Rental Standards You Can Trust

This page outlines the rental qualification standards used to evaluate applications for homes managed by 505 Housing Property Management in Albuquerque, including income requirements, credit considerations, rental history, and background screening. These standards are applied consistently to all applicants in accordance with fair housing laws.

Prefer to watch or read?

We've made it easy. Watch the quick video for a friendly overview, or read the full renter standards right here beside it. Whatever works best for you — the info’s all in one place.

Description

We've made it easy. Watch the quick video for a friendly overview, or read the full renter standards right here beside it. Whatever works best for you — the info’s all in one place.

2.5x-3x Rent; Any Source allowed - Depends on property owner

Rent + 1.5x rent for other income sources

620+ all adult residents

None in last 7 years for all residents

Max: 2 per bedroom; children over 6 - Same sex

24 months previous tenancy 3rd party (none personal) - Reference: Good Standing Verified

None in last 7 years

None

None in last 7 years

All adults over 18

None

Lighthouse

Security Deposit

Pets

Renter's Insurance

Utilities

Water / Sewer / Trash

Cleanliness

Patios & Front Doors

Pest Control

Police

Maintenance Requests

Parked Cars

Damaged Items In Apartment

Normal Wear

Lightbulbs

Smoke Detectors

Dripping Faucets

Air Filters

Incense

Candles

Guests

Firearms

Drugs / Illegal Substance

Snow Removal

Clogged toilets

No Collected Deposits - Claims for damages - Reduce Bad Debt

None - All tenants must be approved by and carry Lighthouse Deposit

Subject to approval

Per Owner requirements

Tenants Pay all utilities - Gas & Electric, evidence in their name to move in

Add Bill Back per unit - See Lease

Cleanliness - If unit is not clean, 7 day notice, 2nd 7 day < 6 months is eviction (in lease)

No Trash, no junk, no bikes, boards or other

Pest control is at the tenants expense. We do not provide. See Lease

If Police are called to your unit for criminal activity; 3 day notice violation of Quiet Enjoyment - including for guests, you are responsible

Requests Must be in writing on our site / app

No broken down, flat tires, non-moving vehicles, trailers or boats. Towed upon evidence.

Tenant Responsibility for damages - 7 day notice (blinds, windows, doors, etc.); 2nd 7 day notice is Eviction - Tenant responsible for clogged drains & Toilets and damaged items.

Landlord is responsible for normal & reasonable wear

Tenant Responsibility

Must be plugged in and batteries changed - tenant cost - landlord will test at move in - Landlord inspects bi-annually - 7 day notice to correct if not activated

Must notify management immediately for repair to prevent damages - If landlord is not notified reasonably, charges may be passed to tenant for neglegent reporting

Management will Change Quarterly at cost to owner

No incense burning that are stuck at the top of closed doors

No unattended candles burning - don't leave home with a candle burning

No guest may stay longer than 72 hours without being added to the lease - includes background check.

May not discharge any firearms on the property: Violation is an immediate 3 Day Notice & Eviction for Substantial Violation of Lease

Any evidence of illegal substances: Report to the Police and Violation is an immediate 3 Day Notice & Eviction

Tenant responsibility

Assistance Animals (Service & Emotional Support Animals)

Strict Compliance with Federal and New Mexico Fair Housing Law

505Housing operates in full compliance with:

Fair Housing Act (42 U.S.C. §3604(f))
HUD Assistance Animal Guidance (FHEO-2020-01)
New Mexico Human Rights Act (NMSA 28-1-7)
New Mexico Uniform Owner-Resident Relations Act (NMSA 47-8)

We do not create our own rules regarding Assistance Animals.

We follow federal and state law exactly as written.

What Is an Assistance Animal?

Under federal housing law, an Assistance Animal is:

– An animal that performs work or tasks for a person with a disability, or

– An animal that provides emotional support that alleviates symptoms of a disability

Assistance Animals are not pets under housing law.

Pet fees, pet deposits, breed restrictions, and weight limits do not apply to approved Assistance Animals.

What Laws Govern This Policy?

505Housing follows:

– 42 U.S.C. §3604(f)(3)(B) - Reasonable accommodation requirement

– 42 U.S.C. §3604(f)(9) - Direct threat standard

– HUD FHEO-2020-01 - Assistance Animal guidance

– NMSA 28-1-7(F) - New Mexico disability housing protections

All requests are evaluated individually in accordance with these statutes.

What Documentation May Be Required?

If a disability or need is not readily apparent, we may request reliable documentation confirming:

– The individual has a disability as defined under 42 U.S.C. §3602(h)

– The animal assists with that disability

We do not request medical diagnoses or medical records.

Documentation must reflect a legitimate therapeutic relationship with a licensed healthcare provider, consistent with HUD guidance.

Are There Limits on the Number of Animals?

Federal and state law do not impose a numerical cap.

However:

1. Each animal must be supported by disability-related need.

2. Each request is reviewed individually.

3. Requests may be denied if they create:

– A direct threat to others

– Substantial property damage risk

– An undue administrative or financial burden

Resident Responsibilities

Approval of an Assistance Animal does not eliminate responsibility.

Residents remain responsible for:

– Damage caused by the animal

– Waste removal and sanitation

– Compliance with local ordinances

– Preventing excessive noise or disturbance

Damage beyond normal wear and tear may be charged in accordance with NMSA 47-8.

Can a Request Be Denied?

Yes, under federal law, a request may be denied if:

– Documentation is insufficient

– The animal poses a direct threat

– The animal has a documented history of aggression

– The request creates substantial property damage risk

– The request constitutes an undue burden

All determinations are based on objective evidence, not breed, size, or speculation.

If you require a reasonable accommodation for an Assistance Animal, please submit a formal request through our secure portal.

All submissions are reviewed promptly and confidentially in accordance with federal and New Mexico law.

Rental Standards You Can Trust

Prefer to watch or read?

We've made it easy. Watch the quick video for a friendly overview, or read the full renter standards right here beside it. Whatever works best for you — the info’s all in one place.

Category & Description

Rent

We've made it easy. Watch the quick video for a friendly overview, or read the full renter standards right here beside it. Whatever works best for you — the info’s all in one place.

Income

2.5x-3x Rent; Any Source allowed - Depends on property owner

Vouchers

Rent + 1.5x rent for other income sources

Credit

620+ all adult residents

Evictions

None in last 7 years for all residents

Resident to Bedroom

Max: 2 per bedroom; children over 6 - Same sex

Previous Reference

24 months previous tenancy 3rd party (none personal) - Reference: Good Standing Verified

Felony

None in last 7 years

Drug Violations

None

Violent Crimes

None in last 7 years

NM Courts

None in last 7 years

Signers

All adults over 18

Background Checks

All adults over 18

Smoking

None

Lighthouse

No Collected Deposits - Claims for damages - Reduce Bad Debt

Security Deposit

None - All tenants must be approved by and carry Lighthouse Deposit

Pets

Subject to approval

Renter's Insurance

Per Owner requirements

Utilities

Tenants Pay all utilities - Gas & Electric, evidence in their name to move in

Water / Sewer / Trash

Add Bill Back per unit - See Lease

Cleanliness

Cleanliness - If unit is not clean, 7 day notice, 2nd 7 day < 6 months is eviction (in lease)

Patios & Front Doors

No Trash, no junk, no bikes, boards or other

Pest Control

Pest control is at the tenants expense. We do not provide. See Lease

Police

If Police are called to your unit for criminal activity; 3 day notice violation of Quiet Enjoyment - including for guests, you are responsible

Maintenance Requests

Requests Must be in writing on our site / app

Parked Cars

No broken down, flat tires, non-moving vehicles, trailers or boats. Towed upon evidence.

Damaged Items In Apartment

Tenant Responsibility for damages - 7 day notice (blinds, windows, doors, etc.); 2nd 7 day notice is Eviction - Tenant responsible for clogged drains & Toilets and damaged items.

Normal Wear

Landlord is responsible for normal & reasonable wear

Lightbulbs

Tenant Responsibility

Smoke Detectors

Must be plugged in and batteries changed - tenant cost - landlord will test at move in - Landlord inspects bi-annually - 7 day notice to correct if not activated

Dripping Faucets

Must notify management immediately for repair to prevent damages - If landlord is not notified reasonably, charges may be passed to tenant for neglegent reporting

Air Filters

Management will Change Quarterly at cost to owner

Incense

No incense burning that are stuck at the top of closed doors

Candles

No unattended candles burning - don't leave home with a candle burning

Guests

No guest may stay longer than 72 hours without being added to the lease - includes background check.

Firearms

May not discharge any firearms on the property: Violation is an immediate 3 Day Notice & Eviction for Substantial Violation of Lease

Drugs / Illegal Substance

Any evidence of illegal substances: Report to the Police and Violation is an immediate 3 Day Notice & Eviction

Snow Removal

Tenant responsibility

Clogged toilets

Tenant responsibility

Assistance Animals (Service & Emotional Support Animals)

Strict Compliance with Federal and New Mexico Fair Housing Law

505Housing operates in full compliance with:

Fair Housing Act (42 U.S.C. §3604(f))
HUD Assistance Animal Guidance (FHEO-2020-01)
New Mexico Human Rights Act (NMSA 28-1-7)
New Mexico Uniform Owner-Resident Relations Act (NMSA 47-8)

We do not create our own rules regarding Assistance Animals.

We follow federal and state law exactly as written.

What Is an Assistance Animal?

Under federal housing law, an Assistance Animal is:

– An animal that performs work or tasks for a person with a disability, or

– An animal that provides emotional support that alleviates symptoms of a disability

Assistance Animals are not pets under housing law.

Pet fees, pet deposits, breed restrictions, and weight limits do not apply to approved Assistance Animals.

What Laws Govern This Policy?

505Housing follows:

– 42 U.S.C. §3604(f)(3)(B) - Reasonable accommodation requirement

– 42 U.S.C. §3604(f)(9) - Direct threat standard

– HUD FHEO-2020-01 - Assistance Animal guidance

– NMSA 28-1-7(F) - New Mexico disability housing protections

All requests are evaluated individually in accordance with these statutes.

What Documentation May Be Required?

If a disability or need is not readily apparent, we may request reliable documentation confirming:

– The individual has a disability as defined under 42 U.S.C. §3602(h)

– The animal assists with that disability

We do not request medical diagnoses or medical records.

Documentation must reflect a legitimate therapeutic relationship with a licensed healthcare provider, consistent with HUD guidance.

Are There Limits on the Number of Animals?

Federal and state law do not impose a numerical cap.

However:

1. Each animal must be supported by disability-related need.

2. Each request is reviewed individually.

3. Requests may be denied if they create:

– A direct threat to others

– Substantial property damage risk

– An undue administrative or financial burden

Resident Responsibilities

Approval of an Assistance Animal does not eliminate responsibility.

Residents remain responsible for:

– Damage caused by the animal

– Waste removal and sanitation

– Compliance with local ordinances

– Preventing excessive noise or disturbance

Damage beyond normal wear and tear may be charged in accordance with NMSA 47-8.

Can a Request Be Denied?

Yes, under federal law, a request may be denied if:

– Documentation is insufficient

– The animal poses a direct threat

– The animal has a documented history of aggression

– The request creates substantial property damage risk

– The request constitutes an undue burden

All determinations are based on objective evidence, not breed, size, or speculation.

If you require a reasonable accommodation for an Assistance Animal, please submit a formal request through our secure portal.

All submissions are reviewed promptly and confidentially in accordance with federal and New Mexico law.

505 Housing Property Management is committed to Equal Housing Opportunity and fully complies with the Federal Fair Housing Act and all state and local fair housing laws. We adhere to the New Mexico Uniform Owner-Resident Relations Act (UORRA), which governs rental agreements and outlines the rights and responsibilities of both landlords and residents. In accordance with the federal Servicemembers Civil Relief Act (SCRA), we honor all legal protections and lease termination rights afforded to active-duty military personnel. All rental information is deemed reliable but is subject to change without notice. 505 Housing LLC | 505-250-1944. Albuquerque Top Property Management Companies. Joshua Christensen | Qualifying Broker | REC-2024-0235

505 Housing Property Management is committed to Equal Housing Opportunity and fully complies with the Federal Fair Housing Act and all state and local fair housing laws. We adhere to the New Mexico Uniform Owner-Resident Relations Act (UORRA), which governs rental agreements and outlines the rights and responsibilities of both landlords and residents. In accordance with the federal Service members Civil Relief Act (SCRA), we honor all legal protections and lease termination rights afforded to active-duty military personnel. All rental information is deemed reliable but is subject to change without notice. 505 Housing LLC | 505-250-1944. Albuquerque Top Property Management Companies. Joshua Christensen | Qualifying Broker | REC-2024-0235