General Occupancy Standards and Rental Criteria
ALL APPLICATIONS FOR RESIDENCY WILL BE EVALUATED USING THE FOLLOWING CRITERIA-RENTAL APPLICATIONS MUST BE PROCESSED ON ALL PROSPECTIVE RESIDENTS 18 YEARS OF AGE AND OLDER. A NON-REFUNDABLE APPLICATION FEE MUST BE PAID FOR EACH OCCUPANT 18 YEARS OF AGE AND OLDER.
SALARY/INCOME: APPLICANTS RECOMMENDED “APPROVED” BY OUR SERVICE PROVIDER MUST COMPLY WITH THE FOLLOWING INCOME REQUIREMENTS:
Prior to move-in income must be verified by obtaining one of the following: copies of the last two payroll check stubs, or copies of the last three months of bank statements.
Must be currently employed, but if unemployed or retired, proof of income/assets must be provided and must be equal to 2.5 times the amount of the contractual monthly rent.
Gross monthly income of combined applicants must be 2.5 times the amount of the scheduled rent of the apartment being leased.
Roommate applications must be processed simultaneously.
DECLINED APPLICATIONS: (IF ANY OF THE FOLLOWING APPLY, APPLICATION WILL BE DECLINED)
No verifiable income or salary.
Criminal records – a felony conviction or pending felony conviction will result in a declined application. A misdemeanor related to weapons, drugs, assault and/or sex offense will also result in the application being declined.
Falsification of the application.
SECURITY DEPOSIT REQUIREMENTS:
A security deposit is required to be paid in full prior to moving in. If the application is not approved, the security deposit will be returned, and the application fee will be retained.
If after (48) hours you or any co-applicant withdraws an application, we will retain all deposits as liquidated damages and the parties will then have no further obligation to one another.
All rent, fees, and deposits must be paid by check, money order or cashiers check. No cash will be accepted. If the bank returns the application fee or deposit check for insufficient funds, the application will automatically be denied.
OCCUPANCY STANDARDS:
Maximum number of persons per apartment: 2 persons per bedroom. Example: 1 bedroom limit is 2 occupants, 2 bedroom limit is 4 occupants and the 3 bedroom limit is 6 occupants. In the even that an adoption or birth of a child occurs causing the occupants to exceed the maximum number permitted per bedroom, residents will have until the expiration of the lease term to transfer to the appropriate apartment to comply with the occupancy standards.
SCORING OF YOUR CONSUMER CREDIT REPORT:
This community uses an empirically derived, statistically sound credit scoring system to evaluate your credit report. Credit scoring is based on real data and statistics, so it treats all applicants objectively. Your consumer credit report contains information about you and your credit experiences such as your bill payment history, the number and type of accounts under your name, late payments, collection actions, outstanding debt and age of your accounts. Based on your credit score, your application will be accepted, accepted on the condition that an additional security deposit be paid, or denied. If your credit report indicates that you have no established credit, you may reapply with a financially responsible person for the lease term. This person will be considered a leaseholder and will be required to fill out an application and sign all lease documents upon application approval. If your application is denied, or accepted with conditions, you will be given the name, telephone number and address of the consumer reporting agencies, which provided your consumer information to us.
