Please see below the rental criteria required to be a resident of one of Edge Asset Management’s properties.

Here at Edge Asset Management, our goal is to enrich our residents’ living environment with high quality property management. Edge Asset Management supports Equal Housing Opportunity. We do not grant any preference, place any limitation, or discriminate based on race, color, religion, sex, physical or mental disability, national origin, familial status, marital status, source of income, age, or sexual orientation. Edge Asset Management is an equal housing opportunity landlord.

Before you begin, please review the information closely:

IMPORTANT: Each application will require an attachment of an acceptable and valid form of identification and proof of income from the financially responsible applicants. Please ensure electronic copies of these documents are available for upload before beginning this rental application; screening will not commence with missing requirements and will be considered incomplete. Edge Asset Management will pull a credit report for each applicant using this information. Each financially responsible applicant must qualify individually. Denial of an individual will not automatically result in denial of the total application.

Online Application Fees for all properties are $45.00 per adult. 

Submitting a rental application does not hold a property nor guarantee approval for residency. The typical application takes approximately 24-48 hours to be fully approved; however, that is dependent on the timely receipt of the necessary information required for processing. All timelines are subject to current application volume. Additional deposits, when applicable, will be assessed according to everyone’s credit screening report and rental history. The maximum deposit charged will be equal to one month’s rent. 

The applicants’ screening criteria is partially based on a point system, in addition to consideration of applicants’ proof of income, criminal history (if any) and any possible immediately disqualifying factors. 

The point system used is as follows:

2 points or less = Approved with the original property-specific security deposit.

3-4 points = Additional Security Deposit of $300.00

5 points = Additional Security Deposit of 100% of one month’s rent.

6 points or more = Application is denied. 

1. Credit Score Guidelines:

No Credit Score = Deposit equal to One Month’s Rent

Minimum Credit Score Required is 500 for all Portland properties. Locations outside of Portland have a credit score requirement of 600

Credit Score of 499 or below = 6 points (auto denial*) 

Credit Score of 500 - 550 = 2 points 

Credit Score of 551 - 600 = 1 points 

Credit Score of 601 or more = 0 points 

Any credit check reported non-medical, non-education 60 days past due or greater collections, charge-offs, and/or repossessions in the amount of $500 or more will be considered negative credit factors. 

Negative credit factors will also result in points with the following guidelines:

5 or more Collection Accounts = 6 points (auto-denial)

4 Collection Accounts of $500 or more = 4 points

3 Collections Accounts of $500 or more = 3 points

0-2 Collections Accounts = 0 points. 

If bankruptcy is present but discharged or dismissed = 1 point. 

2. Rental History Guidelines:

Edge will check for a minimum of 12 months’ rental or mortgage history within the past two years (your name must have been on a legally binding lease or loan from a non-relative or associated individual). We reserve the right to consider references that may exceed that time frame but in no circumstances older than five years from the date of application. 

Any instance where a reference of at least 12 months (can be a combination of multiple references) cannot be obtained, a deposit equal to one month’s rent will be required.

Any past due balance owed to another rental company (except for April 1, 2020 – February 28, 2022) will be an automatic denial until the applicant can provide proof of a zero balance.

Rental history factors will result in points with the following guidelines:

Negative current or past reference items will incur 1 point for each occurrence.

NSF = 1 point for each occurrence 

Late Payments = 1 point for each occurrence 

30-Day Notice of Termination of Tenancy = 1 point for each occurrence

Lease Violations = 1 point for each occurrence IMPORTANT NOTE: Any 30-day notice of termination or lease violation that gave rise to an eviction action under ORS Chap 105 and which ended with either a dismissal or resulted in a general judgment for the applicant shall not be considered in this screening process.

3. Income Guidelines:

Applicants are required to provide evidence that they, singly or jointly—including all married persons, domestic partners, roommates and/or persons in relationships—have monthly gross income at least 2-times the monthly rent amount or greater. For properties outside of the City of Portland, combined monthly gross income must be from a verified source and at least 2.5 to 3 times the stated rent. This evaluation of income to rent ratio will include all income sources of Applicants, including, but not limited to, wages, rental assistance from non-governmental sources, and monetary public benefits, including any housing voucher under any local, state or federal housing program.

Proof of Income:

All applicants must provide at least 90 days of verifiable income. 

One pay stub with a current YTD that will equal at least 90 days of wages is sufficient, as are multiple paystubs with the most recent 90 days of income.

Any additional income or self-employment income will require 90 days of bank statements, showing monthly deposits. Statements must include the specific applicant’s name and be dated.

Applicants can submit proof of liquid assets that are equivalent to one year of the rent amount to satisfy the proof of income requirement.

Alternatively, the proof of income requirement can also be met in cases where an applicant does not meet the income guidelines if applicant provides a lease co-signer with a credit score of 700 or higher and proof of income using these same standards that demonstrate a gross income of 3-times the rent. Any such co-signer will also be required to pay the $45.00 screening fee and pass all tenant screening factors. 

4. Criminal History:

A single conviction for any of the following will be grounds for denial of the Rental Application.

• Felonies involving murder, manslaughter, arson, rape, kidnapping, child sex crimes, or manufacturing or distribution of a controlled substance.
• Felonies involving: drug-related crime; crimes against persons, including sexual offenses; a crime involving financial fraud, including identity theft and forgery; or any other crime if the conduct for which applicant was convicted or is charged is of a nature that would adversely affect the property of the landlord or a tenant or the health, safety or right of peaceful enjoyment of the premises of the residents, the landlord or the landlord’s agent, where the date of disposition has occurred in the last 7 years.
• Misdemeanors involving drug-related crimes, crimes against persons, sex offenses, domestic violence, violation of a restraining order, stalking, weapons, criminal impersonation, possession of burglary tools, financial fraud crimes, where the date of disposition has occurred in the last 5 years.
• Misdemeanors not listed above involving: theft, criminal trespass, criminal mischief, property crimes, or any other crime, if the conduct for which applicant was convicted or is charged is of a nature that would adversely affect the property of the landlord or a tenant or the health, safety or right of peaceful enjoyment of the premises of the residents, the landlord or the landlord’s agent, where the date of disposition has occurred in the last 3 years. 

Owner/Agent will: consider relevant individualized evidence of mitigating factors, which may include: the facts or circumstances surrounding the criminal conduct; the age of the convicted person at the time of the conduct; time since the criminal conduct; time since release from incarceration or completion of parole; evidence that the individual has maintained a good tenant history before and/or after the conviction or conduct; and evidence of rehabilitation efforts.

Owner/Agent may request additional information and may consider whether there have been multiple convictions as part of this process and will notify applicant of the results of Owner/Agent’s review within a reasonable time after receipt of all required information.

5. Immediate Disqualifications:

• A current, non-discharged bankruptcy action 
• Any falsified information 
• An Eviction within 5 years of the date of application
• Any housing-related debt arising from the period prior to April 1, 2020, and after February 28, 2022
• Any rental reference that would not re-rent for documented reasons like those found in these guidelines
• Criminal History 
  

6. Additional Information and Acceptance/Denial of Application:

Renter’s Insurance Required: Upon move-in, and through the duration of the tenancy, all tenants must provide proof of renter’s insurance, at a minimum of $100,000 legal liability for damage to the landlord’s property, with the Owner/Agent named as an interested party. There will be an exception for households that are below 50% of the median area income. 

Animal/Pet Guidelines: If you have a pet, an additional pet deposit and pet rent, per pet, may be due. There is a limit of two pets per unit. 

Acceptance or Denial of Application:

If Application is Accepted: Applicants will receive a written notification of acceptance or, in the case additional conditions must be agreed to, a conditional acceptance within 2 weeks of the application date.

If Application is Denied: Applicants will receive a written notification of denial within 2 weeks of the application date describing the basis for the denial with reference to these screening guidelines. If the application included any supplemental evidence, as defined below, the written denial will also include an explanation of the reasons that supplemental evidence did not adequately compensate for the factors that informed Owner/Agent’s decision to deny the application.

Supplemental Evidence: Applicants may submit any written information in addition to that provided during the Owner/Agent’s application process that any applicant believes to be relevant to their predicted performance as tenant as supplemental evidence.

Individual Assessment: All applications involve Owner/Agent conducting an individual assessment considering all the factors in these guidelines, including any supplemental evidence provided by Applicants, to include a consideration of 1) the nature and severity of any facts or incidents that would lead to a denial; 2) the number of types of such facts or incidents; 3) the time that has elapsed since the date of such facts or incidents; and 4) the age of the individual at the time any relevant facts emerged or incidents occurred.

Edge Asset Management

2233 NW 23rd Avenue, Suite 100, Portland, OR 97210

P: (503) 841-5923

E: Rent@EdgeMGT.com