Key Rents LLC

Thank you for reaching out for more information about our rental homes. Here is an outline of the basic rental requirements.

Income Requirement:

Your gross monthly income must be at least three (3) times the monthly rent. For example $1,000.00 a month home requires an income of $3,000.00. We will require proof of income.

Application Fee:

Our application fee is $60.00 per person eighteen (18) years and older. We will pull your credit score, credit history, and criminal background.

Credit Score:

At least one applicant must have a credit score of 625. If you do not have the minimum credit score you can have a Co-Signer that has a minimum of 700 credit score. Some applicants with a lower credit score of 625 depending on history patterns may qualify with a double deposit instead of having a Co-Signer.

Past Evictions:

You can not have been evicted within 5 years.

Criminal History:

You must disclose any past felony convictions from the prior 5 (Five) years. Hiding past felony convictions will disqualify you from being accepted. If you have successfully completed an expungement it is not required to disclose.

Pets:

We charge a one time non-refundable fee of $300. In addition there will be a $15-$35 monthly rent per Pet based off weight and history. It will be your responsibility to complete a Pet Screening prior to accepting the non-refundable pet fee. Not all properties accept pets, so make sure to ask before applying for that home.

 

Breed Restrictions:

Ask about risky dog breeds. Some homeowner’s insurance companies have a restriction.

Security Deposits:

The security deposits are generally the same as 1 (One) month’s rent. This is subject to change. All homes require the Security Deposit to be paid in full before signing a lease.

 

The Key Rents, LLC Resident Benefits Package:

(RBP) delivers savings and convenient, professional services that make taking care of your home second nature. By applying, Applicant agrees to be enrolled and to pay the applicable cost of $50/month, payable with rent.

Your RBP may include, subject to property mechanicals or other limitations:

• HVAC air filter delivery directly to your door approximately every 60 days
• Liability Insurance that meets all lease requirements from an A-rated carrier
• Move-in concierge service that includes a one call set up your utility services, cable, and internet services
• A resident rewards program that helps you earn rewards for paying your rent on time
• Credit building to help boost your credit score with timely rent payments
• $1M Identity Fraud Protection for all adult leaseholders
• On-Demand Pest Control that includes an innovative pest control service that provides an effective, reactive, and targeted approach to pest control
• 24/7 online maintenance reporting
• Home buying assistance for when the time is right to buy your “forever” home
• Online portal that includes access to your account, documents, communication and payment options
• Vetted vendor network: we find the technicians who are reputable, licensed, and insured

Liability Insurance Requirements and Options:

The Landlord requires Tenant to obtain liability coverage of at least $100,000 in property damage and personal liability from an A- rated carrier and to maintain such coverage throughout the entire term of the lease agreement. Tenant is required to furnish Landlord evidence of the required insurance prior to occupancy, at the time of each lease renewal period, and upon request.

To satisfy the insurance requirement, Tenant may either (1) be automatically enrolled into the Landlord or Property Manager’s Master Policy that satisfies the coverage requirements as part of the RBP; or (2) obtain alternative liability coverage from an insurer of Tenant’s choice that meets the requirements set by the Landlord herein. The option Tenant chooses shall not affect whether Tenant’s lease application is approved or the terms of Tenant’s Lease. Tenant’s election shall be determined by the actions of the Tenant as provided below:

Option 1: Master Policy (Automatic Enrollment) – If the Tenant does not provide evidence of the required insurance coverage by the Lease commencement date, Tenant has elected to be automatically enrolled into an insurance policy as part of the RBP. Coverage will begin on the effective date of Tenant’s lease and continue throughout the term of the Lease. The monthly premium for the elected insurance policy is $11.95.  Please refer to the evidence of insurance that is supplied by Key Rents, LLC for additional coverage details.

Option 2: Tenant Policy (Policy Verification Required) – Tenant has elected to find, purchase, and maintain Tenant’s policy that satisfies the Landlord’s coverage requirements. Tenant must provide evidence of the required insurance coverage by the Lease commencement date. The RBP Fee will be adjusted accordingly. Visit http://insurance.residentforms.com/ and follow the instructions listed there to provide evidence of the required insurance coverage to your Landlord.

Please be sure that your policy meets the following criteria prior to submitting:

• Policy is purchased from an A- rated carrier
• Policy meets or exceeds the required $100,000 in property damage and personal liability
• Key Rents, LLC is listed as additional interest
• InsuranceSupport@SecondNature.com is also listed as additional interest
• Key Rents, LLC address is listed as: PO Box 660121 Dallas, TX 75266

It is Tenant’s sole responsibility to timely pay premiums directly to the Tenant’s insurance provider to avoid cancellation of coverage. If the policy is canceled or lapses at any time during the term of the Lease, Tenant shall be subject to a lease violation fee of $25 and agrees to be subsequently enrolled into the policy referenced in Option 1 above.

Consent to Receive SMS Messages: Tenant consents to receive SMS messages (including text messages), and telephone calls (including prerecorded and artificial voice and autodialed) from the Landlord and the RBP Providers at the specific number(s) provided to the Landlord, with service-related information, account information or questions, and/or marketing information. The Tenant represents that the Tenant is permitted to receive calls and text messages at the telephone number provided to the Landlord by the Tenant. Standard message and data rates may apply. SMS messaging services may be modified from time to time, for any reason, and without notice, including the right to terminate SMS messaging with or without notice, without liability to the Tenant.

 

 

We hope this answers some of the questions you may have had. If you happen to have any further questions feel free to reach out.