Rental Policy
We are an equal opportunity housing provider: We fully comply with the federal Fair Housing Act and the Arkansas Fair Housing Act. We do not discriminate against any person or persons because of race, color, religion, sex, handicap, familial status, or national origin. We also comply with all state and local fair housing laws.
Unit Availability Policy: Rental units become available when they are ready to rent. A vacant rental unit will not be deemed available until it has been inspected, cleaned, repaired, and prepared for showing. We update our list of available units as each unit becomes available. A unit that was unavailable in the morning may become available later that same day.
Occupancy Guidelines: To prevent overcrowding, parking problems, and undue stress on plumbing and other building components, we restrict the number of people who may reside in a rental unit. We allow two persons per bedroom for families with children. For example, a two-bedroom rental unit could house up to four people. Roommates (non-families) are allowed only one person per bedroom. These are general guidelines and may not apply to all properties and all situations.
Application process: Every applicant for rental will be evaluated in the following manner:
Application & Fee: Each applicant 18 years of age or older must submit a separate rental application, answer all questions completely, and pay a non-refundable $35.00 application fee.
Background & History: We will evaluate each application by investigating credit and rental history, obtaining a criminal background check, and verifying employment and rental references.
Income Verification: To verify your income, you will receive a secure link via text and email shortly after applying. Simply click the link to securely log into your bank. It will automatically and safely generate a summary report for, no scanning or uploading required! If you have a new job or other income, you may provide a copy of proof or email it to info@jonesboro4rent.com.
Approval & Timeline: If all applicants for a rental unit meet our criteria, the application(s) will be approved. We will alert applicants of their status in the order they are approved.
Expiration & Reapplying: Approved applications are valid for 90 days from the approval date. Applicants with a declined application must wait 90 days from the determination date before reapplying. If an applicant reapplies before this 90-day waiting period is over, the $35.00 application fee will be forfeited.
Rental Criteria
(1) Age Requirement: Applicants must be at least 21 years of age at the time the lease is signed. We will process applicants who are not yet 21 if the applicant’s 21st birthday is pending within a reasonable time.
(2) Income and employment: Your monthly income must be at least Three (3) times the monthly rent. You must be able to prove at least one year of employment immediately preceding the date of your application. Students will require a lease guarantor. Unemployed or self-employed must provide verifiable proof of income source.
(3) Rental History: You must have satisfactory rental references from at least two prior landlords. Applicants will be rejected for any unsatisfactory information obtained from previous landlords and prior evictions except in verifiable extreme circumstances.
(4) Credit: Your credit record must be currently satisfactory. We will obtain a credit report from a credit reporting agency. Applicants with a FICO credit score above 630 will be accepted, if otherwise qualified.
(5) Criminal Background Screening: We conduct a criminal background check on all applicants. Our assessment focuses on evaluating potential risks to the safety of residents and property. We consider the following factors:
- The nature and severity of the offense.
- The date of the offense.
- Any evidence of rehabilitation or mitigating circumstances.
- We do not deny applications solely based on arrests or pending charges. Certain serious felony convictions, particularly those involving violence or the manufacture/distribution of controlled substances, may result in denial.
- Applicants who are denied may submit additional information for reconsideration, including evidence of rehabilitation, to support their application.
Guarantors. Students who are unable to meet one or more of the above criteria may be able to qualify with a third party guarantor. The guarantor must pass the same application and screening process, except that the guarantor must have verifiable income of Five (5) times the monthly rent and a FICO score above 650. Students must provide satisfactory proof of current enrollment. Guarantors are NOT accepted for applicants with unacceptable credit, rental references, income, or unacceptable criminal history.
(This policy is subject to change without notice)