RENTAL PROPERTY REQUIREMENTS
Welcome and thank you for showing our rental properties. We appreciate your interest and want to ensure that you have a more positive experience as a rental agent. Please review our rental guidelines below with your prospect and, if you have any questions, please do not hesitate to call our SierraLV office at (702) 919-6828.
CREDIT SCORE
We require that potential tenants have a credit score of 650 or higher. Exceptions to this would be medical charges or student loans, however, an additional security deposit will be required in these instances. In most cases, we would ask for an additional deposit equal to the first month’s rent.
HOUSEHOLD INCOME
Renters should have a household income that is equal to or greater than 3X the monthly rent.
NOTE: Single-income households are required to pay an additional half-month deposit or $800 whichever is greater.
MOVE-IN DATE
Properties are held for a maximum of two weeks. Move-ins that exceed this time limit will be responsible for paying prorated dates leading to actual move-in.
FEES
Application fee is $75 per adult (18 years or older)
A $700 non-refundable holding fee and a $100 non-refundable administrative fee will be required to be paid within 48 hours of receiving the approval letter.
All tenants will receive a new set of house keys with a charge of $120.
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UTILITY REIMBURSEMENT
This applies to single-family homes and townhomes.
Henderson: Trash disposal accounts will remain in the owner’s name. Tenants will be responsible for reimbursing the owner $25 each month.
Las Vegas: Trash disposal and sewer accounts will remain in the owner’s name. Tenants will be responsible for reimbursing the owner $45 each month.
North Las Vegas: Trash and sewer is included in Tenant’s water bill therefore, no reimbursement required.
RENTAL COMMISSION (GETTING PAID)
To ensure prompt and accurate commission payment, you must show the property to prospective tenants who have been pre-qualified by meeting the above requirements. When requesting payment please email a copy of your business card and Brokerage’s W9 to allyson@sierralasvegas.com. Please make sure that your company information is current, it is your responsibility to inform us in writing when submitting your documents if there are any changes. Any returned checks due to incorrect information will have a fee deducted to cover costs involved with putting a stop payment.