Qualification Criteria

Occupancy

The occupancy standard per home is two (2) persons per bedroom, plus one (1) - subject to local laws. Residents who exceed these occupancy standards during the lease term will be required, upon the end of the current lease term, to either: i. transfer into another available home with more bedrooms; or ii. move out.

Application

1. All adults, 18 years of age, or considered an adult under state law, are required to complete an application in its entirety.

2. By acknowledging the terms and conditions outlined in the Noam Residential qualification criteria, the Applicant confirms all information provided is true and accurate. Any falsification, fabrication, or untruthful response and or supporting documentation will result in an automatic denial.

3. Applicants are required, unless otherwise noted to pay a non-refundable application fee up to $70.00 to authorize a background check and any additional qualification actions needed.

4. Upon full Applicant approval, Leases are required to be signed and security deposit received by Noam Residential within 24 hours. In the event Lease is not signed or deposit not received within the 24-hour time frame Noam Residential may elect to cancel the application, move on to another applicant and or place the home back on the market.

5. All Applicants are required to provide valid identification. Non-US citizens may be required to present documentation supporting the individual’s right to live in the United States through the duration of the lease term.

6. Approved applications are valid for thirty (30) days, after that time period, all Applicants must provide written consent for additional screening, credit checks, income verification, and re-qualification.

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Qualification Criteria

Any application that provides falsified or incorrect information may be subject to automatic disqualification. If an Applicant falsifies their application or supporting documentation, Noam Residential reserves the right to hold all deposits and fees paid as liquidated damages.

Age

All persons 18 years of age occupying the property are required to complete an application.
All persons occupying the property must be identified in the application; this includes all minors under the age of 18.

Credit

Credit history and or Civil Court Records must not contain slow pays, judgments, eviction filing, collections, liens or bankruptcy within the past 7 years.

Security Deposit

Approved applicants intending to move forward with a lease are subject to paying a security deposit.
Security deposits may vary depending on the market.

Income

Applicants must have a combined gross income of at least three times the monthly rent. We reserve the right to require a co-signer. Applications from other applicants will be accepted until an application is approved.
If a household has more than three (3) Applicants, Landlord will use only the 3 highest qualified incomes in calculating the combined household income.
All sources of income must be verifiable and are needed to qualify for a rental unit. Self employed applicants may be required to produce upon request 2 years of tax returns and bank statements and non-employed individuals must have verifiable proof of income. Any additional costs or fees by an applicant's employer to verify employment or income must be paid by the applicant. Any falsified documents will result in a denial.
Additional Income Sources: Social Security Benefits, Child Support, Alimony, Disability, Retirement, Pensions, VA Benefits and Bank Statements (complete) are accepted. Items containing redacted or otherwise altered information are subject to additional verification
Job Transfer/New Role: Applicants with an offer of employment or transfer of role from their existing employer are required to provide an Offer Letter or Transfer Letter on employer letterhead confirming terms of compensation and start date. The letter should be signed and dated by the offeror.
Proof of income being made in the state you are wishing to rent a home is required. Examples include but are not limited to the state taxes shown on your pay statements, an offer letter or transfer letter confirming your are beginning a new role in that state, or proof that you are a remote employee.
Applicants that provide any false, counterfeit, or other fake documentation are subject to denial, even if discovered after approval.

Rental History

A minimum of two years residential rental history is required with no interruptions. Previous rental history reports from Landlords/Property Managers must reflect timely payment, sufficient notice of intent to vacate, no complaints regarding noise, disturbances or illegal activities, no unpaid NSF checks, and no damage to unit or failure to leave the property clean and without damage at time of lease termination.
Prior Evictions, filed or enforced within the last 7 years may result in an automatic denial of the application.
Any outstanding debt or judgment owed to any prior landlord may result in a denial.
Noam Residential may request rental verification, if rental history cannot be verified.

Criminal History

Criminal background records will be checked for charges or convictions involving misdemeanors or felonies for crimes involving violence, assault/battery, or firearms or sexual offenses. In the event a record comes back "adjudication withheld", “nolle prosse”, or “adjudication deferred”, further documentation may be required and applicant may be denied on this basis. Please note that these issues will be reviewed on a case per case basis.

Pets

Pets, of any kind, must be listed on the application. Pets are only permitted with specific written permission from Landlord in the lease document or an addendum to lease. A refundable Pet Deposit of $300 per pet will be required if pets are accepted. Dobermans, Chows, Huskies, German Shepherds, Alaskan Malamutes, Great Danes, St. Bernards, Mastiffs, Rottweilers, American Staffordshire Terriers, Pit Bull Terriers, American Bulldogs, Staffordshire Bull Terriers, Akitas, Wolf Breeds or mixes, or any other pure bred or mixed breed dog that is a combination of these dogs or mixed breeds including any of the above mentioned will not be approved due to Homeowners Insurance Regulations. Some property owners have Insurance Policies that prohibit any and all pets. Additional Pet/Renters Insurance may be required as a condition of application acceptance. Please attach a photo of your pet(s) to your application. Failure to do so could cause delays in the processing of your application.

Vehicles

No more than four (4) vehicles are permitted on the property.
Vehicles must be operational and have current and valid registration based upon state law.
Additional HOA restrictions may apply to number of vehicles, commercial vehicles and allowed parking locations. If your home is contained in an HOA review the HOA’s restrictive covenants for more information regarding vehicle guideline.
Major vehicle repairs are not allowed on the property.

Renters Insurance

Residents are required to maintain rental insurance in an amount no less than $100,000 for Property Loss and Personal Liability Insurance coverage through the duration of the lease. In addition, Noam Residential requires "Noam LLC dba Noam Residential" to be named as a "Party of Interest" or "Interested Party" (or similar language as may be applicable based upon the insurance company) on the renter’s liability insurance policy. Proof of this coverage is required at lease renewal or time of possession. Waterbeds will only be allowed with proof of fully paid insurance for the term of the lease.
If you fail to maintain Renters Insurance, you will be charged a monthly non-compliance fee which is NOT a substitute for Renters Insurance.

Homeowner’s Association (HOA)

The property you're applying for may be maintained by an HOA. It is the residents responsibility to abide by the rules and regulations set by the HOA. If Noam Residential received noticed that a resident has violated an HOA rule(s), the resident you will be asked to rectify within a reasonable amount of time, if not Noam Residential will rectify and the resident will be responsible to reimburse Noam Residential for any costs to rectify and associated fines with the HOA violation.
HOA dues are covered by Noam Residential. but if you choose a home located in an HOA, you are responsible for ensuring compliance with all HOA rules and regulations.
Please contact your Property Manager with all HOA needs and to request a copy of HOA rules and regulations to ensure you maintain compliance.

‍Application Does Not Create a Lease

Submitting an application, even if accepted, shall under no circumstances be considered a lease agreement between Applicant and Noam Residential, nor an offer to lease, and does not create a landlord/tenant relationship. No lease shall exist between an Applicant and Noam Residential unless and until the parties enter a fully executed Lease Agreement conditioned on the Applicant paying all required fees, security deposits, and rent.

Delay of Possession By Landlord

If Landlord is unable to deliver Possession of the Property within ten (10) days after the Start Date, Resident may terminate this Lease by giving written notice to Landlord before the Property is made available for occupancy by Resident, and Landlord will refund the Security Deposit and any Rent paid. Landlord may cancel this lease agreement at any time prior to Resident taking Possession ("Cancellation"). Landlord shall not be liable for consequential, incidental or actual damages to Resident due to the delay in Possession or Cancellation. Notwithstanding the foregoing, Resident shall not have the right to terminate this Lease because of delays not impacting the habitability of the Property, including but not limited to, cleaning or make-ready work, and cosmetic defects.

Resident’s Refusal to take Possession

If Resident refuses to take Possession of the Property after being made available by Landlord, Landlord’s obligations under the Lease cease and Landlord shall retain Resident’s security deposit, application fee, pre-paid rent, lost rent damages, or any other fee contained herein, as well as, all other monies collected by Landlord. Landlord’s acceptance of any monies does not waive Landlord’s right to exercise other remedies available per the Lease or state and local law.