OKCREAL Qualification Requirements:
Please review the rental criteria below before completing your application. Please be aware that OKCREAL receives multiple applications per property. As a result, all applications are processed on a first-come, first-serve basis. OKCREAL only reviews and considers completed applications. Applying to lease a property from OKCREAL does not guarantee approval or create a binding lease agreement for the home. Approved applications will only be valid for 30 days from the approval date.
Primary Applicant / Co-Applicant: All individuals aged 18 and over who will reside in the home, are financially responsible for making lease payments, and will sign the lease agreement and uphold the lease obligations. The applicant who starts the application process is referred to as the “Primary Applicant.” All others with similar responsibilities are referred to as “Co-Applicants.”
Adult Occupant: All individuals aged 18 and over who will reside in the home who are not financially responsible for making lease payments but must uphold all other lease obligations. All adult occupants will undergo a standard criminal background screening.
A completed application* consists of:
A filled out and submitted application via the secure OKCREAL application portal, including all individuals 18 years or older who will be occupying the home. All sections of the application must be completed for the application to be processed. This includes all required documents under the employment/income verification section below.
A clear and legible copy of a valid & up-to-date government-issued photo I.D. document must be uploaded in pdf, jpg, jpeg, or png format. Acceptable forms of I.D. include:
State-issued driver’s license
State-issued identification card
U.S. Passport or Passport Card
U.S. Permanent Resident Card
Valid foreign passport (must provide a valid work visa issued by the U.S.)
Payment of all necessary fees (see “Fees” section below); and
Completion and passing of criminal, rental, and credit history background checks**
Please allow 24 to 72 hours for your application to be processed. If an application is submitted during the weekend or a holiday, that application will be processed the following business day. If you need to call back with more information regarding your application, please do so within this time frame.
Please remember to stay safe on the web and avoid rental fraud. Our rental applications can only be submitted through our secure online portal at okcreal.com.
OKCREAL reserves the right to request additional documentation at any time during the screening process to validate applicant(s) disclosed qualification requirements. By signing and submitting an application via the OKCREAL website, the applicant consents to such additional documentation requests, which may be necessary to review and validate applicant qualifications.
** All applications are reviewed following established screening criteria and using services of TransUnion, a third-party screening provider, for credit and criminal background checks. TransUnion Dispute Department is located at P.O. Box 2000, Chester, PA 19016 and can be reached by visiting www.transunion.com or calling 888-710-0270.
The allowable occupancy cannot exceed two persons per bedroom unless dictated by local, state, or federal law.
One Bedroom: Two Persons
Two Bedrooms: Two Persons
Three Bedrooms: Six Persons
Four Bedrooms : Eight Persons
Five Bedrooms ; Ten Persons
Employment & Income Verification:
-Applicants must have a minimum combined, verifiable gross income of 3.0 times* the monthly rent amount.
-All applicants must provide their previous month’s pay statements/stubs and the prior two months’ personal bank statements. -You may instead provide financial statement(s) verifying an average balance over the past three (3) consecutive months that is equal to 3x annual rent in lieu of paystubs.
** Additional income documentation may be requested for verification purposes. All income documentation must be uploaded in pdf form.
Employment will be independently verified during the screening process. Any delayed response to the employment verification request may result in a delay or declination of the application approval.
See below for more information on the income verification requirements based on employment status:
Employee Verification Requirements: Currently EmployedPay stubs for the last 30 days (Weekly pay period = 4 paystubs, Bi-Weekly = 2 paystubs, Monthly = 1 paystub), AND 2-months worth of bank statements. Applicants who have been with their current employer for fewer than 30 days shall provide all paystubs received AND an Employment Verification Letter confirming the date of employment and the terms of compensation.
Future Employment (starting a new job)Offer letters on their own will not be accepted as proof of verifiable income. Applicant(s) must provide an offer letter with at least one (1) corresponding paystub and at least three (3) months of bank statements. Alternatively, applicant(s) may provide financial statement(s) verifying an average balance over the past three (3) consecutive months that is equal to 3x annual rent.
Self-EmployedBusiness must have been in operation for at least 90 days prior to the application date. Three months of most recent bank statements AND a copy of the business license evidencing ownership.
RetiredCurrent statement showing pension, IRA, or any other supporting retirement income from the issuing agency, AND three months of most recent bank statements showing the deposits of retirement income.
Social Security, Disability, GI, or other benefitsAward letter, a statement from issuing agency, or a recent bank statement showing deposits Child Support and AlimonyAward letter (if available) AND three months of most recent bank statements showing the deposits of support.
Financial AidFormal financial aid documentation that specifically reflects room & board allowance. Aid must be currently active.
Bank statements MUST be uploaded in original PDF format obtained directly from a financial institution.
*Underwriting requirements may vary by client and are subject to state and local laws.
**To qualify, financial statements may include proof of funds from checking/savings accounts, stocks/exchange-traded funds, mutual funds, and money market funds. Funds cannot include 401k/retirement accounts unless the applicant is the required age/eligible to withdraw from retirement accounts without penalty.
Additional documentation may be requested in addition to the documents listed above.
Housing Choice vouchers may be accepted based on property and location :
Do we accept Section 8 in Oklahoma?
Landlords in Oklahoma are required to comply with state and local fair housing laws and equal opportunity initiatives—including Section 8. So as long as you meet the application requirements no landlord can deny an applicant because of a voucher.
A credit report will be obtained from a third-party agency on all applicants who are financially responsible for lease payments. Collections, charge-offs, absence of credit, foreclosures, repossessions, inquiries, and delinquencies may be considered during the credit report review. All applicants must have a credit score of 600 or higher, subject to local or state laws. All bankruptcies must be closed for at least 30 days for an application to be considered. Only one closed bankruptcy during the past seven years is allowed (debts must be paid off or discharged); any open or additional bankruptcies shall be cause for application declination.
*LOWER CREDIT SCORES CAN BE ACCEPTED WITH HIGHER DEPOSIT
Credit ratings shall determine security deposit levels as shown below:
600 or higher: 1-month security deposit
560-599: 1.5-months security deposit
560 or below: Ineligible
*Non-Resident Guarantors, regardless of state/city, are required to have a credit score of 620 or higher and must earn 4x net the monthly rent.
No Credit Score?
**If no credit score is available AND no credit report is available, the application may still be considered, but the applicant(s) must earn a gross monthly income equal to 5.0 times the total rent for the home selected, and a 1.5-month security deposit would be required if approved, subject to state and local laws.
Applicants rental history shall be evaluated for an approval determination, subject to all state and local laws.
Applicant(s) that reflect Landlord/Tenant records of any kind and rental housing related civil judgments within 3 years of the application date are automatically declined.
A criminal history verification will be conducted for all applicants over the age of 18 using a third-party agency. The application will be denied for the following criminal convictions/records:
Any felony conviction/record within the past seven years
A felony conviction/record for certain types of violent crime(s), arson offenses, robbery-related offenses, drug sale and manufacture offenses, and/or non-forcible sexual crimes within the past ten years
Misdemeanor convictions/records within three years
All forcible sexual crimes and sex offender registrants will be declined regardless of time.
An OFAC (Office of Foreign Assets Control) search report will be completed for each application. Any applicant that appears on an OFAC list is subject to automatic denial.
These requirements do not constitute a guarantee or representation that residents or occupants currently residing in our homes have not been convicted of or are subject to deferred adjudication for a felony, certain misdemeanors, or sex offense requiring registration under applicable law. There may be residents or occupants that have resided in one of our homes before the implementation of this policy. OKCREAL's ability to verify this information is limited to the information made available by the applicant and third-party credit reporting services utilized. Applicants and/or residents who are convicted of any of the above-listed offenses after lease application may be subject to the forfeiture of all fees paid to reserve the home or eviction if the conviction/record occurs after occupancy.
Failure to provide all required documentation will result in a denied application and the forfeiture of all fees paid to reserve the home. Any determination of falsification of an application is grounds for immediate and automatic denial, as well as forfeiture of all fees paid to reserve the home and will deny the right of future occupancy.
Applicant(s) that reflect Landlord/Tenant records of any kind and rental housing related civil judgments within 5 years of the application date are automatically declined.
A maximum of three pets is allowed in the home.
Pet Fee*: Pet owners are required to pay a non-refundable pet fee of $350 for one pet, $500 for two pets, and $700 for three pets, in addition to paying the $20 per pet, per month fee during their lease. (specific properties may have stricter requirments)
ALL animals on the premises are required to have up-to-date vaccination. Applicants must submit vaccination records, along with other application documents, via the resident portal.
Livestock and exotic animals are not permitted on the premises or within the home. Exotic animals include but are not limited to snakes, spiders, lizards, and mice. Livestock animals include but are not limited to chickens, cows, goats, pigs, and roosters.
Dog Breed Restrictions: Breed restrictions vary by client and are subject to all local and state laws as well as HOA’s.
*Pet fees do not apply in all states and are subject to all local and state laws
Once the security deposit is paid we will hold the property for you for up to two weeks prior to moving in :) Feel free to call with questions! 405-256-2156
Application fee(s) (if applicable)– $35* per adult occupant (all occupants 18 years of age or older)
Application fees are non-refundable.
Pet fee(s) (if applicable) – $20 per month per pet*
*Application and pet fees may not apply to some properties call to inquire if your home needs pet fee.
Monthly fees may include:
Landscaping Fees (if applicable)
Trash Fee (if applicable)
Utility Management Fee (only if power/water is included in rent) – $11.99 per month
Pool Maintenance Fee – a monthly pool maintenance fee may be charged for homes with swimming pools
SmartLock Fees – $4 per month (if applicable)
Pet fee – $20 per month per pet (if applicable)
Fencing Options (if applicable)
Septic Maintenance – $20 per month (if applicable)
If a property is located in a community governed by an HOA, the HOA may have its own resident and lease approval process. OKCREAL’s approval of the lease application shall be subject to the HOA’s approval, and the HOA may require additional information and documentation. HOA approval may take up to 30 additional days to process. Please plan accordingly and contact us for more details.
OKCREAL does business in accordance with the Federal Fair Housing Law (The Fair Housing Amendments Act of 1988). Agents understand that it is illegal to discriminate against any person because of race, color, religion, sex, handicap, familial status, or national origin. This applies to the sale or rental of housing or residential lots. It also applies to advertising, the sale or rental of housing, and the financing or appraisal process. In addition, blockbusting is illegal. To assure residents or buyers that we don’t discriminate, we display Equal Housing Opportunity posters in our office and have its logo printed on our application forms.
By submitting this application, the applicant(s) acknowledge(s) and accept(s) that the lease application will be approved or rejected based on the information above, and that a completed application(s), even if accepted/approved, shall under no circumstance be considered a lease agreement between applicant (s) and Landlord. Falsification of any information on the lease application, provided documentation, or incomplete documentation will result in a decline of the application. Applicant(s) also agree(s) to submit all documents necessary to complete the application within 72 hours of the application date. All information must be verifiable.