
Resident Selection Criteria
OCCUPANCY STANDARDS:
The Department of Justice believes that an occupancy policy of two persons per bedroom, as a general rule, is reasonable under the Fair Housing Act. This is the general rule that our property follows.
RESIDENT REQUIREMENTS:
The following procedures outline the determination of eligibility and acceptability:
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All adults must be lease holders, therefore, a formal completed application is required from anyone 18 years of age or older that will be living in the apartment/home.
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Pay stubs for the most recent month or tax records for the most recent tax year will be required to verify employment. A minimum of 6 months employment within the same company or industry is required. Gross income must equal 3 to 4x the monthly rent amount per month.
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Proof of income and/or subsidy or a benefit verification letter is required for verifying gross income.
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Must have positive rental or mortgage history within the last 6-24 months. A minimum of 6 months rental/mortgage history is required (lease or mortgage must be in applicant’s name) or a co-signer will be required.
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A background check will be made to determine record of criminal history.
CO-SIGNER REQUIREMENTS:
Obtaining a co-signer may be a condition of your application approval. Co-signers must meet the following requirements:
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Can be a relative, legal guardian, or any qualified individual.
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Gross income must equal 5 to 6x the monthly rent amount. Pay stubs for the most recent month or tax records for the most recent tax year will be required to verify employment. A minimum of 6 months at current employment or within same industry is required.
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Must have positive rental or mortgage history within the last 6-24 months. A minimum of 6
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months rental/mortgage history is required.
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Co-Signer Application must be completed and signed; Guarantee of Lease Form must be signed and notarized. A separate application fee is required.
SELECTION AND REJECTION CRITERIA:
A decision of approval or denial will made after considering the following things:
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Whether information provided on application is sufficient and accurate.
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Whether the applicant has the satisfactory history of meeting financial obligations.
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Whether the applicant demonstrates financial responsibility to pay the monthly rent.
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Management reserves the right to decline an applicant if the income does meet the specified requirement outlined in the Resident Requirements and Co-Signer Requirements above.
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Management will consider the previous 6-24 months of rental or mortgage history and reserves the right to approve or decline an applicant based on the results.
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Any applicant who has been convicted of a sexual crime and is a lifetime registered sex offender will be declined. Any applicant who has been convicted of a felony crime within the last 10 years will be declined if the crime involves drugs, violence, theft, alcohol abuse, fraud, or arson. Any applicant who has been convicted of a misdemeanor crime within the past 3 years that involves the sale of drugs, violence, theft, or fraud will be declined.
FEES AND DEPOSITS:
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Required earnest money must be paid in order to hold the apartment/home for up to 14 days once application has been approved.
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Earnest money paid will be refunded if applicant is rejected, but forfeited if applicant decides not to lease apartment/home. Upon execution of the lease agreement, the earnest money shall become part of the security deposit.
APPLICATION APPROVALS/REJECTIONS:
Applicants will receive either a phone call or a formal letter stating acceptance or rejection of the application depending on information given in the application.
PAYMENTS:
Payments are accepted in the form of cash, money order, cashier’s check, or personal check.