Qualifications

Qualification Requirements

Please check this quick list of requirements before applying for a lease at EA Property Management:

• Income – Applicants must have a minimum combined gross income of 2.5 times the monthly rent. When using a guarantor, the guarantor must provide 4 times the monthly rent in gross income.
   
• Credit – A credit report will be completed on all applicants to verify credit ratings. Income plus verified credit history will be entered into a credit scoring model to determine rental eligibility and security deposit levels. The application will be denied for unfavorable accounts which include, but are not limited to: collections, charge-off, repossession, and current recent delinquency; and open bankruptcies.
   
• Criminal History – A criminal background check will be conducted for each applicant and occupant ages 18 years or more. The application will be denied for any felony conviction up to six (6) years prior to the application date, or any felony conviction for sex- and terrorism-related offences, regardless of time.
   
• Rental History – Some credit scoring results will necessitate an evaluation of verifiable rental or mortgage payment history for the last 24 months.

Owners may set individual leasing requirements and qualifications for their individual properties. Final qualification and approval is determined when you apply.

Acceptable Income Documentation

Please have at least one of the following forms of acceptable income documentation before you apply to expedite the application process:

• Paystubs – Consecutive paystubs equal to the most current month’s pay period.
   
• W-2 from Employer and A) current month’s paystub or B) bank statement.
   
• Three consecutive and current month of full bank statements (detailed version, including transactions) or current investment account (stocks, bonds or mutual funds) statement. 
   

Other Tenant Qualifications

Animals - Pets are at property owner's discretion and not allowed at all properties. For questions about pet restrictions at specific properties please contact leasing@eapropertiesnm.com. No more than three animals are allowed per home. Non-refundable, one-time pet fees are due prior to move-in. Aquariums will be allowed with a 20- gallon maximum only with proof of insurance for the entire term of the lease. Other animal restrictions include:

• Restricted dog breeds: American Staffordshire Terriers, American Pit Bull Terriers, Rottweilers, any dog that has a percentage or mix of any of the above breeds or any canines other than dogs and hybrids thereof.
• Small animals such as gerbils, hamsters, and guinea pigs are permitted, with the exception of ferrets, rabbits, and chinchillas.
• Farm animals are restricted unless written permission is received from landlord. This includes chickens, goats, horses, and pigs.
• All venomous animals of any type are restricted.
• Other restricted animals includes but is not limited to: skunks, raccoons, squirrels, and monkeys.

Vehicles - Vehicles must be operational and have current registration and inspection. Boats or trailers are not allowed at any time unless approved in writing by landlord.

Renter’s Insurance - Residents are encouraged to obtain and maintain renter’s insurance policy covering loss or damage of personal property. In the event of damage occurring in or to the home, EA Property Management insurance only covers the structure of the home, not a tenant's personal possessions.