Rental Application Approval Criteria
*Please note that each community may have different criteria. The
following is a basic outline of our criteria.
Welcome to our community. Before you apply to rent an apartment, please take
time to review our rental application approval criteria. The following
information is offered so that all applicants will have available to them a
detailed statement of the rental qualifying policies. Although we have attempted
to make this document easy to read and understand, by its nature as a statement
of policy, it includes formal language and legal terms. If you have any
questions about our policies or about the information in this document, please
contact any member of our management team.
We will not discriminate against any person in the rental of an apartment
because of race, color, religion, national origin, sex, age, familial status,
sexual orientation or mental or physical handicap.
The term “applicant(s)” under these criteria means the persons that will be
signing the Lease as a “resident”; the term “occupant(s)” in these criteria
means the person or persons that are authorized occupants under the lease. All
adult occupants will be considered as responsible residents under the Lease
Agreement and will be asked to sign the Lease as a resident. Please also note
that these are our current rental criteria; nothing contained in these
requirements shall constitute a guarantee or representation by us concerning
current or prior residents or occupants. Our ability to verify whether these
requirements have been met is limited to the information we receive from the
various consumer reporting services used.
Confidentiality: We maintain a strict policy of confidentiality and
privacy for our applicants and residents. We do not discuss information on
applications with anyone other than the applicant. In addition, we do not
discuss individual credit reports with an applicant in accordance with the
provisions of the Fair Credit Reporting Act. If you would like to discuss or
dispute anything in your credit report, you will need to contact the
consumer-reporting agency that made that report. We will provide you the name
and address of that consumer-reporting agency.
Application Fee: Each applicant must pay a non-refundable application
fee. Because there are no exceptions, it is important that you review this
information carefully before submitting an application, making certain that, to
the best of your knowledge, you meet the rental application approval criteria
stated.
Roommates/Co-Residents: In the event there are multiple applicants to
reside in the same apartment, i.e. roommates or co-residents, the information on
all applicants will be combined during the verification process.
Occupants: Occupancy will be limited to no more than two (2) persons
in efficiency, studio or one-bedroom apartment, four (4) persons in a
two-bedroom apartment or six (6) in a three-bedroom apartment.
All adult occupants (over the legal age) will be considered as residents
under the Lease Agreement and will be asked to sign the Lease as a responsible
resident.
Social Security Number: Each applicant must have a United States
government issued Social Security number in order for the verification process
to begin. For non-U. Citizens, verifiable employment history will be required as
well as residence history as stated below. Also required is a copy of a valid
passport and or work visa with validity dates through the term of the lease.
Credit History: Applicant(s) must have a credit report, which reflects
a positive payment history on at least 66% of the total accounts reported for
the past two (2) years. Bankruptcy or unpaid foreclosure/eviction/skips/money
owed to a previous landlord within two (2) years will result in denial of the
application.
Income to Debt: A verifiable consistent monthly gross income less the
total monthly debt obligations shown on the credit report divided by three (3)
must result in an amount which is equal to or greater than the monthly rental
rate for the desired apartment.
Income must the verified through a direct supervisor, payroll or human
resources department, or from the applicant’s last four paycheck stubs.
Self-employed applicants will be required to provide either the previous year’s
tax return or bank statements for the last six (6) months.
Proof of retirement benefits, disability income or full time student status
is required.
Residence History: Applicant(s) must have a current resident reference
(apartment community or mortgage company) reflecting a prompt payment record and
an acceptable rental history for the past two (2) years. Unpaid
foreclosure/eviction/skips/or money owed to a previous landlord within three (3)
years will result in denial of the application.
Any record of disturbance of neighbors, destruction of property, living or
housekeeping habits at a prior residence which may adversely affect the health
or welfare of other residents, illegal occupants or unauthorized pets may result
in the denial of the application.
Employment: A company representative must verify applicant’s
employment. In the event of a job change, the previous employment will be
verified and the applicant will be asked to provide a copy of an employment
contract or written job offer from the new employer.
Proof of retirement benefits, disability income or full time student status
is required.
Criminal History: Applicant(s) must not have a criminal history which
reflects any prior felony convictions or deferred adjudication for felony
offenses.
Please remember that this requirement does not constitute a guarantee or
representation that residents or occupants residing at this apartment community
have not been convicted of a felony or are not subject to deferred adjudication
for a felony. There may be residents or occupants that have resided at the
apartments prior to this requirement going into effect; additionally, our
ability to verify this information is limited to the information made available
to us by the reporting services used.
Validity Period: Approved applications remain in good standing for a
period of sixty (60) days from the approval date. If the lease is not signed
and/or the applicant fails to occupy an apartment within the viable time period,
the application must be resubmitted for verification and approval and a new
application fee must be paid.