|Prospective Tenant Frequently Asked Questions
- How long does it take to get my application approved?
It typically takes one to three business days from receipt of the application to fully process it. Sometimes former landlords or other references take time to contact us following our initial request for information. back to top
- How long can a house be held for me?
In order to treat all applicants fairly, we require all approved applicants to take possession of the leased property within 30 days of their application. back to top
- Can I get a short term lease?
Yes, with a minimum of 4 months. However, because the administrative costs are very high to both the owner and our company, and the payback time is so short, there are short term leasing fees involved. The monthly rent is increased 20% and you will pay a one-time leasing fee at move in of 40% of a month's rent. A two month's security deposit is required and you will be expected to take the property immediately or as soon as it is available. Leases may also not expire at the end of November, December, or January. Otherwise, your lease terms will remain the same as they would be for a normal term lease. back to top
- How long is the lease term? ..and the renewals?
The initial term of the lease frequently is about 12 months, however it can be anywhere from 10 to 19 months, depending on the geographic location of the house. Once the original term is complete, the lease will renew in 12 month increments. back to top
- Can I have a pet? If so, what breeds and how many?
On most properties - yes! There is no additional monthly pet rent, however we do charge a one time $250-400 non refundable pet fee for each pet. The security deposit will also be equal to 2 months rent because the property owner has more risk of damage; but this is refundable upon a satisfactory move out. We restrict the number of pets to three. We do not allow unfriendly animals. The following is a list of RESTRICTED DOG BREEDS that will not be allowed on and/or in the premises at any time:
1. Caucasian Ovcharka (Caucasian Shepherd)
2. Tibetan Mastiff
3. Pit Bull (The term "Pit Bull" encompasses certain breeds of dog from the American Pit Bull Terrier, the Staffordshire Bull Terrier, the American Staffordshire Terrier, and the American Bulldog).
4. German Shepherd
6. Alaskan Malamute
8. German Jagdterrier
9. Doberman Pinscher
10. Bull Mastiff
11. Chow Chow
12. Wolf Hybrid
15. Akita Inu
16. Perro De Presa Canario
17. Fila Brasileiro (Brazillian Mastiff)
18. Great Dane (also known as the German Mastiff or Danish Hound)
19. Gull Dong (also known as the Pakistani Bull Dog, a cross breed between the Gull Terrier and the Bully Kutta or Indian Alangu Mastiff)
20. Dogo Argentino
21. Rhodesian Ridgeback
22. Cane Corso
23. American Bandogge (a cross breed between an American Pit Bull Terrier and a Neapolitan Mastiff)
24. Tosa Inu back to top
- What if my credit is not perfect?
Your credit rating is a relative thing. We expect most of your credit to be good, but people do make mistakes. We focus primarily only on the last 2 years. If most of your credit is good, we will likely overlook the mistakes. We evaluate your application based on 20 different criteria, too cumbersome to list here. They do allow for most people to be approved. However, if the mistakes are serious, frequent, and recent, we likely will not approve the application. If all of your credit history is bad, and your credit score is below 570, your application will not be approved. back to top
- What is the security deposit requirement?
The security deposit is equal to one month's rent unless you are self-employed, you have pets, you are coming in from out of state (except military), you have non-garnishable income, you have insufficient rental history or income which requires a guarantor, or you have had problems with credit. In these cases the deposit requirement is equal to two month's rent. back to top
- Can I have the option to purchase, and how would it work?
That will depend on the individual property. If there is the "option", you would be allowed $200 of each full months rent, up to 12 months, to go toward the "option". This credit could only be used to offset the purchase price of the premises or toward closing cost. The purchase price would be determined at the time tenant exercises the "option", and would have to be mutually agreed upon by the tenant and the owner at that time. back to top
- What is the basic difference between renting a house vs. an apartment?
Excellent question. You may have noticed that the rents on apartments are much higher than on comparably sized houses. That is because apartment complexes build into the rent the cost of on site maintenance, cutting grass, yardwork, changing heating/cooling system filters, appliance maintenance, periodic carpet cleaning, painting when you move out, and much more. So, in a rental house you pay a lower rent, but are expected to handle many of these routine maintenance items yourself. That's good news for tenants; compare the math and the tenant comes out way ahead. back to top
- After my original lease, can I rent month to month?
Because we lease certain geographic areas to renew or expire at the same time each year, it is costly to offer a month to month option. If you come to us before your lease renews, we may allow you to elect a short term lease with a 20% rent surcharge. You also may renew your lease and either elect the option of subleasing or the option of paying the early termination fees if you decide later that you need to move. back to top
- What is my obligation to redecorate when I move out?
Because house rents are lower than apartment rents and do not include any money for redecorating, tenants are expected to restore the paint on the walls back to the original condition as when they moved in. We try to make it easy for tenants to do this by specifing the same paint over and over; and we only expect the walls to have fresh paint, not the trim, ceilings, closets, unless you have damaged them. We can also get it done for you at a very reasonable price. You must clean all carpets & flooring, as well as do a general whole house cleaning. Damage that has been done also needs to be fixed. back to top
- Where can I get renters insurance?
Renters insurance will insure your personal belongings as well as any liability that you have as a tenant. We recommend that you first contact the company that carries your car insurance. Usually there is a discount for having both policies with the same company. If the occupants have several different insurance companies, I would also consider placing it all with the same carrier. back to top
- Do you make reasonable accommodations and modifications?
Executives, inc. Realty Group will timely respond to requests for reasonable accommodations and reasonable modifications. If you need an accommodation or need to make a modification please state in writing the accommodation you need and or the modification you'd like to make. With your request please include third party support for your request in the form of a letter from someone familiar enough with your circumstances who can say that what you're requesting relates to a condition you have and will ameliorate the effects of your condition. back to top
- I see a property that is offered as a lease purchase. How would that work?
There is either a 1 or 2 month security deposit to lease (see security deposit question above). We have not done an appraisal on the home and will not do one until you qualify for a mortgage loan, so we cannot give you an exact price at this time. Once you have savings for a down payment, and you have qualified for a mortgage loan, and assuming we work out a purchase for you, we will credit you at closing with $200 of the rent for up to 12 months of your lease. back to top
Executives, Inc. Realty Group
Phone: (804) 794-2850
Fax: (804) 378-5417
Brown Pearson, Broker-Owner
Executives, Inc. Realty Group
Phone: (804) 794-2850, ext. 203
Fax: (804) 378-5417