Rental Criteria

Below is a summary of our typical rental criteria. Please note that this information is subject to change and this serves as a generic guide. Other criteria, restrictions and exceptions may apply.

Four (4) Requirements to be eligible for a standard refundable security deposit:

  1. Acceptable Credit Rating per Resident Screening system
  2. Approved Criminal Rating per Resident Screening system
  3. Combined Gross income (including co-applicant) shall be A MINIMUM (3) times the rent amount plus RUBS.
    • Twelve (12) months of current employment, validated by pay stub showing YTD earnings.
    • Self-employed persons will need to show proof of income (tax returns, etc.) for the past 2 years.
    • Income may include sources other than employment such as Social Security or retirement accounts.
    • Applicants who cannot provide proof of income from a verifiable source must have 36 months of the monthly rental rate in a verifiable savings account.
    • Food stamps and Unemployment will not be considered income
  4. 12 months of positive verifiable rental history or home ownership.
Requirement when Monthly Income/Employment does not meet 3x the rental rate but all other criteria have been met:
  • Deposit shall equal 1.5x the monthly rent
  • If the applicant is below 2.5x- an approved co-signer or 36 months' worth of rent in a verifiable savings.
  • Property Manager reserves the right to review the application in its entirety and based on the other factors and may opt to decline the applicant

Requirement when less than 12 Months of positive verifiable rental history but all other criteria have been met:

  • Deposit shall be equal to 1.5x the monthly rent.

Requirement when Rent Grow credit rating indicates “Conditional Accept” but all other criteria have been met:

  • Deposit shall be equal to 1.5x the monthly rent.

Renter’s Insurance:

Lease Holder(s) must present evidence of Liability Renter’s Insurance coverage including Personal Liability for $300,000 and Medical Payments to others for $1,000. The policy must include the Property Name listed as an “Additional Interested party” and must remain in effect for the term of the lease.

Other Conditions:
A Credit Report and Criminal Background Check will be completed for all applicants and occupants eighteen (18) years of age and older. 

All credit and criminal investigation is processed through Yardi Resident Screening.

Applicants must have one (1) Government issued ID (Driver’slicense, Social Security Card, Passport, or Visa) and one (1) additional form of ID such as (Bank Card, Health Insurance Card, Credit Card, etc.) that includes their full first and last name.

All applicants will be required to pay a holding deposit, or earnest money if applying on-line, which is refundable onve the application is approved. If the application is not approved, they will receive a refund of the holding deposit in accordance with federal, state and local regulations. If approved, the holding deposit will be applied to move-in charges at time of move-in.

Within 48 hours of applying for an apartment, all applicants must:
1) pay all applicable upfront fees, 2) complete an Application, 3) provide a copy of your valid Driver’s license or other Government issued photo ID, 4) provide your 2 most recent paystubs or job offer letter, 5) the Rental verification is filled out by your current residency and 6) you must sign this Rental Criteria or your application may be cancelled and all upfront fees will be forfeited.

Co-signer Qualifications:

Co-signers must live in Arizona and have a combined income must equal 5 times the current monthly rent, and pay their own mortgage/rent, and other monthly financial obligations to be considered.

Note: You are paying a non-refundable application fee per person that will not be returned to the applicant under any circumstances. If employment is verified through website, a charge of $17.00 is assessed for each verification in addition to the aforementioned application fee.


Gaines Investment Trust is fully committed to equal housing opportunities. We do not discriminate against anyone based on race, color, religion, sex, handicap, familial status, or national origin, as stated in the Federal Fair Housing Law. Falsification of application will result in denial.