Rental Requirements

Positive picture ID is required for all rental showings and rental applications.
Each applicant must qualify individually unless they are a married couple.
Applications must be filled out completely and signed by both married spouses.
Student rental applications with no prior rental history will be required to have a lease co-signer.
Co-signers must pay a $30.00 application fee prior to processing of rental application.
Approved rental applications will hold the rental unit for 48 hours, for applicant(s) to sign lease agreement, after 48 hours we will continue to market the property for rent.
Non-smoking units, as identified on www.KIPDEV.com website, are reserved for non-smokers with no smoking allowed on the premises, including yards and common areas.
Applicants must be at least eighteen (18) years old to enter into a lease agreement.
Prepayment of last month(s) rent is required of all applicant(s) at time of lease signing.
Pet deposits (for approved location�s only) are required at time of lease signing.

Rental Requirements:

Three years verifiable residence history from a third party landlord is required or a co-signer may be required.
Home ownership shall be verified by submittal of tax assessor�s statement or by credit report.
One (1) or more three-day notice (pay rent or vacate) from past landlord will result in denial.
Two (2) or more NSF checks in past two years will result in denial.
Rental history reflecting any unpaid past due rent or damage balances due past landlord or management will result in application denial.
Any past unlawful detainer action, or eviction will result in denial.
Any rental history upon which previous landlord or management refuses to re-rent to applicant will result in denial.
Rental history reflecting property damages, not paid for, will result in denial.
Rental history reflecting past, disturbance of the peace, complaints may result in denial.
Rental history reflecting pet violations will result in denial.
Section 8 or HUD subsidized, rental applications will result in denial.

Income Guidelines:

Income Guidelines may be waived for full time student applications or a Co-signer may be required.
Monthly income must equal approximately three (3) times monthly rent.
If the monthly income does not equal approximately three times the monthly rent an additional one months prepaid rent or qualified co-signer may be required.
Co-signers income should equal five (5) times monthly rent.
Unemployed individual(s) applications will need to provide some form of verifiable income source.
Tax returns, bank statements, paychecks, or employer confirmation are acceptable income verifiers.
Non-married roommates are jointly and severable (individually) liable for all rents due on rental unit.

Credit Requirements:

Good credit is required.
The non-existence of an existing credit rating may in result denial or require a lease Co-signer.
Outstanding bad debt(s) being reported on credit history report may result in denial or require an additional month(s) pre-paid rent.
Collections on credit report may result in denial or require an additional month(s) pre-paid rent.
Non-discharged bankruptcy(s) on credit report will result in denial.
Discharged bankruptcy(s) on credit report may result in denial or an additional month(s) pre-paid rent.

Automatic Application Denials:

Registered sexual predators or offenders.
Any felony offense.
Any criminal conviction where the applicant has been out of jail less than 10 years.
Any criminal offense of physical or violent nature against people or property.
Collection efforts filed by past landlord or property management companies.
Any past unlawful detainer action or eviction.
Incomplete or unverifiable information on rental application.
Discrepancies between rental application and verified information.
Any rental history upon which previous landlord or management refuses to re-rent to applicant(s) will result in denial.

Please make co-signer credit check fees in the amount of $30.00 payable to KIP Development and mail to.

KIP Development

P.O. Box 642

594 SE Bishop Blvd., Suite 102

Pullman, WA 99163

Cosigner credit application(s) will not be processed until fees are paid in full.

For questions please contact or office M-F, 8am-5pm

509.334.7444

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