We have established the following policies for approval of Lease Applications:
We must obtain a favorable credit report. This report must be substantially free of bad debts, liens, collections, or chronic past due reports.
We decline to lease to persons who have collections from or unpaid debts to landlords, management companies, and/or amounts related to prior tenancies including collection or debts to utility, telephone, or cable companies.
We must have a minimum of 6 months' verifiable rental or mortgage payment history and the reports from prior landlords or mortagees must be favorable. Late payments or returned checks are grounds for denial.
We usually require at least 6 months' verifiable continuous employment and the reports from the employer, or income supporting documents, must confirm that the Applicants' income is at least three (3) times the monthly rental expense.
In certain circumstances, we may make an accommodation to applicants who meet most, but not all, credit standards. Such arrangements usually require additional security deposit of one or more months' rent or the guarantee of co-signers, or both.
Co-signers must meet the standards of our credit policy, as explained above, they must sign the lease and they must live in Oklahoma.
Credit & Leasing Policy
