What is the necessary credit requirements to rent with CenterBeam Real Estate?
Our approval decisions are based on verifiable income, rental references, court records and the recommendation of an application processing vendor who bases their recommendations on a computer model analysis of credit and criminal reports. CenterBeam Real Estate evaluates each person applying to live in its managed properties with a credit-risk scoring system. The scoring system serves as a model to estimate the credit risk that an applicant may not satisfactorily fulfill his/her lease obligations. CenterBeam Real Estate will evaluate the measure of the credit risk associated with that applicant. If your application is rejected based on your credit-risk score, or accepted with certain additional conditions, you will be advised what factors most adversely affected your score. An applicant who is rejected based on his/her credit-risk score, or accepted with certain additional conditions, may obtain a copy of the consumer report(s) on which the credit-risk score was based, and may initiate an investigation to have any erroneous information contained in such reports corrected. The consumer reporting agency will advise you of the actions that you may take in order to do so.
CenterBeam Real Estate conducts a criminal background search on each person applying to rent its managed properties. It is our policy not to accept prospective residents who have been charged with and/or convicted of certain felonies and/or misdemeanors. Prior to final acceptance of any applicant we will use an independent consumer reporting agency to search for public records of any such criminal background on that applicant. If the criminal background report indicates that one or more such felony and/or misdemeanor records were found, those records will be compared to established acceptance policies to determine whether or not the applicant may be accepted. If your application is rejected based on the discovery of public records that indicate an unacceptable criminal background, you will be given the name, address, and telephone number of the consumer reporting agency that provided the criminal background report to us. An applicant who is rejected based on such a criminal background report may obtain a copy of the report and may initiate an investigation to have any erroneous information contained in the report corrected. The consumer reporting agency will advise you of the actions that you may take in order to do so. There are no application refunds offered once your credit and background check has been completed.