Qualification Requirements

Applicants must have a minimum combined gross income of 3.0 times the monthly rent.

A credit report will be obtained on all Applicants to verify credit ratings. Income plus verification of credit history will
be entered into a credit screening model to determine rental eligibility and security deposit levels. There are three
screening results: approval, approval with extra deposit, or denial.

Unfavorable accounts which will negatively influence this score include, but are not limited to: inquiries, collections,
foreclosures, charge-off, repossession, absence of credit, and current delinquency. Debt to a previous landlord, and
open bankruptcies will result in an automatic denial of the application. Depending upon the screening result, an extra
deposit of half to a full month’s rent may be required subject to local or state laws.

A criminal background check will be conducted for each Applicant and Occupant eighteen (18) years of age or older.
All criminal records are evaluated from the date of disposition, regardless of the Applicant’s or Occupant’s age at the
time such offense was committed.

The application will be denied for any felony conviction up to six (6) years prior to the application date (subject to
local laws/requirements). The application will be denied for any felony conviction for any sex and/or terrorism related
offense(s ) regardless of conviction date.

Some credit scoring results will necessitate an evaluation of verifiable rental or mortgage payment history. Applications
also depend on the results of a rental history investigation for an approval/ denial determination. Applications for
residency will automatically be denied for current outstanding debt or eviction.

Some credit scoring results will necessitate an evaluation of verifiable rental or mortgage payment history. Applications
also depend on the results of a rental history investigation for an approval/ denial determination. Applications for
residency will automatically be denied for current outstanding debt or eviction.

The most recent paystub from employer OR the most recent month’s bank statement.
(No joint bank accounts may be used unless all joint owners apply as leaseholders. No prepaid or PayPal
accounts will be accepted. Tax Refunds will not be accepted as monthly income.)

One most recent paystub OR One current month of full bank statements. (No joint bank accounts may be used unless all joint owners apply as leaseholders. No prepaid or PayPal accounts will be accepted. Tax Refunds will not be accepted as monthly income.)

Offer letter or income verification from the Applicant’s Employer: must be current or for a job starting within 30 days of move-in, on company letterhead (or notarized) and signed by the appropriate Human Resources or Company officer, with his/her contact information.

Financial statement: One month (or prior year-end statement if prior to April 15) must be submitted. Note: Statement must be prepared by a Certified Professional Accountant, tax accountant, or other certified banking representative. OR Bank Statement: The most recent month of a personal or corporate bank statement is required to calculate the gross monthly earnings per household. Note: If necessary, additional months may be requested. Transfers will not be included in the calculations. No joint bank accounts may be used unless all joint owners apply as leaseholders. No prepaid or PayPal accounts will be accepted.

A disbursement letter from the current year showing monthly amount or statement.

A court order or notarized letter from an attorney representing the terms of proposed assistance. Additional documents may be necessary.

One current month of full bank statement (detailed version, including transactions) with a minimum ending balance of three (3) times the total rent due for the entire lease term. For example, if the monthly rent is $1000 with a 12-month lease term, the ending balance must be a minimum of $36,000. Note: No joint bank accounts may be used unless all joint owners apply as leaseholders. No prepaid or PayPal accounts will be accepted.

Must be combined with your most current bank statement showing current employment. Note: A return from the previous year will not be accepted after April 15 unless proof of a tax filing extension is submitted with the previous year’s tax return. A W-2 or 1099 from the previous year shall not be accepted after January 31.