Application Approval Process is based on the following (but not limited to): Income, rental History, Employment History, Credit History and Criminal Background Check.
Availability: Applicants for apartment homes will be accepted on a first come, first serve basis and are subject to the availability of the apartment floor plan requested.
Rental Applications: Rental applications must be completed by each applicant (defined as all residents to be identified in the Lease Agreement as the persons responsible for paying rent).
Any omissions or falsifications may result in rejection of an applicant or termination of a Lease. A driver’s license or other state or federally issued photo I.D. will be required for identification prior to showing an apartment home. This I.D. will be kept in a secure location in the rental office and returned once the apartment tour is completed. All applicants must be a minimum age of nineteen (19) years of age.
Qualifying Criteria: In approving an application for residency, the following criteria must be met:
Income: Gross Income per individual or married couple must be 4 times the amount of market rent. Roommates must qualify individually and are required to make 3 times the amount of market rent. You will need to provide two (2) or more of your most recent paycheck stubs per applicant.
Employment: Applicants must have at least 6 months of current verifiable employment. The submission of two (2) or more paycheck stubs with year-to-date information will be sufficient. If the application has less than 6 months current employment, we must verify at least two years of previous employment. Full-time students may require a co-signer, proof of enrollment or graduation. Self-employed individuals must provide a financial statement from a CPA or previous year’s tax return. Retired applicants must provide a verifiable source of income to indicated the ability to pay
Rental History: Applicants must provide 12 months of current verifiable rental history. An application will not be approved if there is an outstanding balance owed to an apartment community or mortgage company. Additionally, all adult applicants must have acceptable rental history with no prior evictions and no history of default in lease obligations or community policies. The following will be verified: (a) length of residency; (b) consistency and timing of payments; (c) adherence to community policies; (d) if proper notice was given. All addresses showing up on the credit report will be verified. Should you have a balance or fail to fulfill a lease obligation with another community, you will need to provide a written statement from the rental management or mortgage company that the balance has been paid. If rental is from an individual owner, applicant must provide a copy of the lease and 6 months of rental receipts.
Applicant will automatically be denied for the following reasons:
• Anyone having been convicted of manufacturing or distributing a controlled substance.
• Anyone convicted of a felony.
• Falsification of any information on the rental application.
• Anyone not providing all required application information within 72 hours.
• Anyone previously foreclosed on, evicted or sued for rent or apartment damages.
Co-Signers: Co-signers are accepted only for students. Co-signers must complete an application, meet all leasing criteria requirements and must make five (5) times the apartment market rent in monthly verifiable income.
Occupancy: No more than two occupants per bedroom in each floor plan.
Application Fee: A non-refundable $50.00 application fee will be submitted in certified funds (cashier’s check or money order) per applicant.
Security Deposit: A good faith deposit of $300.00 will be submitted in certified funds (cashier’s check or money order) with the application for residency. This deposit is fully refundable providing all the provisions of the lease agreement are met upon move-out. If for any reason management decides to decline the application, management will refund the good faith deposit in full. The security deposit will not be refundable if the applicant cancels after 48 hours of the date of the application or refuses to occupy the premises on the agreed upon date.
Utilities: Residents are responsible for payment of electricity, water/sewer (unless specified), telephone service and cable/internet.
Rental Payments: The first month rent or pro-rated rent will be due in certified funds (cashier’s check or money order) on move-in day. Rental payments are due on the first (1st) day of each calendar month and are considered late on the second (2nd) day of the month. A late fee equal to 10% of your monthly rent will be charged after the fifth (5th) day of every month. No partial payment will be accepted and only one check per apartment for the full rent amount due will be accepted. Checks, cashier’s checks or money order are the requested forms of payment . Personal check are not accepted after the fifth (5th) day of the month. All returned checks will be assessed an NSF fee of $35.00, in addition to the 10% late fee. After one (1) NSF checks are tendered, resident(s) will be placed on a cashier’s check or money order basis for the remainder of residency.