Rental Application

How to Estimate Your Debt to Income Ratio

We recommend estimating your DTI before applying to help you decide if this home is a fit. Note: This estimate is for your planning only. To ensure Fair Housing compliance, your official DTI will be calculated uniformly using your verified income, credit report, and the advertised rent.

Step 1: Add up your monthly obligations Include the advertised monthly rent for the home you are applying for, plus:

• Mortgage payments (for all properties, even if listed for sale)
• Auto loan or lease payments
• Student loan payments (if deferred or no payment is shown, use 0.5% of the total loan balance)
• IRS installment agreements or approved payment arrangements
• Alimony, child support, or court-ordered payments
• Minimum monthly credit card payments
• Personal or installment loans (Do not include: your current rent, utilities, insurance, groceries, childcare, or subscriptions).

Step 2: Find your gross monthly income This is your total income before taxes and deductions. If you only know your annual gross income, divide it by 12.

Step 3: Calculate the percentage Divide your total monthly obligations (Step 1) by your gross monthly income (Step 2), then multiply by 100 to get your DTI Ratio.

Example Calculation: The advertised rent is $1,800. Your other monthly debts are $400 (auto), $150 (student loan), and $50 (credit cards), totaling $600. Your total monthly obligations are $2,400. Your gross monthly income is $6,000. $2,400 ÷ $6,000 = 0.40, multiplied by 100 is 40% DTI.

No Delinquency Disclosure

If a review of your credit report reveals any account delinquencies, your application will be declined. If you have a qualifying credit score with delinquencies, your application will be declined. A delinquency in a credit report is defined as: a past-due account; an unpaid collection; an unpaid charge-off; an unpaid judgment; or any negative or derogatory account information. An unpaid, past-due federal tax balance that is not under an IRS installment agreement or other IRS-approved payment arrangement is also a Delinquency under these requirements if it becomes known to the Broker while reviewing your application. An account reported as paid in full, settled with a zero balance, or brought current is not a Delinquency under these requirements.

Income Verification Disclosure

Under the terms and conditions of this application, the Applicant agrees to use and cooperate with a third-party consumer reporting agency for income verification. The Broker shall not be responsible for directly accepting any documentation regarding the Applicant’s income or for calculating the Applicant’s income.

Your income is verified and calculated by an independent consumer reporting agency (Snappt), not by the Broker. The Broker uses the single income figure Snappt provides and applies our minimum income requirements uniformly to all applicants. We do not recalculate this figure or reconstruct it from underlying documents.

Verification Process & Requirements:

Method: You must verify your income through Snappt by connecting your payroll/bank account data or by uploading documents.

Required Documents: If uploading documents manually, you must provide your most recent 6 consecutive monthly bank statements or paystubs. Incomplete submissions will require additional documents.

Outside Documents: Income data is only accepted through the Snappt portal. Documents provided outside this process (including CPA-prepared statements, tax returns, or letters) will not be considered.

Current Income Only: Future or anticipated income—including offer letters or jobs with less than 28 days of verifiable pay—cannot be counted toward your minimum annual income requirement.

Disputes & Accommodations:
If your application is declined based on this verification, you will receive an Adverse Action Notice containing Snappt’s contact information. All questions or disputes regarding the calculated income must be directed to Snappt.

If you have a disability and require a reasonable accommodation to complete the income verification process, please request one through the Broker.

Affirmation

By proceeding with this application, I acknowledge that I have reviewed the minimum requirements for lease application approval and the Broker's published policies. I understand that applications are evaluated based on these requirements and that the Broker applies these standards consistently to all applicants. If I believe I may not meet one or more of the minimum requirements, I understand that I should submit a written request for consideration prior to completing this application using the following form: https://deanandassociatesinc.com/policy-exception-request-form/ Submitting an application does not guarantee approval, and applications that do not meet the published minimum requirements may be declined.

All Lease Signatories Must Personally Visit the Property & Approve its Condition before a Lease will be offered for signing.

You cannot secure a Property and take it off the Market with an Application. Anyone who will be allowed to or required to sign the lease must personally visit the property and approve its condition before the Broker will prepare and present a Lease for signature. This policy applies to both spouses of a married couple, both members of an unmarried couple and/or both roommates. Viewing by a third party, including a Real Estate Agent, friend, family member or viewing by video conference will not be accepted by the Broker in lieu of a personal visit by all Signatories.

Policy on Corporate Leases

Dean & Associates Inc does not offer residential Lease agreements to Corporations, Limited Liability Companies (LLCs), Partnerships, Trusts, Estates, or any other legal entity or organization. The named Tenant (or Tenants) on every Lease must be a natural person who will be a primary Occupant of the residence, and every application must be submitted in that natural person's name. An application that lists any entity, rather than a natural-person Occupant, as the prospective Tenant will not be processed. This standard is applied uniformly to every application, without exception.

PetScreening requires a separate profile for each pet and for any assistance animal. A household with one pet maintains one profile; a household with two pets maintains two. Households declaring no pets complete one no-pet profile. If you have pets you must upload a copy of up to date vaccination records to each pet's profile. The profiles are completed once for the household, so if another Applicant in your household has already created them, you do not need to create them again. This is part of completing your Lease Application. You can complete it at PetScreening.com. If your pet does not comply with the advertised pet policy, please submit a Policy Exception Request before completing this application.

No Rental Arbitrage, Sub-leasing, Assignment, etc.

Tenant shall not sublease the Premises or any part thereof, nor shall Tenant permit any other person to occupy the Premises, without the prior written consent of the Landlord in each instance. Any attempt to sublease without such consent shall be considered a material violation of the lease. In the event of an unauthorized sublease, Landlord shall have the right, at their sole discretion, to terminate this lease agreement and initiate eviction proceedings against the original Tenant and any unauthorized sublessees, which may include filing an unlawful detainer action to regain possession of the property.

Occupancy Date Scheduling Rules

The Broker does not accept applications for future occupancy dates beyond the schedule outlined herein. Applications submitted on or before the 22nd of any month must request an occupancy date on or before the 1st day of the following month only, and applications submitted on or after the 23rd of any month must request an occupancy date on or before the 1st day of the second following month only. Applications requesting any other occupancy date will not be considered. The requested occupancy date must strictly comply with this policy, and submission of an application with a non-compliant date may result in automatic denial or cancellation of the application.

Authorized User Policy aka "piggybacking"

When an individual is made an Authorized User on another individual's credit card or revolving credit account their credit score may be positively affected if the Primary Cardholder has good or excellent credit. Individuals with good credit sell Authorized User access to their credit cards and revolving credit accounts commercially and the practice is sometimes referred to as "piggybacking". The Broker is aware that piggybacking is legal, but the Broker and other lenders consider this to be a deceptive practice. When a review of the Applicant's credit report reveals that 33% or more of the Applicant's total credit card limit and or revolving credit limit is supplied by being an Authorized User on another individual's credit card(s) and or revolving credit account(s) and that individual is not a spouse, then the Broker will automatically decline the Application and issue an Adverse Action Notice.

No More than One Family

For the purpose of this disclosure, a "family" shall be defined as a group residing together and consisting of parents, children, and other relatives by blood or marriage. The Broker and the Landlord retain the right of freedom of contract to lease with whomever they want as long as it is not for a discriminatory reason against a protected class. Two or more families residing in one home are not a protected class. It shall be the Broker's policy not to rent to more than one family per residence.

There is no charge to submit this application. If your application advances after review, Dean & Associates Inc will email you separate secure links to complete the following steps, in this order.

1. Credit and background screening. A $30 fee, paid to Dean & Associates Inc, is due before this step. You will receive a payment link, and the credit and background screening will not begin until the fee is paid.
2. Identity and income verification. A $30 fee, paid to Dean & Associates Inc, is due before this step. You will receive a payment link, and your Snappt identity and income verification links will be sent once the fee is paid. This fee covers your Snappt identity verification and your Snappt income verification.
3. PetScreening profile. PetScreening requires a separate profile for each pet and for any assistance animal, completed once for the household. A household with no pets completes one no-pet profile. No-pet and Assistance Animal profiles are free. Each pet profile costs $30, paid to PetScreening.

The application fee is $60 per Applicant, collected as a $30 payment and a $30 payment to Dean & Associates Inc at the steps above. Your application is not complete until all three steps are finished.