What do I do if I am ready to lease a home through MatchboxRealty.com?
All adults must fill out an application. They must then either be approved and self-qualify, obtain a Guarantor, or agree to be a party to a Joint Lease. View our Guarantor Form.
Who must fill out an application?
Each adult (person over 18 years of age) planning to occupy the home must fill out an application.
Why must all adults fill out an application?
Every adult who resides in the home must be listed on the Lease to have a legal right to occupy the home. We must verify the suitability of everyone on the Lease.
What is your application fee?
Our application fee is $45 (Non-refundable) per applicant.
I am a student or do not have enough income to qualify for a property, can I still lease one of your properties?
Yes, however we will require you to secure a suitable person to guaranty the lease or agree to be a party to a Joint Lease. You may not be a Guarantor to your own Lease nor may a roommate guaranty your Lease. View a sample of our Guarantor Form.
Why does my guarantor have to fill out an application?
Just like our residents that do not need a guarantor, we must evaluate the credit-worthiness of all involved in our leasing process. The guarantor’s credit must be satisfactory and source of funds must be approximately five times the monthly rent.
Does my guarantor have to pay the application fee?
Yes. Every person over the age of 18 will need to play the application fee. Guarantors are required to sign the lease along with the tenants that intend to occupy the unit. A full credit check is performed on each and every applicant, including guarantors.
What factors do you use in determining if my application is approved?
First and foremost, we operate in strict compliance with all Fair Housing Guidelines. After receiving an application we investigate rental / ownership history, credit report, criminal report and source of funds verification.
How much rent can I qualify for?
Typically, we require the monthly source of funds of applicants to be three times the lease payments.
How long does it take to process my application?
Typically, once we have all pertinent information required (including the non-refundable Application Fee) we can fully process your application within 2 business days.
After my application is approved, what do I do?
We will contact you, as soon as possible, to let you know that you have been approved. You should then immediately schedule an appointment to sign your Lease. A unit is not marked unavailable until the lease is signed.
What happens if more than one application is submitted for the property that I applied for?
All applications are accepted and processed on a first come-first served basis. Due to our fiduciary relationship to the owner, if more than one application is submitted before approval of an application, we are required to select the highest rated application.
What if my application is denied?
In the event your application is denied, we make every effort to contact you promptly regarding the denial. We encourage those who are denied to find a suitable guarantor so they can lease the housing of their choice from us.
How do I qualify to lease a property?
Each Prospect will qualify by meeting 1 of 3 standards below:
- Have suitable credit history, rental history, criminal history and source of funds that meets or exceeds 3 times the monthly rent for the property that you are trying to qualify for.
- Have suitable credit history, rental history, criminal history and agree to be a party to a Joint Lease.
- Have suitable credit history, rental history, criminal history and obtain a guarantor with suitable credit history, rental/ownership history, criminal history and source of funds that meets or exceeds 5 times the monthly rent for the property that you are hoping to qualify for.