Rental Policy
KCP Real Estate and Property Management
We are an equal-opportunity housing provider. KCP Real Estate is licensed in Arkansas and Oklahoma. It is our policy to rent our units in full compliance with the Federal Fair Housing Act and all state and local fair housing laws. We do not discriminate against any person because of race, color, ethnic background, religion, sex, age, marital or family status, physical disability, or sexual orientation.
KCP represents the interests of the owner of the property and not your interests as a tenant. If you want representation you should contact another real estate company or attorney to represent your interests.
Rental unit availability: Rental units only become available when they are completely ready to rent, including cleaning, painting, and completion of all maintenance work and planned improvements. Rental unit availability can change as units become available during the day or are removed from the rental market based on rentals, cancellations or maintenance issues.
Valid photo identification and written authorization: You must be able to present current photo identification such as a driver’s license, military or state identification card or passport so that we can verify your identity. If your rental application is approved, we will require a photocopy of your identification at the time of your move-in to be kept in your tenant file. You must authorize us to verify all information provided in your rental application and be processed and approved through this same tenant-screening process prior to occupying the rental unit.
Occupancy guidelines: In compliance with all applicable fair housing laws we have established restrictions on the total number of persons that may occupy a given rental unit. Our guidelines limit occupancy to two persons per room. These guidelines are to prevent overcrowding and are in keeping with the limitations on rental units and building systems. Occupancy will be limited to the persons indicated on the original rental application and lease only unless otherwise agreed in writing. Any proposed additional tenants must complete a rental application and be processed and approved through this same tenant screening process prior to occupying the rental unit.
Application process: All rental applications are evaluated similarly, and each adult application must voluntarily provide his or her social security number for us to obtain a consumer credit report. Every adult applicant must complete a separate rental application form and pay the ($30.00) nonrefundable application fee in advance. Any false or incomplete information will result in the denial of your application. If false information is discovered after you are approved and have moved in, we reserve the right to terminate your tenancy. We will verify the information provided on each rental application through our own screening efforts and/or with the assistance of an independent tenant screening firm. A credit report and employment and rental references of each and every applicant in a given rental unit will determine whether our rental criteria have been met. Unless we need to verify the information by regular mail, we are usually able to process an application in one or two days.
RENTAL CRITERIA:
Income: The total combined monthly gross income of all rental applicants in the given rental unit must be at least three times the monthly rental rate. The only income that can be verified will count. We expect rental applicants with income to prove at least one year of continuous employment. Full-time students are welcome if the total income of all applicants combined is sufficient or with a lease guarantor. You must provide proof of a source of income if you are unemployed. Remember: All adult tenants are joint and severally liable, which means that each one can be held responsible for the payment of all funds due regardless of ability to pay.
Credit history: You must be able to demonstrate fiscal responsibility. If you have any charge-offs, unpaid debts, or a pattern of delinquent payments, your application may be denied.
Criminal history: If you have ever been convicted of (or pled guilty or no contest to) a felony, or misdemeanor your application may be denied.
Guarantors: If you do not meet one or more of the above criteria, you may be able to qualify for a rental unit if you have a third party located within the state that will guarantee your lease. The guarantor must pass the same application and screening process, except we will deduct the grantor's own housing costs before comparing his or her income to our income criteria.