Thank you for choosing John C. Formant Real Estate, Inc. as your place to shop for a new address. The following instructions have been developed to assist you in the application process and to help ensure that all prospective applicants are treated equally. Please read the instructions and policies carefully and let us know if you have any questions.
The Application Procedure
To apply for a rental unit, please follow the “Apply Now” link on the property listing on our Rental Listings page. Applications are accepted strictly on a first come, first serve basis. In the even that a property receives multiple applications the first application from a fully qualified applicant will be accepted. Applications are not deemed received until applications from all adults to be living in the property are received together with an application fee. Applicants will be provided a provisional acceptance shortly after submitting their applications and will then be given 24 hours to make a non-refundable deposit of one month’s rent. If the deposit is not received within 24 hours, the property will be placed back on the market for rent and will be re-rented. Applications submitted without the required fees will be considered to be incomplete. In the event an application is submitted with all fees and deposit but is thereafter not approved, the deposit shall be refunded.
Each adult intending to occupy the premises will need to fill out an application and submit the required application fee. The names of all adults permitted to occupy the property will be included on the lease.
A $35 non-refundable application fee shall be submitted with each application.
All adults are required to provide a valid picture ID issued by a state or local government. Applications are also required to submit proof of employment and income (e.g. a recent paycheck stub and/or letter from your personnel department), and a rental reference. We accept all forms of income.
Qualifying for a Rental Property
The qualifying applicant will meet the following criteria:
- Annual income will be equal to or greater than 40 times the monthly rent
- Credit history must be acceptable with a minimum FICO score of 660, with no outstanding liens or judgements or late payments 30 days or more for the past 2 years.
- Total monthly debt must not exceed 36% of the applicant’s monthly income
- A nationwide check of the landlord/tenant court records will be performed to establish that no suits have been filed by prior landlord
John C. Formant Real Estate, Inc. conducts business in accordance with Federal and District of Columbia Fair Housing Laws.
- Guarantor Application
- Rental Reference
- Guarantee Agreement
- Move-in Letter
- Sample Lease
- Lead Disclosure
- Title 14
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