Vesica Real Estate
Leasing Criteria

A non-refundable application fee of $50.00 is required when the application is submitted to management. All application fees are non-refundable. If your application fee is returned as NSF, your application will be rejected, and you will not be considered further. If an application is not accompanied with a Holding Deposit, it could take 2-3 weeks for a decision. 

A Holding Deposit equal to the Security Deposit should be paid with certified payment and is required to reserve and hold a specific unit for you. Once paid, the applicant has until 5:00 pm the following business day to turn in all information required for the application process, else management will be unable to render a decision and the Holding Deposit will be forfeited. If the applicant changes his/her decision about renting with Vesica Real Estate at any time or for any reason, the Holding Deposit will be forfeited.  

If the applicant submits all required paperwork within the required time and is not approved for the unit, the Holding Deposit will be refunded within 10 business days of the denial letter. When the lease is signed, the Holding Deposit will convert into a Security Deposit and will then be refundable after the tenant vacates. 

The prospect must execute a lease contract for a reserved unit within 24 hours of approval or as soon as the unit is ready for occupancy, else the Holding Deposit will be forfeited and applied to the unit as lost rent. 

Each prospective resident over 18 years of age will need to fill out an application and have a credit and criminal background screening. 

Applicant must be 21 years of age or older to apply as a lease holder. If under 21 but over 18, an applicant can arrange for a guarantor to apply and the cosigner will need to fill out and process a separate application. If the cosigner qualifies, s/he can sign the Lease Agreement with the minor listed as an occupant. 

Income must be at least three times the rental rate in gross income per month. Employment verification is required. Proof of income (i.e. paycheck stub, letter of employment, employment contract) must be submitted, else a letter will be sent to your supervisor for written confirmation of employment and pay rate. Income may also be verified by submitting the applicant(s) two most recent bank statements. Self-employed applicants must verify income with two previous year’s tax returns. Retired applicants with no monthly income must be able to prove 12 months’ worth of rent in savings. 

Applicant must have a favorable credit history.  

  • A credit check will be pulled and any unpaid housing/rental debt, evictions, foreclosures, or utility balances on the report will result in an automatic rejection. 
  • Homeowner’s credit report must show mortgage company information or the mortgage company must give written documentation of payment history. 

Applicant must have a favorable rental history. Should applicant owe a previous landlord, that applicant must pay the balance and present us a letter of good standing from the apartment community in order to be proceed with processing. 

A person with a criminal background is encouraged to share the details of the incident(s) at the time the application is submitted. A criminal background check will be pulled with the credit check. A person with a recent (10 years of less) criminal conviction or offense will be considered by the management team on a case-by-case basis. 

There is an occupancy limit of a maximum of two person(s) per bedroom.  

Given an application is approved, the approved applicant must identify a tentative move-in date that is either the day the unit is ready for move-in or a maximum of 5 business days afterwards. This move-in date does not have to be the day the applicant physically moves in, but will be considered the lease origin date.  

Applicants are required to set up their utilities 5 business days prior to move-in. A copy of the utility confirmation numbers are to be submitted to our office and are required before a lease may be sent for execution. 

Keys or access devices. We’ll furnish keys and/or access devices only after: (1) all parties have signed the Lease and other rental documents referred to in the Lease; and (2) all applicable rents and security deposits have been paid in full. (3) applicant scheduled a move-in appointment with staff to pick up the keys a minimum of 24 hours in advance. 


To apply, you need to submit a thoroughly completed application.  You can do so on the digital application or you can take a picture with your phone and email it to

A thoroughly completed application should contain the following items: 

  1. Completed application for each person over the age of 18, with the $50 application fee per applicant paid. 
  2. Upload an image of applicant’s State issued ID, Driver’s License, or Passport.
  3. Two most recent consecutive paycheck stubs (four paycheck stubs if paid weekly).
    • Paycheck Stub Alternatives Include the Following: proof of financial aid, school refund check, Social Security, child support, offer of employment etc.
    • If self-employed, your two most recent filed tax returns are required.
  4. Two most recent consecutive bank statements to verify income. 


If you submit a Holding Deposit to reserve a specific unit, then you have until 5:00 pm the day after you pay the Holding Deposit to submit all the information we need, else a decision about whether you qualify cannot be made and the Holding Deposit will be forfeited and the unit will be placed back on the market. Once we have all information needed to make a decision, we will need approximately 3 business days to process it and notify you regarding our decision.

When we finish processing your application, we will contact you. At that time, we will discuss the lease term you want, a move-in date and the amount of your prorated rent. Keep in mind that the market rate advertised is for a 12 month lease. Should you desire a 6 month lease, your rate will be market + $50/month. After you select a move in date your next steps will be discussed!

Rest assured…our team is waiting to serve you! Coming to a Vesica Real Estate Property is like coming home. Are you ready to be home?

Vesica Real Estate acquires and redevelops properties with a focus on impact investing.

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1054 Greymont Ave

Suite 102

Jackson, MS 39202

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