Resident Selection Criteria Application Process
Resident Selection Criteria Application Process
All Adult applicants 18 or older must submit a fully completed, dated and signed residency application and fee. Applicant must provide proof of identity. A Non-refundable application fee will be required for all adult applicants. Applicant may be required to be approved by a condo/homeowner's association and may have to pay an additional application fee or an additional security or damage deposit.
We reserve the right to require a co-signer. A minimum of two years residential rental history is required from a corporation or real estate property management company.
Credit history and or Civil Court Records must not contain slow pays, judgments, eviction filing,collections, liens or bankruptcy within the past 5 years.
Self-employed applicants will be required to produce upon request 2 years of tax returns or 1099s and three months bank statements. Non employed individuals must provide verifiable proof of income.
All sources of other income must be verifiable if needed to qualify for a rental unit. Applicant must provide proof of income documents and have an income ratio of 3x's amount of rent.
Criminal records must contain no convictions for crimes involving violence, assault or battery, drugs, firearms; felonies within the past seven years and no sexual offenses ever. In the event a record comes back "adjudication withheld", “nolle prosse”, or “adjudication deferred”, further documentation may be required and applicant may be denied on this basis.
Previous rental history reports from landlords must reflect timely payment, sufficient notice of intent to vacate, no complaints regarding noise, disturbances or illegal activities, no unpaid NSF checks, and no damage to unit or failure to leave the property clean and without damage at time of lease termination.
No pets (with the exception of medically necessary pets for the benefit of the occupant(s)) of any kind are permitted without specific written permission of landlord in the lease document, an addendum to lease, a non-refundable pet fee acceptable to landlord and/or an additional pet deposit or additional security deposit. Fees and deposits are waived for medically necessary pets.
Applicants will be required to pay a security deposit within two business days of application approval in a minimum amount of one months rent. We reserve the right to require a higher security deposit and or additional prepaid rent.
The number of occupants must be in compliance with HUD standards/guidelines for the applied for unit.
Any exceptions to our company's criteria will need to be submitted in writing to the rental agent for presentation to the landlord for consideration. If approval is then given for such exceptions, additional security, co-signers, and/or additional advance rent payments may be required.
Our company policy is to report all non-compliances with terms of your rental agreement or failure to pay rent, or any amounts owed to the credit bureau and/or a collection agency and if the amount is disputed, it shall be reported as disputed in accordance with law.
Due to our Fiduciary relationship with owners, if more than one application is submitted before approval can be achieved, all applications are to be presented and reviewed, and we are required to select the highest rated application for placements.
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