Everything you need to know before applying
Everything you need to know before applying
Completing your application puts you one step closer to your dream home.
If you are applying with a Housing Choice Voucher (HCV), please visit our qualifications and requirements page here.
The maximum occupancy per home is two persons per bedroom, plus one*. For example, a one bedroom home may have a maximum of three residents, and a two-bedroom home may have a maximum of five residents. Any residents who exceed these occupancy standards during their lease term will be required, upon the end of the current lease term, to either:
- Move to another available Main Street Renewal property with more bedrooms; or
- Move out.
*Please note that occupancy guidelines do not apply to children under one year old.
Contact Main Street Renewal for further details as Occupancy Guidelines are subject to local laws and Homeowners Association (“HOA”) requirements.
For additional information on how to apply for an MSR home, please click here.
All individuals 18+ years of age residing in the home must complete the following:
- Submit a completed application
- Undergo the applicable screening process
- Provide necessary documentation including a valid government-issued photo ID
- Pay a $50 non-refundable application fee
These requirements must also be completed by any resident 18+ years of age added to the household during the lease term.
All applications are reviewed following established screening criteria and using services of TransUnion, a third-party screening provider, for credit and criminal background checks. You can obtain a copy of the screening report by contacting TransUnion directly. Visit TransUnion online at www.transunion.com.
Income verification must prove a combined gross monthly household income of three times the monthly rent.*
Income verification is required for all applications. Main Street Renewal uses third-party income verification provider Plaid to seamlessly verify your income.
*Subject to applicable state law.
During the application process, a credit report will be obtained for all leaseholder applicants to verify credit history and credit score. Credit report results, in addition to applicant’s income, will collectively determine rental eligibility.
Factors that can negatively affect rental eligibility per the results of a credit report include, but are not limited to, the following:
- Credit history
- High debt load
- Payment behavior
- Collection accounts
- Prior Landlord / Tenant evictions
- Delinquencies
A criminal background check will be completed for each applicant and occupant 18+ years of age. All criminal records are evaluated from the date of disposition, regardless of the applicant’s or occupant’s age at the time such offense was committed. The application will be denied for the following:
- Certain felony convictions up to seven years prior to the application date, subject to applicable law.
- Certain misdemeanors up to three years prior to the application date, subject to applicable law.
- Felony convictions for any sex-related offenses, regardless of conviction date.
- Any individual on the OFAC’s SDN list.
These requirements do not guarantee that residents or occupants currently residing in our homes have not been convicted of, or subject to, deferred adjudication for a felony, misdemeanor, or sex offense requiring registration under applicable law. Our ability to verify this information is limited to the information made available to us by the applicant and third party screening service.
Main Street Renewal requires that all residents must be a named insured on a renters insurance policy and maintain an active and compliant renters insurance policy throughout their residency that: (i) includes a minimum of $100,000 of personal liability insurance and (ii) lists “Main Street Renewal, LLC, 5001 Plaza on the Lake, Suite 200, Austin, TX 78746” as an Interested Party. Additionally, each resident must provide a copy of the applicable Declaration Page or Certificate of Insurance by uploading the document onto their Resident Portal by the resident’s Move-In Date (collectively, the “Minimum MSR RI Requirements”).
MSR Insurance Services, LLC (“MSRIS”), an affiliate of Main Street Renewal, is a licensed insurance agent in your area. MSRIS has partnered with Assurant Insurance Services to provide all residents the opportunity to select a policy that meets Minimum MSR RI Requirements (“Assurant Coverage”). This policy includes $100,000 in personal liability coverage and $20,000 in personal property coverage. Residents are provided an option to purchase the Assurant Coverage Policy from MSRIS as part of the application process. For additional details please refer to the Resident Renters Insurance Selection form and the Renters Insurance Addendum to Lease Agreement.
Any resident who does not make a selection to opt in/out, fails to pay their Assurant Coverage premium and/or provide proof of a compliant third-party policy by their Move-In Date is non-compliant and does not meet the Minimum MSR RI Requirements. Any resident that is found to be non-compliant is subject to a non-refundable non-compliance fee of $25 and is subject to auto-enrollment into a Post Verification Insurance Policy (“PVI Policy”) with an insurance carrier within the Assurant group that meets the Minimum MSR RI Requirements. This PVI Policy is different from the Opt-In Policy and may not adequately address your insurance needs. It does not provide any coverage for your personal property.
The Landlord allows a maximum of four pets per property, subject to HOA rules. Approval is required for each animal and will be evaluated on a case-by-case basis. Some breeds are restricted, and fees may apply. Service or assistance animals are exempt from restrictions and fees. Learn more about our policies regarding pets.
Smoking is not permitted inside any of our homes.
A monthly pool service fee of $150 per household will be due in addition to the monthly rent if the home includes a pool. This fee is included in the marketing to make applicants aware of the fee. Please contact the local branch representative for further details.
Other monthly fees may apply depending on the characteristics of the home you choose. For additional information regarding other fees, please contact the local branch representative for further details.
Vehicles must remain operational throughout a lease term and must maintain current registration. In addition, all vehicles must be compliant with all state laws and municipal ordinances. Parking requirements of the municipality and HOA, if applicable, must be followed. Please contact the local branch representative for further details. Boats, trailers or any other non-ordinary vehicle or object parked outside are not permitted on the property at any time unless approved in writing by the Landlord.
Main Street Renewal is a licensed real estate brokerage.
We are focused on renovating and leasing homes across the country. We are proudly based in Austin, TX and have branches in 30 cities with more coming soon.
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