Statement of Leasing Criteria and Consent Form

Statement of Leasing Criteria and Consent Form

Each person eighteen (18) years of age or older must complete an Application for Residency if they will be financially responsible and wish to be listed as a Lessee. Each applicant must meet all credit scoring, employment verification, income verification, rental history requirements and pass a criminal background screen. Upon acceptance, each applicant must execute the Apartment Lease Contract (lease) and all other addenda and is responsible, in solido, for any lease payments and/or fees including, but not limited to, damage(s), fees, and deposits.

All other occupants over eighteen (18) years of age must pass a criminal background screen, regardless, of whether they are financially responsible.

Falsification of any information provided on the application will automatically deny right to residency.

Application Fee: A non-refundable application fee shall be paid with each completed application. Application fees vary depending upon the location of the Vintage Realty Company community selected. Multiple state or foreign criminal background screens could create additional application fee charges.

Security Deposit: A security deposit will be required to hold an apartment upon submission of the rental application. Security deposits are refundable only upon (1) proper written notice of termination of the lease and (2) full payment of all rent, fees and any other consideration owed by any occupant and due under the lease provisions.

Non-U.S. Citizens without a Social Security Number: All Non-U.S. Citizens without a social security number (SSN) must present one of the following documents issued by USCIS (U.S. Citizenship and Immigration Services) for identification to be considered for occupancy:

Arrival / Departure Record, Form I-94
Permanent Resident Card or Alien Registration Receipt Card, Form I-551
Employment Authorization Card, Form I-688Q
Temporary Resident Card, Form I-688
Employment Authorization Document, Form I-688B
Employment Authorization Document, Form I-766
Reentry Permit, Form 1-327
Refugee Travel Document, Form 1-571

Additionally, All persons with no social security number must pay the current monthly rent as a deposit in addition to the required security deposit.

Guarantor (Co-Signer): Applicants that require a co-signer (guarantor) must pay a security deposit of one month’s rent. The guarantor must complete an application, pay an application fee for application processing, meet all qualifying criteria including a financial screen / criminal background screen, have a gross monthly income that is at least six times the rental rate and sign a lease. For approval, the lease guarantor’s score must be greater than or equal to the “Accept” threshold. “Conditionally Accept” for a guarantor is a “Decline”. The guarantor is responsible for all monies that come due under the lease and conditions of the lease and addenda.

Identity and Age Verification: Government-issued photo identification will need to be presented by all applicants. All applicants must be at least 18 years of age.

Income Verification: Applicant(s) must have a combined household gross monthly income of three (3) times the current monthly rental rate. Verification of income will be required. Acceptable forms for verification are a recent pay stub, a recent bank statement or a W2 form (if self-employed). If income is not verifiable or contrary to the application, the application will be declined.

Occupancy Standards: The following occupancy standards apply:

Non-Familial Familial*

One bedroom 2 persons per bedroom 2 persons per bedroom

Two bedroom 1 person per bedroom 2 persons per bedroom

Three bedroom 1 person per bedroom 2 persons per bedroom

*A family may occupy an apartment if the family does not exceed two persons per bedroom plus a child who is less than 18 months old and who sleeps in the same bedroom with the child’s parent, guardian, legal custodian, or person applying for that status. Residents, who have a newborn less than 18 months old at the time of rental application or have reached 18 months during the lease term, will be required, upon the end of the current lease term, to either:

Transfer into another available apartment which has more bedrooms; or
Move out

Rent for the new apartment will be the rental rate at the time the lease is entered into for the new apartment. For the purposes of this occupancy policy, a “family” shall consist of the following: one or more individuals (who have not attained the age of 18 years) being domiciled with: (1) a parent or another person having legal custody of such individual or individuals; or (2) the designee of such parent or other person having such custody, with the written permission of such parent or other person. The term “family” shall also apply to any person who is pregnant or is in the process of securing legal custody of any individual who has not attained the age of 18 years.

Credit and Criminal History: Vintage Realty Company uses a third party consultant to screen each applicant’s credit and criminal history.

Credit History: The consultant uses an empirically derived, statistically sound, credit scoring system to evaluate the applicant’s consumer credit report. Credit scoring is based on real data and statistics, so it regards all applicants objectively. Based upon an applicant’s credit score, the application will be accepted, accepted with conditions, or declined. Each applicant will receive an individual score. If there is more than one applicant per apartment, the scores will be combined to create a combined household score. Changes in Lessees, after Apartment Lease Contract execution and occupancy, will be subject to Landlord approval and application fees.

Criminal Background Search: The consultant will conduct a review of the criminal background of every applicant / occupant over 18 years of age. As with each applicant’s credit score, their criminal history is evaluated, and if past criminal behavior is found to be unacceptable, the application will be declined.

Please remember that this requirement does not constitute a guarantee or representation that residents or occupants currently residing in our community have not been convicted of or subject to deferred adjudication for a felony, certain misdemeanors or sex offenses requiring registration under applicable law; there may be residents or occupants that have resided in the community prior to this requirement going into effect; additionally, our ability to verify this information is limited to the information made available to us.

Employment Verification and Previous Resident History: Vintage Realty Company community employees verify current employment and previous occupancy history as a part of the application review process.

Employment / Income Verification: All leasing consultants will verify current employment by reviewing of current pay stubs for the previous 2 pay periods, contacting the employers and / or obtaining a letter from the current employers verifying employments and salary. For individuals which are not currently employed, it will be necessary to provide the leasing consultant with documentation such as bank / retirement account statements, tax return, trust documents, etc., which support the ability to meet the financial obligation for the apartment home.

Previous Resident History: All leasing consultants will contact previous landlord(s) for the previous two (2) year period to check rental history. Should the leasing consultant determine that the previous rental history is not acceptable due to late payments, NSF checks, community policy violations, eviction proceedings, etc., the application will be declined.

Application Declined: If the application is declined, the applicant will be notified. The application fee is non-refundable and will be forfeited. Any other funds received for the purpose of holding the apartment, will be refunded, if the application is declined.

Application Cancelled: An applicant may cancel a move-in for any reason within 72 hours after submitting an application for residency by providing notice of cancellation. The application fee is non-refundable and will be forfeited. Any other funds received for the purpose of holding the apartment, will be refunded, if the application is cancelled within 72 hours of submission.

Move-In Date: Upon acceptance of the application, both applicant and management will agree to a move-in date. Rental payments will commence on that date whether the applicant has occupied the apartment or not. If the apartment is unavailable on the move-in date and a new move-in date cannot be agreed to, the lease will terminate and all deposits paid to the community will be refunded within (30) days.

Pets: Pets are not permitted in the community unless approved in writing by management. Only cats and dogs no less than six (6) months of age and under 50 lbs. full-grown will be accepted; maximum of two per apartment home. Aggressive and nuisance animals will not be allowed regardless of breed. Although all breeds will be considered, the following breeds are generally not accepted for occupancy: Chow Chow, Rottweiler, Doberman Pinscher, Pit Bull and German Shepherd. If a pet is allowed, the resident must sign a pet addendum which requires the pet owner to adhere to our regulations including any applicable pet weight limit, pet deposit, non-refundable pet fee and any additional pet rent.

Residents have the right to keep a pet in their apartment as an assistive animal if they have a disability and complete the following:

ï‚· Provide proof that the pet is necessary for health reasons

ï‚· Complete a Pet Application and sign the Animal Addendum to the Lease Contract. It should be noted that all application Pet Deposits / Pet Fees / Pet Rent will be waived.

Vehicles: No more than one vehicle per resident is allowed. Vehicles must be operational and have current registration and inspection. Boats or trailers are not allowed without Management’s written permission and must be parked in designated areas only.

Water Furniture: Water furniture will only be allowed in first floor apartments with proof of fully-paid insurance for the term of the lease.

Equal Housing Opportunity: Vintage Realty Company (owner/manager of this property) adheres to the Fair Housing Law (Title VIII of the Civil Rights Act of 1968 as amended by the Housing and Community Development Act of 1974 and the Fair Housing Act of 1988) which stipulates that it is illegal to discriminate against any person in housing practices on the basis of race, color, religion, sex, national origin, disability or familial status.

Consent to Verify Credit and Criminal Background: All applicants, roommates and guarantors (if applicable) must agree to the following by executing this Statement of Leasing Criteria and Consent Form and a Rental Application Form.