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Criteria for Tenancy

Renting a home from us

Thank you for choosing Cutting Edge Real Estate Services, Inc. We are more than happy to assist you in locating your new rental home. We are an Equal Opportunity Housing Provider. We fully comply with all federal and state fair housing. As a professional management company there are criteria that our applicants must meet. All applicants must be 18 years of age or older.

Occupancy Limits:

(Property Specific: the addition of one (1) adult may be allowed with an additional cost of $100.00 per month)

Credit:

A credit score of 620 or higher is required for all applicants. An applicant with a score lower than 620 may be considered with A) a qualified guarantor and/or B) advance payment of one (1) or more month's rent. Negative items on credit reports may be grounds for denial of an application.

Criminal Background:

An applicant with a felony will not be considered for residency. A gross misdemeanor or other negative items on a criminal background history may be grounds for denial of an application.

Rental History:

A minimum of 1 year verifiable rental history is required of all prospective lessees. If there is no rental history, or less than 1 year, an applicant may be considered with:

  1. A qualified guarantor and/or
  2. Advance payment of one (1) or more month's rent.  Negative items (i.e. evictions, non-renewals, unlawful detainers, etc.) on one's rental history may be grounds for denial of an application.

Income Requirements:

Applicant's income must be 3+ times the amount of the apartment rent. If the income is less than 3+ times, an applicant may be considered with:

  1. A qualified guarantor and/or
  2. Advance payment of one (1) or more month's rent.  (Section 8, Rural Development or individuals receiving rental assistance of some sort, excluded)

False Information:

Any applicant found to have knowingly falsified, misrepresented, or withheld any information on an application will be denied residency.

Cutting Edge Real Estate Application Requirement

  1. Security Deposit:   $400 - $600 or equal to 1 month's rent and or 1.5 month's rent. 
  2. Additional adult occupants may increase deposit amount.  Deposit amount is property specific.  (Section 8 project based properties- deposit is determined by income)
  3. Application Fee:   $35/ adult applicant. 
  4. (Section 8 project based properties are excluded)

Cutting Edge Real Estate
110 2nd Street South, Suite 236
Waite Park, MN 56387

Call Today: (320) 257.9000

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