Qualifying Criteria

The Company and this community comply with all federal, state and local regulations regarding Fair Housing for all applicants and residents regardless of race, color, religion, sex, national origin, familial status or handicap.

Occupancy Standard                     

Occupancy standards are a maximum of two (2) persons per bedroom plus on (1) additional occupant (i.e. 3 people per one bedroom, 5 people per two bedroom). Occupants 24 months and older will be included in the count.

Age Requirements                                            

All occupants 18 years of age or older or an emancipated minor by a court of law must be a leaseholder.  All Lease Holders are required to submit an application for approval.

Deposit / Administration Fees

A holding deposit/ administration fee maybe required upon application approval. The holding deposit / administration fee is non-refundable after 72 hours where applicable by state law.

Credit                                                                     

Our credit reporting agency evaluates credit and rental history against indicators of future rent payment performance. An unsatisfactory finding may result in the requirement of an additional deposit, or denial. A prospective lease holder with no established credit history must provide an additional deposit.

Identity Verification                                          

By submitting this application, Applicant(s) hereby consents to CREA Management sharing Applicant’s nonpublic personal information (as defined by the Gramm Leach Bliley Act, 15 U.S.C. §6802(e)) with CoreLogic Rental Property Solutions, LLC and ID Analytics, Inc. (collectively, “Vendors”) for the purpose of CREA Management receiving an identity verification product in connection with my application, and for the Vendors’ use in the preparation of similar reports.

Non-U.S. Citizens                                                

All Non-U.S. citizens must complete a Supplemental Rental Application for Non-U.S. Citizen and provide copies of passports, visas, or any applicable immigration documentation.

Previous Residences                                           

No rental history may require an additional deposit.  No one with a prior record of eviction will be approved for occupancy. Addresses indicated on the credit report(s) must exactly match residences listed on the rental application. 

Criminal                                                                

Our investigation includes criminal background screening. It is possible your application may be denied due to criminal convictions.  

Income                                                                   

The exact income requirement for each application is determined by the rental risk score of the applicant(s). Rental scoring systems assign values to certain factors identified as having a statistical correlation to future financial lease performance.  On average, the monthly income must equal 3x the monthly rental amount.  Court ordered support and other income sources require verification. Paycheck stubs reflecting at least 30 days of employment, the previous year’s income tax return (if self-employed), 3 months of bank statements and/or an offer letter of future employment, are acceptable verification of both income and employment. The income requirement may be modified if required by federal subsidy or financing programs.  A Guarantor may be required if the income requirements are not met.  

Employment                                                         

Lease Holder(s) must present evidence of stable work history for a minimum of one year.  If not employed, evidence of regular income must be provided such as retirement, etc.  If self-employed, an income tax return from the previous year and bank statements from the previous two months must be provided.  Persons who hold commission-only or base plus commissions, tips and bonuses jobs are considered self-employed.  A letter of intent to hire from the employer should be provided if employment has not yet begun.

Guarantor

If a Guarantor is required for lack of income, the Guarantor must be a U.S citizen, make at least 5x the monthly rent, and have established credit. 

CRIMINAL BACKGROUND CHECKS.  Resident acknowledges that, due to the emergency circumstances, the Owner is giving occupancy of the Premises to the Resident prior to the completion of Owner’s standard background and criminal checks. Owner and Resident agree that the Owner will have the right, and Resident hereby authorizes Owner, to conduct such background checks as Owner deems appropriate at any time prior to, during or after, the term of the Lease or Resident’s occupancy of the Premises.  In the event that Owner determines, in Owner’s sole discretion, that Resident does not meet Owner’s standard rental criteria with respect to criminal history during the Free Rent Period, Owner shall have the right to give Resident a one day notice to vacate  the Premises and to proceed to recover possession of the Premises in a manner  allowed by applicable law.

 

Any changes to the lease term, move in date or apartment home selected may result in an adjusted rental rate and/or deposit required.  If applicable, the income requirements must be met for the new rental rate.