Portland Rental Criteria

General Statements

1. We need your help. This means please be available to answer questions and provide information. There are strict timelines that must be followed to be fair to other applicants.
2. When you apply, your credit and background will be pulled electronically and you will be charged immediately. For this reason application fees are NON-REFUNDABLE.
3. All section 8 Applicants must sign a consent form, allowing any applicable housing authority to release the contents of, and information pertaining to, Applicant’s housing file and rental history.
4. If Applicant(s) make any derogatory or offensive comments, and/or act in a threatening, combative, intoxicated or disorderly manner, during any phase of the inspection, meeting or application process will result in a denial of your application.
5. Each applicant will be required to qualify individually or as per specific criteria areas. Income will be calculated based on the entire household unless requested otherwise.
6. Inaccurate or falsified information will be grounds for denial of the application
7. Any individual whose tenancy may constitute a direct threat to the health and safety of any individual, the complex or the property of others, will be denied tenancy.
8. The denial of one applicant will result in the denial of the entire household.
9. Government issued photo ID will be required.
10. Any applicant currently using illegal substances will be denied.
11. All applicants residing at the property must be current on all child support obligations with no payments past due or in arrears in any county, state or local jurisdiction.
12. Incomplete applications will not be approved.
13. Applicant must be able to enter into a legally binding contract

Income Requirements

Your application will be denied if we are unable to verify your legal source of income.

We do not accept payments from third parties unless required by law.

1. Gross monthly household income must be equal to or greater than two (2) times the monthly rent. All income must be from verifiable legal sources. (Verifiable income may mean, but is not limited to: Employment, Bank Accounts, Alimony/Child Support, Trust Accounts, Social Security, Unemployment, Welfare, Grants/Loans and vouchers under the Section 8 Housing Choice Program).

If employment income is being used, a current pay stub from your employer will be required if we are unable to verify income over the phone. If your employer uses The Work Number to verify income and employment we will need you to provide your two most recent pay stubs.

How Section 8 Income is Calculated

Section 8 applicants must earn 2 times the residents stated portion of rent. For example, if the rent is $1000/mo. and you receive a monthly voucher for $700.00, the household income must show $600 a month ($300 X 2 = $600)

NOTE: All other timelines and requirements for delivery and possession apply. A deposit must be paid within 2 business days of approval. A lease must be signed and rent paid 14 days from approval. Possession will not be delivered until all funds are received. Failure to comply with any of the required timelines will result in forfeiture of the deposit paid.

Are You Self Employed?

Self-employed individuals will be required to show the previous year tax return (both business and personal) and any business names and corporate filings will be verified through the state. If applicant is earning a wage or drawing a salary from their business, income will be based on pre-adjusted gross income as reported on their personal tax return. If no wage is drawn, six (6) months of bank statements will be required and the average monthly ending balance will be used to verify monthly income. You must contact our office to supply this information.

Non-Employment Income; Liquid Assets; Other

1. If non-employment income is being used, the applicant must provide information verifying their right to receive the income and that the obligations of the payor are current. To qualify based on liquid assets, the household must have liquidated assets equal to 24 months of rent.

Inadequate Income

1. If applicant does not have enough income to reside in the property then a qualified cosigner will be required. See cosigner criteria below.

Rental History/Mortgage Requirements

• One year of current rental history or mortgage history verifiable by a third party is required. (Rental references ending 12 months prior to the date of application will not be considered current)
• Current or previous rental/mortgage history showing 1-2 late payments within the previous 12 months of application must demonstrate 6 months of rent in liquid assets.
• Three (3) or more late RENTAL payments, 144 hour notices or 72 hour notices within the previous 12 months of application will result in denial.
• Three (3) or more late MORTGAGE payments within the previous 12 months of application must demonstrate 6 months of rent in liquid assets.
• Two (2) or more NSF checks within a one year period will result in denial.
• In addition to your current landlord reference we require that you provide your previous landlord/mortgage information if applicable.
• An application insufficient in rental/mortgage history requirements or a non-third party shall require a cosigner.
• Five (5) years of eviction free rental history is required. Eviction actions that were dismissed or resulted in a judgment for the applicant will not be considered.
• A pending eviction action that has not yet resulted in a dismissal or judgment in favor of the Applicant, at the time the application is submitted will be denied.
• Rental history with past due rent or an outstanding balance will be denied.
• Rental history demonstrating lease violations will result in denial.

Credit Requirements

An application resulting in no credit score must demonstrate 6 months of rent in liquated assets.

Credit Report

1. Except as provided below, a credit history with negative reports will not be accepted. A “negative report” is any non-medical and non-mortgage item 60 days past due or greater, charge-offs, repossessions, settlements for less than full amount or garnishments. Negative credit will result in additional guidelines as follows:
   1. A report containing a bankruptcy will require an additional deposit equal to must demonstrate 3 months of rent in liquid assets. or co-signer. A report containing an active or dismissed bankruptcy will result in a denial.
   2. 1-2 items 60 days past due or greater, collections, charge-offs, repossessions, settlements for less than full amount or garnishments must demonstrate 3 months of rent in liquid assets or co-signer.
   3. 3-4 of the items above must demonstrate 6 months of rent in liquid assets or co-signer.
   4. 5-6 or more of the items above must demonstrate 12 months of rent in liquid assets or a cosigner.
   5. 7 or more will result in a denial.
2. Collections: A report containing any cumulative amount less than $500.00 in collections must demonstrate 6 months of rent in liquid assets or co-signer. A report containing a cumulative amount in excess of $500.00 in collections will result in a denial.
3. Judgments & Liens: A report containing any cumulative amount less than $500.00 judgments and Liens must demonstrate 6 months of rent in liquid assets or co-signer. A report containing a cumulative amount in excess of $500.00 In Judgments or liens will result in a denial.

Cosigners

• Must have a credit score of 720 or greater.
• Must not have ever filed for bankruptcy.
• Must reside in the United States
• Must have a monthly gross income of three (3) times the stated rental amount.
• Must cosign for all household members.

Criminal Conviction Review Process

Owner/Agent will engage in an individual assessment of the applicant’s, or other proposed occupant’s. Convictions if applicant has satisfied all other criteria (the denial was based solely on one or more Convictions) and:

(1) Applicant has submitted supporting documentation prior to the public records search; or

(2) Applicant is denied based on failure to satisfy these criminal criteria and has submitted a written request along with supporting documentation. Supporting documentation may include;

1. Letter from parole or probation office;
2. Letter from caseworker, therapist, counselor, etc.;
3. Certification of treatments/rehab programs;
4. Letter from employer, teacher, etc.
5. Certification of trainings completed;
6. Proof of employment; and
7. Statement of the applicant.

Owner/Agent Will

(a) Consider relevant individualized evidence of mitigating factors, which may include: the facts or circumstances surrounding the criminal conduct; the age of the convicted person at the time of the conduct; the since the criminal conduct; time since release from incarceration or completion of parole; evidence that the individual has maintained a good tenant history before and/or after the conviction or conduct; and evidence of rehabilitation efforts. Owner/Agent may request additional information and may consider whether there have been multiple Convictions as part of this process.

(b) Notify applicant of the results of Owner/Agent’s review within a reasonable time after receipt of all required information.

(c) Hold the unit for which the application was received for a reasonable time under all circumstances to complete the review unless prior to receipt of applicant’s written request (if made after denial) the unit was committed to another applicant.

Denial Policy

If you are an applicant being denied due to adverse or negative information being reported, you should:

If you are denied you may contact Acranet to request a copy of the tenant screening report that was prepared for Sleep Sound. Acranet will not be able to provide the reason for the denial.

1. Contact Acranet at 1-800-304-1249
2. If it is credit related, contact the credit reporting agency listed in the denial letter in order to:
1. Identify who is reporting negative information about you.
2. Request a correction if the information being reported is incorrect.

If you feel your application was still denied unfairly and you believe you meet the requirements above, please mail your request for a review to 4415 NE Sandy Blvd., Suite 201, Portland, OR 97213 and we will review and respond to your application within 10 business days.

Disabled Accessibility statement

If a disabled person requests a reasonable modification, Sleep Sound Property Management, Inc. allows existing premises to be modified at the full and complete expense of the disabled person if the disabled person agrees to restore the premises (per fair housing guidelines) at their own expense to the pre-modified condition. We may require:

1. The applicant to seek written approval from the landlord before making any modifications.
2. Reasonable assurance (in writing) that the work will be performed in a workmanlike manner.
3. Reasonable details regarding the extent of the work to be performed.
4. Names and contact information of the qualified contractors to be used.
5. Appropriate building permits and licenses must be obtained and made available to the landlord for inspection.
6. A deposit for the restoration may be required.

Pet Policy (if allowed, see ad)

Some of Sleep Sound's properties are pet friendly. For properties that allow pets pet screening required.

Pets are vetted by petscreening.com. You will be asked to submit verifiable proof, from a veterinarian, that any pet over one (1) year old, has all current shots, all immunizations, is neutered or spayed, and is licensed

Sleep Sound will provide a link if your application is first in line and you have been approved or conditionally approved.

What You Need to Know

The Pet Screening application fee is $20.00 for the first pet and $15.00 for all additional pets. Service animal screenings are $0.00

Pet Deposits

All pets require a $400.00 pet deposit. Pet deposits are refundable.

Pet Rent

Pet rent is based on the Paw Score assigned by petscreening.com

A paw score will be assigned ranging from 1-5.

A score of 1 or 2 will result in a denial of the pet.

Paw scores of 3-5 will be approved with a monthly pet rent correlated to the pay score.

5 = $70/mo.

4 = $60/mo.

3 = $45/mo.

The following breeds are prohibited due to insurance limitations on liability.

Pit Bulls and Staffordshire Terriers, Doberman Pinschers, Rottweilers, German Shepherd, Chows, Great Danes, Presa Canarios, Akitas, Alaskan Malamutes, Siberian Huskies, Wolf-hybrids or any mixed breed containing any portion or characteristic of these breeds.

Some properties may be subject to the restrictions of a homeowner association. For more details please contact our office and a property manager will happily assist you.

Assistance Animals

If you have an assistance animal, you will need to go to the animal screening website to have their assistance animals verified. Animal Screening

Contact the leasing team for details with any other questions regarding assistance animals.

Important Notices and Resources

• Right to Request a Modification or Accommodation Notice
• Statement Of Applicants Rights and Responsibilities Notice

Smoking Disclosure

All of our properties are smoke free, so there will be no smoking in or on any of our properties. All smoking must be done off of the property.

Fee Disclosure (Subject to change prior to execution of rental agreement)

Renters Insurance Requirements

Renters insurance is required. All parties must be named on a shared policy or have their own individual policy.

Coverage requirements:

• Apartments - $100,000 in liability protection
• Condos, townhouses and single family homes - $300,000 in liability protection.

Exemption: If your household income is 50% or less of the median family income for the area (area based on census map) you are not required to have renters insurance.

We do strongly advise having it as it will protect you and your personal property should a loss or accident occur on the premises.