CRYSTAL CREEK APARTMENTS
Rental and Occupancy
Criteria Guidelines
Applications for residency will be evaluated
using the following criteria:
Rental applications will be processed for all
prospective applicants 18 years of age and older who will be the
responsible leaseholder. (A non-refundable application fee must be paid
for each occupant 18 years of age and older.)
SALARY AND INCOME
- All
residents must show proof of legal and verifiable
income.
- If
employed, applicant must provide their two most recent pay stubs,
and the employer will be contacted to verify
employment.
- All
other sources of income must be verified. These sources and
verification could include, but are not limited to, tax returns,
bank statements, 1099’s, proof of government payments, proof of
investment or trust fund income, student loan or grant award
documents, Court Orders for child or spousal support,
etc.
- Gross
monthly income of combined applicants must be 3 times the scheduled
rent of the apartment being leased.
- Roommate applications must be processed
simultaneously.
CREDIT HISTORY
- Applicant credit history is evaluated by a
third-party screening service, RealPage Inc.
- Applicant’s credit history will be reviewed for
late payments, charge-offs, unpaid collections, bankruptcies,
judgments and eviction records. Applicant’s credit score will
be derived from this review.
- Applicants with a RealPage Inc.
screening score of 700 to 1000 will be approved upon
satisfactory proof of income and rental history.
RENTAL HISTORY
- Current address on application must match credit
report address
CRIMINAL HISTORY
- A
criminal background check will be run for each
applicant.
CONDITIONAL APPLICATIONS
- If an
applicant receives a RealPage Inc. screening score of 501 – 699, an
additional deposit equal to one month’s rent will be required in
addition to the standard deposit for the unit rented.
DECLINED APPLICATIONS (If any of the following
apply, the application will be declined):
- No
verifiable income or salary.
- Falsification of application.
- RealPage Inc. screening credit score resulting in
a decline.
- Non-U.S. citizens who do not provide the required
U.S. INS documents.
- Applicant has been convicted of a felony that
poses a threat to the apartment community.
SECURITY DEPOSIT REQUIREMENTS
- A
security deposit is required to be paid in full prior to moving
in. If applicant is not approved, a check for the full deposit
amount (not including application fees) will be mailed within
twenty-one (21) days of notification.
- If
after seventy-two (72) hours you or any co-applicants withdraw an
application, we will retain all application deposits as liquidated
damages, and the parties will then have no further obligation to
each other.
- Application fees may be paid by check, money
order, cashier’s check or credit card.
- All
move-in rent and deposits must be paid by money order or cashier’s
check. No cash will be accepted. If the bank returns the
application fee, the application will automatically be
declined.
OCCUPANCY
- Maximum number of persons per apartment: 2
persons per bedroom plus 1. Example: 1 bedroom limit is 3
people, 2 bedroom limit is 5 people, 3 bedroom limit is 7
people. In the event an adoption or birth of a child occurs
causing the occupants to exceed the maximum number permitted per
bedroom, residents will have until the expiration of the lease term
to transfer to the appropriate apartment to comply with occupancy
limits.
CO-SIGNER
- Co-signers are accepted when:
The rent to income ratio is not met by the
applicant, or
Applicant does not have a credit
history.
- Co-signers must complete an application for
residency and be processed through RealPage Inc. screening as a
guarantor with a score of 700 – 1000.
- Co-signer must have income of 5 times the monthly
rent.
- Co-signer must sign the Guaranty/Co-Signer
Agreement.
· Co-signer must reside in
the United States.
APPLICANTS WITHOUT A SOCIAL SECURITY
NUMBER
- Required to submit INS documents for
verification. Acceptable forms include 1551, 1688, 166A, and
I-94. The document must be a minimum 6-month permission period
when they apply.
- If
the I-94 is submitted, a valid passport and visa must also be
submitted.
- Proof
of income – Acceptable sources included two recent paycheck stubs
or six months of bank statements. Students may also submit the
I-20 as an acceptable source of income verification.
INSURANCE
- Residents will be required to provide proof of
personal liability insurance with limits of no less than $100,000
per occurrence and covering the apartment rented by the
resident.