Qualification & Approval Guidelines!

An applicant must be 18 years of age or older to qualify as a tenant. All persons age eighteen (18) and over are required to complete an application for residence. A driver’s license or other authoritative document must be provided as proof of age.

 

EQUAL HOUSING: We are an Equal Housing Provider. We do business in accordance with the Federal Fair Housing Act and do not discriminate against any person because of race, color, religion, sex, ancestry, handicap, familial status or national origin. Additionally, we provide housing in accordance with all other state and local laws if those laws provide greater protection than the Federal Fair Housing Act.
 
APARTMENT AVAILABILITY: Applications for apartment homes will be accepted on a first come- first serve basis and are subject to the availability of the particular apartment type requested. “Availability” does not necessarily mean that an apartment will definitely be available for occupancy by an applicant at the estimated date. “Available” apartments include those where a “Notice to Vacate” has been submitted by an existing tenant indicating an intention to vacate on or about a certain date. Under certain circumstances, we will permit current tenants who are not in default of their lease to withdraw or change their notice of moving. Other circumstances not necessarily under management’s control may also delay the date of availability of an apartment. In addition, an apartment may not be considered available because it is about to be placed under contract as an application has been made and a deposit placed to hold the apartment. If the applicant’s application is not approved or if the applicant fails to sign a lease by the specified date, then the apartment would again become available. Whether a particular apartment or type of apartment is available can vary significantly within several hours or a day.
 
PHOTO IDENTIFICATION POLICY: Prior to viewing an apartment home, you will be required to provide a valid government issued photo identification. A valid form of identification shall include one of the following: Driver’s License, Military Identification, a Passport, or government issued photo identification.
 
FEES/DEPOSITS: Each applicant 18 years of age or older is required to pay a non-refundable application fee for verification of information and credit approval. A good faith security deposit is also required with the rental application. If the application is accepted, the initial good faith deposit will be applied toward the required security deposit, and if for any reason management decides to decline the application, management will refund the good faith deposit in full. If the application is approved and the applicant fails to sign a lease within the date specified, management will retain the good faith deposit as liquidated damages for any expenses incurred due to the cancellation.
 
SOCIAL SECURITY NUMBER /ITIN: All applicants must have a social security number or an Individual Taxpayer Identification Number (ITIN) in order to facilitate a credit report and background check. If an applicant does not have a social security number or ITIN, but meets the remaining requirements of the community’s Qualification/Approval Guidelines, a qualified co-signer will be acceptable (see below).
 
CREDIT: Each applicant must be approved through a credit screening program. We use CoreLogic SafeRent, a third party verification service, to evaluate all applications for residency. In determining rental eligibility and security deposit levels, CoreLogic SafeRent analyzes critical variables for each applicant including credit history, current income to debt ratio, current rent to income ratio and public records, using a scoring model that is uniform, fair and unbiased. Co-applicants will be scored together. The following deposit requirements will be applied based on scoring model recommendations:
Accept (370 & Above*) – Standard Deposit
Accept with Conditions (320-369*) – Deposit equal to one full month’s rent
* Acceptance scores are subject to change based on market, occupancy and delinquency trends
If a rental score does not fall within the acceptance levels, but the applicant(s) meets the remaining requirements of the Qualification/Approval Guidelines, a qualified co-signer is acceptable (see below), or alternatively, applicant(s) will qualify by pre-paying three (3) full months rent in advance and posting a security deposit equal to one full month’s rent.
 
INCOME VERIFICATION: ● UNDER 55 YEARS OF AGE- The monthly rental must not exceed 40% of the applicant’s gross monthly income; or 45% if the applicant posts a security deposit equal to one full month’s rent.
● 55 YEARS OF AGE AND OLDER- The monthly rental must not exceed 50% of the applicant’s gross monthly income; or 55% if retired with a minimum bank account of one year’s rent.
All sources of income will be considered in determining whether an applicant meets our income requirements (i.e. wages, savings/investment accounts, interest, dividends, rental income, social security, pension, alimony, child support, etc.). These sources of income must be supported by current documentation (pay stubs, bank statements, income tax returns, court orders, etc.). Income documents must be submitted within 72 hours of the date of application. With co-applicants, income may be combined to qualify. If an applicant does not meet the income qualifications, but meets the remainder of the Qualification/Approval Guidelines, a qualified co-signer is acceptable (see below).
 
CO-SIGNER REQUIREMENTS: A co-signer may only be used for applicants:
1. without a social security number or Individual Taxpayer Identification Number (ITIN)
2. with insufficient income
3. with a rental score that does not fall within acceptance levels
A co-signer must have a social security number or ITIN, qualifying income, satisfactory rental history (if applicable) and qualifying individual rental score. If application is approved, a security deposit equal to one full months rent is required.
 
RENTAL HISTORY: Present and previous rental history (if applicable) will be verified for all applicants. We must obtain verification of a satisfactory rental history within the past five years thru/from landlords and credit reports, which include such things as rental payments, proper notice of cancellation or non-renewal, and no outstanding balances, damages or lease violations. If an applicant has ever been evicted, residency will be automatically denied.
 
CRIMINAL BACKGROUND CHECKS: We perform criminal background checks through Resident Research, LLC. Your signature on the Application for Residency authorizes us to check not only on your credit history, but also on any arrests or convictions. You will be required to answer questions on the application stating whether you have been convicted of a certain crime(s), and, if so, when and where it occurred and the disposition of that charge.
Your application for residency will be denied if a criminal background check reveals:
● a listing as a Sexual Predator or Offender
● a felony conviction involving a violent crime against persons or property within the last seven years
● a felony involving a conviction against a person because such person has been convicted of the illegal manufacture or
distribution of a controlled substance as defined in Section 102 of the Controlled Substance Act (21 U.S.C. Section 802).
● a misdemeanor conviction within the last seven years involving the use, sale, or manufacturing of illegal drugs.
The fact that we perform criminal background checks does not mean that our tenants and occupants have no prior or current criminal histories, and we cannot, and do not guarantee that this community and its tenants are free from crime. Verification of the accuracy of information supplied to or made available to us by applicants and credit reporting services is limited.
 
OCCUPANCY GUIDELINES: The maximum number of occupants per apartment shall be two persons per bedroom. Persons over the age of 12 months old will be included in the occupancy number for the apartment. Unrelated adults (18 years of age or older), residing in an apartment without children, shall observe the following occupancy limitations: no more than two unrelated adults shall be permitted in any apartment. Unrelated adults do not include spouses, children, parents, siblings, grandparents, great-grandparents, aunts, uncles, nieces, nephews or cousins.
Any one person occupying the apartment for thirty days during any consecutive twelve-month period shall be counted as an occupant for purposes of the enforcement of the occupancy guidelines.
 
VEHICLES: No more than two vehicles per apartment or three when there are three persons in a three bedroom apartment in “Q” and “S” buildings. All trucks or vans must be one ton or less in weight. Truck beds must be free of all commercial articles and no ladders or racks may be attached. Commercial advertising should be minimal and must be professionally applied. No recreational vehicles (campers, boats, jet skis, etc.) are permitted on the property.
 
PET POLICY: One dog weighing a maximum of 50 pounds at maturity or two dogs weighing a maximum of 35 pounds each at maturity are permitted in select 1st floor suites or one dog weighing a maximum of 35 pounds at maturity in select 2nd or 3rd floor suites. Written proof of renter’s insurance, valid dog license and updated rabies vaccination is required. No pit bulls or vicious breeds are permitted. Resident must sign a pet agreement and pay a monthly pet rent.
or
Up to two (2) spayed/neutered and de-clawed cats are permitted. Documentation from a veterinarian verifying that the cat(s) has been de-clawed and spayed/neutered is required. Resident must sign a pet agreement and pay a monthly pet rent.
 
DISABLED APPLICANTS: We will permit a tenant with a disability to make certain modifications to the premises at the tenant’s expense. All requests for modifications should be submitted in writing to the property manager.
 
SATELLITE DISH: We allow installation of a satellite dish in accordance with FCC and local access laws. Not all of our apartments are suitable to satellite reception and we cannot guarantee that satisfactory transmission will be received. There are limitations on how and where a satellite dish can be installed.
 
RENTER’S INSURANCE: It is suggested and highly recommended that you obtain and maintain sufficient renter’s insurance to cover all potential loss or damage to your personal property. THE INSURANCE OF THE OWNER DOES NOT COVER YOUR PERSONAL PROPERTY.
 
If my application is accepted and a lease signed by all parties, I understand the security deposit will become my refundable security deposit upon meeting the terms of the Lease Agreement and Community Rules and Regulations. If, after being notified by management that my application has been accepted, I refuse to enter into a lease agreement within five (5) days, with either a standard or increased security deposit, I understand that that the good faith deposit shall be retained as liquidated damages. If for any reason, management decides to decline my application, then management will refund the good faith deposit to me in full. If management accepts the application, but is unable to allow me to occupy the premises on the date agreed because of a delay caused by unforeseen circumstances or holding over of a prior resident, then I agree that my sole remedy shall be the return and refund of the good faith deposit. I hereby waive any other right to damages against management or owners of the property due to failure of management to provide the premises for occupancy.

All fees and terms are subject to change without prior notice.