Keyrenter Approval Criteria
We want you to feel confident when applying for a home with Keyrenter. This overview breaks down our approval standards so you know exactly what to expect. Our goal is to make the process simple, fair, and smooth for everyone.
Why This Matters
At Keyrenter, we are committed to creating safe, stable, and respectful environments for our residents and property owners. These approval criteria ensure transparency, fairness, and consistency throughout the rental application process. Understanding these standards helps applicants know what to expect and ensures a smoother experience for everyone involved.
Please carefully review our rental criteria before submitting your application. Meeting these standards is required for approval.
Only Apply via Our Website!
Like any industry, real estate is vulnerable to fraud and scammers. While we take every step possible to ensure our tenants and applicants do not get scammed, we strongly recommend the following:
Never pay a security deposit or “down payment” for a property to an individual person. Keyrenter Property Management may require tenants to pay a “hold” deposit for a property, and tenants can pay using our secure online portal, cashiers check, or money order. Scammers will attempt to use these techniques to steal money from unsuspecting applicants.
Never pay a security deposit or down payment via Cashapp, Venmo, Paypal, or other similar payment processing app. Keyrenter only accepts funds via its portal (activation link will be sent directly to the tenant), money order, cashiers check, or at secure payment locations.
Only submit an application through our registered websites. You will be assessed a one-time application fee, payable via the application workflow.
- If you are ever concerned that you or someone you know is being scammed and the property is associated with Keyrenter, please immediately contact our Info email: [email protected]
Preparing to Apply
- Gather the necessary documents, such as:
- A photo of your government-issued ID or driver’s license
- Recent pay stubs, bank statements, or previous year(s) W2 forms to verify income.
- Gather any other documents you believe will support your application in advance to ensure a smooth submission process.
- Notify your current employer and current/previous landlord of your intention to apply, and ask them to be highly responsive to requests for verifications that will be sent from our team.
- Applications must be 100% complete to be considered, and our properties receive multiple applications over short periods of time. Being highly responsive to requests from our team will be important in processing your application.
- All properties are leased on a first-come, first-served basis based on 100% complete applications. A complete application does not guarantee future tenancy at a property.
- Once an applicant is notified of their approved lease, time is of the essence. While we ask all applicants to carefully review their leases prior to signing, it is imperative there is no delay in signing the document.
- The act of sending a lease to an approved applicant does not guarantee tenancy, and leases are only considered binding upon countersigning by a Keyrenter agent .
If You Have an Pet or ESA/Service Animal:
- All Keyrenter applicants are required to complete a Pet Screening questionnaire (Visit [www.petscreening.com] to begin your profile). For applicants that do not have pets, the service takes approximately 2-3 minutes to complete.
- A non-refundable fee of $25 (via ACH) or $30 (via credit card) is required by Pet Screening to process a pet profile. Profiles for emotional support animals, service animals, and “No Pet” declarations are free of charge.
- For Emotional Support Animals (ESA):
- Have a letter from a licensed healthcare professional verifying your need for the ESA ready for upload.
- For Service Animals:
- Be prepared to answer questions via the Pet Screening questionnaire related to your service animal. The service may require documentation.
- For additional details, please refer to the ADA guidelines on service and support animals.
Submitting your Application
- 1. Identification
- All applicants must provide a valid, government-issued photo ID.
- Non-U.S. citizens must provide documentation proving legal residency.
- 2. Income Requirements
- Gross monthly income must be at least 3 times the monthly rent.
- Income must be verifiable through pay stubs, bank statements, tax returns, or employer contact.
- 3. Employment Verification
- Current employment must be verified. Self-employed individuals must provide tax returns and bank statements.
- Recent graduates or individuals starting new employment must provide an offer letter.
- 4. Credit History
- Credit scores are evaluated based on overall history, patterns of payment, and debt load.
- Applicants with a credit score below 600 may be declined or required to provide a higher deposit or a co-signer with a 700+ score, at Keyrenter’s discretion.
- Bankruptcies must be discharged for at least one year with re-established credit.
- 5. Rental History
- Applicants must have a minimum of 1 year verifiable rental or homeownership history. First-time renters may be required to have a co-signer or be subject to an increased security deposit.
- No evictions or outstanding rental debts within the past 5 years.
- References from previous landlords may be taken into consideration during the approval process.
- 6. Criminal Background
- We conduct national, state, and local criminal background checks on all applicants.
- Convictions for violent crimes, drug distribution, property damage, sexual-related crimes, or crimes against persons may result in denial.
- Failure to report criminal history while applying may result in denial regardless of the crime.
- 7. Occupancy Limits
- No more than 2 persons per bedroom, in accordance with local and federal guidelines.
- 8. Application Process
- Each adult (18 or older) must submit a separate application and pay a non-refundable application fee.
- Incomplete applications (e.g. not all adults have applied) will not be processed.
- Applications are processed in the order received.
- 9. Additional Factors
- Pets, smoking, and other lease conditions are property-specific and must be confirmed in advance.
- Guarantors may be accepted if requirements are not fully met, subject to approval.
- 10. Fees Required for Tenancy
- Tenants must show proof of insurance meeting our requirements or purchase insurance through Keyrenter Property Management.
- Tenants are required to pay for a $25 Resident Benefit Package. This package includes the following services for tenants:
- Credit reporting for monthly rent payments. Build your credit score by paying on time!
- One NSF fee can be reversed per calendar year.
- Free ACH online payments and access to thousands of payment locations.
- 24/7 Maintenance portal and hotline.
If you have questions about these criteria or need additional support, please contact Keyrenter directly.
Thank you for considering Keyrenter for your housing needs!
Frequently Asked Questions (FAQ)
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What if I don't meet the income requirement?
You may still qualify with a co-signer or guarantor who meets the income and credit requirements.
Why does Keyrenter have a 3X income requirement?
Keyrenter seeks to promote healthy financial decision-making and believes our role in the community is to provide safe and sustainable housing solutions for residents. We never want a tenant to be in a situation in which they are having to choose between paying rent and providing for themselves.
Do you accept housing vouchers or assistance programs?
Yes, Keyrenter complies with all applicable fair housing laws and accepts housing assistance where required.
Can I apply with a roommate?
Yes. Each adult applicant must complete a separate application. All incomes will be combined to determine eligibility.
What happens if my application is denied?
We will notify you of the reason for denial and provide instructions for requesting additional details or correcting errors. If an application is denied due to not meeting income requirements, we may provide other properties that are aligned with your income.
How long does the application process take?
Most applications are processed within 1–3 business days, depending on the responsiveness of references and employers.
Is the application fee refundable?
No. Application fees are non-refundable, however, they are transferable to other properties within our portfolio free of charge for 90 days after submission.