Maxfield Property Management
Maxfield Property Management – Thank you for showing interest in renting a home through Maxfield Property Management. You will find our minimum rental criteria and our screening policy. If you have specific questions, you can email us at [email protected]
Applicants who do not meet our minimum requirements may be rejected or offered a conditional offer. A conditional approval may require additional documentation, require an increased security deposit and/or in some cases, require some applicants to have a qualified cosigner or guarantor.
Maxfield Property Management
All application status updates will be sent via email or SMS. We understand that applicants want to know as soon as possible. Calling our office will only slow down the approval process. If you have not heard from us within 48 hours, please contact us. at [email protected] or text us at 620.374.9729.
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Our legal department would like us to remind you that Maxfield Property Management is an agent of the owner and represents the owner with respect to the property. That means in no way will Maxfield Property Management, the broker or its agents become an agent or fiduciary for you, either expressly or impliedly.
Rental properties are offered to the public for rent in compliance with all local, state and federal housing laws, including but not limited to, all federal and state laws and regulations prohibiting discrimination on the basis of race, color, religion, sex, national origin. , disability or family status.
All applications will be considered until an applicant is approved and earnest money has been paid. Rental applications are reviewed and evaluated based on the same standards for each property on a first-come-first-served basis, one person, family or group of individuals at a time. Any false statements or inconsistencies on the application will result in an automatic denial.
ALL OCCUPANTS/RESIDENTS OVER THE AGE OF 18 MUST COMPLETE A SEPARATE APPLICATION AND PAY A $45 APPLICATION FEE FOR EACH ONLINE, ELECTRONIC APPLICATION.
E Center St, North Salt Lake, Ut 84054
Forgetting or failing to pay the application fee at the time of application will delay your application until payment is made. If for any reason the fee is not collected during the application process, and you rent a property through us, you will be billed on your tenant statement. APPLICATION FEES ARE NON-REFUNDABLE.
In addition to your rental application fee, you must also provide a copy of a valid form of identification such as a driver’s license, state-issued ID, passport or other commonly accepted photo I.D. You will also be required to disclose how you earn your income and provide proof of income. You can upload a screenshot or photo from your smartphone before submitting your application online. You can also email this information to us at [email protected]
Most of our properties require that all applicant(s) combined gross income is at least 3x the monthly rent amount. For example, if the rent amount is $1,000 per month, the minimum combined income of all applicants must not be less than $3,000. In case you were wondering, this is gross wages… aka before taxes. In some situations, such as students, you may be asked to provide additional sources of income, or asset statements (including 401K, savings, etc.)
Employment must be current and verifiable and likely to continue for at least one year. If you have moved more than 30 miles from your current residence due to work, you may be asked for a letter from your new employer with your income and hours worked. If you are self-employed, you will be asked for alternative ways to verify income such as bank statements, tax forms and/or a letter from a CPA confirming your last two years of income.
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All previous residence situations are taken into account, but the rental history and residence history (if you own a house) is verified.
We are often asked if we should hire someone with bad credit. Bad credit is subjective in the leasing business. While we understand that many tenants may not have perfect credit. We work with tenants in every situation. Our general credit policy states that we work with tenants to find options and solutions that work for the tenant and that are acceptable to the landlord/owner. Often this means we ask tenants for an increased security deposit and/or to have a cosigner. (see below).
We pull credit reports on each applicant and each credit situation is evaluated, but we score tenants in 1 of 7 risk levels. To qualify for our standard deposit (which is listed on every property ad) a tenant must score in one of the three top tiers by meeting the following criteria:
We understand that some tenants have credit issues, but remember our general credit policy states that we work with tenants to find options and solutions that work for the tenant and are acceptable to the landlord/owner. However, there are some cases that cause an automatic decline, such as a credit score below 500, bankruptcy filing in the last 6 months, money owed to a previous landlord, and/or certain criminal activity as listed below.
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Applicants may be rejected based on the number, type, and breed of pet(s) as found on the application, regardless of whether the property ad states “pet friendly” or any version of “pets accepted.” * This does NOT apply to ANY assistance animals.
We screen criminal databases during our application process. Unless prohibited by law, applicants must meet our criteria. Applicants who are registered sex offenders will be rejected. Applicants must have no felony convictions less than 7 years old involving violent crimes against persons or property, including but not limited to murder, arson, kidnapping, assault, bombing-related offenses, robbery, burglary, terrorism, or involvement in the manufacture or distribution of any illegal substance. All other felony convictions must be more than 5 years old. Conviction of drug-related offenses only possession, or alcohol-related offenses, where no one was permanently injured or killed, must be at least 2 years old.
In addition to the above criminal activity criteria, successful completion of any felony sentence of at least 2 years and no new criminal activity for at least 2 years prior to this application. Any outstanding warrants or criminal charges pending trial may be accepted.
Applicants are always welcome to submit additional information regarding screening requirements and management will review this information on a case-by-case basis.
Tidwell Dr, North Salt Lake, Ut 84054
Once we have a completed application, we issue most decisions within 48 hours of submission, or at least within 5 business days. Completed applications are applications that lack information requested for the application process, including but not limited to proof of income (paystubs, W-2 or tax returns), copy of valid ID for ID verification and payment of application fees . A completed application also means that all applicants you are applying with have also submitted their information.
At our sole discretion, if we determine that an applicant does not meet our criteria or that we lack sufficient information to grant unconditional permission to rent the property, we may issue a conditional permission. A conditional approval may require additional documentation, require an increased security deposit and/or in some cases, require some applicants to have a qualified cosigner or guarantor.
Qualified co-signers/guarantors must have a credit score of 650 or higher, stable income and own real estate in the state where the rental property is located. An additional guarantor/co-signer fee of $150 is added to each lease and is non-refundable.
Once an application is reviewed and approved, the approved applicant will be required to pay a hold deposit to hold the property and keep your place in line while we send a lease for signature. If no deposit is paid, the property will remain on the market and offered to the next approved applicant, whether you still want the property or not. You can hold the property for 48 hours for a minimum of $1000 but the landlord reserves the right to ask for up to the full security deposit amount to hold the property and remove it from the market. During this time, this allows the parties to sign a lease and pay the security deposit. The hold deposit is 100% non-refundable upon receipt.
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Until and unless all these procedures are completed, the property will remain on the market and any offer to rent may be withdrawn until signed by the landlord or owner.
Applicants represent that all statements on the application form are true and complete and authorize the verification of such information. False information is grounds for rejection and termination of Maxfield Property Management’s application and any right of occupancy. The applicant(s) confirm that they are not on the US Government’s Office of Foreign Asset Control (OFAC) list of Specially Designated Nationals and Maxfield Property Management has permission to check against the OFAC list to determine if the Federal law prohibits any individual from participating. Real estate transactions. Additionally, to comply with the Patriot Act, Maxfield Property Management follows the Customer Identification Program standards. Federal law requires that we obtain, verify, and record information that identifies each person with a deposit account. What this means for you
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