TENANT FAQs
Rental Qualification Requirements
Foundry & Brick Residential Management applies fair, consistent, and non discriminatory screening standards to all applicants. All applications are reviewed individually based on the complete qualification profile. Meeting one guideline does not guarantee approval.
Income Requirements
- Combined gross household income must generally equal a minimum of three times the monthly rent.
- Income must be stable, verifiable, and sufficient to demonstrate the ability to consistently satisfy lease obligations.
- For households with multiple applicants, income weighting may be based on the strongest and most verifiable income sources.
Additional factors may be considered, including:
- Debt to income ratio
- Recurring obligations
- Cash reserves
- Prior payment history
- Overall financial profile
Employment & Income Verification:
Employed Applicants are required to provide:
- Recent pay stubs
- W2 forms
- Employer contact information
- Employment verification
- Offer letters if recently hired
Newly Employed Applicants are required to provide:
- Signed offer letter
- Start date confirmation
- Compensation details
- Proof of active onboarding or employment status
Employment & Income Verification:
Employed Applicants are required to provide:
- Recent pay stubs
- W2 forms
- Employer contact information
- Employment verification
- Offer letters if recently hired
Alternative Income Sources may include:
- Social Security
- Disability income
- Retirement income
- Trust income
- Child support (if voluntarily disclosed)
- Other documented recurring income
Credit Requirements
Standard Approval
- Applicants must have a minimum credit score of 650 or higher.
- Standard approval is generally subject to a security deposit equal to one month’s rent, subject to owner approval and applicable law.
Conditional Approval
- Applicants with credit scores between 599 and 649 may be considered for conditional approval.
- Conditional approvals will require a security deposit equal to two months’ rent.
Residential & Rental History
- Applicants must provide a minimum of three years residential history, including prior addresses and landlord references when available.
Positive Rental History Includes:
- On time rent payments
- Proper move out notice
- Good property care
- No lease violations
- Favorable landlord references
- Any eviction within the past three years may result in denial.
- Multiple eviction filings or judgments may result in denial.
- Satisfied settlements may be reviewed on a case by case basis.
Bankruptcy & Financial Events
- No open bankruptcy proceedings permitted.
- Prior bankruptcies must be fully discharged.
- Prior bankruptcies should generally be aged five years or more.
- More recent bankruptcies may require additional review and supporting documentation.
Guarantor / Co Signer Policy
- Guarantors and co-signers are not permitted under standard application guidelines.
Criminal Background Review
- Automatic Denial Criteria
- Felonies within the past 10 years
- Violent crimes against persons or property
- Drug related offenses within the past 5 years
- Crimes involving sex offenses
- Terrorism related offenses
- Animal cruelty convictions
- Pending Charges / Arrests
- Pending charges or arrests are not automatic denials.
- Additional documentation may be requested for review.
Occupancy & Age Requirements
- All applicants must be 18 years of age or older or otherwise legally authorized to enter into a binding lease agreement.
- Every adult occupant intending to reside in the property must complete a rental application, identity verification, and screening process.
- Standard occupancy guidelines are generally two occupants per bedroom plus one additional occupant.
Renters Insurance
Approved residents are required to maintain renters insurance throughout the lease term.
Coverage may include:
- Personal property coverage
- Foundry & Brick Residential Management must be listed as an additional interested party on the policy.
- Under Questions About Applying, please change to (remove phone): Questions About Applying? We are here to make the application process simple, clear, and stress free. If you have any questions regarding qualifications, required documents, pet policies, or next steps, the Foundry & Brick Residential Management team is happy to assist you.
- Email Us at info@foundryandbrickrm.com
Rental History
- Positive references from previous landlords
- No evictions or eviction filings in the past 7 years
- No history of property damage beyond normal wear
- First-time renters may require a qualified co-signer
Background Check
- Criminal background check will be conducted for all applicants 18+
- Evaluated on a case-by-case basis considering nature, severity, and recency
- Certain convictions may result in denial per property owner guidelines
- We comply with all applicable fair housing laws in our evaluation
Identification
- Valid government-issued photo ID required for all applicants 18+
- Social Security number required for credit and background checks
- All occupants 18+ must submit a separate application
Pet Policy
Where pets are permitted (owner discretion):
- Maximum of two pets per property unless otherwise approved
- Breed restrictions apply
- Weight restrictions may apply
- Insurance restrictions may apply
- Current vaccination records required
- Pet screening required
- Non-refundable pet fees apply ($250.00 per pet)
- Monthly pet rent may apply ($25.00 per pet per month)
- Verified service animals and legally compliant assistance animals are handled in accordance with applicable law.
HOW TO APPLY
Application Process
1
Find a Property
Browse our available rentals and schedule a showing.
2
Submit Application
Complete an online application for each adult applicant.
3
We Review
Applications are typically processed within 1-3 business days.
4
Decision
You’ll be notified of approval, conditional approval, or denial.
Application Fee
A non-refundable application fee of $75.00 is required for each adult applicant of over 18 years of age. This covers the cost of credit reports, background checks, and rental history verification.
RESERVATION FEE
Once an application has been reviewed and approved, a $250.00 Reservation Fee will be required to reserve the property and remove it from the market.
The Reservation Fee is separate from the application fee, security deposit, first month's rent, and any other move-in costs. This fee is collected to compensate for the time, administrative costs, and lost marketing opportunities associated with holding a property for an approved applicant.
Upon receipt of the Reservation Fee, Foundry & Brick Residential Management will cease marketing efforts and discontinue scheduling showings for the property.
Please note that the Reservation Fee is non-refundable. If an approved applicant chooses not to proceed with the lease, fails to execute the lease agreement, fails to satisfy move-in requirements, or otherwise withdraws from the rental process for any reason, the Reservation Fee will be forfeited.
Payment of the Reservation Fee does not create a tenancy, lease agreement, or right to occupy the property. Occupancy is contingent upon execution of a lease agreement and satisfaction of all move-in requirements.
SECURITY DEPOSIT REQUIREMENTS
Once a lease agreement has been fully executed by all parties, the approved applicant(s) will be required to remit the security deposit within 24 to 48 hours unless otherwise specified in writing by Foundry & Brick Residential Management.
The required security deposit amount is determined based upon the application approval status:
Standard Approval: Security Deposit equal to one (1) full month's rent
Conditional Approval: Security Deposit equal to two (2) full months' rent
The security deposit is required to secure the tenancy and demonstrate the applicant's commitment to fulfilling the terms of the lease agreement. Failure to submit the required security deposit within the specified timeframe may result in cancellation of the lease agreement, forfeiture of any reservation fee previously paid, and the property being returned to active marketing status.
The security deposit is separate from the application fee, reservation fee, first month's rent, pet fees, and any other move-in costs.
All security deposits will be held and administered in accordance with applicable South Carolina laws and the terms of the lease agreement.
Fair Housing Statement
Foundry & Brick Residential Management is committed to compliance with all federal, state, and local fair housing laws. We do not discriminate based on race, color, religion, sex, national origin, disability, familial status, or any other protected class. We provide equal housing opportunities to all qualified applicants. If you require a reasonable accommodation during the application process, please contact our office.
