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ISRACAPPROPERTY MANAGEMENT

Rental criteria

These are the standards we use to review every application. They are applied the same way to every applicant. Meeting them does not guarantee approval, and an application is approved only when you receive written approval from our office.

Who applies

  • Every adult aged 18 or older who will live in the home completes an application and pays the application fee.
  • Each adult provides a valid government-issued photo ID.
  • The application fee is $60 per adult and is not refundable once screening has started.

Income

  • Combined household income of at least 2.5 times the monthly rent.
  • Proof of income: pay stubs covering the most recent 3 months.
  • If you are not paid by pay stub, we accept other proof of lawful income, such as benefit or award letters, a signed job offer letter, bank statements or tax returns.
  • Housing vouchers are considered home by home. Whether a voucher can be used depends on the home itself: its rent, the program’s inspection and the program’s requirements. It does not depend on who is applying. Listings that already accept vouchers say so, and you can ask our office about any other home. With a voucher, the income requirement applies to the part of the rent you pay yourself.

Credit

  • We run a credit report for each adult applicant.
  • Low credit does not automatically disqualify you. We may approve the application with additional requirements (see below).

Rental history

  • We contact current and previous landlords to confirm rent payments and lease compliance.
  • A past eviction does not automatically disqualify you. We may approve the application with additional requirements (see below).
  • Money still owed to a previous landlord may need to be paid, or be on a payment plan, before approval.

Criminal history

  • We run a background check for each adult applicant.
  • We do not consider arrests that did not lead to a conviction.
  • Felony convictions within the past 7 years, and convictions for violent offenses, may result in denial. Each one is reviewed individually, taking into account what the offense was, how long ago it happened and what has happened since.
  • An applicant who is subject to lifetime registration as a sex offender will be denied.

Security deposit

The standard security deposit is equal to one month of rent. It may be higher under the additional requirements below.

Additional requirements

When an application has low credit, a past eviction or limited rental history, we may approve it on the condition of a higher security deposit or additional months of rent paid in advance. We will tell you the exact amount in writing before you sign a lease.

Pets and assistance animals

  • Pets are welcome in most homes. Some dog breeds are not accepted. The restricted breed list is set by our insurance company and can change, so please ask our office about your pet before you apply.
  • A pet fee applies and will be listed in your lease.
  • Service animals and other assistance animals for people with disabilities are not pets. Breed limits and pet charges do not apply to them.

Occupancy

As a general rule, no more than two people per bedroom.

Accuracy

False, incomplete or unverifiable information on an application is grounds for denial, or for ending a lease if it is discovered later.

Holding a home

Applications are reviewed in the order complete applications are received. A home is held only after the application is approved, you sign our holding deposit agreement and you pay the holding deposit. The holding deposit reserves the home for you for up to 30 days. We may keep advertising and showing the home during that time, but we will not rent it to anyone else. If you decide not to move in, or do not move in within 30 days, the holding deposit is not refunded, up to one month of rent, and we may rent the home to someone else. If we cannot deliver the home within that time, it is refunded in full. When you move in, the holding deposit becomes your security deposit under your lease.

Our decision

IsraCap Property Management reserves the right to deny any application that does not meet these criteria, to ask for further documents before deciding, and to change these criteria at any time for future applicants. Approval decisions are made at our discretion to the extent the law allows, and we are not required to explain a decision beyond the written notices the law requires.

If your application is denied

If we deny an application, or approve it with additional requirements, because of information in a credit or background report, we will send you a written notice with the name of the screening company and how to get a free copy of your report and dispute errors.

Fair housing

IsraCap Property Management is an equal housing opportunity provider. We do not discriminate on the basis of race, color, religion, sex, national origin, disability, familial status, or any other characteristic protected by federal, Kentucky or Louisville Metro law. Applicants with disabilities may ask for a reasonable accommodation at any point in the application. See our Fair housing and accessibility page.