Minimum Criteria Checklist for Lease with Option to Buy After Repairs Are Made
House Address _________________________________ Applicant’s Name _________________________________
Automatic Rejection: Applicant will be automatically rejected if any of these are present
Applicant’s total gross household income is less than 3x the monthly payment
Applicant has been convicted of a violent felony, a drug-related felony, or a sexual felony
Applicant has lied on the application about any of the following: Current or previous landlord/manager’s name ______________________________ Job history or current employer _________________________________________ Applicant’s identity or social security number ______________________________
Applicant has been plaintiff in a lawsuit other than auto or class action, applicant is an attorney, paralegal, or law/paralegal student.
Other Criteria: Applicant must achieve 15 points according to the following system
Landlord Reference
Good reference from last two landlords; no complaints; would re-rent	3 points
Good reference from one landlord, no reference from other	2 points
No reference from either landlord, unit clean and well-kept on inspection	1 point
Bad reference from either landlord	-1 point
Rental History (last 24 months)
No late payments in the last 2 years	3 points
Payments less than 10 days late but caught up	2 points
Payments more than 10 days late but less than 30 days late, caught up	1 point
Payments more than 30 days late OR evicted & moved out before set out	0 points
Set out one time	0 points
Multiple set outs or multiple eviction moves	-1 point
Current rent vs. Proposed rent
Current rent is the same or more than new rent	2 points
Current rent is not more than 15% less than new rent	1 point
Current rent is 15 - 30% below new rent	0 points
Current rent is more than 30% below new rent	-1 point
Job Stability
Has been on same job for more than 24 months	3 points
Has been on 2 jobs, same line of work in past 24 months	2 points
Has been on 2 jobs, different line of work in past 24 months	1 point
Has been on more than 2 jobs in the last 24 months	0 points
Has no employment income	-1 point
Applicant’s ability to complete necessary work
Has proven ability to do all types of work that the property needs	3 points
Has proven ability to do majority of work that the property needs	2 points
Has friend/relative with proven experience who will guarantee work	1 point
No ability to do the work	0 points
Subtotal
The following criteria may be used to make UP TO 5 additional points if needed
Each extra « month’s payment paid as option consideration	1 point
Co-signer with good credit AND real estate	1 point
Applicant earns more than four times the monthly payment	1 point
Total
APPLICANT MUST HAVE 15 POINTS TO QUALIFY
Accepted
Rejected
Notes: