Is it true that Leopalace's screening process is more lenient than other companies?
Leopalace's tenant screening process is often described as "lenient" compared to other rental properties, with many saying that it's particularly easy for unemployed people and part-time workers to pass. The screening process is primarily handled by the management company and guarantor company, and the screening criteria vary depending on the property contract and the applicant's circumstances. A notable feature is that, as long as the applicant's ability to pay the rent can be confirmed, many applicants pass the screening process regardless of their occupation or attributes.
For those who are worried about the screening process, Leopalace is an easy option to consider.
Here we will explain in detail about Leopalace's screening process.
Screening by the management company and guarantor company is the main focus
Leopalace's tenant screening is mainly carried out by a guarantor company affiliated with the management company.
A typical guarantor company is Plaza Rental Management Guarantee, which checks the applicant's ability to pay rent, their attributes, and past history of default. Compared to regular real estate companies, they tend not to place too much emphasis on credit information, so even if an applicant has a history of financial accidents or is unemployed, they often pass the screening as long as they have a guarantor with a certain amount of savings and a stable income.
These flexible criteria make it easy for people with concerns about income or employment status to seek advice, which is one of Leopalace's greatest attractions. If you have concerns, inquiring in advance can help ensure you are able to move in.
The main reasons why people say the screening process is "lenient"
The reason why Leopalace's screening process is said to be "lenient" is because its screening standards are more lenient than those of general real estate companies, allowing for flexible responses.
For example, even if you have a history of financial problems (blacklist) registered with a credit information agency, you may be allowed to move in depending on your ability to repay and whether or not you have a guarantor. Also, there are cases where not only full-time employees but also part-timers, casual workers, and even unemployed people can sign a contract depending on the conditions, so a wide range of people are eligible to sign a contract.
Because they place more emphasis on the ability to repay and the actual living conditions of the property than on the strictness of the credit screening, there are many who say, "I was rejected at other property screenings, but I was able to rent from Leopalace."
Some plans, such as monthly contracts, do not require a screening process.
Leopalace has simplified tenant screening procedures for some contract types, such as "monthly contracts" and "short-term plans." These plans have simpler contract procedures than regular rental contracts, and in some cases you can apply without going through a guarantor company, making them suitable for those looking for a quick move or temporary housing.
This is a particularly flexible option for those who are unemployed, job-hunting, or unable to provide proof of income, as it allows them to move in immediately. However, there are restrictions such as higher rent and a maximum contract period, so if you are looking to live long-term, you should compare this with a standard contract.
Five checkpoints to look at in Leopalace's inspection
Leopalace's screening process checks five main points to determine the applicant's creditworthiness. A comprehensive evaluation is made of factors such as the applicant's ability to pay rent, past history of default, occupation and employment status, personality, and impression of how they respond. If you meet the criteria in these areas, even unemployed people or part-time workers can pass the screening because they have a flexible attitude. To pass the screening smoothly, it is important to prepare in advance with these points in mind.
Here we will explain five checkpoints.
1. Ability to pay rent
Leopalace's screening process places great importance on the balance between the applicant's income and desired rent. Generally, a reasonable rent is considered to be "less than one-third of monthly income," and anything above this may be unfavorable in the screening process.
Even if you are unemployed or only working part-time, you may be deemed to have the ability to pay if you can confirm that you have savings, remittances, or support from a guarantor. In order to pass the screening, it is effective to review the balance between rent and income in advance.
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2. Past rent arrears or contract issues
If you have a history of default on payments with Leopalace in the past or have had trouble with neighbors, this may be unfavorable for your application.
In particular, since Leopalace manages many of its properties, there is a high possibility that past records will remain, and it is important to be aware that they will likely be checked when renewing a contract. If you have any concerns, we recommend that you consult with them in advance.
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3. Attributes such as employment type and years of service
Leopalace's screening process also considers your employment status, such as full-time, contract, part-time, or unemployed. Those with a long history of employment and the potential for a stable income are more likely to pass the screening process, but even for non-regular or unemployed applicants, there are cases where they are flexible in their application process, taking into account factors such as whether or not you have a guarantor, your savings balance, and employment plans.
Leopalace has a relatively diverse range of applicants for its leases, so it has a wider range of options than other companies.
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4. Impression of personality and service
In fact, Leopalace's screening also looks at "personality" and "politeness of response." Applicants' clothing, language, and responses to communications during viewings and applications are used to determine whether they will cause trouble.
At Leopalace, appearance and impression tend to be part of the screening criteria to prevent problems with the living environment within the property. Even small impressions can affect the screening, so be sure to be honest.
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5. Are the documents and contract fees submitted appropriately?
During Leopalace's screening process, an important checkpoint is whether the required documents and contract fee have been submitted accurately and promptly. If identification documents, copies of bankbooks, bank seals, proof of income (if necessary), etc. are not provided, the screening may be put on hold or rejected.
Also, be careful because if you delay paying the initial fees, you may be judged as having ``doubts about your ability to repay.''
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List of documents required for Leopalace's inspection
When applying for a Leopalace tenancy, you will need to submit some basic documents.
You will be required to prepare identification documents, bankbook, seal, contract fee, and depending on the situation, vehicle registration certificate and documents related to the guarantor. These documents are important factors in smoothly progressing the screening process, and any deficiencies will cause the screening to be delayed.
Leopalace's screening criteria are flexible in some ways, but submitting the necessary documents is the "basic first step" and must be remembered.
In this chapter, we will explain each one in detail.
Identification documents
Leopalace's screening process requires identification documents such as a driver's license, My Number card, or health insurance card. These documents are used to verify the applicant's identity and current address. The documents must be valid and match the current address.
During the screening process, it is often sufficient to submit a copy, but there are cases where you will be asked to confirm the original, so be sure to bring it with you when viewing the property or signing the contract. Accuracy of identity verification is a basic condition for passing the screening.
Bankbook and seal
Bank account information is also important in Leopalace's screening process. To set up rent deductions, you will need to submit a bankbook (or cash card) in the name of the tenant and a registered seal. You will often be asked to provide a copy of the cover and first page of the bankbook, and a red ink-type bank seal is generally required.
Even if proof of income is not required, the presence or absence of a bankbook and the type of account are used as indicators of your ability to repay, so it is a good idea to prepare them in advance.
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Contract fee (initial cost)
After passing the screening process, Leopalace requires you to pay a contract fee (initial cost). The amount is approximately 100,000 to 200,000 yen, including an advance payment equivalent to one month's rent, security fees, cleaning fees, key replacement fees, etc.
If you delay payment during the screening process, you may be deemed to have "low repayment ability," so it's best to prepare in advance. Credit cards and electronic payments may be accepted, so don't forget to check the payment methods.
If you own a car, your vehicle registration
If you own a car, you will need to sign a parking contract, and you may be asked to submit your vehicle inspection certificate. This is to confirm the type of car and owner, and to determine whether the parking space is suitable, and depending on the property, it may affect the terms of the contract.
Even if you don't need it at the time of the screening, you may need it just before signing the contract, so if you own a car, it's a good idea to prepare a copy just in case.
Guarantor documents if a joint guarantor is required
Some Leopalace properties may require a joint guarantor instead of a guarantee company. In this case, the guarantor's identification documents, income certificate, and seal certificate are required.
Students, unemployed people, and people with low creditworthiness are especially likely to be asked to provide a guarantor, so it is advisable to secure one in advance. If the necessary documents are in order, the application process will go more smoothly.
Leopalace's review period and estimated result notification
Leopalace's tenant screening process is characterized by being quicker than that of other companies.
In most cases, you will receive the results within 2-3 business days of applying, and in some cases you may receive a call on the same day or the next day. The guarantor company's review and the management company's confirmation are carried out simultaneously, so if the procedures are in order, you will receive a prompt response.
However, there may be delays if there are any deficiencies in the documents or if the guarantor cannot be contacted. It is especially important to apply well in advance if you are applying during peak periods (March to April) or if your application spans weekends and holidays. It is recommended that you make all necessary preparations in advance to ensure a smooth notification of the results.
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Leopalace's guarantor company and guarantee fee structure
When renting a Leopalace property, it is standard to use a guarantor company, which is responsible for checking the contract holder's credit information and ability to repay. By going through a guarantor company, in many cases a joint guarantor is not required, which lowers the screening hurdle.
In particular, the "Plaza Rental Management Guarantee" is often used exclusively by Leopalace, and the initial guarantee fee and renewal fee structures are also clear. The guarantee fee is approximately 100-120% of the rent, so it should be included in your calculations as a pre-move-in cost.
What is the main guarantor company, Plaza Rental Management Guarantee?
Leopalace uses Plaza Rental Management Guarantee Co., Ltd. as its exclusive guarantor for many of its properties. This company is a group company of Leopalace 21, and because it conducts inspections in cooperation with property management, it is notable for the speed at which inspection results are released.
The initial guarantee fee is 100-120% of the total rent
The "initial security deposit" required when signing a contract with Leopalace is usually 100-120% of the total amount including rent and common area charges.
For example, if the rent is 50,000 yen per month, the initial guarantee fee will likely be around 50,000 to 60,000 yen, and will be required to be paid in full at the time of signing the contract. This guarantee fee is not a one-time fee, and there may be additional costs when renewing the contract, so it is important to understand it as a total cost.
If you want to keep initial costs down, one way to do this is to look for a promotional property that includes a guarantee fee.
Check the renewal fee and payment method
If you use Leopalace's guarantor company, you may be charged not only an initial guarantee fee, but also a "renewal guarantee fee" when renewing your contract.
In most cases, the fee is approximately 10,000 to 20,000 yen every one to two years, and will be notified at the renewal date. The guarantee fee can be paid by credit card or direct debit, but this varies depending on the contract plan and property, so it is important to check in advance.
In order to live safely and for a long time at Leopalace, it is important to fully understand the security deposit payment cycle.
Possible reasons and solutions for failing the screening
Leopalace's screening process is said to be relatively flexible, but there are still cases where you will fail the screening if you do not meet certain conditions.
Here we will introduce three common reasons for rejection and how to deal with each. Even if you are rejected, you can try again, so it is important to understand the exact cause and take appropriate measures to improve the situation.
Cause 1: Past trouble history
Leopalace manages many of its properties in-house, so if there has been a history of rent arrears, complaints, or breaches of contract, this history may affect the screening.
In particular, if you have lived in a Leopalace property before, there may be a record of your past troubles, which can be a disadvantage when renewing your contract. Since such past troubles can affect your re-examination, it is recommended that you consult with the company in advance if you have any concerns.
Reason 2: Mismatch in demographics and income
If there are concerns about your attributes or income, such as rent being too high for your income, your employment status being unstable, or you being unemployed and without a guarantor, you may be rejected during the screening process.
Leopalace's guideline is that rent should be less than one-third of your monthly income, and even part-timers and temporary workers can be approved if they meet the criteria, but if you have applied for a property that does not meet your criteria, you should reconsider. By choosing a property that suits your attributes, your chances of passing the screening next time will increase dramatically.
Cause 3: Problems with attitude and response
The screening process not only considers documents, but also the words, actions, and attitude of the applicant during viewings and inquiries. If you respond dishonestly or are extremely sloppy, you may be rejected due to concerns about problems after moving in.
Your interactions with the guarantor company and real estate staff will also determine whether you are a trustworthy person, so you need to be courteous. Even if there are no problems with the rent or income, you should avoid giving a bad impression.
Solution: Get a guarantor, use another company's guarantor company, change the rent range, etc.
Even if you fail the screening, there is a good chance that you can pass if you reapply if you take appropriate measures.
in particular,
- Find a guarantor with a stable income
- Choose a property that can use a guarantor company other than Leopalace
- Effective measures include changing to a plan with lower rent.
Also, since the screening process for monthly plans is simple, it may be a good idea to consider them as short-term housing.
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Frequently asked questions about Leopalace's screening process
While Leopalace's screening process is said to be "lenient" and "easy to pass," many people seem to be worried.
Here we have compiled information to answer three frequently asked questions and help those who are worried about the screening process to proceed with the contract with peace of mind.
Q. Can I borrow even if I'm unemployed?
A. Leopalace has more flexible screening procedures than other companies, so it is possible to borrow even if you are unemployed. In that case, factors such as savings, remittances, employment plans, and whether or not you have a guarantor are important.
In particular, the screening process is often simplified for monthly plans and short-term contracts, making it a realistic option for unemployed people. However, as the contract fee must be paid on the same day, it is essential to have the funds ready.
Q. Can I pass the screening even if I'm blacklisted?
A. Unlike general credit guarantee companies, Leopalace's affiliated guarantee company (Plaza Rental Management Guarantee) often does not refer to credit information agencies, so even if you are on the blacklist, you may be able to pass the screening. If you have no past rent arrears or other problems, they may be able to accommodate you flexibly.
However, if there is a history of delinquency recorded within Leopalace, the policy will be stricter, so if you are concerned, we recommend that you consult in advance.
Q. Which is easier: going through a real estate agent or the official website?
A. The screening criteria are roughly the same whether you apply through a real estate agency or the official website, but if you apply through a real estate agency, you may be able to receive follow-up and negotiations from the person in charge, and there may be more flexibility in adjusting conditions and suggesting guarantors.
In addition, you can also receive advice on incomplete documents and how to make a good impression, so if you are worried about the screening process, it is safer to go through a real estate agent. On the other hand, if you are applying urgently or want to do everything yourself, the official website is the fastest option.
summary
Leopalace's tenant screening process is more flexible than that of general rental properties, and even unemployed people and part-time workers may be able to pass if they meet the conditions. Since the screening process is based on a comprehensive assessment of factors such as the ability to pay rent, the accuracy of submitted documents, appearance, and politeness, not only attributes but also impression is important.
However, you should be careful because there is a risk that you will fail the screening if you have a history of default on payments, contract troubles, or are requesting a property that is not commensurate with your income.
To ensure a smooth screening process, it is important to secure a guarantor with a stable income and to prepare all necessary documents. If you are unsure, it is also effective to apply and consult through a real estate agency. With proper preparation and honest responses, you can be sure to move into Leopalace.
