General Questions

There is a $20.00 non-refundable fee for each applicant, to be paid by the applicants at the time the application is submitted. Only cash or certified payment will be accepted for the application fee.

All applicants must meet the credit and leasing guidelines. Applicants must be 21 years old to qualify, with previous landlord references. Marginal or poor credit may require a larger security deposit.

Income must be at least 3.25 times the amount of the rent of the property applicants are applying to rent. Unemployment income is not considered. Self-employed must furnish a copy of last tax return or furnish a copy of the last 4 months’ bank statements verifying monthly income of at least 3.25 times the rent amount.

Applicants must have good landlord references, or mortgage company payment history, if applicant has just sold his or her home. The same guidelines will apply toward mortgage payment history as other payment history. Acceptable rental history must be for 6 months or more within the last 18 months from at least one applicant. College dorms and relatives are not considered rental references.

All units are available to occupants with children as well as the physically impaired where any modification needed is reasonable. Two occupants per bedroom are acceptable, with children under 12 months not being counted.

Each adult applicant must fill out a separate application. A driver’s license or other government-issued photo ID must be photocopied when application is made. When two or more adults apply together, the group will be processed as "all or nobody": if one person in the group is rejected, the entire group is rejected.

Any criminal offense which has taken place within the last 10 years, may result in a denial. If there is a criminal conviction and the applicant has been out of jail/prison less than 5 years, they will be denied. If the criminal offense was of a sexual, physical or violent nature against either person or property, the applicant will be denied. If the criminal offense took place more than 10 years ago, or if the person has been out of jail/prison more than 5 years and has perfect credit and rental history, they may be approved provided the conviction was a one-time offense and was not of a drug, sexual, physical or violent nature. Multiple offenders will be denied no matter what the credit and rental history shows.

The tenant’s security deposit will NOT be refunded unless the tenant completes the term of the lease and meets all other conditions of the lease. Tenant's security deposit may NOT be applied to the last month's rent.

If tenant is transferred outside of a 75 mile radius of Little Rock at any time after the first 6 months of the lease, the lease may be terminated upon receipt of a 30 day written notice as provided in the lease and written notice of transfer from tenant’s employer.

Peregrine Properties adheres to all requirements of the Fair Housing Laws. We do not discriminate against any applicant for reasons of race, color, national origin, religion, sex, familial status or disability.

Frequently Asked Questions

Q: Do you allow pets?
A: Pets are allowed in our houses, with additional non-refundable fee and a small increase in rent. If allowed, pets are restricted to small animals. Certain aggressive breeds (such as pit pulls) are not allowed under any circumstances. Fee is waived for applicants providing a medical letter stating that the “pet” is, in fact, a medically prescribed assistant or companion service animal. Applicant remains responsible for damage done by ANY animal brought onto the property.

Q: What checks do you run?
A: We run full criminal, reference, employment, and credit checks. All information (such as income, employment and prior renting history) must be verifiable.

Q. Why do you charge an application fee?
A. We have to pay an outside company for perform the credit and background checks.

Q: Do you rent to students?
A: We will consider students if they have prior rental history. We also consider students if parents agree to cosign the lease.

Q: Do you accept HUD Section 8?
A: At this time we do not participate in the Section 8 program.