There are a number of reasons that a renter’s applicant might be rejected. Knowing what companies are looking for in your history is the first step in knowing if you might be able to rent from a company. If the company caters to a specific audience, like commercial property managers or property managers for students, such as many Transglobe buildings this may be a little different. In such a case you would need to direct your questions about Transglobe Property Management toward them, or toward the company you are thinking of renting from.
1. Bad Credit
This is one of the most often cited reasons why people are told that they can’t rent from a specific company. If someone has bad credit it shows that they don’t pay a lot of their bills on time.
2. Past Evictions.
This is another sign that someone has been a bad tenant. People are not usually evicted without there being a serious problem, either a lease violation or criminal activity will usually cause an eviction.
3. Criminal Record.
That brings to the next one. If there is a criminal record, it can be harder to find a place to live, but often for a good reason. The more serious the offense, the harder it is to find a place to live.
4. Income Levels
Most places have a minimum income level that must be met, often around twice the amount of the rent. This is reasonable because they don’t want you to risk not being able to pay the rent.
5. Pets.
While there are a number of places that will allow for pets with a number of extra dollars a month and a pet fee that might seem huge, there are also a number of places that will not rent to people who have pets.
Some places will work with a potential tenant if they have very good references, or if they have lived in the complex before, but you will have to check with them directly and work with them to find a place that works for you. A commercial management company will have very different reasons to reject a company, and should be consulted directly about what they are looking for in a tenant.