Please ensure before making application the following apply to you and that you are aware of:
If you cannot provide positive references, have a debt to income ratio that shows you cannot afford to pay rent from your documented income (pay stubs, bank records, or tax returns), have no work history or an unstable work history, been evicted in the past, have a criminal record, or any occupant is listed in the sex offender database, you may not qualify for a rental at this time.
Below please review our minimum residential qualification criteria.
All Tenants are required to maintain property damage liability insurance on behalf of the Landlord and Property Manager. Coverage is required in the amount of One Hundred Thousand Dollars ($100,000) for damage to both Landlord's and third parties’ property with the provisions covering at least the perils of fire, smoke, explosion, accidental water discharge and sewer backup. Tenants are required to name South Florida Realty Management as an “Interested Party” on the Renter's Insurance Policy if tenant elects to buy their own policy independent of the program offered by MSI through South Florida Realty Management.
Please note that while landlords may carry property insurance protecting the "property" from certain perils, tenant belongings and possessions are not covered and tenants are not beneficiaries of Landlord insurance products. Additionally, tenants are responsible to Landlord for all costs of repair for damages due to tenant negligence as stated in the Lease regardless of existing Landlord insurance. It is important to think ahead and insure yourself against the unexpected.
To help cover the unforeseen costs that can arise from certain unexpected and disastrous perils (fire, water) including in some cases tenant negligence, South Florida Realty Management has created an easy arrangement for buying a renters insurance policy through MSI. This tenant specific policy offers several financial benefits to tenants in the event of a disaster including personal liability protection up to $100,000, personal property coverage up to $10,000 even covering living expenses should a tenant need to relocate due to a disaster.
Tenants may OPT OUT of purchasing this required insurance through landlord’s preferred insurance provider at any time by providing written proof of the following three items:
1. Evidence of Required Insurance levels to show the Policy is in effect, when it will start & end, and who is named on the policy.
2. "Florida Managed Properties" must be named as an “Additionally Interested” party to the insurance declarations.
3. The Tenant Liability coverage has to be equal to or greater than $100,000 in Tenant Liability Coverage.
If tenants wish to obtain Renters Insurance through South Florida Realty Management's preferred provider, MSI, we try to make it simple! The monthly cost for a policy starts as low as $12.00 monthly!