RESIDENT QUALIFYING CRITERIA

Investors’ Property Services is committed to compliance with all federal, state and local fair housing laws. It is our policy to offer apartment for rental to the general public without regard to race, color, national origin, religion, sex, familial status, handicap or any other state or locally protected classification. All applicants and co-applicants must be 18 and over unless protected by the familial status per the Fair Housing amendment. All adult members of the household must complete a Rental Application and each applicant must pay the application fee at the time of application submission. Third party written verification may be obtained to certify household claim.

Investors’ Property Services uses verifiable information provided by an applicant and Leasing Desk Screening program to determine whether an applicant qualifies and what if any conditions may apply. Our Rental Criteria requires all applicants to meet the following criteria in order to qualify for housing at our community. Please note that these are the current rental criteria and nothing in these requirements shall constitute a guarantee or representation by our community that all residents and occupants currently residing in our community have met these requirements. There may be residents and occupants that have resided here prior to these requirements going into effect. Additionally, our ability to verify whether these requirements are met is limited to the information we received from various applicant reporting services.

INCOME/EMPLOYMENT HISTORY:

All applicants must have a combined verifiable income source in a gross amount of no less than three times the resident paid portion of rent. Combined gross income of less than three times the resident paid portion may require an opportunity fee, additional deposit, guarantor or other condition. Acceptable proof of income is as follows:

· Two months of consecutive paycheck stubs for each applicant
· Job offer with salary (on company letter head with contact information)
· Most recent tax return or W-2
· Consecutive or most recent three months of bank statements
· Child support or alimony when directed by a court
· Grants, pensions, trust funds
· GI benefits, disability, social security

RENTAL/MORTGAGE HISTORY:

All applicants 18 years of age and over are required to sign the lease agreement. All applicants must have six months current verifiable, satisfactory rental or mortgage payment history. An eviction or foreclosure could constitute cause for denial and forfeiture of all fees paid. Less than six months of history or first-time renters may be required to pay an opportunity fee, additional deposit, secure a guarantor or other conditions.

· Lease term fulfilled
· No lease violations
· Residence left in satisfactory condition
· Proper notice to vacate given

CREDIT HISTORY:

All applicants must have established retail credit in good standing. Lack of established credit or negative credit may require an opportunity fee, additional deposit, secure a guarantor or other conditions. Items reviewed to determine eligibility are FICO score, check writing history, evictions, judgments and bankruptcies. Negative credit includes but is not limited to the following:

· Past due accounts
· Judgments
· Liens
· Write offs
· Balance to a rental community or mortgage company
· Unresolved bankruptcy (regardless of date)

CRIMINAL HISTORY:
A criminal background check will be conducted for each applicant 18 years of age and older. It is our policy to review applicants who pass all other rental criteria. Applicants with felony convictions or serious misdemeanor convictions for crimes against persons or property, drugs, assaults, weapons or crimes of a sexual nature may result in a denial of your application. The review process may require the applicant to complete additional paperwork for further review of the crime itself. We have a screening process that bases its conditional approvals upon the type of criminal conduct, age of conviction and history after conviction.

GUARANTORS/CO-SIGNERS:
A guarantor/Co-Signer will be considered for lack of employment/income, rental history and/or credit. Guarantors must complete and application and meet all the qualifications listed above with the qualifying income increased to five times the monthly market rent.

NON-US CITIZENS/FOREIGN NATIONALS:
Foreign nationals/non-us citizens may be required to complete a supplemental rental application for non-us citizens and provide valid and current USCIS documentation and photo ID (passport, driver’s license, US identification card, or identification card from home country).

OCCUPANCY GUIDELINES/STANDARDS:
The maximum number of occupants permitted to dwell in an apartment shall not exceed two per bedroom. When renting to residents we will allow two persons per bedroom plus a newborn who is less than 12 months old. If you exceed our maximum occupants per bedroom because the newborn is older than 12 months at the end of the lease term, you must at that time qualify for a transfer to an apartment with more bedrooms if available.

WAITING LIST:
Leasing is based on a first come, first serve basis in accordance with the qualifying criteria of our community. When there are no vacant or available rental units, eligible applications will be placed on a waiting list. Our waiting list is close/open considering the number of applications for each size or type of unit to fill anticipated vacancies for the coming 12 months. We will publicly announce the close or open of the waiting list.

IDENTITY VERIFICATION:
Valid government-issued photo identification must be presented by all applicants and guarantors over the age of 18. Our privacy policy is available to you upon request.

PET POLICY:
An additional deposit and fee will be required for animals accepted within the accepted weight limits. Non-acceptable canine breeds are: Pit Bulls, Rottweiler’s, Dobermans, German Shepherds, Akita, Wolf- Hybrids, St. Bernard, Great Danes, Chows, and Mastiffs. Unless proper documentation is provided in advance that the pet is a service animal and reasonable accommodation has been requested. Only two pets per apartment are allowed. There is a $300.00 non-refundable pet fee with a $15.00 monthly pet rent; two pets require a $500.00 non-refundable pet fee with a $30.00 monthly pet rent. A pet agreement on file is required.

UTILITIES:
Utilities applicable as stipulated in the lease contract.

EQUAL HOUSING OPPORTUNITY:
We do business in accordance with the Federal Fair Housing Laws (Title VIII of the Civil Rights Act of 1968, as amended by Fair Housing Community Development Act of 1974). It is illegal to discriminate against any person because of race, color, religion, sex, national origin, handicap or familial status.

“I hereby authorize Investors’ Property Services to obtain a consumer report, and any other information it deems necessary for the purpose of evaluating my application. I understand that such information may include, but is not limited to, credit history, civil and criminal information, records of arrests, rental history, employment/salary details, vehicle records, licensing records, and/or any other necessary information. I hereby expressly release Investors’ Property Services, and any procurer or furnisher of such information, and understand that my application information may be provided to various local, state and/or federal government agencies, including without limitation, various law enforcement agencies. I authorize Investors’ Property Services to bill my account for all fees associated with processing my application. By signing this document, you acknowledge that you have had the opportunity to review the Rental Criteria. If you do not meet the rental criteria or have submitted incomplete or falsified application may lead to rejection of your application or immediate termination of your lease and any fees associated with processing the application will be forfeited as liquidated damages. This community will operate under an affirmative marketing plan. All Fair Housing Laws will be followed.” I/We have read and understand the above rental criteria and authorize verification of the application information. I/We agree to all terms above.

By selecting the box associated with this policy, I/We have read and understand the rental criteria for this community.

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PRIVACY POLICY

PERSONAL INFORMATION OF RENTAL APPLICANTS AND RESIDENTS - We are dedicated to protecting the privacy of your personal information, including social security numbers and other identifying or sensitive personal information. Our policy and procedures are designed to help ensure that your information is kept secure. We work to follow all federal and state laws regarding the protection of your personal information. While no one can guarantee against identity theft or the misuse of personal information, protecting the information you provide us is a high priority to our company and staff. If you even have concerns about this issue, please feel free to share them with us.

HOW PERSONAL INFORMATION IS COLLECTED - You will be asked to furnish some of your personal information when you apply to rent from us. This information will be on the rental application form or other document that you provide to us or to an apartment locator service, either on paper or electronically.

HOW AND WHEN INFORMATION IS USED - We use this information only for our business purposes involved in leasing a dwelling to you. Examples of these uses include, but are not limited to, verifying statements made on your rental application (such as your rental, credit and employment history), reviewing your lease for renewal and enforcing your lease obligations (such as to obtain payment for money you may owe us in the future).

HOW THE INFORMATION IS PROTECTED AND WHO HAS ACCESS - We only allow authorized persons to have access to your personal information, and we keep documents and electronic records containing this information in secure areas and systems.

HOW THE INFORMATION IS DISPOSED OF - After we no longer need are required to keep your personal information, we will store or destroy it in a manner designed to prevent unauthorized persons from accessing it. Our disposal methods include shredding, destruction or obliteration of paper documents and destroy electronic files.

LOCATOR SERVICES - If you found us through a locator service, please be aware that locator services are independent contractors and are not our employees or agents – even though they may initially process rental applications and fill out lease forms. You should require any locator services to furnish you their own privacy policies.

By selecting the box associated with this policy, I/We have read and understand the rental criteria for this community.