Everything You Need to Know About Keyrenter Boise

Under the terms of your lease agreement, all roommates are ‘jointly and severally’ responsible for fulfilling the lease obligations, including the payment of rent. This means that each roommate is individually and collectively responsible for the entire rent amount each month, not just their portion.

If one roommate fails to pay their share of the rent, the remaining roommates are still responsible for ensuring the full rent amount is paid by the due date. It’s important to understand that from a legal and contractual standpoint, the landlord has the right to pursue any and all tenants for any unpaid rent, not just the individual who failed to pay.

We encourage open communication and planning among roommates to manage rent payments effectively. However, if there’s a situation where rent is not fully paid, we’re here to discuss potential solutions and support you in finding a way forward. Our goal is to maintain a positive and transparent relationship with all our tenants, guided by our core values of professionalism, responsibility, and teamwork.

At our properties, we use a fair and transparent method known as RUBS (Ratio Utility Billing System) to allocate utility costs. Since individual meters for each unit aren’t always possible, RUBS allows us to divide utility expenses based on the number of people living in each apartment. This means your utility bill reflects the size of your household, ensuring that everyone pays their share based on a factor closely related to usage.

This method promotes fairness and encourages mindful utility use, aligning with our commitment to transparency and great service. By understanding how your bill is calculated, you can see the direct impact of conservation on your monthly expenses, ensuring that you’re only paying for what is equitable. We’re here to answer any questions you might have about this process, keeping our relationship transparent and direct.

The lease initiation fee is a one-time charge that covers the administrative tasks involved in starting a new lease, such as preparing lease documents, running background checks, and setting up your online tenant portal. This fee enables us to provide you with exceptional service from the outset, ensuring a smooth and professional move-in process. We pride ourselves on transparency and efficiency, and this fee helps us uphold these standards. If you have any questions or need further clarification, we’re here to help.

Thank you for your interest in one of Keyrenter Boise’s properties. Please review the following information prior to applying.

Keyrenter is an equal opportunity housing provider and adheres to Fair Housing Laws. Keyrenter does not discriminate against any person based on race, color, religion, sex, national origin, familial status, disability, veteran status, marital status, source of income, sexual orientation, gender identity, or any other protected class under applicable federal, state, and/or local law.

Common reasons to be declined; we encourage you to not apply if any of these pertain to you.

• Credit score below 650
• Debt to income ratio is 50% or greater
• Active Bankruptcy or one that has not been discharged for at least 6 months
• Criminal history as described below
• Any current or previous evictions
• Insufficient Income or inability to verify income
• Negative Rental History
• Smoking
• More than one (1) single-family unit living in the home

REQUIREMENTS:

AGE REQUIREMENTS: All adults 18 years of age or older who will reside at the Property must complete, sign, and pay for a separate application. Applications will not be considered complete nor reviewed until every Applicant 18 years of age older who will be living at the Property has completed, signed, provide all required documents, and paid for a separate application.

IDENTIFICATION REQUIREMENTS: All Applicants must provide valid government-issued photo identification. All Applicants must also provide a valid Social Security Number, Individual Taxpayer Identification Number (ITIN), Employment Identification Number (EIN), or 1-94 for verification purposes. Non-U.S. Citizens must be able to provide documentation of U.S. Immigration to verify legal residency in the United States as of the effective date of the lease agreement.

INCOME REQUIREMENTS: All applicants must provide 2 Full months of recent proof of income. An applicant may be denied if the combined gross monthly income of all persons living at the Property is less than 3 times the monthly rental rate of the Property. Applicants that do not meet the above income requirement may be given the option to pay multiple months of rent in advance, to pay a higher security deposit, or a combination thereof.

Any of the following may be requested to verify Applicant’s income: • Copies of the last two full months of recent proof of income from pay stubs • Copies of the last three consecutive bank/financial statements • Previous W-2 or 1099. Self-employed applicants must provide the previous two years. • Proof of child and/or spousal support payments • Proof of social security income, disability income, or other government income • Proof of retirement income • Proof of trust fund income • Current offer letter for new employment • Financial aid and/or scholarship documentation • Housing vouchers. Income requirements will apply to the household’s share of the monthly rent. • Any other legal, verifiable source of income paid directly to the Applicant or representative of the Applicant

CREDIT REQUIREMENTS: Credit status will be checked via the appropriate Credit Bureau. A credit score less than 650 may result in denial. Any bankruptcy must have been discharged at least 6 months prior to the date of application, otherwise, the application may be denied. More than 50% of accounts showing as delinquent and/or in collections/judgment may result in denial. If allowed by applicable law, Keyrenter may make an exception to the above Credit Requirements upon Applicant providing a higher security deposit, a Co-Signer to the Lease that meets all credit requirements, a higher monthly rental rate, or a combination thereof. If the application is denied due to credit requirements, Keyrenter will provide the Applicant with the name, address, telephone number of the consumer reporting agencies which provided the Applicant’s consumer information.

RENTAL/RESIDENCY HISTORY: The previous two (2) years of rental or residency history is required. The credit report and other sources of rental history will be checked to verify resident and rental history information. Applicants must provide the address, dates of tenancy for the previous two years, along with the respective Landlord’s phone number and/or email address. An application will most likely be denied if there are any previous evictions on record, defaults in lease agreements, multiple non-sufficient funds, multiple late rental payments, or outstanding balances owed to a Landlord. Keyrenter reserves the right to deny an application if, after making a good-faith effort, Keyrenter is unable to verify the Applicant’s rental history. Satisfied or dismissed evictions may be considered with proper documentation. If the Applicant owned, rather than rented, their previous home, the Applicant may be required to furnish mortgage company references and proof of title ownership or transfer.

CRIMINAL HISTORY: Applicants will be asked to disclose any prior convictions or pending criminal actions. A thorough criminal background check will be conducted. Failure to disclose is grounds for denial. Pending criminal actions will not, in themselves, be grounds for denial but may be factors used along with other criteria in the application review. Convictions of any sort will be evaluated on an individualized basis. Keyrenter will consider the nature of the crime and the severity of the crime, along with how much time has passed since the criminal activity and the release from any imprisonment, parole, or probation that resulted from the criminal activity. Persons who are listed on any sex offender list will most likely be denied. Applicants with convictions relating to crimes involving violence, gang activity, arson, or injury to persons will most likely be denied. Applicants who have been recently released from prison, parole, or probation may be required to provide additional information and/or references

OCCUPANCY: Keyrenter follows city and county guidelines and regulations. Please check with the city and/or county for any occupancy restrictions.

CO-SIGNERS: The option for a Co-Signer may be offered to Applicants that do not satisfy the Credit Requirements, and/or Rental/Residency History requirements ONLY. All Applicants must still meet the income requirements on their own. Co-Signers must complete, sign, and pay for a separate application for the Property. Co-Signers are subject to the same Rental Criteria, background checks, and verification as described above. Co-Signers must provide proof of income equivalent to 5.0 times the monthly rent of the Property. If the application is approved the Co-Signer must sign the rental agreement as if they are moving into the rental. Co-Signers will be held responsible for the Lease and any other costs incurred on the Lease, such as damages should the occupying Tenant(s) default. Keyrenter reserves the right to not offer the option for a Co-Signer.

PET POLICY: Check each available property for specific pet policies. There is a limit of 2 Pets per home, including ESA or Companion Animals. Pets may be denied if they do not receive a positive reference from the previous Landlord regarding the pet’s behavior if the pet is not spayed or neutered, and/or if a complete veterinary medical history (including immunizations and sterilization) of the pet is not provided. An additional monthly pet fee, (1) one-time non-refundable pet fee, or a combination thereof will be required. Where applicable, restricted breeds will result in denial. If you have a pet that could fall under a restricted breed list or if you are not sure if your pet is considered a restricted breed please verify with us before applying. If a pet is a registered service animal, proper documentation must be provided at the time the application is received. If a pet is considered an emotional support animal, a doctor’s note from a licensed medical professional that is considered capable to deem such animal as an emotional support animal will be required at the time the application is received. Such a doctor’s note deeming an animal an emotional support animal must state that the Applicant has a medical condition that can be alleviated with such an emotional support animal. THERE WILL BE A SEPARATE PET APPLICATION AND FEE (per pet)https://resident.ourpetpolicy.com/signup. Please follow the link provided on the application questions.

Renters should know their rights surrounding service and support animals. For additional information feel free to visit HUD’s most recent notice. https://www.hud.gov/sites/dfiles/PA/documents/HUDAsstAnimalNC1-28-2020.pdf

SMOKING POLICY: NO SMOKING ALLOWED in the home or within 25 of the home and the surrounding neighbors. Smoking is considered to be the use of cigarettes, vaping, e-cigarettes, and other forms of smoking. Keyrenter does not allow smoking in or on the property, or within 25 feet of any entrance of the property or a neighboring property. Keyrenter reserves the right to not process applications and rent to applicants who smoke. Any exceptions to this are on a case-by-case basis and may require a higher deposit.

DEPOSIT REQUIREMENT: An initial deposit will be required within 24 hours upon approval of the application. The minimum deposit amount is listed within each listing for each available Property. Keyrenter reserves the right to increase the required deposit in instances when an application does not meet Income Requirements or Credit Requirements when there is a negative or lack of Rental/Residency History when there are one or more pets on the application a combination thereof.

RBP RENTAL REQUIREMENT: The Keyrenter Boise Resident Benefits Package (RBP) delivers savings and convenient, professional services that make taking care of your home second nature. By applying, Applicant agrees to be enrolled and to pay the applicable cost of $50/month, payable with rent. Your RBP may include, subject to property mechanicals or other limitations: Renters Insurance that meets all lease requirements from an A-rated carrier • Pest Assurance, powered by Pest Share, is a self-directed, on-demand, pest control service that includes the following pests: Bed Bugs, Fleas, Ticks, Weevils, and Mites. • HVAC air filter delivery directly to your door approximately every 90 days • Move-in concierge service: one call set up your utility services, cable, and internet services • A resident rewards program that helps you earn rewards for paying your rent on time • Credit building to help boost your credit score with timely rent payments • $1M Identity Protection for all adult leaseholders • 24/7 online maintenance reporting • $3,000 in Home buying assistance for when the time is right to buy your “forever” home • Online portal: Access to your account, documents, communication and payment options • Vetted vendor network: we find the technicians who are reputable, licensed, and insured • Renters Insurance (see below)

RENTERS INSURANCE REQUIREMENTS AND OPTIONS: The Landlord requires Tenant obtain liability coverage of at least $100,000 in property damage and legal liability from an A-rated carrier and to maintain such coverage throughout the entire term of the lease agreement. Tenant is required to furnish Landlord evidence of the required insurance prior to occupancy, at the time of each lease renewal period, and upon request.

To satisfy the insurance requirement, Tenant may either (1) be automatically enrolled into a policy that satisfies the coverage requirements as part of the Resident Benefits Package; or (2) obtain alternative liability coverage from an insurer of Tenant’s choice. The option Tenant chooses will not affect whether Tenant’s lease application is approved or the terms of Tenant’s Lease. • Option 1: Do nothing. Tenant will be automatically enrolled into an insurance policy as part of the Resident Benefits Package. No further action is required. Coverage will begin on the effective date of Tenant’s lease and continue throughout the lease term. Please refer to the evidence of insurance that is supplied by Keyrenter Boise for additional coverage details. The Resident Benefits Package monthly rate will be adjusted by the premium amount in the policy. • Option 2: Buy a policy. If Tenant prefers, Tenant may find, purchase, and maintain another policy that satisfies the Landlord’s requirements. The Resident Benefits Package monthly amount will be adjusted accordingly. Visit http://insurance.residentforms.com/ and follow the instructions listed there to provide evidence of the required insurance coverage to your Landlord. It is Tenant’s responsibility to pay premiums directly to your insurance provider. If the policy is terminated or lapses, Tenant will be subject to a lease violation fee of $25 and agrees to be subsequently enrolled into the policy referenced in Option 1 above.

MISCELLANEOUS APPLICATION INFORMATION: • The application is not considered complete until this fee is received. • Application fees are non-refundable, even if the Applicant is denied tenancy. • A text or email notification may be sent acknowledging the beginning of the processing of the application. Processing will not begin until the application is deemed complete. • All Applicants are judged on the same Rental Criteria. It is the Applicant’s responsibility to review the Rent, Criteria and to provide Keyrenter with the necessary evidential documentation and/or contact information to verify the information provided in the Application. Keyrenter reserves the right to decline any application for incomplete or untruthful information or documentation. Keyrenter also reserves the right to decline an applicant for the Applicant’s delay in providing Keyrenter with information and/or documentation needed to verify the Application. • Applications are processed in the order that they are received. • The questionnaire that follows takes approximately 20 minutes to complete. Keyrenter recommends that the Applicant double-check the information they provide to ensure there is no delay with processing the applicant: for residency.