• Positive picture ID will be requested at the time you submit your application for processing.

• Each person over the age of 18 years who intends to reside in the subject Dwelling Unit must submit a separate Rental Application.

• Each applicant must qualify solely and individually.

• Application must be completely filled out and signed/electronically submitted.

• Application Fees must be paid prior to processing the rental application
  
  
  • $40/per adult (all over 18 MUST apply).
    
    
  •  The application fee is NON REFUNDABLE.
    
    
  • This covers the cost of processing your application and obtaining your credit report Applicant acknowledges and accepts that Real-Time Leasing represents the owner of the property for which applicant is applying.
    
    
• Management makes every effort to process applications within 24 to 48 hours of submission; however processing can take several days due to inability to contact previous/present landlords, employers and other references.
  
  
• Management will make a reasonable attempt to contact previous and present landlord(s) submitted by Applicant; however, the ultimate responsibility for supplying this information to Management lies with the Applicant. Management reserves the right to decline tenancy on the basis of an inability to contact the references provided.
  
  
• Feel free to check on the status of your application if you have not received a response within 48 hours of submission.
  
  
• We cannot guarantee any unit you have seen to be available to you by the time your application is processed. Dwelling units are rented to the first approved applicant with the full security deposit paid. A security deposit will not be accepted until the rental application is approved.

Although each property is different, here are some general guidelines to consider.

• Studio - 1 Occupant
  
  
• 1 Bedroom Unit - 3 Occupants
  
  
• 2 Bedroom Unit - 4 Occupants
  
  
• 3 Bedroom Unit - 5 Occupants
  
  
• 4 Bedroom Unit - 7 Occupants

If you have questions, one of our Licensed Leasing Agents will be happy to guide you on what is/is not acceptable.

No, unfortunately, once an application is processed we cannot refund the application fee.

Yes! Each person over the age of 18 years of age who intends to live at the property being leased will need to submit a rental application. Each applicant will also need to produce a current picture ID in order to complete the application process.

Our background check consists of a credit check, public record search, criminal background check, employment verification, and rental history.

• As long as the monthly rent on the home you want is no more than 1/2 of your total income, and you have no major offenses on your criminal report, we can likely work with you.
  
  
• If you are self-employed, you will need to provide bank statements and potentially tax returns as employment verification.
  
  
• If you are not self-employed you may need to provide copies of your last 2 pay stubs or a copy of your tax returns.
  
  
• If you need a co-signer, their monthly rent should not be more than 1/3 their monthly income and will need to be a Minnesota resident.

You will need to provide a rental reference which confirms a minimum of 1 year or more of valid, verifiable residence history from a third-party landlord. If you have rental history shorter than 12 months a double deposit or Co-Signer may be required. Other factors that we consider before making the final decision are credit history, employment history and income requirements. However, if you have a history of breaking leases, or have unpaid rental judgments, you will probably NOT be approved for a lease at Real-Time Leasing.

Below are some additional details to help you understand how we may view your rental history:

• Three (3) or more 3-Day Notices within a 12 month period will result in denial.
  
  
• Two (2) or more NSF checks within a 12 months period may result in denial.
  
  
• Rental history reflecting any unpaid past due rent will result in denial.
  
  
• Rental history reflecting any property damage or disturbance will result in denial.

It's not uncommon that applicants have some dings on their credit report so we have to look at your overall situation. When we process your application, we check your credit but we focus more on your income verification and rental history than a perfect credit score. Never assume your past will keep you out of a great home until you have talked about your situation with an Agent at Real-Time Leasing. 

Below are some additional details to help you understand how we may view your credit history:

• Outstanding bad debts being reported on credit report of more than $100 but less than $1000 may be accepted with proper explanation and proof.
  
  
• Excessive collections may result in denial.
  
  
• Outstanding debt to a property management company or previous or current landlord may result in denial.
  
  
• Any applicant with a bankruptcy not showing as discharged will be denied until shown otherwise.
  
  
• After a bankruptcy has been discharged, applicant may be required to show six (6) months of positive established credit.

Most credit scores that we accept fall within the range of 530-800. On the other hand, we are more interested in the things that created the score than the score itself. If you have a great rental history and solid income, we can work with almost anything else. Again, depending on the completed application a double deposit or Co-Signer may be required.

A Cosigner will need to meet ALL of the following criteria. Also, we do not accept multiple co-signers in an effort to meet the required criteria below.

• 12 months of valid, verifiable rental or mortgage history with no late payments
  
  
• At least 4 accounts in good standing with less than $500 in derogatory accounts.
  
  
• 12 months of verifiable income with current employer, continuous employment, or guaranteed source of  income
  
  
• Verifiable income must equal no less than 3 times the rental amount.
  
  
• The co-signer must reside in the state of Minnesota.

A single or combined occurrence of the following:

• Any felony offense or conviction (such as: sexual offense or offense against another) which has taken place within the last seven (7) years
  
  
• Any collection filed by a property management company or landlord
  
  
• Unlawful detainer action/eviction within the past two (2) years
  
  
• Balance owing to a current or past landlord
  
  
• Extreme negative and adverse rental history, e.g. documented complaints and/or damages, multiple late payments or notices to pay or vacate, or statement by landlord of "WOULD NOT RE-RENT"
  
  
• Failure to cooperate with housing assistance program requirements while receiving benefits
  
  
• Unverifiable social security number or proof of legal residency in United States, or falsification of either
  
  
• Falsification of rental application (including non-disclosure of criminal records)
  
  
• Collection filings caused by breaking a lease agreement

In short, yes! If you see a house you like, be sure to check the listing details. Each Minneapolis rental home we advertise will state if Section 8 is accepted. If you do see that the house you like accepts section 8 you will be required to meet the same criteria as stated above for tenancy qualifications with the exception that income requirements apply only to your portion of the rent. Remember, it is always your responsibility to contact your Worker and verify your own specific Section 8 requirements to for residency. In some cases, we may require your Worker to verify the income/rental voucher amount for the particular property you are interested in.

We have an online application process to keep things fast and simple. Once you locate the property you want, go to www.realtimeleasing.com and complete the application. We are notified as soon as you finish the application and typically get you a preliminary decision within 24 hours. In some cases, the final application approval may be contingent on hearing back from previous/present landlords, employers and other references.

We will always attempt to contact previous and present landlord(s); however, it's always a good idea to give your references a heads-up that they will be receiving a call from us. Worst case, if we don't get a response from your references, it may result in our office declining your application on the basis of inability to contact the references provided

During busy times of the year there may be a slight delay in giving you a preliminary decision. If you don't hear from us within 24 hours, we are probably still processing your application or waiting on call backs from references. You are always welcome to check on the status of your application if you have not received a response from us within 24 hours of submission.

• For application fees: Our preferred method of payment is bank cards or credit cards (you will NOT be charged a $30 convenience fee).  We also accept cashier's checks or money orders.

• For security deposits: Our preferred method of payment is cashier's check or money orders. You may also use a check card or credit card, however, you WILL be charged a $30 convenience fee at the time of transaction.

• For rent: Our preferred method of payment is ACH auto-payment (automatically debited from your checking account on the 1st day of each month).  To set this up, simply complete and submit the Tenant ACH form to our office.  ACH set-up may take 2-3 weeks depending on your bank.  We also accept cashier's checks or money orders.  You may also pay with a money order, or cashier's check.  If you wish to pay using a bank card, debit card, or credit card, you will also be required to pay a $30 convenience fee (non-negotiable).

• Unfortunately, we DO NOT accept cash or personal checks as a form of payment.

No, unfortunately, security deposits that are paid at the time of pre-lease signing are non-refundable if you decide not to move forward with the lease signing.

As soon as you get the lease signed and make your initial payment, you are free to move into your new home. We can literally have you in your new home the day your application is approved.

A regular Lease Agreement is typically for one year. When a Purchase Option Addendum is signed, we typically extend the Agreement to two-years.

Here are links to a variety of forms for your use during your lease term.

• Tenant ACH
  
  
• Direct Deposit Form
  
  
• 60 Day Notice
  
  
• Smoke Free Addendum
  
  
• Pet Agreement Addendum
  
  
• Crime Free Addendum
  
  
• Breaking Lease Guidelines
  
  
• Helpful Phone Numbers
  
  
• Important Contact Phone Numbers
  
  
• New Move-In Key Receipt

• If it is a life threatening emergency, do not call Real-Time Leasing. Dial 911
  
  
• If your maintenance emergency occurs during normal business hours, please call our Maintenance Manager directly at 952-808-9705.
  
  
• If it is after business hours, please call our 24-hour maintenance hotline at 612-600-8463

Yes, if resident damage or neglect causes the maintenance problem, you will be charged for it.

You will need to refer to your rental agreement and check with our office. As always, please remember that you can be fined for lease violations and possibly risk eviction. If pets are allowed and you get a pet after you move-in, it is your responsibility to notify our office of this change. We will then make arrangement with you to secure the required non-refundable pet fee as follows:

• 1 time charge of $500 for the first pet and $100 for each additional pet.

OR

• $45/month for the first pet and an additional $10/month each additional pet/month. These fees are placed in an escrow account and used at the end of the lease term for cleaning carpets/ducts and anything else related to pet wear and tear.

Yes. You will receive your Certificate of Rent Paid by the end of January the following year.