All prospective tenants who are adults (18+) must fill out an application and submit a nonrefundable per applicant screening fee of $46.67.
We require a cosigner if one of the following qualifications does NOT apply:
A guarantor/cosigner must fulfill the following two requirements:
Guarantors fill out a separate application and sign an agreement basically stating, “In the event that the lessees’ (tenants on the lease) account is delinquent and they are unable to pay what is owed to K&S, I agree to the responsibility of paying any and all remaining debt on the account.” Multiple cosigners/guarantors are jointly and severally responsible for lessees’. K&S requires the original paperwork for cosigners living within the United States.
You may fax or email the Guarantor Form to the cosigner, who should fill it out and have it scanned/emailed or faxed back to K&S Co. Our fax number is (510) 528-1906. We realize this may be an inconvenience, but we still require the Cosigner agreement.
While we understand that sometimes there are extenuating circumstances to cause a credit score to dip, generally we require a score of 650 or higher.
We require that prospective tenants earn at least three times the amount of the rent, collectively.
Then you must find a cosigner or guarantor who will agree to pay the balance on your account in case you are unable to pay what you owe.
We take a listing off the market when you submit:
*Properties in the City of Richmond may differ in the security deposit amount.
Under most circumstances, we ask that prospective tenants be prepared to move in two weeks after submitting their application/security deposit/screening fees.
If your move-in date lands on the 1st to the 15th of the month, we prorate your first month’s rent; you would only pay the partial month’s rent.
If your move-in date lands on the 16th to the 31st of the month, we require the prorated first month PLUS the first full month before you move in. This is considered your ‘First Month’s Rent”.