A RENTAL APPLICATION CANNOT BE PROCESSED THAT DOES NOT PROVIDE A SOCIAL SECURITY NUMBER OR AN INDIVIDUAL TAX ID NUMBER FOR EACH APPLICANT, ALONG WITH A GOVERNMENT-ISSUED PICTURE IDENTIFICATION CARD, SUCH AS A DRIVERS LICENSE OR PASSPORT. APPLICATIONS SUBMITTED ON-LINE WILL HAVE PICTURE IDENTIFICATION VERIFIED PRIOR TO THE LEASE AGREEMENT SIGNING.

MAXIMUM OCCUPANCY

INCOME REQUIREMENTS

• Rent is not more than 30% of Gross Income (monthly income before taxes) or 35% of disposable income after credit card and installment loan payments
• If guideline(s) not met, a consigner and/or full deposit may be considered

INCOME VERIFICATION

• Self employed must provide last 2 years of Federal Income Tax Return (page 1)
• Applicants with occupations associated with compensation in the form of commission (without a draw) or tips must provide last 2 years of Federal Income Tax Return
• Income of all other applicants must be verified by employer, paycheck stub which adequately discloses earnings and deductions, or tax returns
• Retired persons may meet income standards or demonstrate available liquid assets not less than one year's rent

CREDIT HISTORY, RENTAL HISTORY & CRITERIA FOR DENIAL

• All applicants are subject to a credit report and criminal background check
• All applicants are subject to reference checks from a person not related by blood or marriage, to be conducted by property manager
• Applicant's style of living is consistent with stated income
• Applicant has satisfactory credit history -- no more than 2 nines on credit report, no more than one outstanding lien or judgment, no bankruptcy within last 3 years unless subsequent payment record is satisfactory -- all may exclude past due medical bills and student loans
• Applicant has not been evicted within the last 3 years and has given proper notice to previous landlords
• Applicant has no judgments obtained by previous landlord
• Previous landlord references do not indicate significant complaints related to repeated disturbance of neighbors? peace or damage to property beyond normal wear and tear
• There are no reports of prostitution, drug manufacture or distribution, reports of violence or threats of violence toward neighbors or landlord
• Applicant has not permitted occupants not named in lease to occupy premises
• Applicant has made no material misstatement or omission of fact(s) on Rental Application
• Applicant has no prior felony conviction, guilty or no contest plea, whether or not convicted
• Applicant has no prior sex-misconduct conviction, guilty or no contest plea, whether or not convicted

SECURITY DEPOSITS & CO-SIGNERS

A full deposit, equal to one month's rent, and/or co-signer may be required when:

• Bankruptcy within 3 years
• First time renter, previous residence with blood relative or private residence
• Self employed or less than 1 year with current employer
• Compensation is straight commission or commission versus nominal draw
• Compensation primarily tips and/or gratuities

OCCUPANCY

Move-in is permitted only after approval by home office and all the following has occurred:

• Completion of Rental Application and payment of application fee
• Satisfactory credit and reference checks, including previous landlords and employers
• Satisfactory verification of income obtained by property manager
• Payment of Security Deposit
• Payment of rent -- rent pro-ration, if pro-ration is more than 1/2 month; or rent pro-ration + one month, if rent pro-ration less than 1/2 month

Rev 0715//02

I UNDERSTAND