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21550 Foothill Blvd. Suite 201
Hayward, CA 94541

Qualifications To Rent

Qualifications To Rent (PDF)


****CAUTION: READ THIS BEFORE STARTING THE ONLINE APPLICATION PROCESS****


Some properties accept pets if authorized in writing by Aapex Property Management, and if the owner has agreed to participate in the "Preferred Pet Program". Each person who is 18 or older that will be living in the unit must submit an application. Some properties take Section 8 vouchers. All of our properties are non-smoking.

  • Each person who is 18 or older that will be living in the unit must submit an application, even if they are not employed or have no credit. We will run a credit report on each person. Whether the application is accepted or not, any application fees paid are non-refundable.
  • We approve applications on a "first come first served" basis for all applications that fully meet the requirements and do not require an increase in the security deposit. All approved applications are valid for up to thirty days. With a $10 renewal fee per application, an application can be renewed for an additional thirty days.
  • Upon approval of your application, the security deposit must be paid by cashiers' check or money order. We do not hold a property for an approved applicant until the security deposit is received. We can hold the property for up to 2 weeks after the security deposit is received. The security deposit is not the last month's rent. Ask about our Security Deposit Program if you want to make payments on your deposit.
  • The entire first-month's rent is due on your move-in date and must also be a cashiers' check or money order. Keys will not be released until a full first-month's rent is paid.
  • Misrepresentation or inconsistency in your application or supporting information will result in an automatic denial of your application.
  • If you fully meet all of the requirements, the security deposit is equal to one month's rent. If you don't fully meet the requirements you may still qualify with a higher deposit if you application if the best qualified under our guidelines. If you have an increase to the deposit of more than 100% your application will be denied.
  • We allow 2 people per bedroom.
  • All of our properties are non-smoking.
  • A rejected application may not reapply for a period of 12 months. If one or more applicants do not qualify, we will not rent to the remaining applicant(s). Please do not ask us to make any exceptions for your particular case, because that would not be fair to other applicants who were denied.

AAPEX Resident Qualification Standards:

All applications are approved on a first come, first served basis. This applies to applications that are approvable with no increase in security deposit (Platinum or Gold as listed below). In the event that an increase in security deposit is needed and there are multiple sets of applications, applications will be approved on a best-qualified basis.

All applications will be approved, approved with an increase in security deposit or denied, no later than 24 hours from receipt of the application (or the end of the next business day if submitted on the weekend or a holiday).

All applications must be accompanied by a document that verifies income, a picture ID issued by the state or federal government and the application fee. If an application is missing any of these items, one contact will be made requesting these documents; if they are not supplied within 24 hours from receipt of the application, the application will be automatically denied. Applicants will be approved based on their credit score, verification of income and landlord references. If we are not able to verify a positive landlord reference within 24 hours of receipt of the application, the applicant will be notified via email that it is their responsibility to contact their landlord to get them to contact us if they wish to be approved.

Multiple applicants: In the event that there are multiple co-applicants, each adult applicant must submit a separate online application within 24 hours of the original applicant.

  • If the application for all of the co-applicant(s) is not received within 24 hours of the original applications, the original application(s) will be denied.
  • If one co-applicant qualifies independently on credit, income and landlord references (see approval categories below), all other co-applicants still must submit applications to be added to the lease, but will not be subject to the approval requirements below.
  • If no one co-applicant qualifies independently on credit, income and landlord references (see approval categories below), all co-applicants must submit an application and meet the approval requirements below. The co-applicant with the lowest approval grade (highest security deposit increase) will dictate the approval level and therefore the security deposit for the group. If any one applicant does not meet one of the approval levels as stated below, the group will be denied.

There are four (4) categories of approval for applications. They are:

  1. Platinum applications - These applicants are Platinum due to their excellent credit score and increased income. Platinum applicants will be approved based on their credit score and verification of income. No increase in security deposit will be required.
    1. Platinum requirements
      1. A credit score of 720 or more
      2. 3.5 times the rent in gross income or more
      3. Landlord references will be requested but not required for approval
      4. No increase in security deposit
  2. Gold applications - These applicants are Gold due to their high credit score. No increase in security deposit will be required.
    1. Gold requirements
      1. A credit score of 680-719
      2. 3.0 times the rent in gross income or more
      3. Positive Landlord Reference 3 years or more
      4. No increase in Security Deposit

    Silver - These are Silver due to their credit score or less than 3 years’ landlord references. A 50% increase in security deposit will be required.

    1. Silver A requirements
      1. A credit score of 680 - 719
      2. 3.0 times the rent in gross income or more
      3. Positive Landlord Reference 0-3 years
      4. 50% increase in Security deposit (due to less than 3 years of landlord history)

      OR

    2. Silver B Requirements
      1. Credit Score 600-679
      2. 3.0 times the rent in gross income or more
      3. Positive Landlord References 3 years or more
      4. 50% increase in security deposit (due to lower credit score)

    Bronze - These are Bronze due to their credit score and less than 3 years’ landlord references. A 100% increase in security deposit will be required..

    1. Bronze Requirements
      1. Credit score of 600-679
      2. 3.0 times the rent in gross income or more
      3. Positive Landlord reference 1 - 3 years
      4. 100% increase in the Security Deposit (due to lower credit score and less than 3 years Landlord reference)

    Pets - adding an approved pet to the lease will require a 25% increase in the security deposit. The rent will be increased by $25 per pet with a maximum of 2 pets per property. Tenant must also participate in the Pet Program with the appropriate inspections and fees associated with that program.

    In the event that the total required security deposit increase for any application would exceed 200% of the rent, the application will be denied.

Aapex Property Management
21550 Foothill Blvd. Suite 201,
Hayward, CA 94541
510-293-3530

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