Rental Criteria

Zenith Properties NW, LLC does not discriminate based on: race, color, religion, sex, national origin, familial status, disability, military or veteran status, creed, marital status, sexual orientation, and immigration or citizenship status. We comply with all federal, state and local laws concerning Fair Housing. Applications will be screened on a first come, first served basis. 

Upon being notified the application is approved, applicant(s) will be offered the opportunity to enter a lease and pay a deposit to secure occupancy. Failure to promptly tender the deposit within the time specified and/or execute the lease package as offered, will result in the denial of said application and the next approved application in the queue will be given the opportunity to enter a lease.

If an application is submitted before yours, your application will remain in queue in the order it was received. If the application ahead of yours is approved, your application will be canceled for the specific property, but remain active in our system for 90 days. Your application can be shifted to another available property at your request. You must satisfy the screening criteria for this new property; however, you do not have to pay another screening fee. An additional background check will be required if it has been more than 30 days since your initial approval. You will be asked to provide proof of income if it has been more than 14 days since your initial approval. You only need to inform a property manager of your interest to be placed in the queue. Your position will be in the order in which the intent to lease the new unit is known.​

**THE $49.00 SCREENING FEE IS NON-REFUNDABLE**

Chargebacks of the $49.00 Screening Fee will result in a denial of the application(s) and the file being sent to collections.

• Valid government issued photo identification is required for each applicant.​

• A complete and accurate application with phone numbers. Incomplete applications will not be considered.​

• Each applicant will be required to qualify individually.​

• Applicant must be able to enter into a legal and binding contract.​

• Incomplete, inaccurate or falsified information will be grounds for denial.​

• Once an application party is denied, no member of that party will be permitted to reapply for 90 days after said denial.

Negative credit history may result in an additional security deposit or denial. 

• Credit Score: 620 or greater.
• 2 or more 60 days past due or greater will result in a denial of the application.
• A credit file containing a discharged bankruptcy may require an additional security deposit.​
• Any open bankruptcy that has not been discharged will result in the denial of the application.​

All credit reports are run through TransUnion. Resident Score is factored into credit reports for all applications. If you have questions about your Resident Score, please contact Acranet at 1-800-304-1249.​

• One year of current third party verifiable (non-family member) rental or mortgage history is required. Homeownership is verified through the county tax assessor. Mortgages currently reflecting a past due balance will require an additional security deposit equal to one month’s rent. Homeownership negotiated through a land sales contract is verified through the contract holder. (Rental references ending 24 months prior to the date of application will not be considered current.)

• Eviction may be grounds for denial.

• Rental history reflecting past due rent or an outstanding balance will be denied.

• Rental history demonstrating noise or other documented complaints will result in a denial when the landlord would not re-rent.

• Gross monthly household income must equal two and one-half times (2.5x) the stated monthly rent.​
• Most recent and concurrent 2 paycheck stubs from your employer will be required. Verifiable income equal to 2-1/2 times the total annual rent will be required for unemployed applicants.​
  
  • Zenith may require additional proof for Unemployed applicants to verify income for the duration of the lease.
• Self-employed applicants will be verified through the state. A recorded business name or corporate filing is required. Verification of ownership is required. Zenith may require additional proof at management’s discretion. 
• The application will be denied if the legal source of income cannot be verified.​
• Tips can be included in the gross income as long as they are reported on the Tax Return.​
• If an offer letter serves as proof of income for an applicant, it must bear the signatures of both parties (applicant and future employer) and include the applicant’s name, base payment, and start date. We will also require a copy of the applicant’s bank statements for at least three months that demonstrate their ability to pay the move-in funds, as well as the second month’s rent.

Criminal background checks are performed on all applications. Residency may be denied based on criminal history.

Once an application party is denied, no member of that party will be permitted to reapply for 90 days after the said denial.

Here is a list of potential grounds for denial under our Rental Criteria.

General Requirements:

• Incomplete, inaccurate or falsified information

Rental Requirements:

• Landlord or Property Management debts/balance
• Negative Rental Reference from Landlord
• More than 3 NFS (annual period)
• With an Eviction or Unlawful Detainer record

Credit Requirements:

• Credit Score below 620 
• Open Bankruptcy

Income Requirements:

• No proof of income or benefits
• Doesn’t meet the income requirement of 2.5 times the rental rate
• The legal source of income cannot be verified
• Failed to submit additional documentation required

If your application is denied due to negative and adverse information being reported you should:

• Contact Acranet at 1-800-304-1249.
• Request a correction if the information being reported is incorrect.
• If credit-related, contact the credit reporting agency listed on the denial letter.

If your application has been denied and you feel you qualify as a resident under the criteria stated above, you should write to our: Equal Opportunity Manager, PO Box 871600, Vancouver, WA 98687. Explain the reasons you believe your application should be reevaluated and request a review. Your application will be reviewed within seven (7) working days from the date your letter is received, and you will be notified of the outcome.

Co-Signers may be requested for applicants who cannot meet our minimum requirements on their own. Co-Signers are legally and financially responsible for the lease agreement. 

We will only accept ONE Co-Signer per lease agreement, regardless of if the occupants of the household are roommates. 

Co-Signer must meet all requirements on their own, their application will not be considered in conjunction with the household applications. 

To be considered as a Co-Signer, you must provide: 

1. Fully completed application form
2. Proof of income showing income equal to or greater than 4x the monthly rent 
3. Valid Government Issued Photo ID
4. Confirmation of Application Fee Paid

Co-Signers are processed the same as any applicant. The same qualifications for proof of income apply. If the applicant provides a Co-Signer that does not meet our qualifications, they may try a different Co-Signer. The Application fee must be paid again. 

If a Co-Signer is approved, they must sign a CoSigner or Guarantor Agreement for the property within 48 hours.