Rental Application Procedure

Potential Applicants must submit a fully completed PPMI Rental Application along with the processing fees.

Arrival of applications:

Until a fully executed and signed application(s) along with any additional required documentation and checks (payable to PPMI) OR online payment for processing fee (PayLease on our homepage) are received, we cannot move forward with processing. All parties over 18 years of age who are not presently a full-time college or technical school students and who will reside in the property must complete and sign an application and be processed; whether their income is to be considered in qualifying for the home or not.

Review of applications:

Applications received in PPMI’s office are held until 4pm the day they are received. At this time a review of all applications received for the same property is performed. The application with the best qualifications pertaining to financing, pets and or start date will be selected for processing beginning the following business day. This application review may require a formal discussion with the Landlord, which may delay the start of processing. Based upon the application information verified, credit report, criminal report and other verified criteria PPMI will either approve or deny said application. Should there have been multiple applications and should one or more of these applications have desired to become “back up” applications; then PPMI shall follow the same procedure as outlined above and select another application to process if the first application is denied. If an application is denied then the processing fees will not be refunded.

Approval of applications:

Once an application has been formally approved, PPMI prepares a lease and applicant(s) are required to execute said lease within 3 days of receipt. In most cases this will be done electronically (currently via Docusign). After that point the applicant(s) earnest money deposit is due immediately. This can be paid via PayLease on our homepage. In order to avoid delays PPMI provides a copy of a blank lease on this website or one can be picked up or faxed so as to facilitate a speedier completion of the lease execution. If an approved applicant(s) fail to or refuse to sign PPMI’s standard lease then the process of finding another applicant(s) shall commence again. Listing agents shall be informed of the need to either change status of the listing to application registered, rented or back to fully available within 24 hours of approval, denial, or applicant(s) refusal to sign a lease.

Rental Application Qualifying Criteria