Qualification Requirements

The following is an abbreviated version of the FirstKey Homes rental terms and conditions. Please read the full terms and conditions on the application before applying.

The following is the Resident Selection Criteria for FirstKey Homes. It may be revised, modified, or updated at any time by FirstKey Homes, LLC at the discretion of FirstKey Homes, LLC. Applicants applying to homes inside homeowner’s associations (HOA’s) or other municipalities may be subject to additional qualification criteria. Residents under previous Landlord-Tenant contracts currently occupying homes under FirstKey Homes ownership herein, does neither confirm nor guarantee that residents meet FirstKey qualification standards.

The following general occupancy standards apply based on 2 persons per bedroom, plus one per home. (Occupancy standards may vary by region based on local laws.)

Call us at 844-395-3959 if you have any questions.

Application+

  • All adults, 18 & older or considered to be adult deemed by law, are required to complete application in its entirety.
  • By acknowledging the terms and conditions set forth in the FirstKey Homes criteria, Applicant confirms all information provided is true and accurate. Any falsification or doctoring of documents results in an automatic denial.
  • Applicants are required, unless otherwise noted, to pay a non-refundable application fee to authorize background check and additional qualification processes.
  • Applicant(s) will be charged a $500 holding fee in addition to the application fee. If Applicant is approved and moved in, the $500 holding fee will be applied to your move in funds (excluding security deposit). If Applicant is approved and does not move in, holding fee is forfeited. If Applicant is denied, holding fee is refunded.
  • All Applicants are required to furnish valid identification. Non-US citizens applying to a home may be required to present information acknowledging the individual’s right to live in the United State through the duration of the lease term.

Age+

Applicants must be 18 years of age or older unless deemed to be an adult under applicable law with respect to the execution of contracts.

Credit Requirements+

  • A review of credit history will be entered to a scoring model to determine credit worthiness to the applied home.
  • Applicant(s) may be denied if no credit score can be obtained.
  • Open bankruptcies may result in an automatic denial of the application.
  • Scores that are considered moderate to high risk my result in an increased security deposit.
  • Applicant(s) are subject to further verification at the request of FirstKey representative.

Income+

  • Combined household income must be equal to a minimum of three (3.0) times the monthly rent.
  • If a household has more than three (3) Applicants, Landlord will use only the 3 highest qualified incomes in calculating the combined household income.
  • Applicants that do not meet credit scoring criteria will not be counted towards income qualification.
  • Employment- Applicants that are employed will be asked to provide proof of income for the past four (4) consecutive weeks, unless otherwise advised by a representative of FirstKey homes.
  • Additional Income Sources- Social Security, Child Support, Disability, Retirement, and Bank Statements are accepted.
  • All income should be verified and evidenced by the source of income. If income is not verifiable, FirstKey Homes may request additional information for verification.
  • Job Transfer/New Role- Applicant’s with an offer of employment or transfer of role in their existing employer are required to furnish an Offer Letter and/or Transfer Letter on employer letterhead confirming terms of compensation and start date. Letter should be signed and dated by offeror.
Landlord may elect to accept pre-paid rent or qualifying Guarantor in instances where income is deficient and cannot be met.

Rental History+

  • Prior Evictions, filed or enforced, may result in an automatic denial of the application.
  • Any outstanding debt/judgement owed to any prior landlord may result in a denial.
  • Landlord may request rental verification if rental history cannot be verified.

Guarantors+

  • One (1) Guarantor per household is allowed.
  • Guarantor is subject to increased credit worthiness and must prove income of four (4) times the monthly rent or greater.
  • Guarantor is required to sign, and be held financially responsible to the terms set forth in the lease.

Occupancy Guidelines +

The following general occupancy standards apply based on 2 persons per bedroom, plus one per home. (Occupancy standards may vary by region based on local laws.)

Number of Bedrooms Number of Persons
One Bedroom Three Persons
Two Bedroom Five Persons
Three Bedroom Seven Persons
Four Bedroom Nine Persons
Five Bedroom Eleven Persons

Residents who exceed these occupancy standards during the lease term, will be required, upon the end of the current lease term, to either:

  • Transfer into another available home which has more bedrooms; or
  • Move out

Security Deposit+

  • Applicants that are approved and wish to move forward with a lease are subject to paying a security deposit.
  • Security deposits may vary dependent of market, credit/risk score, other various qualification factors.
  • If an approved Applicant pays a security deposit and later decides to not move forward with a home, security deposit may be forfeited in its entirety.

Pets and Animals +

  • Unless at the written approval from the Landlord, no more than three (3) pets are allowed in the home.
  • Unless deemed restricted by local city or county ordinance, pets are allowed.
  • Some dog breeds are restricted, that include: Pitbulls, Rottweilers, German Shepherds, Doberman Pinchers, Staffordshire Terrier, Akita, Wolf-Hybrids, or any mix of the listed breeds.
  • Assistive Animals for persons with disabilities are not considered to be pets and are not subject to the pet restrictions bestowed in this section. Assistive animals require Landlord’s advanced written authorization.
  • Exotic and/or poisonous animals are not permitted regardless of whether the animal is a pet or an assistive animal.

Criminal History +

  • Each Applicant is subject to a criminal background check.
  • Criminal histories presented through applicant screening report pertaining to weapons, drugs, violence, or any other act that poses a threat to household, neighborhood, vendors, First Key employees, or the physical property itself, may result in a denial.
  • Denied Applicants may request reconsideration of Landlord decision by providing additional information to assist Landlord in its review of criminal findings.

Renter’s Insurance Requirement +

Residents are encouraged to carry Property Loss and Personal Liability Insurance coverage. In addition, we ask that you identify the home as a “Party of Interest” or “Interested Party” (or similar language as may be available) on the renter’s liability insurance policy. Proof of this coverage is required at lease renewal and/or time of possession. Discounted insurance is available please ask your leasing agent for more details. Water Furniture will only be allowed with proof of fully paid insurance for the term of the lease.

Commitment to Equal Housing +

FirstKey Homes is pledged to the letter and spirit of all applicable state and federal fair housing laws, including, without limitation, the Fair Housing Act (Title VIII of the Civil Rights Act of 1968, as amended), for the achievement of equal housing opportunities for all rental applicants and Residents throughout each of the states in which we operate. We encourage, foster and support an affirmative advertising, marketing and rental program in which there are no barriers to obtaining or enjoying housing because of race, color, religion, sex, handicap (disability), familial status, national origin or any other class of persons recognized under any applicable federal, state or local laws, rules or regulations. In addition, it is FirstKey Homes policy to make reasonable accommodations for persons with disabilities in accordance with applicable fair housing laws.

Reason For Denial +

If an Application is denied, Landlord or Landlord’s agent shall within ten (10) days or upon written request of the Applicant, state the basis for said denial to Applicant.

Falsification of Application +

Any falsification in Applicant’s paperwork will result in the automatic denial of Application. In the event that an Applicant falsifies his/her paperwork, owner has the right to hold all application fees and hold deposits paid to apply towards liquidated damages. Owner may also terminate the lease if falsification is discovered after lease signing.

Application Does Not Create a Lease +

This application, even if accepted, shall under no circumstances be considered a lease agreement between Applicant and Landlord, or an offer to lease. No lease shall exist between Applicant and Landlord unless and until the parties enter into a formal Lease Agreement and Applicant pays all required fees, security deposits and rent.

Reminder to please read the full terms and conditions on the application before applying.

FirstKey Homes is a licensed real estate broker in each state in which it operates. FirstKey Homes does business in Florida, Georgia, Indiana, Kansas and Tennessee as FirstKey Homes, LLC. FirstKey Homes does business in Illinois as FirstKey Homes of Illinois, LLC and in Missouri as FirstKey Homes of Delaware, LLC.

Georgia: 770-726-0204
Florida: 800-517-0588
Illinois: 630-634-5041
Indiana: 317-762-6650
Kansas City, MO: 816-523-1448
St. Louis, MO: 314-665-1932
Tennessee: 901-614-0630

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All Rights Reserved.

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