FAQ

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Our general application guidelines, subject to change, are as follows:

• Anyone 18 or older who will be living in the rental must be on the application. 
• A credit score of 600 or higher (in the case of more than one applicant, it is the average credit score of all of the applicants), anything 450 or below would disqualify the applicant immediately. In some cases, a co-signer may be permitted. A co-signer would have to have a credit score of 700 or higher, an active job, and enough income to cover their expenses, as well as the applicant’s rent, should the applicant be unable to pay. 
• Enough income to cover rent and other monthly expenses, typically a debt ratio of 40%.
• Twelve months or longer at current place of employment, if shorter than 12 months, then there are two potential routes.   1) A co-signer with a credit score of 700 or higher, an active job, and enough income to cover their expenses, as well as the applicant’s rent, should the applicant be unable to pay.  2) If the applicant’s credit score is 700 or higher, a double deposit could substitute for a co-signer. 
• The applicant may have had no evictions in the past five years. 
• Collections or past-due balances of any amount may disqualify the applicant. 
• If an applicant has any dangerous criminal convictions, forgery, etc., they may be disqualified.  

You are always responsible for the entire term of your lease. However, our lease allows for you to notify us of the need to move early. After notification, we can begin advertising the apartment for rent. 

Until a new tenant has been approved and moved in, you are responsible for:

• Continuing to pay rent until the new tenant moves in. 
• Continuing to pay utilities until the new tenant moves in. 
• Continuing to keep Renter's Insurance for the property until the new tenant moves in. 
• Paying a lease break fee equal to one month of rent once a suitable tenant has been found.

As always, check your lease to make sure this option is available, as this policy is subject to change. 

We manage for multiple owners, some of which do accept the program and some which do not. Please see the property description to see more details. If you have a question, you can always email us at leasing@fultonmo.com. All applicants using a voucher are required to meet the same application requirements as any other applicant. However, remember that you may not have a co-signer under the HUD/Section 8 Program.