Rental Criteria For Residency
Apartments are not held, reserved or secured until a rental agreement or reservation deposit has been signed and payment has been made. We process applications very quickly and apartments rent fast.
Approval is based on credit score, background, and rental history.
Portland Properties Credit Score:
If an applicant has no credit rating, then we will require a co-signer along with the security deposit of one month’s rent.
Milwaukie Properties Credit Score:
800 and above Zero deposit
700-800 Half month’s rent deposit
630-699 One month’s rent deposit
600-629 Two months’ rent deposit or qualified co-signer and one month’s rent deposit
599 and below qualified co-signer and two months’ rent deposit.
*Monthly income must be verifiable and equal to 3 times stated rent.
*Must own their own home.
*No adverse rental history.
*Credit rating above 700.
*Must apply as financially responsible applicant and be approved and added to the lease as a co-signer.
Applicant income verification policy:
If the applicants source of income comes from employment outside the Portland Metro Area then iRentPDX will require one of the following forms of verifiable documentation including employers contact information.
- Job offer letter from the future employer on letterhead including dates of employment, location and pay rate.
- Work from home information from employer including dates.
- Transfer letter.
All Applicants must include documentation of verifiable income as well as photo ID, or they may be denied based on incompletion.