Southern Florida Property Management > Rental Process

Rental Process

Team Realty and Investment Solutions, LLC supports Equal Housing Opportunity for everyone. We do not discriminate based on Race, Color, Sex, Handicap, Family Status, or National Origin.

Application Processing and Time Frame

Processing an application normally takes between 2-3 days. If approval of homeowner associations, condo associations, homeowners is required, or unforeseen circumstances encountered, it may take some applications longer. You will be contacted immediately upon determination of approval or denial. All adult applicants over the age of 18 must submit a fully completed rental application and application fee. All applicants over the age of 18 are required to sign the lease agreement if approved.

No rental property will be held vacant for more than 2 weeks, unless approved by Team Realty and Investment Solutions, LLC.

Cost

If you apply to rent one of our properties, there is a $50.00 per adult application fee that is “non-refundable.” This must accompany the completed application. Incomplete applications or applications submitted without the proper application fees will not be considered and applications fees will not be refunded for incomplete applications.

Our leases are currently prepared by an attorney to comply with Florida laws. If you are the successful leasing candidate, you will be responsible for a one-time lease closing cost of $60.00 to cover our administrative cost and the cost in preparing your lease.

Some homeowners and condominium associations may require a separate application and fees. If such is the case with the property you are leasing, you must also apply separately to such homeowners or condominium association and pay whatever other application fee(s) may be required.

Application

Upon receipt of your rental application and application fee, you can expect and hereby authorize Team Realty and Investment Solutions, LLC  to: check your credit report, check the public records for any past evictions, verify your employment, verify your previous landlord references, verify previous rental payment history and perform a criminal background check.

Once you have been notified of your approval, you must place a holding deposit (by cashier’s check or money order), equal to at least one months rent, within 48 hours of your approval notification. Once approved and payment of the holding deposit is paid your holding deposit is non-refundable. In the event that you fail to enter into the lease agreement or refuse to take possession of the property on or before your beginning rental date (as stated in your application), you shall forfeit these funds as liquidated damages. Due to the high demand for rental homes, we will not hold the property you applied for off the rental market for more than 48 hours unless you provide the required holding deposit. If you do not comply with this requirement, we may rent the home you applied for to someone else, and your application fee is non-refundable.

All applicants must see the interior of the property before submitting an application. You are accepting the property in an “AS IS”
condition, except where there is written agreement for maintenance or repair items. Any maintenance or repair request (if any) must be written and included with your application. If your maintenance and repair request are acceptable to Team Realty and Investment Solutions, LLC, that agreement will be written in the lease or lease addendum. Verbal representations are non-binding. In the event the property manager shall receive two or more unrelated applications for the same property, the applicant understands the manager may select the applicant desiring the property in “AS IS” condition, over another applicant requesting maintenance or repairs. In all cases, the application fee is Non-Refundable.

All initial funds, the holding deposit- first months rent and security deposit must be paid by cashier’s check or money order payable to Team Realty and Investment Solutions, LLC.  Subsequent months thereafter may be paid by check, money order, cashier’s check or ACH.

Applicants must have a combined gross income of at least two and a half (2.5) times the monthly rent. Income must be verified in writing, applicant may provide recent pay stubs. A minimum of one year residential history is required. If resident has less than one year rental history, than an additional security deposit may be required. Rental history must be at least satisfactory, with no evictions. We reserve the right to require a co-signer and/or a higher security deposit. Co-signers are accepted at the property manager’s discretion only, must meet all requirements, and must reside in the State of Florida.

Credit history and/or Civil Court Records must not contain an eviction filed within seven (7) years (without court ordered stipulation fulfilled), judgments, liens or bankruptcy within the past two (2) years. Foreclosure within (5) years requires a double security deposit. Pending foreclosure or short sale in progress requires double security deposit. We will not provide you with the credit report or tell you of its contents; however, we will provide you with the name of the credit reporting agency so you may receive a copy from the credit bureau. All information collected for the approval or denial of this application is considered confidential in nature and for company use only.

Self employed applicants may be required to produce upon request (2) years of signed tax returns or 1099 forms. Non-employed applicants must provide proof of income and / or ability to make payments.

Felony convictions within the past seven (7) years are cause for rejection. Applicant must not have a felony record that was adjudicated guilty or had adjudication withheld for the past (7) years, or any conviction of any length of time for any drug related, sexual related, murder related or arson related crime.

Valid current photo ID documentation (driver’s license, military ID, or State ID) is required.

Previous rental history reports from previous landlords must reflect timely payment, sufficient notice of intent to vacate, no complaints regarding noise, disturbances or illegal activities, no NSF checks, and no damage to rental property or failure to leave the property clean and without damage when you leave the property.

Current occupancy standards are a maximum of 2 persons per bedroom, except for infants under 4 years of age. Some city and county  municipalities and/or homeowners associations prohibit more than two (2) unrelated adults to reside in a single family dwelling unit. Team Realty and Investment Solutions, LLC also prohibits the rental of single family dwelling to more than (2) unrelated adults.

No pets (with the exception of medically necessary pets, with proper documentation) of any kind are permitted without the specific written permission of Team Realty and Investment Solutions, LLC.  An additional non-refundable administrative fee of $250.00 per pet will be required. Some properties may require higher rent amounts. If a higher fee or rent amount is required, you will be notified at the time of the application. The following pets will not be accepted under any circumstances, GERMAN SHEPARDS, DOBERMANS, PIT BULLS, CHOWS, and ROTTWEILERS.

Some homeowners and condominium associations may require a separate application. If this is the case, you must also apply separately to such association and approval by the homeowners or condo association is a necessary prerequisite to our approval of your application.

Any exceptions to these criteria will need to be submitted in writing to Team Realty and Investment Solutions, LLC for consideration. If approval is given for exceptions, an additional security deposit, or additional higher rent may be required.

Other Items

Rents quoted are the rental amounts due if paid on time, (on or before the 1st of each month by 5:00 PM) otherwise the rent is at least $50.00 more that month and possibly higher if rents are severely delinquent.

Keys will be released on the first (1st) day of occupancy as stated in the lease agreement. Request for keys earlier than the lease start date must be accompanied with additional pro-rated rent and must have Team Realty and Investment Solutions, LLC’s  prior written approval.

Security deposits are security for faithful performance by tenants of all terms, covenants and conditions of the lease agreement and tenants may not dictate that the security deposit be used for any rent due. Unless claimed due to a breach of lease or damage, the security deposit is refundable when the tenants move out of the property at the expiration of the lease term.

Maintenance and Repair

When you rent a home from Team Realty and Investment Solutions, LLC, we strive to ensure that all items are in good working order and clean. Please report any maintenance or repair request in writing during your first 5 days of possession.  All maintenance requests must be made to Team Realty and Investment Solutions, LLC.  Unauthorized repairs will be at the tenant’s expense.

Multiple Applications

It is possible that Team Realty and Investment Solutions, LLC may receive multiple applications from unrelated individual applicants on the same property at approximately the same time. If this is the case, we will process all applications for consideration as to what we (in our sole discretion) consider the best applicant, which may not necessarily be the first application received. It is possible that more than one applicant may meet the approval criteria, however only one will eventually be approved. Because we represent the best interest of the rental property, we will accept the best application, which may not necessarily the first application received. In order to evaluate the various applications it is necessary for Team Realty and Investment Solutions, LLC to expend time and cost in credit reports, criminal reports, and other administrative cost.  Our policy is the application fee is non-refundable. If your application meets the approval criteria, but not the approved one for the property for which you are applying, you may consider applying for other available properties that we may have, without payment of an additional application fee.

Leasing Specialists

Team Realty and Investment Solutions, LLC provides leasing specialists to assist in previewing our properties, to distribute rental
information, applications, rental process information and application disclosures and contracts to lease our properties. The leasing specialist will also submit your application to Team Realty and Investment Solutions, LLC for processing. The leasing specialist is not authorized to negotiate on behalf of Team Realty and Investment Solutions, LLC. Verbal representations are non-binding. Once your application is submitted to Team Realty and Investment Solutions, LLC, the approval will be handled by the property manager in charge of the property for which you are applying.

Security Deposit Rates

A) No Additional Security Deposit
• 1 to 5 derogatory accounts or collections within 3 years
• Excluding medical collections and students loans
• 1 Year of rental history required

B) 1.5 Times Security Deposit
• Excessive collections or charge off accounts (ranging from 6 to 8 within 5 years)
• Less Than 2 Accounts in Good Standing
• Excluding medical collections and student loans
• Collection accounts for child support
• Bankruptcy from 1 to 3 years
• Foreclosure within 3 years (not pending)
• Judgments and/or liens within 3 Years
• No rental history or less than 1 year of rental history

C) Double Security Deposit
• Broken leases
• Money owed to landlord
• Evictions (with a court ordered stipulation fulfilled)
• Pending foreclosure or short sale
• Excessive collections and/or charge off accounts (ranging from 9 to 12 within 5 years)
• Excluding medical collections and student loans
• Bankruptcy under one year

D) Application Denied
• Over 12 collection accounts and/ or charge off accounts
• Undischarged bankruptcy
• Felony within 7 years (excluding DUI)
• Evictions (filed, without court ordered stipulation)
• Sexual Predator

Each applicant will be reviewed and evaluated on an individual basis.

 

Our Contacts



Through our domestic and global affiliates, we are able to assist you with getting connected to quality professional property management in most any location you own property.  Contact us so we can help you get professional assistance.
 

6685 Forest Hill Blvd, Suite 207 West Palm Beach, FL 33413
Telephone: +1-561-459-4361
E-mail: teaminfo@teamrealtydelivers.com


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6685 Forest Hill Blvd,
Suite 207 West Palm Beach,
FL 33413



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