Rental Criteria | Cox Property Group, LLC

General Stipulations

General Stipulations

General Stipulations

Applicant(s) must utilize our secure electronic application and verification system to apply for tenancy.
The application process includes payment for the processing of income verification, background checks, credit history, criminal record, eviction report, and reference validation.
Applicants must provide a valid US Social Security ID as part of the application process.
Applicants must be at least 25 years of age to apply for tenancy.

Income

General Stipulations

General Stipulations

Applicant(s) must have a total gross income of at least 3 times the monthly rental rate.
Income verification can be provided through:
- Pay stubs
- Tax returns
- Offer letter
- Acceptance letter
- Bank statements
- SSI
- Unemployment letter
- Child support

Background

General Stipulations

Credit Report

Criminal background screening will be conducted.
A 5-year history from the offense date will be considered.
Misdemeanors will not result in immediate denial but may require conditional approval.
Felonies within the last 5 years for specific offenses will be denied, including:
- Assault against person or property
- Drugs/Trafficking
- Terrorist Activity
- Sexual Offenses
- Credit card fraud
Felonies under correctional supervision may be considered with conditions.
Sex offenders will be denied regardless of conviction date.

Credit Report

Eviction Report

Credit Report

A credit report will be obtained for evaluation.
Student loans and medical loans will not be used to determine approval.
Open bankruptcies will be denied.
3 or more accounts in collections and/or more than $5000 in collections will be denied.
Less than 70% of accounts in good standing will be denied.
Owing another property/management company more than $2000 will result in denial.

Eviction Report

Eviction Report

Eviction Report

An eviction report will be obtained to determine Approval or Approval with Conditions.
A 7 year history will be reviewed based on court records.

References

Eviction Report

Eviction Report

Applicant must submit references for validation.
Required references include:
- 3 non-family references
- 2 previous direct manager/supervisor references
- 1 current direct manager/supervisor reference
- Contact reference information for each Landlord or Property Management Company for the previous 7 years if applicable.

Additional Conditions:

If approved for tenancy, you will be required to submit all payments via ACH or credit/debit card.
Applicant(s) will be required to electronically pay the application fee, security deposit, and first month's rent in full, prior to door key issuance.
CPG does not allow "Early Occupancy" or storage of personal effects within the leased property until all applicants have signed the Residential Lease Contract, the application deposit, and first months rent have cleared financial processing.
Please note that meeting the above criteria does not guarantee approval of the rental application. Each application will be reviewed comprehensively, taking into account all relevant factors.