Rental Qualifications

Welcome to PMI Chi-Town

PLEASE READ THE "RENTAL APPLICATION POLICY" BEFORE PROCEEDING WITH THIS APPLICATION.

Thank you for your interest in our property! If you have any questions, please contact our office at 773.819.7474

Please have the following documents ready to successfully submit your application:

• Pay Stubs: 2–3 most recent pay stubs (or proof of verifiable income/vouchers).
• Self-Employed Applicants: Tax returns or 1099s for the last 2 years.
• Bank Statements: Most recent current bank statements.
• Additional Income: Verification of any additional verifiable income sources.
• Identification: Copy of a valid government-issued photo ID.

Please read and complete all sections thoroughly in a single session. IMPORTANT – ALL FEES ARE NON-REFUNDABLE

• The application fee is $55 per individual applicant. Applications will not be processed until the application fee is received in full.
• Any applicant with an active credit freeze or block who fails to lift the freeze to allow access to credit history will be automatically declined.
• Third-party pet screening and verification may be required through PetScreening.com as a condition of Landlord’s approval. Additional charges may apply, not to exceed $20 for the first pet and $15 for each additional pet.

You will be contacted by our leasing office regarding the status of your application.

Rental Application Policy

Thank you for applying with PMI Chi-Town (“PMI”) for your housing needs. To assist you in making an informed decision, we have outlined the qualification guidelines used to evaluate applicants for residency. Qualification standards include, but are not limited to, the following criteria:

• MANDATORY LEASEHOLDER REQUIREMENT: Everyone aged 18 and older who will occupy the property MUST submit a separate individual application and be evaluated/approved as a leaseholder. We make very limited exceptions.
• INCOME REQUIREMENT REQUIREMENT: All applicants must have a combined verifiable gross income equal to NO LESS THAN THREE (3) TIMES THE MONTHLY ASKING RENT (3 × rent). Housing vouchers and lawful sources of income are accepted and factored into total income evaluations in accordance with fair housing laws. If an applicant has no income, a qualified guarantor must be obtained. PMI must be able to verify employment and income for all applicants. If an applicant’s employer charges a third-party fee for employment verification, the applicant is responsible for that fee.
• CREDIT SCORE REQUIREMENT: A MINIMUM CREDIT SCORE OF 650 IS REQUIRED. Applicants with credit scores below 650 may require an additional security deposit, an approved guarantor, or may be subject to denial based on overall credit history.
• PROPERTY VIEWING REQUIREMENT: Before submitting an application, all applicants (or an authorized representative) must view the property either in person or via an approved video tour (conducted by a licensed agent or through an approved viewing option). Applications submitted without prior property viewing may be delayed or rejected.
• FUNDS DUE AT SIGNING (HOLDING DEPOSIT): PMI requires a holding deposit of $300 upon application approval, which will be credited toward the first month’s rent upon lease execution. If the application is approved and the applicant fails to execute the lease agreement within the designated timeframe, the holding deposit will be forfeited. Please note that condominium or homeowner association (HOA) application fees and separate HOA approval rules may apply.
• IDENTIFICATION: Applicants must present a valid government-issued photo identification card for each person aged 16 years and older who will reside in the property.
• GUARANTORS: If a guarantor is required, they must meet all qualifying standards. Guarantors must possess a minimum credit score of 700 or higher, maintain a verifiable source of gross income no less than five (5) times the monthly rent (5 × rent), have at least 6 months of continuous employment, and show no active past-due balances or delinquencies. Guarantors must pay the application processing fee, sign the Guarantor Addendum, reside within the United States, and pass required screening.
• CRIMINAL & PUBLIC RECORDS HISTORY: Our evaluation includes civil court record reviews (evaluating evictions, bankruptcies, or major collections within the past 7 years). Criminal background checks are conducted in full compliance with state and local regulations (including two-step pre-conditional screening standards where mandated). Applications may be denied for disqualifying criminal convictions or adverse public record findings.
• OCCUPANCY: The maximum number of occupants must comply with local municipal codes and HUD occupancy guidelines for the specific unit.
• FAIR HOUSING STATEMENT: PMI is committed to full compliance with all federal, state, and local fair housing laws. PMI provides equal housing opportunities without discrimination based on race, color, religion, sex, national origin, familial status, disability, sexual orientation, gender identity, marital status, age, source of income, or any other protected class under applicable law. All leasing personnel receive ongoing fair housing and diversity training.
• PMI Chi-Town RESIDENT BENEFITS PACKAGE (RBP): Approved applicants will be enrolled in our Resident Benefits Package (RBP) for a monthly charge of $35.95, which includes tenant liability insurance coverage. If a resident successfully submits their own insurance policy and it is approved, $10.95 will be deducted from the cost.
• RENTERS INSURANCE REQUIREMENTS AND OPTIONS: The Landlord requires Tenant obtain liability coverage of at least $100,000 in property damage and legal liability from an A- rated carrier and maintain such coverage throughout the entire term of the lease agreement. Tenant is required to furnish Landlord evidence of the required insurance prior to occupancy, at the time of each lease renewal period, and upon request. To satisfy the insurance requirement, Tenant may either (1) be automatically enrolled into a policy that satisfies the coverage requirements as part of the Resident Benefits Package; or (2) obtain alternative liability coverage from an insurer of Tenant’s choice.
• PETS: Pet policies vary by property based on owner requirements. Please review individual property listings for specific restrictions on pet size, quantity, or allowed species. View our complete pet policy at pmichitown.petscreening.com/. Insurance restrictions prohibit certain dog breeds. Where pets are accepted, non-refundable pet fees typically range from $300 to $500 per pet, with monthly pet rent between $15 and $50 per pet. Service and emotional support animals are accommodated in accordance with federal and state fair housing laws without pet fees upon submission of proper verification.
• SMOKING POLICY: Smoking is strictly prohibited inside units, common areas, and within 15 feet of entryways, doors, windows, balconies, and patios. This policy applies to all residents, occupants, guests, and service providers.
• AUTOMATIC DECLINE: Applications will be automatically declined for any of the following reason(s):
  • Prior court-ordered eviction for cause.
  • Falsification, misrepresentation, or omission of information on the application.
  • Invalid or fraudulent Social Security Number or identification.
  • Failure to pay the application fee or submit a complete application.
  • Threatening, abusive, combative, derogatory, intoxicated, or disorderly conduct toward staff or agents during any stage of the application or viewing process.
• PROPERTY ACCEPTANCE: Applicants accept the property in "as-is" condition unless written modifications are agreed upon prior to lease execution. Approved applicants must submit the required move-in fees/security deposit and execute the lease agreement within 48 hours of approval notification. Failure to meet this deadline will result in application cancellation and forfeiture of holding fees.
• UTILITY CONNECTIONS: Upon approval, PMI will submit your contact information to Utility Profit, a concierge utility connection service, to assist with setup. By submitting your application, you agree that PMI Chi-Town may share your contact details for this purpose.

By proceeding with this application, you acknowledge that you have read, understood, and agreed to PMI Chi-Town’s Rental Application Policies.