Rental Qualification Requirements
Please review the list of requirements below before applying for a lease with Sparrow.
Income – Applicants must have a minimum combined household gross income of 3.0 times the monthly rent. To verify income, we require acceptable income documentation (summarized below) and may request additional supporting documentation.
Credit – A credit history will be completed on all applicants to verify credit worthiness. Income plus verification of credit history will be considered to determine rental eligibility and security deposit levels. Late payments, collections and charge-offs will be negatively scored. Open bankruptcies, eviction or collection actions or judgments will result in an automatic denial.
Criminal History – A criminal background check will be completed for each Applicant and Occupant age 18 years or older. The rental application will be denied for certain felony convictions up to ten (10) years prior to the application date, or any felony conviction for sex and terrorism related offenses regardless of time.
Rental History – Prior rental history will be verified. Rental applications will be automatically denied for current outstanding debt/civil judgment or eviction within the last five (5) years.
Acceptable Income Documentation
Please ensure you have the following forms of acceptable income documentation available to upload with your application. For more detail on the requirements, please review the complete list of Rental Qualification and Income Requirements
- If employed (hourly or salaried), please provide paystub that is current and consecutive for prior 30 days.
- If employed (commission), please provide three (3) paystubs that are current and consecutive.
- If self-employed, please provide six (6) months of personal bank statements and most current year’s tax return.