Tyson PM Application Qualification Criteria

Thank you for choosing Tyson Property Management to help you find your new home.  We want the application process to be quick and easy for you.  Please note, that we conduct a thorough background, credit and criminal check on all applicants.  Below you will find a list of items that you will need to submit with your application and some tips to prevent any delays in the processing.  The quicker we get this information, the faster we can provide you with an answer.

To complete an application for processing, we must have the following for all adults over the age of 18 that will be occupying the home:

1. Online Application - you can fill in the online application by clicking on the 'Apply' button on the listing that you are interested in
2. Driver's license or State issued ID (can be uploaded within the online application or emailed to leasing@tysonprop.com)
3. Social Security Card, Passport or Birth Certificate (can be uploaded within the online application or emailed to leasing@tysonprop.com)
4. Non-Refundable Application Fee of $55 per adult - there will be a link to pay this at the end of the online application to pay this. Please note: The Application Fees are non-refundable, as soon as you submit your application, the application fee is immediately applied and cannot be refunded.  If your application is approved and we process a lease, there will be a $55 new lease processing fee.
5. Proof of Income (can be uploaded within the online application or emailed to leasing@tysonprop.com) Acceptable forms of income include your most recent two month's worth of pay stubs, an Offer of Employment Letter, two most previous tax returns (if self-employed), social security earnings statements, child support documentation, housing voucher. All submitted forms of income must be verifiable from the issuing party.
6. Active PetScreening Profile: We require EVERYONE to complete a third-party screening and review process at tysonproperties.petscreening.com. This ensures that all applicants have reviewed and understood our animal policy and any Applicants with animals are able to submit their documentation for review and approval through this third-party site.  Additional third-party fees may apply, and these are separate from any application fees paid to Tyson PM. There is a $250 -$500 per pet fee required to be paid in full prior to occupancy and an additional $25 - $50 pet rent per pet charged monthly. Any and all pet fees paid are for the consideration of the pet(s) ability to occupy the property for the duration of the lease.  No amount of the pet fees paid are to be considered a deposit by the Tenant and no portion of the pet fees will be refunded or applied to the reduction of any pet damages present at the time of move-out.  Please note, profiles for service animals or emotional support animals require additional review and can take a few days to process depending on the availability of the requested documentation.

Qualification Requirements

1. INCOME: We require a minimum income level of 3 times the monthly rental amount.  If one applicant does not meet this income requirement, we can combine the income of 2 or more applicants as long as each applicant can provide proof of income of at least 2 times the monthly rental rate.
2. CREDIT: We require an above 500 credit score and that all accounts are in good standing.
3. RENTAL HISTORY: We require good standing rental history for the past two years.  We cannot accept rental references from friends and/or family.  If you have owned your own home for the past two years, we will require that your mortgage be in good standing in order to qualify.
4. CRIMINAL BACKGROUND:  We will run a national criminal background check on all applicants and all applications will be checked through the national Sex Offender and OFAC/Terrorist database.

We screen each application immediately upon submission. If your application passes our pre-screening qualification criteria and the property you are applying for is still available, you will be sent an invitation to submit a deposit equal to one month's rent within 24 hours of approval, which will serve to hold the home off the market while we complete the application process. If your application is approved, you will be required to sign a lease within 3 days of approval. If you fail to sign the lease within the 3-day time period, half of the deposit will be forfeited to reimburse the owner for lost rents. If you do not submit the deposit, we will continue to accept applications on the property and any other qualified applicants will also be given the opportunity to submit a deposit to hold the property for themselves.

The Tyson Property Management Resident Benefits Package (RBP) delivers savings and convenient, professional services that make taking care of your home second nature. By applying, Applicant agrees to be enrolled and to pay the applicable cost of $51.95/month, payable with rent. Your RBP may include, subject to property mechanicals or other limitations:

• HVAC air filter delivery directly to your door approximately every 90 days for HVAC properties and monthly during the fall/winter months for swamp cooler properties.
• Liability Insurance that meets all lease requirements from an A-rated carrier
• Move-in concierge service that includes a one call set up your utility services, cable, and internet services
• A resident rewards program that helps you earn rewards for paying your rent on time
• Credit building to help boost your credit score with timely rent payments
• $1M Identity Fraud Protection for all adult leaseholders
• Online portal that includes access to your account, documents, communication and payment options
• Free online rent payments that will save you $2.49 to 2.99% per transaction in online payment processing fees
• 24/7 online maintenance reporting
• Vetted vendor network: we find the technicians who are reputable, licensed, and insured
• One-time late fee forgiveness
• Home buying assistance for when the time is right to buy your “forever” home

Liability Insurance Requirements and Options: The Landlord requires Tenant to obtain liability coverage of at least $100,000 in property damage and personal liability from an A- rated carrier and to maintain such coverage throughout the entire term of the lease agreement. Tenant is required to furnish Landlord evidence of the required insurance prior to occupancy, at the time of each lease renewal period, and upon request. To satisfy the insurance requirement, Tenant may either (1) be automatically enrolled into the Landlord or Property Manager’s Master Policy that satisfies the coverage requirements as part of the RBP; or (2) obtain alternative liability coverage from an insurer of Tenant’s choice that meets the requirements set by the Landlord herein. The option Tenant chooses shall not affect whether Tenant’s lease application is approved or the terms of Tenant’s Lease. Tenant’s election shall be determined by the actions of the Tenant as provided below:

• Option 1: Master Policy (Automatic Enrollment) – If the Tenant does not provide evidence of the required insurance coverage by the Lease commencement date, Tenant has elected to be automatically enrolled into an insurance policy as part of the RBP. Coverage will begin on the effective date of Tenant’s lease and continue throughout the term of the Lease. The monthly premium for the elected insurance policy is $11.95. Please refer to the evidence of insurance that is supplied by the insurance carrier for additional coverage details.

• Option 2: Tenant Policy (Policy Verification Required) - Tenant has elected to find, purchase, and maintain Tenant’s policy that satisfies the Owner’s coverage requirements. Tenant must provide evidence of the required insurance coverage by the Lease commencement date. The RBP Fee will be adjusted accordingly. Visit http://insurance.residentforms.com/ and follow the instructions listed there to provide evidence of the required insurance coverage.

Please be sure that your policy meets the following criteria prior to submitting:

• Policy is purchased from an A- rated carrier
• Policy meets or exceeds the required $100,000 in property damage and personal liability
• Tyson Properties is listed as additional interest
• Tyson Properties address is listed as: PO Box 660121 Dallas, TX 75266

It is Tenant’s sole responsibility to timely pay premiums directly to the Tenant’s insurance provider to avoid cancellation of coverage. If the policy is canceled or lapses at any time during the term of the Lease, Tenant shall be subject to a lease violation fee of $25 and agrees to be subsequently enrolled into the policy referenced in Option 1 above.

NOTE: The total monthly cost of the Resident Benefits Package is all-inclusive, and no discounts will be given if any element of the package is unavailable due to a lack of HVAC or another limitation at a specific property. All services are subject to the terms and conditions of the Resident Benefits Package Lease Addendum

Per HUD Safety Guidelines, occupancy should not exceed more than 2 persons per bedroom.

Fair Housing Provider

Tyson PM is committed to compliance with all federal, state, and local fair housing laws.  Tyson PM will not discriminate against any person because of race, color, religion, national origin, sex, familial status, disability, or any other specific classes protected by applicable laws. Tyson PM will allow any reasonable accommodation or reasonable modification based upon a disability-related need. The person requesting any reasonable modification may be responsible for the related expenses.

Reasons for Automatic Denial of an Application:

• Eviction or skip history within the past three years
• Negative reports from previous landlords
• Open Bankruptcy
• Registered Sex Offender
• Convictions or admissions of guilt for any violent or sexual crimes, regardless of conviction date
• Felony convictions or admissions of guilt in the past seven years
• Multiple misdemeanor convictions or admissions of guilt in the past seven years
• Unpaid judgements or tax liens
• Lack of Proof Income of minimum three times the rent (or four times combined for two or more applicants)
• Smoker: There will be NO smoking or vaping of any kind allowed in or on any of our rental properties.
• Growing of Medical Cannabis is not allowed in or on any of our rental properties.
• Restricted Pets: Dobermans, Pit Bulls, Chowchows, Akitas, Rottweilers, Siberian Huskies, Malamutes, Presa Canarios, Wolf-hybrids, German Shepherds, American Stafforshire Terriers, Mastiffs, St Bernards, Great Danes, Karelian Bear Dogs, Dingos or any dog(s) cross bred with the aforementioned dogs. Additional restrictions include reptiles, rodents, insects, exotic or poisonous animals or other animals as restricted by city ordinances

Please do not proceed with completing and submitting an application unless you have read and agree to these instructions. All application fees are NON-REFUNDABLE. If you proceed with submitting your application, your application fees are immediately applied and cannot be refunded, even if the property that you are applying for has already been reserved by another applicant. If the property you are interested in is already taken, you can transfer your application to another of our available properties for up to 60 days.

Please read our Broker Duties Disclosure below.  This disclosure form will need to be signed and uploaded with your application or emailed to leasing@tysonprop.com.

If you would like a Quick Move-In, less than 72 hours, please read our Quick Move-In Policy and Addendum.  This addendum will need to be signed and uploaded with your application or emailed to leasing@tysonprop.com.

If you are applying for a home that was built prior to 1978, please make sure to read the 'Protect Your Family from Lead Based Paint' Pamphlet below and to sign the Pre-Application Disclosure prior to completing the application.  The disclosure form will need to be uploaded with your application or emailed to leasing@tysonprop.com

---

Broker Duties Disclosure

Please read this disclosure of our Broker Duties prior to submitting an application.

Resident Benefits Package

Please read more information about our Resident Benefits Package.

Quick Move-In Addendum

If you are requesting a move-in date within 72 hours, please read this quick move-in addendum, which you will be required to sign at lease signing.

Protect Your Family From Lead Based Paint Pamphlet

For homes built prior to 1978, please download and read this information pamphlet.

Sample Pre-Application LBP Disclosure Form

For homes built prior to 1978, please review this disclosure form, which you will be required to sign during the application process.

Proteja a su familia contra el plomo en el hogar

Para las casas construidas antes de 1978 , por favor, descargar y leer este folleto informativo