Tenant & Applicant FAQs for Property Management in Las Vegas

While we appreciate any information you may provide about yourself, INNOVA REALTY DOES NOT PRE-SCREEN APPLICANTS. Read our General Qualifications below carefully and thoroughly before applying. Once your complete rental application is received, we will attempt to obtain a consumer report for each applicant and we will verify the information you provided through our different sources. Only consumer reports generated by Innova Realty & Management will be considered during our screening process, no exceptions. Submitting an application without the information/documentation required will affect the outcome of your application. Innova Realty & Management accepts and process multiple applications at the same time, unless otherwise stated on the rental listing. GENERAL QUALIFICATIONS FOR RENTAL APPLICATIONS: SCREENING REPORT AND CREDIT HISTORY: Innova Realty will attempt to obtain your consumer report. Your report should show:

1. Satisfactory credit profile/history such as no late payments, no "write-offs" "charged-off" accounts, no collection accounts.

2. Foreclosure or Short Sale are reviewed on a case-by-case basis.

3. No rent judgments, evictions or any derogatory accounts relating housing.

4. Bankruptcy is OK as long as it has been discharged and credit has met the above requirements since.

5. Minimum FICO score is 650. Innova does not average FICO scores when groups apply for any of our properties.

In addition to the previous, your ratio balance to limit will be reviewed. Scenarios that do not comply with the requirements listed above, any or all, may be subject to an increased deposit or denial of your application.

WORK HISTORY AND INCOME VERIFICATION:

1. Minimum of 12 months of steady work history from unbiased source.

2. Income (gross) must be at least three times the monthly rental amount. No exceptions.

3. Verifiable source of income within the jurisdiction of the rental property is required in the form of:

- If you are an employee: you MUST present at least two months, most recent ones, of payroll pay stubs from your current employer. - If you are self-employed or independent contractor: you MUST present last two years of personal tax returns AND documentation that supports income is still ongoing for current year.

4. If you are RELOCATING from another state or have been offered a new job: you MUST present either a transfer letter or offer letter from employer. The letter must be on company letterhead, indicate your full name, income, and location of employment which must be within the jurisdiction of the rental property.

5. If you are RELOCATING from another state and will continue working for current employer but REMOTELY, in addition to your paystubs, you MUST present a letter from your employer (letterhead) indicating that your relocation will not affect the continuity of your income.

6. Bank statements alone ARE NOT considered verifiable source of income.

RENTAL / RESIDENCE HISTORY:

1. You must present verifiable rental/residence history for the last 5 years.

2. Rent judgments, evictions, or derogatory accounts relating housing ARE NOT accepted.

3. A satisfactory Verification of Residence from unbiased source is required. Your current and/or previous landlord will be contacted. You are responsible for providing your Landlord's valid contact information: full name, e-mail, and phone number. You may be required to produce a minimum of three months of rent receipts or canceled checks.

4. An unsatisfactory, unverifiable or biased Rental/Residence History will affect the outcome of your application.

SECURITY DEPOSITS: Listed below are the deposits required PRIOR to moving in:

1. Depending on approval terms, a minimum of one month rent for security deposit or higher.

2. Landlord may offer an opportunity to applicants with FICO score lower than 650, in which case will be subject to contingencies such as higher Security Deposit.

3. Pet Deposit per pet, if applicable. Pet Deposit amount, and other pet related fees, may vary depending on the property, check rental listing information for details.

4. Cleaning Deposit, varies from property to property. Please, check rental listing information.

PET/ANIMAL OCCUPANCY AND PET SCREENING POLICY:

1. Pet occupancy restrictions vary from property to property. All our listings include a disclosure regarding Pet Restrictions. Check our rental listing Pet Restrictions section of the property you are interested in before applying.

2. If approved, only the pets/animals part of your rental application will be authorized to occupy the property.

3. Our Pet Policy requires that all applicants complete their PetScreening profile. If you DO NOT have a pet/animal you STILL have to complete your Pet Screening profile as "No Pet or Animals" which will be free of charge to you.

4. Innova Realty uses a third-party platform for pet screening, exclusively, which offers a friendly and secure environment for your and your pet’s/animal's information.

5. Any fees that you may have paid to PetScreening in order to submit your pet/animal profile, as required, will not be refunded by Innova Realty regardless of the outcome of your application.

6. Begin your PetScreening profile by going online to https://innova-pm.petscreening.com.

7. A complete PetScreening Profile is part of the rental application, REQUIRED. If your PetScreening

Profile is not received your rental application will be considered incomplete and will affect the outcome of the same.

ADDITIONAL FEES:

1. One-time $150.00 Tenant Administration Fee (non-refundable), to be paid prior to move in.

2. One-time Re-Key Fee $125.00 (non-refundable), to be paid prior to move-in.

3. Monthly $50.00 Resident Benefit Package (non-refundable). Among other benefits includes HVAC filters delivered to tenant.

PROPERTY SHOWING:

1. Applicant MUST see the property, interior and exterior, REQUIRED. No exceptions.

2. A Real Estate Agent MUST show you the property. You may contact any Real Estate Agent of your choice to schedule the showing at your own leisure. You will be required to provide your Real Estate Agent's contact information: full name, phone number, and company name at the time of submitting your application.

3. Applying without seeing the property will delay our process and may affect the outcome of your application.

OCCUPANCY:

1. Property occupancy is subject to local law regulations and guidelines.

2. If approved, only the persons on the rental application, including dependents, will be authorized to occupy the property. Make sure you include all persons who intend to live in the property on your application.

3. All 18 years-old and above MUST submit a separate rental application and submit their non-refundable Application Fee. No exceptions.

CO-SIGNERS:

1. Owner of the property reserves the right to accept a co-signer.

2. Co-signers must meet all of the above criteria, submit their own and separate rental application, pay their own non-refundable rental application fee, and submit all documents indicated above to be considered acceptable.

3. Only one co-signer per home is acceptable.

4. An applicant's friend may not serve as co-signer.

5. If approved, the co-signer will be included on the Lease Agreement as a co-lessee and will be considered financially responsible party throughout the lease term but not authorized to occupy the property.

6. If approved, a higher Security Deposit WILL apply for applicants with a co-signer. The amount to be determined upon application results.

ROOMMATES:

1. Two or more non-related adults who intend to occupy the property will be considered as roommates.

2. If approved, a higher Security Deposit WILL apply for roommates. The amount to be determined upon application results. In case you need to submit additional information or documentation AFTER you submitted your Rental Application you may email us to Leasing@InnovaRM.com. Include the property address that you applied for on the subject line. ____________________________________________________________________________ Other Information: 1. Make sure you fill out the application completely. Please do not leave anything blank. If it doesn't apply to you, mark the box N/A. WE WILL NEED A COMPLETED APPLICATION FOR EACH ADULT OVER THE AGE OF 18 WHO INTENDS TO OCCUPY THE PROPERTY. 2. All occupants are required to present their valid driver's license or ID card. You may also scan and email a copy of your driver’s license or ID Card with the completed application to Leasing@InnovaRM.com. Please, reference your name and property address in the subject line. This is needed for each applicant. 3. Proof of income. All income qualifying occupants are required to present evidence of income as detailed on our General Qualifications for Rental Applications. 4. Please make sure to complete your online application by paying the $75.00 Application Fee per applicant (over the age of 18). ALL APPLICATION FEES ARE NON-REFUNDABLE. The application process will not start until the application fees are paid. If you have difficulty paying for your application fee online, you may contact our office during business hours. 5. Allow four business days to process the application. Any delay in processing is usually due to non-verifiable information such as not being able to reach your current/prior landlord or employer. We need daytime phone numbers to reach you to confirm your approval. 6. TIME IS OF THE ESSENCE: If your application is approved, you will be required to place a Holding Deposit in certified funds (Money Order or Cashier's Check, ONLY) within 1 business-day of approval. We DO NOT accept online transfers or personal checks in this instance. 7. It is required that the applicant, or an applicant's representative, views the interior and exterior of the property. A Real Estate Agent must show you the property. You may contact any Real Estate Agent of your choice to show you the property. If you aren't working with a real estate agent, you may contact our office during business hours for assistance. 8. The property is offered and accepted in its present condition, "as-is" "where-is", including but not limited to overall cleanliness, all present appliances appearance and performance, color scheme and condition of the painting, condition of the flooring, window coverings and screens (interior and exterior), general landscaping or any other cosmetic issues as the original date the applicant previewed the Property prior to submitting an application. 9. If an application is submitted without all the information and the required documentation stated above it will delay our process and will affect the outcome of your application. Please be aware that Innova Realty & Management reserves the right to run multiple applications at the same time and will process all applications received. 10. In case you need to submit additional information or documentation you email us to Leasing@InnovaRM.com. Include the property address that you are applying for on the subject line. Our Policy for Denials:

If any of the following applies to you, please consult with your real estate agent before submitting an application. - Past Evictions. - Rent judgments or derogatory accounts relating housing. - Unsatisfactory or unverifiable Verification of Residence. - Registered Sex Offender. ***APPLICATION FEES ARE NON-REFUNDABLE - NO EXCEPTIONS*** ***PROPERTY CAN BE HELD ONLY FOR UP TO 14 DAYS FROM APPLICATION DATE. DESIRED MOVE-IN DATE SHOULD BE WITHIN 14 DAYS FROM APPLICATION DATE***

We can hold a property for a maximum of 14 days from the date of application.

The $75.00 application fee is non-refundable.

Innova Realty & Management reserves the right to process multiple applications simultaneously. In exceptional cases where the application is not processed, a refund may be issued, subject to a $5.00 transaction fee deducted per applicant.

To begin your application process for one of our managed rental properties, please browse our available listings and submit your application directly through our website.

All occupants over the age of 18 must each submit a separate application along with the applicable fees. We require all applications to be submitted to proceed with our process.

The most effective way to secure the return of your deposit is to return the keys to the rental unit in a condition that matches or exceeds its initial state. According to law, the property owner has the right to deduct reasonable costs from your security deposit for any repairs or replacements beyond 'normal wear and tear.' Therefore, it's essential to ensure that everything is clean, well-maintained, and that the unit is rent-ready upon your departure.

Certainly! You can pay rent conveniently through your tenant portal. Options include using your banking information, paying with a credit card (additional CC fees may apply), or in cash at any 7-Eleven or CVS store (a convenience store fee may apply).