If you are considering Whidbey Residential Rentals, Inc. for your housing needs, we would like to help you understand the process that we will go through together. We have established some minimum requirements for tenancy. Rather than let you apply and leave you in the dark, we have assembled this information for you. This should clear up the majority of your questions. This will not of course answer all of your questions, therefore feel free to ask about anything that you are not clear on before you sign your new lease. EVERYONE OVER THE AGE OF 18 WHO WILL BE RESIDING IN THE RENTAL PROPERTY MUST FILL OUT AN APPLICATION.

At the time, you submit your application, you will be asked to pay a screening fee of $41.00 Payable by Visa/Mastercard to: ORCA INFORMATION  (upon application) AND A HOLDING FEE OF $200.00 PAYABLE TO WHIDBEY RESIDENTIAL RENTALS, INC. You will need to send a Cashers Check or Money Order to: Whidbey Residential Rentals, Inc. 285 NE Midway Blvd #2 Oak Harbor WA 92877 (at the time you submit this applications) SAMPLE OF INCOME REQUIREMENTS

Your proposed rent must be less than 42% of you gross monthly income minus any Long term Debts, i.e. credit cards, car payments and any other loans.

Whidbey Residential Rentals, Inc. is required to keep all tenant credit report in the tenants/property file and they cannot be duplicated, copied or released to anyone. If you have any question please ask.

Thank You

Whidbey Residential Rentals, Inc.
285 N.E Midway Blvd #2
Oak Harbor, WA 98277
(360) 675-9596 FAX: (360) 679-5008

MOVE IN’s AND VACATES WILL BE DONE MONDAY - FRIDAY FROM 9:00 TO 4:00. ANYONE WISHING AN APPOINTMENT AFTER THESE HOURS WILL PAY $50.00 PER HOUR WITH A TWO-HOUR MINIMUM CHARGE.

RESIDENT ACCEPTANCE POLICY SCORING:

Each applicant’s screening report shall be reviewed for two types of adverse information; NEGATIVES and TERMINALS.

NEGATIVES: The following items shall be considered negative items. If THREE or more NEGATIVE items are found in a report, with no extenuating circumstances, the applicant will be denied.

__________Any two credit accounts that have been rated R2 (30-59 days late) in the last three years.

__________Any credit account that has been rated R3 (60-89 days late) in the last three years.

__________Any credit account that has been rated R4 (90-119 days late) in the last three years.

__________Any credit account that has been rated R5 (120+ days late) in the last three years.

__________Any credit account which is rated as having gone to collection.

__________Any charge off, judgment, Chapter 13 Bankruptcy, vehicle repossession, or lien.

__________Any landlord reference that includes two late rent payments.

__________Any instance of a Security, Cleaning and Damage Deposit which was not returned.

__________Any instance of improper or lack or Intent to Vacate notice.

__________Any instance of a lease being broken by the applicant.

__________Any employment situation which is temporary in nature.

__________Any bank reference which shows more than one NSF check.

TERMINALS: The following items shall be considered terminal, and shall be sufficient to decline the application.

__________Any OPEN bankruptcy (a bankruptcy to which new claims can still be added) or a Chapter 7 Bankruptcy.

__________Any collection filed by a property management company or a negative rental reference by a Landlord.

__________Any eviction or Unlawful Detainer action.

__________Any current 3-Day or 10 Day Notice.

__________Any income level (or combined income level in the case of married applicants) that does not met our 42% requirement.

__________Any conviction for the selling of drugs or possession of drugs with intent to sell.

__________Any history of disruptive behavior.

__________Any history of living or housekeeping habits that would pose a direct threat to the health and safety of other individuals.

__________Any gross distortion of the truth by the applicant on the written application.

CRITERIA FOR TENANCY

Applications are processed by a professional tenant screening company:

ORCA Information & Communications LLC

**Cashiers Check or Money order is required for Move-in Funds**

GENERAL REQUIREMENTS

1. Positive picture ID is required.
2. Each applicant must qualify individually unless they are a married couple.
3. Application must be completely filled out and signed failure to do so will result in delay of the processing
4. Application Fees must be paid before processing the rental application; CASHIER CHECKS ARE MADE PAYABLE TO ORCA INFORMATION.
5. Applicant acknowledges and accepts that Whidbey Residential Rentals, INC. represents the owner of the property for which applicant is applying.

RENTAL REQUIREMENTS

1. Two years of verifiable residence history from a third-party landlord required.
2. Rentals history demonstrating residency, but not by a third party, will require an additional security deposit equal to half months rent, or a CO-signer residing in Washington State.
3. Home ownership will be verified though tax assessors’ office or credit report.
4. Four (4) or more three-day notices within 12 months period will result in denial.
5. Two (2) or more NSF checks within 12 month period will results in denial.
6. Rental history reflecting any unpaid past due rent will result in denial.
7. Any unlawful detainer action or eviction over three (3) years old which has been paid can be approved with an additional security deposit of one months rent.
8. Rental history showing $50.00 but less than $75.00 damage will require an additional security deposit equal to one month’s rent, only if the amount has been paid in full.
9. Rental history reflecting more than $75.00 damage will result in denial.
10. Rental history with disturbance complaints will be denied if the previous owner/manager would not re-rent. Added security is needed for all instances of unauthorized person or pets in a unit rented by the applicant.

INCOME REQUIREMENTS

1. Your proposed rent must be less than 42% of your gross monthly income minus any long-term debts (credit cards, car payments and any other loans).
2. A current paycheck stub or LES will be required if we are unable to verify income.
3. Some form of verifiable income will be required for unemployed applicants.
4. Self-employed applicants will require proof of income from 2 years tax returns.

EMPLOYMENT REQUIREMENTS

1. Verifiable employment is required.
2. If unemployed and unable to verify the income necessary to pay rent, applicant will be denied.
3. Self-employed individuals must be verified through tax returns or bank statements.
4. If employment does not meet the stated criteria and the applicant is, accepted an additional security deposit will be required.

CREDIT REQUIREMENTS

1. Good credit is required.
2. Applicant must exceed scoring criteria listed above.
3. Outstanding bad debts being reported on credit report which is more than $100 but less than $1000 will require an additional security deposit equal to one half (1/2) of one months rent.
4. Outstanding bad debts being reported on credit report which is more than $1000 will result in denial.

AUTOMATIC DENIALS

1. Any collection filed by a property management company will result in denial, unless paid, which will result in one month’s rent as added security deposit.
2. Any unlawful detainer action or eviction within the past three years.
3. Any currents 3-day notice to vacate.
4. Any felony offense which has taken place within the last ten (10) years.
5. If there is a criminal conviction and the applicant has been out of jail/prison less than five (5)years they will be denied.
6. If the criminal offense was of a physical or violent nature against either person or property, the applicant will be denied.
7. If the criminal offense took place more than ten (10) years ago, or if the person has been out of jail/prison more the five (5) years and has perfect credit and rental history they may be approved. (They may only be approved if this was a onetime offense and was not of a physical or violent nature. Multiple offenders will be denied regardless of what the credit and rental history shows).