Our application process includes; income verification, criminal background check, credit check, and rental history verification. For more detailed information please refer to our rental qualifications.
We do not have a specific credit score rating. Credit is only one part of the application process. In the case that an applicant does not have established credit, it is Silver Bay's sole discretion to determine if background and income verification is sufficient to approve the application.
We will verify at least two years of acceptable rental history for each applicant. If your rental history discloses an eviction, a skip in the last 7 years or any unfulfilled rental agreements for which you have not made full restitution, then your application will be denied. If you provide verifiable evidence from the prior landlord that all balances have been paid in full, your application may be approved with conditions.
A maximum of 2 pets are allowed to live in the property. All dogs must meet the breed requirements. Please view the Rental Qualifications to see this list. Our pet fee is $300 for 1 pet and $500 for 2 pets and only applies to cats and/or dogs. This fee is nonrefundable, except in California. The weight limit is 150 lbs combined (no pet can exceed 85 lbs.) An Aquarium will count as one pet. Service animals are exempt from Silver Bay's pet policy.
A criminal background check will be conducted for each applicant. Applicants with certain violent crimes, crimes against children, sex crimes, or certain theft/fraud crimes will be denied. Certain other felonies and misdemeanors may result in denial if conviction is within the last 7 years or if there are multiple convictions within the last 5 years. We do not accept co-signers or payment of lease value in full in lieu of fulfilling our criminal background requirements.
Once your application has been processed, our application processor may contact you to request any necessary documentation needed, i.e.: photo ID, proof of income, rental history verification, proof of renter's insurance, etc.
Once the application is approved we collect a non refundable $500 holding deposit in form of certified funds. If more than one applicant is approved for a home, the first to bring a $500 deposit to our office will secure the home. Holding deposits are applied to security deposit upon move in. *Holding deposits are refundable in California.