Typical home leasing schedule

A sample schedule for the rental of a home through Teton Valley Housing follows.

Weeks 1-2       Lottery open

§  Email regarding available units goes to list of interested buyers

§  Open house held so that potential buyers can see the homes available to rent

Week 3            Lottery prepared and run; Lottery results and application invite sent

§  Randomized drawing held to determine order homes will be offered to buyers

§  Top 5 lottery entrants are notified of their position (1-5), remaining applicants also notified that they are not in the top 5

Week 4            Full verification information submitted

§  Entrant has a week to submit any requested supporting documentation

Week 5            Review applications

§  Notify applicants of approved applications

§  Applicant households will be scheduled for a home tour and a meeting for document review, including the lease and Teton Valley Housing ongoing eligibility guidelines

Week 6            Individual meetings with applicants

§  Once meetings are completed, applicants have 5 days to sign the lease

§  If #1 renter chooses not to move forward, Teton Valley Housing will reach out to #2 on the list.

Week 7            Lease agreement signed

§  Signed lease agreement delivered to building owner

§ Continued eligibility confirmed (income, employment, no residential real estate, primary residence).

§  First/last/deposit collected

§  Congratulations -- we hope you enjoy your new home!