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 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.


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 credit report will be completed on all applicants to verify credit ratings. Income plus verified credit history will be entered into a credit scoring model to determine rental eligibility and security deposit levels. Unfavorable accounts which will negatively influence this score include, but are not limited to: collections, charge-off, repossession, and current recent delinquency. Open bankruptcies will result in an automatic denial of the application.

Additional security deposits will be required for all credit recommendations below an accept level, not including a denied application.


Gross income for all applicants in one home will be combined and entered into the credit scoring model for income eligibility. Applicants must have a minimum combined gross income of 3 times the monthly rent.

Monthly Rent = $1,000.00
Minimum Combined Monthly Gross Household Income = $3,000

*We consider many factors when evaluating applicant’s ability to pay rent. The example above is for illustrative purposes only and does not guarantee that you will be approved. Some credit scoring results will necessitate further income verification. In such instances, verification with employer will be completed or applicant may be asked to produce additional financial statements/records.

Additional sources of verifiable income may be considered. These sources may include: child support, grants, pensions, GI benefits, disability, trust funds, social security and savings accounts

Self-Employment, Retired or Unemployed+

Such applicants must provide the previous year’s income tax return and the previous two month’s bank statements, or twelve months of financial statements and must exhibit no negative references. Seasonal employment must be verified by providing the prior year’s tax return.

Rental History+

Some credit scoring results will necessitate an evaluation of verifiable rental or mortgage payment history for the last 24 months. In these instances, applicant must have a minimum of 6 months cumulative verifiable rental or mortgage payment history within the last 24 months. In such instances, if a previous landlord cannot be contacted, 6 consecutive months of proof of payment must be verified and a copy of the lease contract must be provided. Applicants not having verifiable rental or mortgage history will have to pay an additional security deposit equal to one month’s rent.


Guarantors will be accepted for applicants who do not meet the required rent-to-income ratio or who are denied on credit. Only one guarantor per home is permissible. For guarantor-supported applications, an additional application fee will be required. The security deposit level will be based on the credit analysis. The guarantor will be required to complete an application and pay a full application fee. Guarantors must have a gross monthly income of 4 times the monthly market rent and meet all other qualifying criteria identified in this screening policy. The guarantor will be asked to sign a Guaranty of Resident Obligations to support the application. Guarantors may be relatives or an employer.

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 Levels +

The results of the credit score will determine the amount of the security deposit. Security deposits start at a full month’s rent. Additional deposits may be required for contingent scores. Section 8 applicants qualifying criteria and deposit levels might vary. Please see your leasing agent for details.

Pets and Animals +

Pets are generally allowed, but must be approved. (Service animals assisting residents and guests with disabilities are always permitted.) No more than three animals are allowed per home, except for fish. Animals must be no less than six (6) months of age. Pet fees will be charged. Aquariums will be allowed with a 20-gallon maximum only with proof of insurance for the entire term of the lease. Please confer with your leasing agent on any questions not answered here.

Restricted Animal List (included but not limited to)

  • Poisonous Animals: Tarantulas, Piranhas
  • Exotic Animals: Ferrets, Skunks, Raccoons, Squirrels, Rabbits, Birds (parrots, cockatiels, macaws)

Criminal History +

A criminal background check will be conducted for each applicant and occupant age 18 years or older. Please read our complete terms and conditions for further information.

Please note that applicants may be denied if convicted of the offenses listed.

Offense Felony Misdemeanor
Crimes Against a Person or Property 10years 3 years
Drug Related Offenses 10 years 3 years
Theft By Check Related Offenses 10 years Approved
Worthless Check and/or Bogus Check Related Offenses 10 years Approved
Sex Related Offenses and Terrorism Related Offenses Declined Regardless of time
Prostitution Related Offenses 10 years 3 years
Weapons Related Offense 10 years Approved
Cruelty To Animals Related Offenses 10 years 3 years
Any Other Felony Offense Felony offenses that do not fall within categories above, (ex: traffic, DUI) 10 year timeframe; 5 years for felony DUI
Deferred Adjudication and/or Adjudication Withheld Off probation/parole for 5 years
Pending Cases and/or Arrest Warrants Approved
Active Status on Probation and Parole Off probation/parole for 5 years

Renter’s Insurance Requirement +

Residents are required 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 Conditional Recommendation +

This occurs on applicants with little or no credit history. In such cases, additional checks for rental and income/employment will be completed. If the criteria is met in these checks, an additional security deposit may be required. On rental history, applicant must have 6 months of positive rental history within the past 24 months. When no rental history exists, an additional security deposit is required. A criminal background check must be approved before further approval consideration is given.

Reason For Denial +

If this Application is denied, Landlord or Landlord’s agent shall within ten (10) days thereafter and upon the written request of 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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