Rental Application

Thank you for your interest in leasing a property with Renaissance Properties Management LLC! It is important that you fill out the application thoroughly, as all information provided will be verified and considered. We have outlined our screening process and information regarding the application below. The approval process generally takes 1 to 2 business days; however, it may take longer depending on how quickly we receive the third-party verifications. Please contact us with any questions or concerns during the application process.
 
 
Please have your credit/debit card ready when you are applying online. Once you input the required information, you will be directed to the second page to pay the application fee of $68.00. The application must be signed and the application fee must be paid. Applications without the fee will NOT be processed

1. Application form:

a) Please complete our secure online rental application with current, accurate information. If the application is incomplete or missing information, it will not be processed. 

b) All applicants age 18 and older are required to complete an application. For minor children, we only require names and dates of birth.

c) A valid government photo ID is required to verify identity (driver’s license, state-issued ID, military ID, passport, etc.). A copy must be uploaded during the application submission or it can be emailed to [email protected] 

d) The co-signatory agreement is only required if a co-signer is necessary for an application to be approved. The intentions of a co-signer are to ensure the financial oblations of the lease are met. A co-signer may be necessary if the following conditions apply:

  • full-time student
  • lack of credit history
  • part-time employment
  • lack of rental or mortgage history

A co-signer may not be used if an application is denied because of poor credit history. If any of the conditions mentioned apply, please contact a Renaissance Properties Management LLC representative to see if your application may need a co-signer. In order to co-sign, a co-signer must complete an application and qualify as a potential tenant.

2. Submitting your application:

a) We must receive the application fee in the amount of $68.00 at the time you submit your application. Please have your credit/debit card ready when you are applying online. Once you input the required information, you will be directed to the second page to pay the application fee of $68.00

b) Please include a copy of a valid government photo ID of any person over the age of 18 residing in the household. 

c) The completed application may be submitted through our website, faxed, dropped off or mailed to our office located at 117 South 5th Street Richmond, IN 47374. We have an overnight drop box on the door that may be used after hours. We strongly encourage you to use our secure online application to apply for one of our rental properties. 

d) The application must be signed. Applications without signatures will not be processed.

3. Verifications:

a) Once we receive your application, our office will obtain a copy of your credit report. It is our policy not to accept a copy of the report provided by the applicant, as we need to ensure the information is as current as possible. Favorable credit history is imperative to be approved. An application may be denied based on credit for the following reasons, but not limited to:

  • open collection from a utility company
  • bankruptcy in the last 12 months
  • civil court judgment
  • previous landlord collections
  • foreclosure in the last 12 months
  • mortgage payments in arrears within the past year
  • credit card payments in arrears within the past year

b) Two (2) of your most recent paycheck stubs must be included with each application. In order for approval, we require your gross monthly household income to equal or to exceed 3-times the monthly rent of the property you are interested in (For example, if your monthly rent is $500, your net monthly income be must at least $1,500).

c) Renaissance Properties Management LLC may deny an application based on outstanding landlord debt. You must have favorable leasing history within the past year to qualify. Favorable history includes, but not limited to:

  • on-time rental payments
  • no returned checks for insufficient funds
  • no lease violations
  • no damages

4. Security Deposit:

a) A deposit is equal to the amount of one month’s rent. This is non-negotiable. 

b) We will hold a property for any period of time less than a month with an approved rental application, a Security Deposit and a Finalized (signed) Lease. We begin leases on the first of the month and end them on the last day of the last month of the Lease.  We will pro-rate a partial month at the beginning of the Lease if a tenant wants to take a possession earlier than the first of the month.

c) The above mentioned Security Deposit will act as a holding deposit until such a time the Lease is finalized. An applicant has five (5) days from receipt of the Lease paperwork to complete and return the finalized Lease. Should the applicant fail to finalize the Lease for any reason, Renaissance Properties Management LLC reserves the right to retain the Security Deposit and to lease the property to another applicant. 

d) Once we receive an approved rental application, a Security Deposit and a Finalized (signed) Lease, the property will be taken off the market and no other applications will be processed.

e) Upon move-in, this deposit will serve as a security deposit for the duration of your tenancy.

5. Pets:

We love pets and welcome them to most of our properties, however, pets have the potential to cause property damage and significantly increase liability for the property owner. Therefore, the priviledge of housing a pet at one of our properties comes with extra responsibilities and obligations. Pets must be approved before being brought into the household.  An annual pet inspection might be performed to ensure no damage to the property has occured.

a) We require a $250 refundable pet deposit per pet. This fee is due at move in. In addition, there is a $25 monthly fee per pet for the life of the lease.

b) Pets are limited to two small pets per household.

c) Maximum weight of each pet must not exceed 40 lbs.

d) There are significant breed restrictions on dogs.

5. Renters Insurance:

All leases require tenants to obtain renters insurance and list Renaissance Properties Management LLC as an additional insured. It is fairly inexpensive and can be purchased through your existing auto insurance provider or any other number of companies. Ask us for recommendations! Renters insurance can save you from a major financial loss.