Is there an Application Fee?
Yes. Once you have found your home, a $60.00 non-refundable fee is required on each application. Your application fee covers 2 people and helps with the administrative costs of processing your application, costs of credit reports, and more. We understand in today’s economy it is hard so to help not ding your score we offer: you run your own credit, turn in with the application for a discounted rate of $45. Report must be less than 2 weeks old.
What does it take to qualify?
We are happy and pleased you are considering a Oaktown Home. We are very proud of our homes and believe you will be too. Our requirement standards for qualifying to rent a home are simple and fair.
They Are:
Be employed or furnish acceptable proof of income.
Good references, copies of leases & payment history from landlords (not relatives) along with being clean & responsible.
A favorable 620+ credit history
Cannot owe previous landlords back rent or damages or owe a utility company.
Occupant limits of 2 persons per bedroom.
An eviction within 2 years is a disqualification.
Bad Credit will NOT prevent You from Qualifying for a Oaktown Home.
Compensating factors to qualify can be:
- additional deposit
- pre-paid rent
- last month's rent
for the purpose of helping applicants qualify who do not meet the initial qualifying standards.
Do you require a minimum credit score?
We do not require a specific credit score, however 620 and above is a plus, we will verify your history so we do place a high value on your rental history and income. A last month's rent will be required if you have an eviction, repossession, foreclosure, or bankruptcy. If you have an eviction in the past 2 years, YOU WILL NOT QUALIFY!
How Long Does It Take To Process My Application?
It generally takes 48-96 hours to process an application.
HOMES labeled as "READY NOW"
- take priority over "expected available" soon.
- We try to complete your application within 48-96 hours on business days.
- Sometimes processing takes longer due to items beyond our control.
- Such things as verifying your rental history sometimes requires written or faxed requests and former Landlords do not always make You their top priority; however, we are successful at processing your application within 24-48hrs in most cases.
IMPORTANT: Once approved, You have 24hrs to properly complete your rental agreement or Oaktown may move to the next application for this property. We apologize for this 24 hour rule; but, this prevents more problems than it causes.
For example, imagine you want the home on 123 Main Street and you learned an approved applicant is in front of you. You know they have 24 hours from the time they are approved before they disqualify their own application for not showing up, and now you can rent the home you wanted.
How long would you want to wait?
Do You Allow Animals?
Animals May Be Allowed!
Safe and legal animals that do not damage or reduce value of property may be allowed with a monthly animal pet rent.
THE MONTHLY PET RENT IS $25.00
As noted recently in the national news, a jury convicted a couple of manslaughter from the actions of their animals they referred to as "pets".
Locally, a child was killed by animals contained in a 6 foot tall fenced yard. There is a major community push to protect people, especially children, from potentially dangerous animals.
Insurance Companies are taking very aggressive action because of these concerns involving dangerous animal. Many insurance companies are canceling policies WITHOUT NOTICE upon discovery of certain animals.
Some insurance companies use a list of dangerous animals compiled by the National Center for Disease Control in Atlanta, Georgia. If your animal is on the list, it could pose problems in the near future.
Our animal policy is subject to change without notice as a result of changes from our insurance carriers.
Animals must be:
- safe
- allowed by all local laws, regulations, etc.
- not pose a threat, hazard, or nuisance to others or property
- allowed by insurance company