"Proudly serving the Dallas / Fort Worth community with exemplary property management since 1984."

Qualification FAQ:

Employment

To lease a house you must be able to show that you have a job and can make at least 3 times the rent. If your rent is $500, you must make at least $1500 a month gross income. (That means income made before any usual deductions such as taxes, insurance or other expenses). If you are going for a 2 bedroom which rents for $800 and you have a roommate, the combined income between the two of you must be at least $2400 a month.

No owner will take you without a job. However, it is possible to rent a place with no job if you can either show proof that you have up to six months rent in your bank account, or you are actively looking for a job and can put three months rent up front on top of your first months rent. But this only applies to those who have already established job history and good credit.

Credit

Every owner will look at your credit, and everything will show up on your credit report, EVERYTHING. If you owe on credit cards, if you have had a bankruptcy, if your car was repossessed, if you walked on your last rental, if you defaulted on certain loans, (Including Student Loans), etc.

Owners will not rent to you if you have really bad credit, so it is very important to keep your credit clean. There are some apartments that will accept you with a co-signer, or depending on how bad your credit is, with a very high deposit. But these are also older places that are not always in the nicest of neighborhoods.

However, owners do not count it on your credit score if you have lots of outstanding medical bills.

Rent History

This is the very most important piece of the leasing puzzle. If you have bad rent history, you will be denied. How do you get bad rent history? You are either evicted from the property for various reasons or you break your lease and end up owing for the rest of your lease term.

If you do not have rent history when you go out to lease, some owners will work with you while others will not. The ones that will work with you will ask for either a co-signer or a double deposit or one months rent up front. But it is always better to have no rent history vs bad rent history.

Age

You must be at least 18 years old. There are also a few owners that require you to be at least 21 years old before you can lease one of their properties.

Number of people in the apartment

Two persons per bedroom

A Cosigner

A co-signer is a person who will also fill out an application along with you, and basically is responsible for the term of your lease and the money owed if you break your lease or become evicted. They are considered a Guarantor, which is a person who gives a formal promise to be responsible for someone else’s debts or obligations. If you break your lease, you and your Guarantor are both in big trouble. He is liable to pay out the rest of your lease term, and you both now have a big negative hit on your credit. Plus, Mom and Dad would not be too happy with you if that happened . . . especially if you talked them into being your Guarantor.

Pets

Almost 99% of lease homes are pet friendly places. However, each owner has their own policies regarding pets. Usually cats are fine and dogs up to 20 pounds are also welcome. But you will have less to choose from if you have a 50-pound or larger dog that will be coming with you. The deposits run anywhere from $200 to $1000 per pet and you can sometimes pay that deposit out in two payments. Owners will not accept an aggressive breed dog period. These breeds include Rottweiler, Pit Bulls, German Shepard’s, Doberman Pincher, etc.

What am I supposed to pay

First and foremost, you are responsible to pay your rent. You are also going to pay for your electric and water usage as well. If you want telephone, cable or internet connection, you will need to pay for that too. Some owners may offer you free basic cable and WiFi. You will rarely find an owner that volunteers to pay ALL the bills.

Filling out the application and signing the lease

The application is what you fill out and hand to the leasing agent with your deposit and application fee. They run the application through various credit checking companies to determine if you meet the property’s rental criteria. Whatever you do, DO NOT lie on the application. If you do and they find out, it is an automatic denial.

You may be accepted or accepted with conditions or denied.

  • All the owners now do a criminal background check to see if you have any felonies or misdemeanors. These are not good when they pop up on the credit report and the leasing agent was unaware. Automatic denial.

Resident FAQ

What if I need to move before my lease is up?

First you would need to notify us in writing of your intent to move. We will make every effort to mitigate any potential loss by trying to rent the home as soon as possible.

You will be held responsible for paying the rent through the end of your lease term or until the home is rented (whichever occurs first), plus you will be held responsible for any necessary costs and fees incurred by the property owner due to your breaking the lease.

Can I sublease?

No.

Can I paint or change anything in my rental home?

No. You may not alter the property in any way, unless you receive written permission from Ellis HomeSource prior to making a change. This should be submitted in writing, and you must wait until you receive written consent before making any alterations.

Can I get a pet anytime after I move in?

Yes you can, as long as the pet fits the weight limit and breed restriction that the owner has stipulated, and they allow pets in the home. You will have to pay a pet deposit and sign a pet addendum to your lease.

What happens if my roommate wants to move out but I do not?

If your roommate moves out, a written notice must be submitted to Ellis HomeSource. You and your roommates are jointly and severally liable to ensure that the rent is paid each month. You must have written permission from us to substitute a roommate and that new roommate must fill out an application and be approved by our standards.

No portion of the security deposit will be refunded to the roommate leaving. However if you can meet all the financial qualifications by yourself, then you can stay in the home and be the only one on the lease and responsible for the rent.

What is considered an emergency maintenance request vs a non-emergency one?

Emergency maintenance requests are active water leaks, flooding, sewer backups, sparks from appliances, gas odors, fire, etc. Non-emergency would be a burned out light, a cracked window, a filter that needs changing, etc.

Can the Owner force me to move during my lease?

No. The owner cannot evict you from the home unless you breach the lease agreement that you signed. Even if the owner wants to move back in to the dwelling, or sell the property, your lease will be honored through the expiration date.

What about renters insurance?

Ellis HomeSource highly recommends that you carry enough insurance to cover you and your personal property. There may be some owners who require you to show proof of renters insurance to qualify. Check with your insurance agent to get more information and rates.