NBS RENTALS
TENANT SELECTION PLAN
Thank you for considering an NBS Rentals community! We want our application process to be as clear and straightforward as possible.
Qualification requirements vary depending on whether you are applying for a Conventional Housing or Affordable/Income-Restricted Housing community. Please review the applicable requirements below before submitting your application.
All applications are subject to management review, verification, property-specific requirements, and applicable federal, state, and local housing laws. Meeting the minimum qualifications does not guarantee approval.
Conventional Housing
All occupants 18 years of age or older must complete an application and participate in the screening process.
Occupants under the age of 18 should be listed as dependents.
Documents Required:
Each adult applicant should be prepared to provide:
Current driver's license, government-issued photo ID, or passport
Social Security Card or acceptable tax documentation displaying the full Social Security number
Most recent pay stubs covering the past month
Employment verification/history for the previous year
Documentation of other applicable income
Applicants receiving Social Security, disability, retirement, or other state or federal benefits should provide their current award or benefit letter.
Incomplete documentation may delay processing of your application.
Income Requirements:
Applicants should have combined net (take-home) monthly income equal to at least 3 times the monthly rent.
Example:
Monthly Rent: $695
Required Net Monthly Income: $695 × 3 = $2,085
Employment:
Applicants should have at least 1 year of employment history with their current employer, subject to management review and applicable exceptions.
Credit:
A credit screening will be completed.
Minimum Credit Score: 550
Applicants with limited or no established credit history may be considered under alternative approval terms.
Rental History:
Applicants should have at least 2 years of satisfactory rental history or previous homeownership.
Background Screening:
A background screening will be completed for adult applicants.
Criminal history, when applicable, is reviewed in accordance with NBS Rentals' screening criteria and applicable fair housing and other legal requirements.
Conditional Approval:
Applicants who do not meet all standard qualification requirements may still be considered for conditional approval.
Alternative terms may include an adjusted rental rate and/or a qualified co-signer or guarantor, when permitted by applicable law and property requirements.
Co-Signer / Guarantor Requirements
When a co-signer or guarantor is permitted or required, the individual must complete an application and meet NBS Rentals' co-signer qualifications.
Application Fee: $45
Income: Net monthly income of at least 4 times the monthly rent
Employment: At least 2 years with the current employer
Credit: Minimum credit score of 600
Housing History: At least 2 years of satisfactory rental history or previous homeownership, with no more than two late housing payments within the previous 12 months.
Income-Restricted Housing
Income-restricted communities have additional eligibility requirements established by the housing program associated with the property.
In addition to the requirements below, applicants must meet the income limits, household requirements, student rules, and other eligibility requirements applicable to the specific community.
All occupants 18 years of age or older must complete an application and participate in the screening and income-certification process.
Occupants under the age of 18 should be listed as dependents.
Documents Required:
Each adult applicant should be prepared to provide:
Current driver's license, government-issued photo ID, or passport
Social Security Card or acceptable tax documentation displaying the full Social Security number
Most recent pay stubs for the last 6 weeks
Employment verification/history for the previous year
Documentation necessary to verify household income and assets as required by the applicable housing program
Applicants receiving Social Security, disability, retirement, or other state or federal benefits should provide their current award or benefit letter.
Additional documentation may be required to complete the affordable-housing eligibility certification. Incomplete documentation may delay processing.
Income Requirements:
Applicants should have combined net (take-home) monthly income equal to at least 2.5 times the monthly rent.
Example:
Monthly Rent: $695
Required Net Monthly Income: $695 × 2.5 = $1,737.50
Applicants must also meet the maximum household income limits applicable to the property and household size.
Employment:
Applicants should have at least 1 year of employment history with their current employer, subject to management review and applicable program requirements.
Credit:
A credit screening will be completed.
Minimum Credit Score: 550
Applicants with limited or no established credit history may be considered under alternative approval terms.
Rental History:
Applicants should have at least 2 years of satisfactory rental history or previous homeownership.
Background Screening:
A background screening will be completed for adult applicants.
Criminal history, when applicable, is reviewed in accordance with NBS Rentals' screening criteria, applicable affordable-housing program requirements, and applicable law.
Conditional Approval:
Applicants who do not meet all standard qualification requirements may still be considered for conditional approval when permitted by the applicable affordable-housing program.
Conditional terms may include an additional security deposit and/or a qualified co-signer or guarantor.
Assistance Animals & Reasonable Accommodations
NBS Rentals complies with applicable fair housing laws regarding reasonable accommodations and assistance animals.
Service animals and other qualifying assistance animals are not considered pets.
Applicants or residents requesting a reasonable accommodation may be asked to provide reliable supporting information when permitted by law and when the disability or disability-related need for the requested accommodation is not readily apparent.
Applicable vaccination, licensing, animal-control, health, safety, and property rules may still apply.
Please contact NBS Rentals if you need to request a reasonable accommodation during the application process or tenancy.
Important Information
Application requirements and approval criteria may vary by property, housing program, funding source, or other applicable requirements.
NBS Rentals reserves the right to verify information submitted as part of an application and request additional documentation when reasonably necessary to determine eligibility.
Applications are reviewed consistently in accordance with applicable screening criteria and federal, state, and local fair housing requirements.
Equal Housing Opportunity