OKCREAL Qualification Requirements

    •    Application Fee: $35.00

 

OKCREAL wants you to succeed and will make every effort to approve your application. Please review the rental criteria below before applying. All applications are processed on a first-come, first-served basis, and OKCREAL only considers completed applications. Approval is valid for 30 days.

 

Application Terms

    •    Primary Applicant / Co-Applicant: Individuals aged 18+ residing in the home, financially responsible for lease payments, and signing the lease.

    •    Adult Occupant: Individuals aged 18+ who will reside in the home but are not financially responsible. All adult occupants will undergo a standard criminal background check.

 

Completed Application Includes:

    1.    A filled-out application via the secure OKCREAL portal (all occupants 18+ must have applications on file).

    2.    A clear copy of a valid government-issued photo I.D. in PDF, JPG, or PNG format (acceptable forms include a state driver’s license, state ID, U.S. passport, or valid foreign passport).

    3.    Payment of necessary fees.

    4.    Completion of criminal, rental, and credit history background checks.

 

Processing Time: Allow 24 to 72 hours for processing. Applications submitted on weekends or holidays will be processed the next business day.

 

Occupancy Limits:

    •    Maximum of two persons per bedroom, subject to local laws.

    •    Occupancy Standard:

    •    1 Bedroom: 2 Persons

    •    2 Bedrooms: 4 Persons

    •    3 Bedrooms: 6 Persons

    •    4 Bedrooms: 8 Persons

    •    5 Bedrooms: 10 Persons

 

Employment & Income Verification

    •    Income Requirements: Preferred combined gross income of 3.0 times the monthly rent.

    •    Documentation Required:

    •    Recent pay statements (last month) and two months of bank statements.

    •    Additional documentation may be requested.

 

Employment Verification:

    •    Currently Employed: Provide recent pay stubs and two months of bank statements. If less than 30 days with the employer, include all pay stubs and an employment verification letter.

    •    Future Employment: Offer letter plus one pay stub and three months of bank statements.

    •    Self-Employed: Three months of bank statements and a copy of the business license.

    •    Retired Residents: Current statement showing retirement income and three months of bank statements.

    •    Social Security/Disability: Award letter or recent bank statement showing deposits.

 

Credit Requirements

    •    A credit report will be obtained for all financially responsible applicants.

    •    All bankruptcies must be closed for at least 30 days for consideration.

    •    Default property credit ratings will determine security deposit levels:

    •    600 or higher: 1-month deposit

    •    560-599: 1.5-month deposit

    •    550 or below: Declined

 

Lower credit scores/income may be accepted with a higher deposit. Call for details on specific properties.

 

Rental History

    •    Previous residence payment history may be contacted.

    •    Applicants with landlord/tenant records or evictions in the last three years will require management approval.

 

Criminal History

    •    A criminal history check will be conducted for all applicants 18+. Applications may be denied for:

    •    Any felony within the past seven years.

    •    Serious misdemeanor convictions within three years.

    •    All forcible sexual crimes and sex offender registrants.

Application Denial

    •    Incomplete applications or falsification of information will result in denial and forfeiture of fees.

 

Pet Policy

    •    Maximum of three pets allowed.

    •    One time Pet Fees: (or $20 per pet per month)

    •    $350 for one pet

    •    $500 for two pets

    •    $700 for three pets

    •    All pets must have up-to-date rabies vaccinations; records must be submitted as required by law.

Contact for specific property pet policies and additional requirements.

 

Fees

    •    Security deposit holds the property for 14 days rent-free. Longer holds may be arranged.

    •    Application Fees: $35 per adult occupant, non-refundable.

 

Additional Notes

    •    Non-resident co-signers must have a credit score of 620+ and earn 4x the monthly rent.

    •    OKCREAL complies with Fair Housing laws and does not discriminate based on race, color, religion, sex, handicap, familial status, or national origin.

By submitting an application, applicants acknowledge that approval is based on the criteria above and that applications are not lease agreements.