C5 Property Management

Rental Criteria

1. Income

  • Gross monthly income must be three (3) times the amount of the monthly rent. Occupants' income may be combined to meet the requirement. If employment income does not meet the criteria, documentation of other supplemental income must be provided (i.e. savings, stocks/bonds, social security, trust fund income, educational grants, etc.) Need to Supply Seasoned and/or Sourced Documentation of Supplemental Income with Application.

  • Employment must be current and verifiable.

  • Other verifiable income equaling three (3) times annual monthly rent

  • Verifiable income includes as confirmed by employer, trust officer, tax returns, or other satisfactory documentation as required.

  • Each roommate should earn a minimum of two (2) times the rent.

  • Use of a Co-Signer is permissible. Co-Signer must complete separate application and also be approved.

2. Credit

  • A credit report will be processed on each applicant.

  • All applicants must have at least 75% positive credit.

  • No credit history is not automatically counted as good credit.

  • Bankruptcies within 6 months or current/pending/open bankruptcies will not be considered.

  • If credit is below 75% positive, the applicant will be required to have a co-signer.

  • Medical, Dental and Student loans will not be taken into account.

3. Criminal History

  • Not only must Applicant must have acceptable credit history, additionally, all Applicants must meet our Criminal History Criteria.

  • Applicants that are registered sex offenders will be denied. 

  • Applicants must have no felony convictions less than 10 years old that involve violent crimes against persons or property, including but not limited to murder, arson, kidnapping, assault, bomb related offenses, robbery or burglary, terrorism OR that involve the manufacturing or distribution of drugs in any manner.

  • All other felony convictions must be more than 5 years old. 

  • Conviction of any drug related offenses involving possession only, or alcohol related offenses where no one was permanently injured or killed, must be at least 2 years old.

  • Successful completion of any felony sentence at least 2 years ago and no new criminal activity for at least 2 years before this application is also required.

  • No Applicant with any outstanding warrants or crime that is awaiting trial will be accepted. 

  • If the Applicant would like management to review additional information regarding the felony conviction or the current arrest or warrant as part of their rental application, the Applicant is permitted to submit that information to management along with their application and Management will review that information on a case by case basis. 

4. Rental History

  • Rental history will be verified for each applicant.

  • Must have a minimum of one (1) year verifiable rental/residence history and

  • No more than (1) late Rent payments in a 12-month period.

  • No more than one (1) NSF Rent Payment in a 12-month period.

  • No non-compliance issues that resulted in non-renewal or eviction.

5. Pet Qualifications & Rules

  • Large breed animals are classified as over 30lbs. Small breed animals are defined as 30lbs and under.

  • Large breeds must be over 5 years of age. / Small breeds must be over 2 years of age.

  • Female cats must be fixed and declawed or fixed and outdoor only.


  • Certain breeds of dogs must be approved by the Owner and carry an extra liability policy naming the owner and Valco Homes as added insured parties. These breeds include, but are not limited to: Pit Bull, German Shepherd, Rottweiler, Doberman, Chow, and wolf breeds.


Tenants shall ensure that all pet(s) are well behaved and shall not allow the pet(s) to disturb any other residents or neighbors. Tenant to ensure the pet(s) cause no damage to the property. Tenant agrees the pet(s) shall only be walked on a leash and only in areas so designated by the Owner/Landlord and the homeowners association. 

Tenant will be responsible for any and all damages caused by the pet(s) on the property or in the community and will indemnify and hold harmless Owner/Landlord/Management for, from and against any and all claims arising because of the pet(s). 

Tenant agrees that the pet(s) will be licensed in accordance with all applicable governmental provisions. Owner/Landlord and/or Management reserve the right to require Tenant to immediately remove the pet(s) at any time upon any violation of Tenant of these rules.

Application Instructions

A rental application must be signed and processed on all prospective occupants 18 years of age or older. A non-refundable application fee must be paid for each applicant leasing for 14 days or more. All prospective occupants will be qualified on the following four (4) criteria; 1) Income/employment 2) Credit 3) Rental history and 4) Criminal history.

  • All applicants must be 18 years of age or older.

  • All occupants 18 years of age or older must completely fill out & sign a rental application and meet our qualifying criteria. This includes providing photo ID and acceptable proof of income.

  • Each occupant, 18 years of age or older, agree to pay a $40 non-refundable application fee.

In order to be considered for a property for lease, you must complete our online Rental Application, submit a legible copy of your Govt issued photo ID and pay a $40.00 nonrefundable application fee per adult. No application will be processed without these items.

All applications are processed as they are received. We do not take a property off the market until the application has been approved, security deposit received and the lease agreement signed by all parties. Every attempt will be made to process your application within 48 hours of receipt. C5 Property Management shall have the right to reject incomplete or falsified applications or applications without all names, phone numbers, addresses and signatures necessary for verification purposes. Each blank on the application must be filled out completely. Please use N/A for any irrelevant blanks or lines.

If the property you are applying for is located within a Homeowner’s Association, you will be expected to abide by the CC&R’s and Rules and Regulations of said Association. You can request a copy of these from the Property Management office.

You will be required to pay the first month’s rent in full, in certified funds on or before your move in date.

Equal Opportunity Housing

C5 Property Management does not and will not discriminate against any person based on race, color, religion, sex, handicap, familial status, national origin, or sexual orientation