Management shall have the right to consider whether the applicant has the financial ability to pay the monthly contributions toward the rent of the unit. The household must have a verifiable income of three times the rent of the unit. A co-signer will be accepted if the applicant does not have verifiable income equal to three times the rent of the unit.

Rental History

Unless you own your home, positive verifiable residential history for the previous three (3) year period is required for each applicant. In case of owning your own home, management will review the mortgage trade line on the credit report to verify residency. Reason for denial will include but shall not be limited to noise complaints, late payments, and damages, etc. All previous landlords must have a zero balance. A co-signer may be accepted if less than three years residential history is verifiable, however a co-signer will not be accepted in lieu of negative rental history.

Credit History

Management shall run a credit report on all applicants. Each applicant must independently meet the credit history for eligibility.

• Any Installment, Revolving and Open Accounts must be rated a minimum 1 and a maximum of 3. Any rating of 4 or greater must have a zero balance.

• All collections, judgments, and liens must have a zero balance regardless of age. Medical collections and medical judgments will be excluded.

• Any collection or judgment owing to a gas or electric company must have a zero balance.

• Bankruptcies within the last three years will be accepted if positive credit has been re-established; however, an additional security deposit equal to one month’s rent will be required.

• Foreclosures must be at least three years old with a positive verifiable rental history or an additional security deposit equal to one month’s rent will be required.

• In the event that the applicant cannot meet the criteria identified in #1, #2, #3, and #4 above, a co-signer will be accepted. Co-signers are required to have a minimum of three lines of credit that must all be rated a maximum of 3 and all collections, judgments, and liens must have a zero balance.

Criminal Activity Background

If any of the following restrictions apply, the application will be immediately denied. A co-signer will not be accepted in lieu of any negative criminal history.

1. Any felony conviction(s) or Nolo Contender (No contest) plea(s) on file with any state, county or federal court unless the applicant has been pardoned.

2. Any conviction or Nolo Contender (No contest) plea(s) by any court of competent jurisdiction whether it be for a felony or misdemeanor, or state, or federal offense which is any way related to the illegal manufacture, sale, distribution, or use of, or possession with the intent to manufacture, sell distribute or use a controlled substance.

• Any one violent crime misdemeanor conviction or Nolo Contender (no contest) plea(s)during the last five (5) years prior to the date of application.

4. Any applicant listed as a sex offender in any state.

 Eligibility

Any person that is head, spouse, or co-head must be eighteen (18) years of age or older at the time the application is completed.

Occupancy Standards

A maximum of two (2) persons per bedroom.

Application

Misrepresentation of the application or failure to complete the application will be reason for disqualification.

Effective 04/18/08

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