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Rental Policy

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STATEMENT OF RENTAL POLICY:

We are an equal opportunity housing provider. We fully comply with federal fair housing laws. We do not discriminate against any person because of race, color, religion, sex, national origin, familial status, or handicap. We also comply with state and local fair housing laws. We will make reasonable modifications for handicapped individuals.

Apartment availability: Apartments are available to lease when they become vacant.  An apartment may also become available when an application is denied or when an applicant cancels his/her move-in. Upon approval of your application, Manager shall receive a $100 Holding Fee.  This will hold the desired apartment for a maximum of 30 days.  If this Holding Fee is not received, the apartment will be put back on the market and may be rented to someone else. If, for any reason, you change your mind concerning the apartment during that 30 days and decide not to reside with us, the Holding Fee is forfeited.  At time of move-in, the $100 Holding Fee shall be used toward move-in costs – for example, $100 Cleaning Fee or Security Deposit.

Age: Applicant must be of legal age, 18 years or older. All occupants 18 years or older must fill out an application.

Financial Responsibility: Combined monthly gross income of applicant/applicants must be at least four times the monthly rent of the apartment. We do accept co-signers. A co-signer must make application and be approved according to criteria applied to apartment applicant. They will be considered a leaseholder and held responsible for the term of the lease. Payment of lease value in full in lieu of fulfilling our income criteria will not be accepted.

Credit History: Applicants are required to have a good credit history. Credit history from the last 5 years will be considered. History of late payments and/or collection accounts and a credit history showing bankruptcy, unpaid state or federal tax liens, foreclosure, vehicle repossession, utility or telephone collection, landlord/tenant civil judgment or eviction in the last 5 years will not qualify for lease of a rental home.

Residential History: Previous residency must be verifiable. A Verification form will be sent to current/former landlord for a record of payment history and information regarding any damages or incidents while applicant was living there.

Criminal History: Criminal background checks are automatically conducted as part of our credit history requests. An applicant will be denied if there is a history of serious criminal activity (convicted of a felony or high misdemeanor or is listed as a criminal sexual offender with offenses in the 1st and 2nd degrees or offenses involving children) – including any member of family or occupant included in lease.

Employment/Income: Employment history must be verifiable. A Verification form will be sent to current/former employer for a record of income paid to applicant. If no employment history exists, applicant must show means of financial support for a period of one year. If unable to contact present employer, current check stubs equaling one month of pay will be accepted as verification. If applicant is self-employed, tax records dated within one year will be reviewed. Other sources that will be considered as income may include, but are not limited to trust funds, social security or disability benefits, child support, and alimony.

Occupancy: For reasons of public health and building system capacity, the following occupancy guidelines have been established.
Studio – a maximum of one person
One bedroom – a maximum of three people
Two bedrooms – a maximum of five people
Three bedrooms – a maximum of seven people

Other Rental Criteria: A prospective tenant may be denied if applicant…
Cannot provide proper identification.
Fails to complete and sign application or lease.
Falsifies information on application or lease.
Has a history of disturbing neighbors and/or property destruction.
Plans to use the premises for other than living purposes.
Writes check for application fee, holding deposit, security deposit,
or first month’s rent that is not honored by the bank.
Has unauthorized pets.

EARLY LEASE TERMINATION POLICY: If you need to terminate your lease prior to your lease expiration, we require that you provide us with a 30-day written notice of your intent to terminate your lease early. Rent must be paid through the one month notice period and a liquidated damages fee equivalent to one month’s rent will become due in full by the move-out date.

 

CRW 4163