Rental Requirements

How do I know if I qualify for a property?

We do our best to ensure that your rental process is as smooth as possible: In our commitment to providing transparent services, we share all pre-approval qualifications and requirements for renting a home, before you submit an application.

If you’re tired of unexpected fees and automatic denials from other agencies, you’ve come to the right place. Review our guidelines below or talk to a Leasing Angel today to find out if you qualify!

 » Each person age 18 and over who will reside in the home/apartment must complete a rental application.  The application fee ranges from $35 – $75 per applicant (depending on the referred property network) and is non-refundable, as this fee goes toward processing all client background and credit checks.

Standard Rental Qualifications To qualify for a rental property, the following conditions apply:

  • Minimum credit score of 550
  • No prior evictions or bankruptcies
  • Income must be at least 3x the rent (or will require a co-signer)
  • Must be employed at least 6 months (If less, may require up to 6 months worth of bank statements)
  • Consent to review of previous criminal & court records
  • Consent to review of current/previous rental & employment history

Additional Second Chance Qualifications To qualify for a second chance property, the following conditions apply:

  • Minimum credit score of 500  –  If lower, applications may be accepted with a co-signer
  • No prior evictions or bankruptcies within the last 3 years  –  If more recent, applications may be accepted with a co-signer

*Co-signer(s) must meet all of the standard rental qualifications above. 

Application Requirements & Documentation The following items will be requested to apply for any property:

  • Photo/copy of your valid ID (ex. drivers license)
  • Photo/copy of your social security card
  • 3 most recent pay stubs
  • Photo/copy of any additional income (ex. social security, disability, etc.)
  • 1 recent MLGW or alternative utility bill
  • Contact number and/or email for current employer
  • Contact number and/or email for current landlord

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Leasing Angels, Inc., located at 5885 Ridgeway Center Pkwy, Suite 108 Memphis, TN 38120, 901-794-4702 , is a duly licensed real estate company, with a license in good standing in the state of Tennessee.
Broker Name: Tonya Mosley; Company Name: Leasing Angels, Inc. Company ID or License No. 263455