Screening Criteria and Fee Disclosure

THE APPLICATION FEE OF $45.00 PER ADULT IS NON-REFUNDABLE

Each adult 18 and over must complete a separate online application. It is in your best interest to read and fully understand our rental criteria to ensure that you meet the rental requirements before applying.

NOTE: If you are a group, we will not begin the screening process until all online applications for the group have been submitted.

APPLICATION PROCESS AND SCREENING CRITERIA

Clockwork Property Management is committed to conducting business in accordance with Federal and California fair housing laws. Each occupant 18 and over must complete an online application and pay the $45.00 application fee. Our screening process looks at a combination of factors, including but not limited to:

• • Credit History

  • Employment Verification and History

  • Income Verification

  • Rental Verification and History

  • Criminal Background Check

  • Terrorist Database Search

  • Animal Criteria

Identification

Each applicant is required to provide a copy of a legible government issued photo identification card.

Income & Employment Verification

Income is verified through various documents including pay stubs, bank statements, earnings statements, tax returns, etc. Self-employed applicants s are required to submit at least 2 years of tax returns and 3 recent months of business bank statements. Your employment history should reflect at least 6 months with your current employer. Transfers or relocations must have correspondence showing an accepted job offer. Any verification fees required by the employer must be paid by applicant.

Rental Verification & History

We require verifiable residence history for at least 3 years. Applicants are responsible for providing information including the names, addresses, and phone numbers of landlords with the dates of tenancy for the previous 3 years. Applicants should also notify their previous landlords and advise them that a rental verification will be made. Home ownership will be verified from a current credit report and MLS reports. Any evictions in your rental history will severely lower your chances of being approved. All extenuating circumstances will be considered and may lead to a maximum security deposit and additional charges.

Credit History

We will obtain a copy of your screening report and FICO score from AppFolio, Inc. and Experian. You cannot provide your own report, we are required to obtain this information ourselves. Favorable credit histories and scores will give you a higher chance of being approved. Any applicant with a bankruptcy in the past three years will not qualify.

Multiple Applicants in Group

All applicants will be screened and given consideration as an overall group. If applicants with strong credit profiles apply with weaker applicants, we consider the whole group and base our decisions on a combination of factors. One strong credit profile in the group does not automatically guarantee an approval.

Criminal, Sex Offense, and Terrorist Database Check

We check these databases for all applicants 18 and over. As a precaution to the safety of other residents and neighbors we do not rent to any person required to register as a sex offender. Circumstances related to criminal convictions are evaluated on an individual basis. Criminal backgrounds involving violent crimes, prostitution, domestic violence, the illegal possession of weapons, or the sale or manufacturing of illegal substances can be grounds for denial. We do our best to evaluate all circumstances fairly and objectively. Provide as much detail as possible concerning any criminal conviction.

Errors & Omissions

Every effort is made to provide you with reliable and accurate information regarding the home you are applying for. However, changes can and do happen to cause inaccurate information to be accidentally presented. We encourage all tenants to verify schools, allowable pets, expected features, or any HOA concerns prior to signing a lease agreement. Any information posted in our printed and online advertisement does not constitute a written agreement or guarantee of the facts stated.

RESIDENT BENEFIT PROGRAM

The Resident Benefit Program is designed to provide convenience to our tenants by providing several services and liability protections which waives the renters insurance requirement. The coverage protection is under Clockwork’s Master Policy and applies to each home under management.

Coverage and Benefits:

All tenants are required by their lease to carry property damage liability coverage.  To provide the required liability coverage and to keep the cost low Clockwork has developed our Resident Benefit Program.  This program waives the renters insurance requirement and protects tenants and landlords from negligence acts. Tenants receive the benefits of the coverage without additional applications, credit checks, or billing.  The tenant will be billed $25 monthly for the following coverage and benefits. 

Liability limits - $100,000

Personal contents - $10,000

Medical expenses - $3,000

Additional living expenses - $3,000

Deductible - $1,000

• • Utility Concierge Service

  • Free VIP assistance for fast set-up of utilities, internet, and cable with just one phone call.

  • Rental History Credit Reporting to Experian “RentBureau”

  • Receive the benefit of positive credit reporting of your on-time rent payments to ExperianOnline

  • Tenant Portal for Maintenance, Payments, and Paperless Statements

  • Tenants have access to our Tenant Portal to submit maintenance requests, pay online via credit card or e-check, and to access documents such as lease, statements, and payment receipts.

  • No Fees for Rent Payments

  • No fees when rent is paid online with e-check through the Tenant Portal.

  • 24/7 Maintenance Hotline with Live Phone Support

  • Tenants can reach a live person after hours for emergency maintenance concerns.

  • One-Time Late Fee Forgiveness

  • You’ll be granted a one-time waiver of your Late Fee for late rent payment.

Notice:  Tenants are required to participate in the Resident Benefit Program as a condition of their lease.  Tenants are free to carry any additional coverage or insurance in addition to the Resident Benefit Program.

INFORMATION ON ANIMALS

Animal policies vary from one homeowner to another. Some owners do not permit animals, while others restrict type and/or size of allowable animals. No more than two animals per household are permitted without specific owner’s approval.

Most property insurance companies do not allow certain breeds of dogs, either purebred or mixed. Therefore, dogs fully or partially of the following breeds will be rejected: Pit Bull Terriers, Staffordshire Terriers, Rottweilers, German Shepherds, Presa Canarios, Chows Chows, Doberman Pinschers, Akitas, wolf-hybrids, Mastiffs, Cane Corsos, Great Danes, Alaskan Malamutes, Siberian Huskies, and any combination of these. Tenants may be evicted for misrepresenting any of the above type of dog, as well as for being in possession of any poisonous, dangerous, endangered species or otherwise unauthorized animal. Our animal policies are strictly enforced and may be grounds for eviction. Special consideration is given to “Service Animals” that assist a tenant with special medical needs (proper and current documentation needed for verification). We require, with your application, a picture of each animal that will be on the property.

Standard Animal Fees and Deposits

$125 Animal Administration & Acceptance Fee per approved animal due upon lease signing.

$300 Pet Security Deposit per approved animal due upon lease signing.

FEE DISCLOSURE - START OF LEASE

Lease Preparation - $75

Applicants will receive their lease electronically and be required to sign electronically. A $75 fee is charged for lease preparation. This covers the costs associated with preparing the legal documents, acquiring the signatures, and collecting the move-in funds. This fee is also charged upon lease renewal.

Move-In Orientation - $85

A Move-In Inspector will contact the tenant a few days prior to move-in to schedule the orientation. The inspector will instruct the tenant on basic home maintenance, including changing air filters, unclogging a garbage disposal, water cut-offs, smoke alarms, fuse & breaker box locations, and GFCI resets. The written move-in inspection report will include interior and exterior photos. A copy of this report will be sent to the tenant. Any maintenance requests or work orders must be separately submitted, outside of the move-in report. An $85 fee is charged for the move-in orientation.

Routine Interior Walk-Throughs

Clockwork Property Management conducts periodic walk-throughs of the home you lease. We take pictures of the interior and exterior of the home and we share these pictures with the homeowner. It is understood and accepted by all applicants and tenants that this is a standard procedure for all homes we manage. If you foresee an issue with this procedure you should reconsider applying for one of our homes.

Late Rent Zero Tolerance

Rent is due on the 1st day of each month. If rent is not received by midnight on the 3rd day of the month it is considered late and a fee is charged from $100 and up. We encourage our tenants to pay rent via our online payment system for the most secure and traceable method of payment.

Resident Benefit Program - $25

All tenants are required by their lease to carry property damage liability coverage. To provide the required liability coverage and to keep the cost low Clockwork has developed our Resident Benefit Program. This program waives the renters insurance requirement and protects tenants and landlords from negligence acts. Tenants receive the benefits of the coverage without additional applications, credit checks, or billing. The tenant will be billed $25 monthly for the following coverage and benefits.

SUMMARY OF KEY POINTS IN THIS DISCLOSURE

• $45.00 Application Fee per adult is NON-REFUNDABLE

• Your application can be canceled or delayed, WITHOUT A REFUND, for failing to abide by the rental criteria, guidelines, and terms stated in this disclosure and the application pages

• FICO scores of less than 620 will not qualify

• A fee of $75 is charged for lease preparation

• A fee of $85 is charged for move-in orientation

• There is NO SMOKING allowed inside the home or garage

• All occupants must be disclosed on the application regardless of age

• All animals must be disclosed on the application

• A fee of $125 is charged per approved animal

• Tenants are required to participate in the Resident Benefit Program as a condition of their lease. The fee is $25 per month. Tenants are free to carry any additional coverage or insurance in addition to the Resident Benefit Program.