and Keyrenters! Thanks for everything! :)
Akiya M., Satisfied Tenant
PROVEN AND TRUSTED