Application Process & Resident Selection Criteria

The following information is designed to give you information about the application process and our resident selection criteria.

Application Processing And Time Frame:

Cost:

If you decide to apply to rent one of our properties, there is a non-refundable application fee of $50 per adult that must be submitted with your application. Incomplete applications will not be processed.

The Application Process:

Upon receipt of your rental application and application fee, we will:

  1. Check your credit report; and
  2. Check the public records for any past interactions with the eviction process; and
  3. Verify your employment; and
  4. Verify your previous landlord references; and
  5. Do a criminal background check.

Resident Selection Criteria:

Security Deposit Determination

We use a risk-based deposit model. In some cases, we will ask for a higher deposit (up to 2 month's rent) depending on a number of factors detailed in our rental requirements. The Security Deposit will never be less than one month's rent.

Credit Score Based Risk Mitigation Admin Fee

All lease transactions involve risk. Offering an approval based upon total credit score below a 700 comes with more inherent risk. We can offer approval even to tenants with very low credit as long as they can pay the additional fee associated with their credit scores to offset the risk involved. If there are co-applicants, there is only one Risk Mitigation fee per Lease.

Risk Mitigation Admin Fees for Applicants/Co-Applicants:

Average Credit Score (all Adults)….Fee Due at Lease Signing
700 — 850...............................................$ 0
650 — 699...............................................$100
600 – 649...............................................$200
580 – 599...............................................$300
550 – 579...............................................$400
300 – 549...............................................Declined


Denied Lease Approvals: any credit score under 550, (330-549) are declined due to bad credit. A credit score above 550 does not automatically guarantee acceptance.


Dealing with Multiple Applicants: A risk mitigation fee will be assessed based on the AVERAGE FICO score of all adults.
No FICO Score: Applicants who do not have a FICO score may be assigned a score of 550 for the purposes of determining their risk mitigation fee.