Rental Application Processing Guidelines
for
Vision Realty in the Mena Arkansas Trade Area
 


Vision Realty verifies every adult applicant's credit references, employment, income and rental history.
Please review the following prior to completing your application to rent a property managed by Vision Realty.
 

Agency Representation
In all cases Vision Realty is representing the owner of the property.  Vision Realty has a Property Management Agreement in effect on their rental properties.  The firm is guided by this document in renting/leasing the property to an potential renter/lessee.   You will be required to sign an Agency Representation Disclosure form as a part of the application and leasing process.
 
Privacy Policy
The information supplied in the Rental Application is used in evaluating you as a prospective tenant (renter).  Your information will not be given or sold to any outside party without your consent.  We are committed to protecting your privacy.
 
Applicants
All adult applicants that will be occupying a rental property must complete an application.  If the adults are married then they may complete one application.  If the adults occupying the property are single, then they must complete individual applications.
 
Minors Living with Adults
Minor children of parent(s) must be listed by name and age.  Minors may not live with single adults unless they are their legal guardians.  Proof of guardianship must be presented when making application.
 
Social Security Numbers and Drivers License
Each adult applicant must furnish a copy of their Social Security Card and their Drivers License when making application to verify proof of identity.
 
Employment and Income
Applicants must have verifiable monthly income from an employer, non-employment (social security, disability, and retirement funds, etc.) equal to or greater than four times their monthly rental rate.
 
Rental History
Applicants must have a history of satisfactory rent payments and occupancy with all previous landlords.  Sufficient notice to vacate must have been given previous landlords.  You need not apply if you have been evicted or have been delinquent in paying your previous landlords.  You need not apply if you have damaged or left a previous rental in a state of disrepair.
 
Credit References
Vision Realty will pull an in-file credit report on each adult applicant.  The cost for a single applicant is $10.00.  The cost for married couples is $16.00.  The cost of your credit report must be attached to your application.

Applicants must have acceptable credit reports.  Ratings of I-1 and I-2 (Installment Sales) and R-1 and R-2 (Revolving Sales) are acceptable credit for renting.  Credit ratings with higher numbers will be carefully reviewed.  Vision Realty may allow for medical credit ratings that are higher than a 2.  Explanations of medical problems should be explained on the back of your application.

A bankruptcy followed by good credit established after filing may be considered.

Voluntary Repossessions may be considered.  Please attach a written explanation to your application.
 

Approval of Application
All applications, including verification of credit, employment, income, and rental history must be submitted to and approved by the managing agent at Vision Realty with final approval by the Principal Broker or Executive Broker of Vision Realty.
 
Credit Ratings
"0's" are considered to new to rate and are not necessarily good or bad credit ratings.
"1's" are considered to be good credit.
"2's" are considered to be questionable credit.  This usually indicates that a payment has been late over 30 days.
"3's" and up are considered to be bad credit.
 
Application (Word)
Applications are available in Acrobat Reader PDF Format.  If you do not have Acrobat Reader installed on your computer, you may obtain a free software download of this program at the following link:  Get Acrobat Reader

Please mail or bring your completed Rental Application to Vision Realty, 500 Mena Street, Mena, AR 71953.

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Vision Realty truly wants your home buying experience to be pleasurable.
We also want you to let us help you with any unanswered questions you may have. 

You may want to visit our Buyer and Seller Guide for Buying and Selling assistance.

Remember, it's the biggest decision of your life and we're here to help you!

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All listings or advertisements for the sale or rental of dwellings published in this directory are subject to the Federal Fair Housing Act, which makes it unlawful to make or publish any such advertisement that indicates race, color religion, sex, national origin, handicap, or familial status, or an intention to make any such preference, limitation, or discrimination.  VisionMena.com will not knowingly accept any advertising for the sale or rental of a dwelling which indicates any preferences, limitation, or discrimination.

This Community Web Site, www.VisionMena.com has been brought to you by
Vision Realty in Mena Arkansas, REALTORS®
500 Mena Street, P O Box 192, Mena, AR 71953
479-394-1111 ~ Fax:  479-394-0003 ~ Copyright 2001 through 2015
07/16/15 07:28 PM

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