Rental Criteria
All applicants are subject to approval through a third-party applicant screening agency. Approvals of all applicants are based on an empirical system that incorporates various credit factors along with other non-statistical factors to determine overall applicant worthiness. The primary criterion used to determine rental decisions is a rules-based analysis from several statistical indicators including rent-to-income calculations determined from the application, credit worthiness as determined by national credit scores and other proprietary credit calculations more specific to the apartment industry. Other factors may impact the overall rental decision of an applicant including criminal background checks, rental and eviction histories, open bankruptcies, as well as other indicators. When these statistical and non-statistical factors are combined, an overall rental recommendation is determined.
Minimum Standards:
Occupancy
- Occupancy is based on the number of bedrooms in a unit. (A bedroom is defined as a space within the premises that is used primarily for sleeping, with a least one window and a closet for clothing.)
- Two persons are allowed per bedroom, with one additional person per apartment.
Income Criteria
Monthly income should be equal to 2.5 times stated rent, and must be from a verifiable, legal source.
Credit Report
Reusable credit reports are not accepted. All applicants are processed through a third-party screening agency.
Criminal
A single conviction, guilty plea, no contest plea or pending charge for any of the following shall be grounds for denial of the rental application. If there are multiple convictions, guilty pleas or no contest pleas on the applicant’s record, Owner/Agent may increase the number of years by adding together the years in each applicable category. Owner/Agent will not consider expunged records.
- Murder, manslaughter, criminally negligent homicide, aggravated vehicular manslaughter, class A felonies involving arson, rape, kidnapping, child sex crimes, where the date of disposition, release or parole has occurred in the last 7 years.
- Class A felonies not included above for drug-related crimes, person crimes, sex offenses, financial fraud crimes, burglary, where the date of disposition, release or parole has occurred in the last 7 years.
- Class B felony for drug-related crimes, person crimes, sex offenses, financial fraud crimes, aggravated theft, where the date of disposition, release or parole has occurred in the last 7 years.
- Class C felony for drug-related crimes, person crimes, sex offenses, financial fraud crimes, burglary, theft, criminal mischief, coercion, animal abuse, where the date of disposition, release or parole has occurred in the last 7 years.
- Class A misdemeanor for drug-related crimes, person crimes, sex offenses, financial fraud crimes, criminal impersonation, violation of a restraining order, criminal mischief, stalking, disorderly conduct, unlawful possession of a firearm, possession of burglary tools, where the date of disposition, release or parole has occurred in the last 7 years.
- Class B misdemeanor for drug-related crimes, person crimes, sex offenses, financial fraud crimes, disorderly conduct, where the date of disposition, release or parole has occurred within the last 7 years.
Rental History
- Applicants with evictions, in the last 5 years, that resulted in a judgment for the landlord will not be accepted.
- Applicants with a current rental collection balance will not be accepted.
Filed Bankruptcy
- Applicants with an open bankruptcy that has not yet been discharged will not be accepted.
