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Rental Qualifications

Rental Qualifications

INCOME, CREDIT, AND REFERENCE SCREENING

Prospective residents (or applicants) are first evaluated to determine if their income, credit history, and rental history satisfy certain standards.

 
INCOME REQUIREMENTS

Applicants must demonstrate verifiable monthly income of at least 2.5x (two and a half times) the market rent.

Acceptable evidence of income includes recent paycheck stubs, recent bank statements, offer letter on official company letter head including annual gross income and start date, tax transcripts and bank linking (where applicable).

Please note that additional proof of income may be requested.


CREDIT

All applicants will be screened through a third-party screening service. If applicant is accepted with conditions, an additional deposit will be required prior to move-in.

 

LIMITED CRIMINAL BACKGROUND SCREENING

Applicants who satisfy the standards above must satisfy a limited criminal background screening.

The criminal screening will consider felony and misdemeanor convictions related to the following categories of offenses: property offenses, major drug offenses, fraud offenses, major violent offenses against persons, sex offenses, and other offenses that involve conduct that may present a current direct threat of harm to others or to property.

 

ROOMMATES

The combined incomes of all roommates must meet the income requirement. Roommates are separately and jointly responsible for lease obligations.

 

GUARANTORS

Guarantors may be accepted for applicants with insufficient credit or income (certain exclusions apply to bankruptcies, judgments, and balances owed to landlords). Guarantors must reside in the United States. A guarantor must have an acceptable credit history and make 5 times the market rent to qualify.

A third-party company may be used to verify information.

 

MINIMUM AGE

Must be at least 18 years old to sign lease.

 

OCCUPANCY STANDARDS*

1 Bedroom: 2 Occupants
2 Bedroom: 4 Occupants
3 Bedroom: 6 Occupants

*A person under the age of twenty-four months at the time a new lease or renewal lease is signed is not counted as an occupant for purposes of this occupancy standard.

 

 

FOGELMAN PROPERTIES AND THIS RENTAL COMMUNITY ADHERE TO THE FAIR HOUSING LAW (TITLE VIII OF THE CIVIL RIGHTS ACTS OF 1968 AS AMENDED BY THE HOUSING AND COMMUNITY DEVELOPMENT ACT OF 1974 AND THE FAIR HOUSING AMENDMENT OF 1988) WHICH STIPULATE THAT IT IS ILLEGAL TO DISCRIMINATE AGAINST ANY PERSON IN HOUSING PRACTICES BECAUSE OF RACE, COLOR, RELIGION, SEX, NATIONAL ORIGIN, DISABILITY, OR FAMILIAL STATUS.

 
THIS IS AN EQUAL HOUSING OPPORTUNITY COMMUNITY.
 

Rental Qualifications, including income requirements, may change from time-to-time without notice. Reasonable efforts are taken to keep these published guidelines updated, but please confirm with a community leasing professional that these guidelines are current.