Rental Requirements and Application

How to Submit an Application:

  1. Print and fill out online rental application
  2. Arrange payment -- At the time you submit your application, you will be asked to pay a screening fee of $45.00 (per applicant, if not married), payable by certified check or money order to Peninsula Property Homes, LLC.
  3. Deliver your application -- You can bring the application to our office, or you can fax to (757) 240-5469. Be sure to include at least three (3) current paycheck stubs (to verify income), verification of any other sources of income and a copy of your Driver's License. If you have the ability to scan documents, you may email your application to debbie@pen-prop.com.

General Requirements:

  1. Positive picture ID is required
  2. Application must be completely filled out and signed. Failure to do so will result in delay of the processing.
  3. Application Fee of $45.00 must be paid before processing the rental application.

Rental Requirements:

  1. Three years of verifiable residence history from a landlord required. If none is available, a Co-Signor will be required. The Co-Signor:
    • Must be employed by the same employer for at least one (1) year or other forms of income must be able to be verified;
    • Must make sufficient income to cover their bills, as well as the applicant's rent payment; and,
    • Must reside in the state of Virginia.
  2. Three (3) or more late notices within a 12 month period will result in denial.
  3. Rental history reflecting any unpaid past due rent will result in denial.
  4. Any current unlawful detainer/warrant in debt or eviction that is pending will result in denial.
  5. Outstanding bad debts/collections for utilities or rent will result in denial.
  6. Background check.

Income Requirements:

  1. At least 3 current paycheck stubs or LES will be required to verify income.
  2. Your monthly income must be two and a half (2.5) times the amount of the proposed rent.
  3. Self-employed applicants will require proof of income from 2 years of tax returns.
  4. Other sources of income must be able to be verified.

Employment Requirements:

  1. Verifiable employment is required.
  2. Self-employed individuals must be verified through tax returns and/or bank statements.
  3. Must be employed by the same employer for at least one (1) year.

Credit Requirements:

  1. Good credit is required.
  2. Outstanding judgments for rent and/or collections for utilities will result in denial.