Applicants must have at least three times (3x) the Property's rental rate. (For example-if the Property Rent is $500 a per month, the Applicant must have at least $1500 in Gross Income.) All income must be verifiable to be counted. Please attach copies of your last pay stub, THDA voucher (if property THDA available), child support documentation (court ordered paperwork & at least 6 months proof of payments) and award letters for Social Security and SSI.
Present and previous residency must have history of prompt rental payment, enough notice given and good conduct. Absolutely NO evictions, NO balances and NO judgments owed to other Property Management Companies, Landlords or Attorneys/Collection Agencies associated with same.
Credit will be based on ALL applicants whether married or roommates. No more than one delinquent account for every two current or paid accounts. Medical, dental and student loans, as well as all accounts over 5 years old, classified as "bad credit" shall be excluded from the calculation of the 3 to 1 ratio except for past due rental accounts or balances. If a bankruptcy was filed and discharged, all open accounts established since the discharge date must be current. If applicant has no established credit, this will be considered a satisfactory rating.
Co-signor applications will not waive the credit requirement. Co-signor application will be processed in addition to, not in place of.
Applicant(s) must not have been convicted of any felonies within the past 7 years. All criminal history conviction are and shall be based on the information provided at the time of verification by a source deemed reliable.EMPLOYMENT: Stable history and income verification(s) for a minimum of six (6) months or a credit report with NO delinquencies or collections.
All prospective Tenants over the age of 18 must fill out an application, qualify and be on Lease Agreement. No one under the age of 18 except children living with their parent(s) or guardian(s) may reside on property.
Full and accurate applications are required of all prospective Tenants and cosigners. Falsification or omission of information on an application is grounds for immediate denial or eviction.
Multi-family dwelling pet/animal policy:
-ALLOWED: 1 pet/animal over 50lbs or 2 pets/animals under 25lbs each
-NO birds, fish, reptiles, exotic animals or livestock
*This policy takes into consideration the cumulative impact that multiple animals have in the same unit and/or building. This policy is in place to prevent any undue burden on our multi-family properties. Full and accurate applications are required of all prospective Tenants and cosigners. Falsification or omission of information on an application is grounds for immediate denial or eviction.
No exceptions shall be made to the leasing criteria stated herein unless written approval is obtained from management.
All security deposits are "Holding Fees" until the Lease is signed. If Lease is not signed Holding Fee will be forfeited.