Statement of Rental Policy
Welcome to our community. Before applying to rent an apartment,please take the time to review this Statement of Rental Policy. For the purpose of this document, the term “applicant” is defined as the person or persons who will be signing the Lease as the “Resident”. An applicant must be 18 years of age or older to qualify as a resident. All individuals 18 years of age or older must complete an application and be listed as a “Resident” on the Lease Agreement. The term “occupant” is defined as the person or persons who will be listed on the lease agreement who is under the age of 18, and who is residing at this community. Guarantors are accepted in accordance with applicant qualifications. Some criteria apply to the applicants only; other criteria apply to all occupants. Please note that this is the current rental criteria for this community; nothing contained herein constitutes a guarantee or representation that all residents and occupants currently residing here have met these requirements. There may be individuals who began residing at this community prior to these particular criteria going into effect; additionally, the ability to verify whether these requirements have been met is limited to the reliability of information received from applicants and outside services used.
SCORING OF CONSUMER CREDIT: Property Name uses a statistical credit scoring system to evaluate your consumer credit report. Rental Scoring is based upon real data and statistics; it treats all applicants consistently and impartially. Additionally, your rental score never uses certain characteristics like—race, color, sex, familial status, handicap, national origin, or religion—as factors.
Your consumer credit report contains information about you and your credit experiences, such as your bill payment history, the number and type of accounts that you have, late payments, collection actions, outstanding debt, and the age of your accounts. Using a statistical program, the rental scoring systems assign points to certain factors identified as having a statistical correlation to future financial lease performance. Your rental score results from a mathematical analysis of information found in your credit report, application, and previous rental history. We compare this information to the credit trends of other consumers to predict how likely it is that you will pay your rent in a timely manner and fulfill your lease obligations. If you would like information regarding how to improve your credit score, please let us know and we will provide you with more detailed information regarding this process. Based upon your rental score, your application will be accepted, rejected or accepted on the condition that an additional security deposit is paid. If your application is rejected or accepted with conditions, you will be given the name, address and telephone number of the consumer reporting agencies which provided your consumer information to us. An applicant rejected for unsatisfactory credit is encouraged to obtain a copy of the credit report, correct any erroneous information that may be on the report and submit a new application to this community for further consideration.
CRIMINAL BACKGROUND CHECKS: If your application is accepted or accepted with conditions, an extensive criminal background search will be conducted. Property Name performs criminal background checks in accordance with applicable federal and state laws. Applicants’ signature on the Application for Residency authorizes us to check not only applicants’ credit history, but also any arrests or convictions. Applicants’ will be required to answer questions on the application stating whether they have been convicted of or arrested for a crime; and, if so, what the crime was, when and where it occurred and the disposition of that charge. An unsatisfactory criminal background checks that revealing a serious charge including, but not limited to, conviction of a felony or deferred adjudication of a felony will result in denial of your application. However, not all crimes disqualify you from living at the community. Crimes that result in denial of residency are those which pose a serious threat to the health, safety and welfare of persons living and working in our community, taking into account not only the type of crime but also the circumstances under which it occurred. The application will be denied for any of the following reported criminal related reasons that have occurred within the past 20 years prior to the application date: felony conviction, any terrorist related conviction, any illegal drug related conviction, any prostitution related conviction, any sex related conviction, any cruelty to animals related conviction, misdemeanor conviction involving crime against persons or property, any of the prior mentioned charges resulting in “Adjudication Withheld” and/or “Deferred Adjudication”, and active status on probation or parole resulting from any of the prior mentioned reasons. Please remember that this requirement does not constitute a guarantee or representation that residents or occupants currently residing in our community have not been convicted of or subject to deferred adjudication for a felony, certain misdemeanors or sex offenses requiring registration under applicable law. There may be residents or occupants that have resided in the community prior to this requirement going into effect. Additionally, our ability to verify this information is limited to the information made available to us by the resident credit reporting services used.
FEES/DEPOSITS:Each applicant shall pay a non-refundable application fee for verification of information and credit approval. If the application is accepted, then a non-refundable administration fee will be applicable. If an applicant is conditionally approved, but chooses not to pay the additional deposit, then his/her application will be considered declined. If the application is approved and the applicant fails to sign a lease or take occupancy of the premises on the agreed date, management may retain the application fee and administration fees as liquidated damages for the amount of rent lost and any expenses incurred due to the cancellation.
OCCUPANCY: An apartment home shall contain sufficient bedroom space to accommodate the size of applicant’s household. As a general rule, “sufficient bedroom space” is determined by the number of people in the apartment home. Exceptions to this general rule may be granted depending on the age of the persons in the apartment home would reasonable allow for more than two persons per bedroom. The term “equivalent” room does not include bathrooms, kitchens, foyers or laundry rooms. Loft units with no specified bedroom will be evaluated for the number of bedrooms based on the size of the loft as compared to an equivalent sized traditional unit.
PETS (if applicable): Domesticated pets are accepted. A pet fee is required per pet (maximum of two) and must be paid in full prior to move-in. Pets will be subject to visual inspections. Resident(s) agree to comply with all community policies and may be required to sign a separate Pet Addendum. Service animals assisting a handicapped person are allowed and no pet fee is required. The following breed and/or mix breeds are prohibited: Akita, American Bull Dog, American Pit Bull Terrier, American or Bull Staffordshire Terrier, Bull Mastiff, Cane Corso, Chow, Dalmatian, Doberman Pincher, Dogo, German Shepherd, Husky, Malamute, Neapolitan Mastiff, Pit Bull, Rottweiler, Spitz, Stafford Terrier, Presa Canarios, Toso Inu and Wolf-Dog Hybrid.