Rising Tide Management

Tenant Criteria


Before you apply to lease a Rising Tide home, please take the time to review our Tenant Selection Criteria. The term “applicant(s)” under this policy means the person or persons that will be signing the Lease as “leaseholder(s)”; the term “occupant(s)” in this policy means the person or persons that are authorized occupants under the Lease. Applications will not be processed without a copy of a valid state or government issued identification for any applicant.

Pursuant to applicable state law, the following selection criteria are being provided to you. The following information provides the basis upon which the Landlord will make its decision. Any action taken in regards to your rental application will conform to all applicable federal and state laws. Moreover, a Rising Tide property is still considered “available” and/or “vacant” until: 1) Landlord accepts the security deposit; and 2) Landlord and applicant sign a Rising Tide lease.

EACH APPLICANT WILL BE REQUIRED TO PAY AN APPLICATION FEE OF $50.00 and a $25.00 application fee for each additional applicant. Applications will not be processed until the application fee is paid by each applicant. Application fees and administrative fees are non-refundable and are used to pay the costs incurred in the application process. All other monies collected will be refunded according to applicable state law, under the residential lease agreement (“Lease”), terms and conditions under this application, and any other disclosures and notices provided to you by Rising Tide. Application fees, administrative fees and a “hold” deposit must be paid in cash, by credit card or in certified funds at the time of the application submission.

Please also note that these are our current Tenant Selection Criteria; nothing contained in these requirements shall constitute a guarantee or representation by Rising Tide Homes that all residents and occupants currently residing in a Rising Tide home have met these requirements.


Occupancy Standard: The maximum occupancy for our properties is two (2) persons per bedroom, plus one (1) per home.

Age: Applicants must be 18 years of age or older unless deemed to be an adult under applicable law with respect to the execution of contracts. All persons 18 years of age or older that are not deemed an applicant but rather deemed an occupant will be subject to a complete tenant screening or at the very least, a criminal background screening.


Credit Verification: A credit report will be obtained on all adult leaseholders to verify credit worthiness. We will also perform a search of Landlord/Tenant Court records and a Criminal Background check. A FICO score below 500 will likely result in a decline. Any history of bankruptcies, especially open and/or pending, may result in the denial of your application.

Income/Asset Requirements: Applicants must have net (bring home) monthly income equal to or greater than three (3) times the monthly rent amount, or liquid assets (bank deposits, mutual funds, brokerage account assets, etc.) that are equivalent to a minimum of 3 times the amount of the total lease value. Income will be verified by one or more of the following methods as required by the Manager.

Section 8 Tenants: Your ESTIMATED voucher must meet or exceed the market rent. If you are not within $20 of the property you are interested in you will be automatically declined and you will forfiet any fees, deposit, etc.

Two of the most recent pay stubs for each applicant;
An offer letter from your new employer on company letterhead;
A copy of previous year’s tax return or a copy of your W-2 statement with phone verification of employment;
An official letter providing retirement or disability income or social security benefits if applicable;
An original court ordered document reflecting payments of child support or alimony;
Proof of pension fund payments, 401k or other investment fund accounts if applicable.

Rental History Requirements: Management will verify at least two years of acceptable rental history for each applicant. If your rental history discloses an eviction or a skip in the last seven (7) years or any unfulfilled rental agreements for which you have not made full restitution, your application will be denied unless you provide verifiable evidence from the prior landlord that all balances have been paid in full, in which case your application may be approved with conditions as described below.

Co-Signers and Guarantors: Co-signers and Guarantors may be used for applicants who have inadequate gross monthly income, credit or rental history. Co-signers must fill out a separate rental application, and will be accepted at the sole discretion of Management.

Security Deposit Requirements: A security deposit is required upon execution of a Lease. The standard security deposit is equal to one month’s rent. Deposits are refundable upon move-out, less any charges assessed for damage to the property and any unpaid balance owed at the time of move-out. Deposits may not be applied to first month’s rent or towards rent at any time during the residency. Further, FICO scores below 600 could possibly require a 2-month deposit. In the event that we are unable to verify rental history, the minimum deposit requirement is 2 months’ rent.

Criminal History: Landlord will perform a criminal history investigation in order to verify the information you have provided on the rental application. A criminal background check must be conducted for each applicant and occupant age 18 years or more. Any decision regarding the rental property may be influenced by the information contained in the criminal investigation report. The Landlord reserved the right to refuse leasing to an applicant with any criminal history (arrest and/or conviction).

Pets: Pets are prohibited unless expressed written consent is provided Management at the time of leasing. All requests to have pets must be made to the Landlord in writing if obtaining a pet post-leasing. All pets must be approved in writing and pet fees paid in full prior to incorporating said pet into the home.

Stipulations: No more than two (2) pets may be at the Premises regardless of whether a pet is visiting or approved in accordance with the Lease. The combined weight of all animals in the home may not exceed 150 pounds, and no single pet may weigh more than 85 pounds.

Pet Fee: Any occupant with an approved pet (cat or a dog) shall pay Landlord a non-refundable Pet Fee of $300 for 1 pet and $500 for two pets. The Pet Fee shall be waived for any verified guide dog or assistance animal. Any animal may be deemed unacceptable by Landlord if such animal is not considered appropriate for the rental situation. No chained animals will be permitted. The following dog breeds and types, whether full or mixed, may be prohibited: Akita, American Bulldog, American Pit Bull Terrier, Bull Mastiff, Chow, Doberman, German Shepard, Great Dane, Husky, Pit Bull, Rottweiler, Wolf or any other breed or type Landlord deems to have similar characteristics.

Exceptions: Notwithstanding the foregoing, any guide dog or other assistance animal needed by a disabled occupant will be permitted upon verification that the resident qualifies as disabled and requires animal assistance.

Falsification of Application: Any falsification in Applicant’s paperwork will result in the automatic denial of application and applicant will not be given the opportunity of reapplying. In the event that an applicant falsifies his/her paperwork, applicant will forfeit all deposits and fees paid.

Accept with Conditions: An application may be approved with conditions if it is found that the income, credit or rental history requirements are not met. Applicants recommended as “Accept with Conditions” may be required to pay an additional security deposit.

All applicants must have proof of an active bank account. RTM reserves the right to require all tenant payments to be made via auto-draft from a valid bank checking account. Leases and documents pertaining to leasing a home from RTM will be sent electronically. Applicants are responsible to check email daily during the process as materials are time sensitive.

By proceeding with the completion of a rental application and/or by signing this acknowledgement, you have read, accepted and confirmed that you have had the opportunity to review this Tenant Selection Criteria and that you understand that if you do not meet the selection criteria, or if you provide inaccurate or incomplete information, your application may be rejected and you application fee will not be refunded.

Rising Tide Management, LLC
9 Office Park Circle
Suite 215
Birmingham, AL 35223
(205) 208-9793