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Rental Criteria

 


INCOME/EMPLOYMENT: Gross income for the entire apartment must be at least three (3) times the monthly rental amount. Income will be verified for all applicants. We require the two (2) most recent pay stubs or previous year tax returns (1090 form) if self-employed. Verifiable income associated with attending school will be accepted as an alternative to employment. In the event an applicant does not income qualify, we do accept Guarantors.

CREDIT: All applicants must provide a valid government-issued photo ID, and a valid social security number or tax identification number. A credit report will be processed on each applicant using a 3rd party verification service. Credit for the past 3 years will be evaluated and scored based on payment history including but not limited to collections, bankruptcy, foreclosure and civil judgements. Student loans and medical accounts do not affect this calculation. Applicants with a discharged bankruptcy case will automatically be required to pay a full deposit equal to one (1) month rent.

RESIDENCY/RENTAL HISTORY: All addresses for all applicants will be verified. We reserve the right to deny an application for unresolved debts to a previous landlord, unsatisfactory eviction judgments, or non-compliance with any terms of a previous lease contract or community policies. Rental verifications provided by family members or friends will not be considered proof of residency.

IF APPLICANTS DO NOT MEET THE ABOVE CRITERIA A GUARANTOR IS REQUIRED: The Guarantor must complete an application and pay an application fee. Income must be at least three (3) times monthly rent and sign all required paperwork before the applicant moves in. The Guarantor must own a home or have six (6) months of verifiable rental history. If the Guarantor has a bankruptcy less than seven (7) years old on their credit report, they will not be accepted. If the Guarantor is not available to sign the required documents in person, a notarized copy of all paperwork will be accepted.

CRIMINAL BACKGROUND CHECKS: Criminal background checks are required on all applicants. If it is found that an applicant has a conviction or guilty plea for a serious violation or felony, this may be cause for an automatic disqualification and application denial. Below are some particular examples we do not accept, but this list is NOT exhaustive:

  • We do not accept any homicide, kidnapping, arson or sex crimes against persons.

  • We do not accept any felony within ten (10) years.

  • We do not accept misdemeanor theft, burglary, robbery, fraud, embezzlement, bad checks, domestic crimes, prostitution, vandalism or weapons within five (5) years.

  • We do not accept more than three (3) total convictions within five (5) years.

OCCUPANCY: Maximum occupancy is two (2) persons per bedroom, plus one (1). (Certain exceptions apply in accordance with relevant law). An application is required for all applicants 18 years or older. All occupants over age 18 must sign the Lease.

SECURITY DEPOSIT: A security deposit must be paid in full on or before move in. Applications that don’t fully meet the requirements may be approved with an additional Security Deposit subject to our discretion. There is a possibility of a non-refundable $300 credit approval fee depending on credit, rental and employment history. *Contact the office for more details.

Security deposit amount ranges are as follows:

Security Deposit Ranges:

APPLICATION FEES: The following Fees will be charged on all applications:

 

Application Fee: $65 Administrative Fee: $195

** All Fees are Non-refundable.

Failure to provide the documents requested within 2 business days will result in a cancellation and any money paid will be forfeited.

 

 

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