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General Rental and Occupancy Criteria Guidelines

  1. Age Requirement
    • Person(s) 18 years of age or older will be considered a leaseholder and must complete an application
    • A non-refundable application fee must be paid for each applicant 18 years of age and older for processing criminal background and credit check.
  2. Legal Status
    • Upon submitting your application you must provide a valid, government-issued photo I.D Acceptable forms of I.D are as follows a U.S. State Driver’s License, Identification Card or Military Identification Card, a U.S Visa, or U.S. Passport. If any other documentation is needed and not presented to management within 24 (Twenty-four) hours, the application may be canceled and the holding fee will be not refunded.
  3. Occupancy Standard
    • Occupancy is based on the number of bedrooms in an apartment home. A bedroom is defined as a space within the premises that are used primarily for sleeping, designed to be closed with a door and a closet space for clothing.
    • Maximum occupancy is two plus one per bedroom per apartment.
  4. Income Requirement
    • The gross monthly income of an applicant must equal 2.5 times the effective rental amount of the apartment. The gross monthly income of roommates must equal 2.5. Times the rental amount of the apartment.
    • *Avalon Apartment Homes the gross monthly income of an applicant must equal 3 times the effective rental amount of the apartment. The gross monthly income of roommates must equal 3 times the rental amount of the apartment.
    • Prior to move in all income must be verified by obtaining one of the following: copy of one month’s payroll check stubs, previous year W-2 or 1099 or copies of last three consecutive bank statements demonstrating monthly deposits equivalent to two and a half times the rental amount.
    • Offer letter on company letterhead. Income verification must be in written format.
    • All sources of income will be verified. Verifiable: bank statements, child support, trust accounts, pay stubs, W2 or tax returns.
  5. Self Employment
    • Must provide the previous year’s personal income tax return and two months personal bank statements as evidence of sufficient income. A person who holds a job that is tips only, bonuses only, commission only, will be considered self-employed.
  6. Employment Verification
    • Lease Holder(s) must be currently employed, or provide written evidence of regular income sufficient to 2.5 times the rental amount of the apartment for the lease term.
    • If unemployed or retired, proof of assets should be provided and must be 2.5 times the rental amount of the apartment, for the lease term.
  7. Residency
    • Previous rental history, up to 2 years, will be reviewed and must exhibit no derogatory references. In addition, any debt owed to an apartment community/landlord must be paid in full before an application will be approved. Proof of paid debt must be submitted.
  8. Credit Requirements
    • No established credit history will require a Guarantor/Co-signer and/or applicant must pay an additional deposit. Foreclosures and discharged bankruptcies 3 years or older will be ignored. Open bankruptcies will result in a denial. Medical and student debt will be ignored. If an applicant has 51%- 71% negative credit they will be required to pay an additional deposit. Applicants with more than 75% negative credit will be required to pay a larger additional deposit. Negative credit is considered any account rated 5 or higher ( 120 days past due) as reported by the Credit Bureau. All credit is verified through a credit agency.
  9. Criminal History
    • A Nationwide Criminal Background and Sex offender database search will be completed on all applicants. Any applicant with a conviction related to a Violent Crime against a person or property, sex or weapons will be denied.
  10. Declined Applications may include 1 or more of the following<
    • No verifiable income or salary (except with Guarantor/Co-Signer)
    • Falsification of the application (This will also result in loss of application fee and holding fee)
    • Eviction record
    • Felony convictions per corporate policy
  11. Application Fee
    • $50.00 non-refundable application fee is required per application.
  12. Deposit Requirements
    • A deposit and/or holding fee is required to be in full upon submission of application.
    • If the applicant is not approved, any monies applied to an apartment (deposit, holding fees, etc.) will be refunded except application fees. In addition, falsification of information on the application will result in loss of monies submitted.
    • In the event that applicant(s) cancel 24-hours after monies are received, the full deposit, and holding fee will be forfeited.
    • All rent, deposits, and fees must be paid by check, money order or cashier’s check. No cash will be accepted.
  13. Pet Deposit requirements
    • Cat/Dog $100 Deposit (*all properties except Avalon)
    • Pet Deposit – $100 Pet Fee Non-Refundable
    • *Avalon Pet Deposit – $400 Refundable $100 Non Refundable. Pet Rent $35
    • Prior to move-in, or when you acquire a pet, you must provide management with a veterinarian certificate of health with the following information :
      • Name
      • Breed
      • Age
      • Weight
      • shots or vaccinations,
      • spayed or neutered.
    • Pets must be a minimum of twelve months old.
    • No more than 2 pets are allowed per apartments.
    • Exotic and Poisonous animals and ferrets are not allowed in the community.
    • Pets designated as service animals to accompany a resident with a verifiable disability for the specific purpose of aiding that person will not be charged pet fees and other limitations may be waived, please see the office.
    • Please reference our pet agreement for further details of our pet policies.
  14. Co-Signers/Guarantors
    • Co-signers or guarantors of leases must have a notarized signature on lease agreement if not present at lease signing.
    • The co-signer must fill out an application and will be subject to rental/mortgage verification and credit checks. The Co-signer will be required to provide proof of monthly income at 4 times the effective rental payment.
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