Lease Application

Lease Source Property Management Applicant Page

Leasing Application Processing Policy

Dear Prospective Tenant,
Thank you for submitting an application to rent from Lease Source Property Management. Our company acts as an agent for property owners and does not own any of the properties it manages. Please take a minute to read over the following to become familiar the application and screening processes.
Prior to submitting an “Application To Rent”, applicants and/or their representatives are encouraged to physically view both the interior and exterior of the home to determine if the dwelling meets with their approval. Unless otherwise mutually agreed in writing, prior to the execution of a lease, properties are leased in “as is condition”.
Lease Source Property Management contracts with a professional screening company, FasTrak, to conduct background checks on prospective tenants. The process usually takes 3-4 business days. During this time, information will be gathered, by FasTrak, and applicants’ qualifications will be reviewed with the property’s owner. The screening process may include, but is not be limited to, obtaining, verifying & reviewing the applicants’ credit, criminal, rental and employment histories.

All persons eighteen (18) years of age or older, including emancipated minors, who will be living in the property to be leased, are required to complete an “Application To Rent” before consideration by Lease Source and the property’s owner. Applications must be accompanied by the following:

1. Copies of prospective tenant(s) picture identification are to be submitted to Lease Source.

2. Applications Fees must be paid before applications are processed.  The Application Fee is $40 for each adult (18 years of age and older) who will be residing at the property.

3. Proof of employment and income are required if applicant is relocating from out of the Spokane area.

4. If applicant owns his/her own business, copies of personal tax or bank statements will be required.

5. If FasTrak is unable to receive verification from an employer, two (2) months of recent payroll verification are required.

6. If government grants or assistance is a portion of income source, documentation proving this income source will be necessary.

It is of critical importance that the “Application to Rent” be filled out completely before submission: Whether an application is accepted or denied depends on a number of factors. In some cases, a single incident, such as an active bankruptcy, will disqualify an applicant.

The following is a list of incidents which will disqualify an applicant:

1 Income: Applicants must have a verifiable monthly income of at least three times the amount of the lease payment. Applicants must have been employed, in their current positions, for a period of at least six months.

2 Rental History: If applicant has a rental history which indicates late payments, being served with a three or a ten day notices, or reports by previous landlords indicating applicant was uncooperative, the application will probably be denied.

3 Credit and Civil Records History: Active bankruptcy, a completed bankruptcy within the past ten years, any property foreclosure, unpaid collections, judgments, liens, charged off accounts or excessively late trade accounts will cause an application to be denied.

4 Any of the following will result in the rejection of an application: An unlawful detainer action, court ordered eviction, any felony conviction within the past ten years, any history of committing domestic violence, any history of gang activity, any history of illicit drug activity, any history of a sex crime(s) regardless of applicants’ status as a registered or unregistered sex offender.

5 Any false, misleading, or intentionally omitted information. Minor discrepancies in an applicants’ background are unlikely to cause denial to lease. It is the goal of Lease Source Property Management to represent good properties and to insure the applicants seeking to lease those properties have demonstrated their willingness and ability to maintain the property and make lease payments as agreed.

Prospective tenants should be aware that more than one applicant may apply to lease the same property. The applicant with the strongest background check, in the opinion of Lease Source Property Management and the property’s owner, will be given the first opportunity to lease the subject property.

Once approved, the applicant will be notified by Lease Source Property Management. Signing of the lease and a move-in inspection will be scheduled. It is important to note that a Tenant may not begin moving in until the lease has been signed, payment of rents and security/other deposits has been made and the move-in inspection completed. This process should take between one and two hours.

If an application is approved, and if the Tenant does not plan to move in for 7 or more days after application approval, a holding deposit, equal to the security/other deposits, and a Holding Agreement, must be signed within three days of the approval.

The application to lease from Lease Source Property Management is valid for 30 days.

To be transferred to the application, please click on the link below. Completed applications, along with the application fee and supporting documents, should be given to the Lease Source Property Management representative with whom you have been working.

By proceeding to the application link, I acknowledge that I (we) have read and understand the aforementioned policies and procedures.

After selecting the send button, you will be transferred to the FasTrak Screening screening service homepage. The application may be completed electronically and submitted directly to FasTrak. If this is done, FasTrak will charge a convenience fee. To avoid paying the convenience fee, print the completed application and submit it to your Account Manager.

Apply now with FastTrack