Credit Criteria

View PDF of a sample Lease

1. Objective: To select residents who will pay their rent on time and respect community property. The property manager is responsible for resident selection.
2. Non-discrimination: This property adheres to the Fair Housing Act and will not discriminate against any person on the basis of race, color, religion, sex, handicap, creed, familial status, national origin, or age (except as eligibility requirements dictate) in any phase of the occupancy and resident selection criteria
3. Residence History: Last three years of residence history must be verifiable and:
   • No evictions.
   • Last 12 month payment history must have no more than 2 late payments including NSF checks.
   • No unresolved lease violations including, but not limited to, disturbances and pet rules.
   • No unpaid amounts due to previous landlords.
   • No excessive damages to previous apartments or property.
   • Applicants who do not qualify based on residence history will not have the option of a guaranty of lease, and the application will be denied.
4. Credit History:
   • No unpaid balances on collections including, but not limited to tax and judgement liens- if in dispute, applicant must provide sufficient documentation.
   • All addresses within the last three years must be verifiable.
   • All credit active in the last three years must have a 1 or 2 rating.
   • Medical accounts will not be included in the above criteria.
   • It is our policy that each applicant must qualify individually.
   • Applicants that do not qualify individually based on credit or income criteria will have the option of attaining a guaranty of lease.
5. Additional Qualifications:
   1. a) Household members who will be signing the lease must be 18 years of age or older.
   2. b) In order to qualify for a specific apartment, the applicant's gross monthly income must be three times the monthly rental amount. If an otherwise qualified applicant's income is less than three times the rental amount, the applicant could be accepted, but only if a guaranty of lease is established