SCORING OF YOUR CONSUMER CREDIT REPORT: This Community uses
an expert statistical credit scoring system to evaluate your consumer
credit report. Credit scoring is based on real data and statistics, so it treats all applicants objectively. 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, this information is compared
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. Based upon your credit 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 that 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 CHECK: A criminal background check will be run
on all applicants. An applicant is not automatically denied in the event they
have been convicted of a felony within 7 years except in certain circumstances.
For example, a denial will occur should an applicant appear on the list of
known terrorists and wanted fugitives as provided by the Office of Foreign
Asset Control, OFAC, federal agencies to include the FBI, or other state and
local law enforcement agencies or is registered sex offender or sex
predator. Applicant understand that this list is not exhaustive, and that
agents cannot know how each conviction is categorized in every city, municipality,
state or region. The applicant understands that in certain instances the Lease
may be terminated in the event the applicant, after moving on the property,
is convicted of certain felonies or appears on the list of known terrorists
and wanted fugitives or is listed as a sex offender or sex predator.
Note: This requirement does not constitute a guarantee or representation that
residents or occupants residing at this apartment community have not been convicted of a felony or other crime, or are not subject to deferred adjudication
for a felony.
NOTIFICATION STATUTES: For your information, you may obtain data about sexual offenders and/or predators from The Department of Justice.
INCOME: The total amount of income combined for all applicants is part of our
decision factors. This can include but is not limited to income being equal to or
greater than (2.5) two and a half times the full Market Rent. Applicants will be required
to submit verifiable income sources. Acceptable income verification required
may include: (a.) six (6) consecutive weeks of pay stubs or a bank statement
showing recurring pay deposits for 12 months; (b.) job opportunity letter or
income verified by employer on company letterhead. This will be called on and
verbally verified by the onsite staff; or (c.) in the event of self-employment,
applicant(s) must provide proof of income via the last year’s IRS tax transcript. If applicant(s) has no current employment,
one or more of the following conditions must be met: (a.) applicant(s) must provide
bank statement reflecting balance equivalent to rental obligation for entire lease term;(b.) proof of trust income; or (c.) proof of social security, retirement, unemployment,
or disability income.
RENTAL HISTORY: Up to 24 months of rental history may be verified on present and
previous residences. A positive record of prompt monthly payment, no damages or
monies owed, and sufficient notice to vacate is expected. Eviction, skip, landlord
debt, or falsification of this application may result in an automatic rejection.
APPLICANTS WITHOUT SOCIAL SECURITY NUMBER OR FEDERAL TAX ID NUMBER: