What if the applicant withdraws their application, can I still submit a Pre-Check request?
You will not be able to submit a request. You must select a new renter to continue.
What if the Housing Agency has not reviewed my Pre-Check request?
Processing times forPre-Check requests can vary depending on the Housing Agency's workload and procedures. If your request has not been reviewed yet, we recommend allowing some additional time.
If you are concerned about delays, feel free to contact us, and we can assist you in checking the status of your Pre-Check request.
What happens if my Rent Reasonableness Pre-Check is pre-approved?
If pre-approved, you can proceed with finalizing the lease agreement with the tenant.
What should I do if my Rent Reasonableness Pre-Check is rejected?
If your request is rejected, you cannot resubmit it. Instead, you must contact the housing agency, which can review and recalculate the request. This process helps prevent owners from submitting multiple requests that are likely to be rejected.
What are some reasons a Rent Reasonableness Pre-Check request might be rejected?
A Rent Reasonableness Pre-Check may be rejected for various reasons unrelated to the proposed rent amount. Some common reasons for rejection include:
Am I required to sign a lease with the selected renter after submitting a Rent ReasonablenessPre-Check request?
No, submitting a Rent Reasonableness Pre-Check request does not obligate you to proceed with a lease. However, if you decide not to move forward with the selected renter, the Pre-Check cannot be transferred to a new applicant. You will need to submit a new Pre-Check request for the new applicant.
What do the Pre-Check statuses mean?
What happens if myRent Reasonableness Pre-Check expires?
If the Rent Reasonableness Pre-Check expires after 90 days without leasing the property, you’ll need to submit a new request to ensure the rent is still reasonable under current standards.
Can I renew an expired Rent Reasonableness Pre-Check?
Yes, your request can be renewed! If your request was rejected, you don't need to resubmit your comparables or proof of renovation. By clicking the "Check if your rent is reasonable" button the process will be restarted. A new analysis will be conducted using the most up-to-date market data and comparables, allowing the housing agency to re-evaluate and make a decision based on current information.
Is there a fee to submit an Rent Reasonableness Pre-Check?
There is no fee to submit a Rent Reasonableness Pre-Check, it is included with your premium membership.
Does completing a Rent Reasonableness Pre-Check guarantee rent approval for the tenant?
While the Rent Reasonableness Pre-Check helps ensure your rent meets reasonableness standards, final approval is subject to the housing agency’s review and other factors.