Rental Requirements

Rental Requirements

Requirements

The following requirements and standards must be met in order to qualify to rent a residential property from Parkway Realty:
  • There is a $65 non refundable application fee required for each applicant 18 years of age and older who would reside in the property.
  • Each applicant must also submit a valid picture ID & their 2 most recent recent paychecks stubs
  • Applicants must have positive, verifiable rental history for a minimum of 1 year
  • Stable, verifiable employment history for a minimum of 1 year
  • Gross monthly income must be a minimum of 3x the monthly rent
  • If a co-signer is required, co-signer must also submit an application, provide the same documentation as the primary signer, and meet the same requirements except the co-signer must gross at least 5x the monthly rent and have excellent credit history, as well own property within the State of Alabama.

Restrictions

We cannot lease a property to you if:
  • You have any felonies within the last 10 years or any other convictions within the last 7 years
  • You are in an open Chapter 7 or Chapter 13 bankruptcy that has not been discharged
  • You owe any outstanding balance or debt (for rent and/or damages) to a current or previous landlord

There are no minimum credit score requirements

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