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Application Criteria and Guidelines

Application Criteria and Guidelines

  • Application Fee:a non-refundable $75 application fee is required per applicant prior to starting the application process in the form of:  a personal check, major credit card or EFT via Portal, money order or certified bank funds.   Cash is NOT accept.    The application fee must be paid in full in order to take the apartment unit temporarily off the market, until the application receives its final approval.
  • Application: An application must be completed electronically via web site, or in paper form in person, by any individual 18 years or older who will occupy the apartment, or a non-occupant co-signer to the lease.  All required back up documentation must be provided at the time of application. Additional documentation, if requested, must be provided within 48 hours, in order to keep the application active.
  • Proper ID: All applicants must provide a current picture ID in the form of a valid Driver’s License, Military ID, Government Issued Passport or Student ID.    Tenants under the age of 18 will be listed as an “Other Occupant” on the lease and must provide a birth certificate as proof of age.
  • Income:Gross monthly income must be at least three (3) times the monthly rent amount.   Acceptable proof of income may consist of one or more of the following:  2 consecutive recent paystubs, 3 consecutive recent bank statements that show consistent income deposit history, two past year W-2 stubs.  For Self-employed applicants who can not provide any of these documents, you may provide a copy of your past two (2) years tax returns.  In certain situations, quarterly estimated tax filing statements may also be requested.   New employment letters may be acceptable with further verification.  All forms of income will be verified.   Student loans and other loan receivables are not considered as income.
  • Employment:Must be currently employed or provide a letter of new employment denoting an actual start date of new employment and salary.   All Full-time students will require a Co-signer guarantor.
  • Rental History:Minimum of two (2) years verifiable rental history, indicating no evictions, outstanding debt to any previous landlords, lease violations or multiple late payments.
  • Age:Must be at least eighteen (18) years of age to apply.   All applicants 18 years or older must complete an application, meet criteria and be listed as a financially responsible tenant on the lease.
  • Security Deposit: Payable when lease is signed. Acceptable payment forms include; a personal check, major credit card or EFT via the Tenant Portal, money order or certified bank funds.   Cash is NOT accepted.   For leases signed within 5 days of move-in must be paid with money order or certified funds.   No deposit will be waived or paid in portions.
  • Credit:A credit history report will be generated for each individual applicant.  Credit history must meet our minimum Experian FICO score guidelines of 650.   Co-signer applicants must meet our minimum FICO score of 700.   Exceptions considered for: medical or discharged/released bankruptcies over five (5) years.
  • Automatic Rejection for: false, inaccurate or incomplete application(s), past evictions, money owed to previous landlord, judgments related to residency, outstanding federal tax liens, current bankruptcy proceedings, bankruptcy filed in past five (5) years that has not been discharged or released, current foreclosure proceedings, prior foreclosure within past ten (10) years, undisclosed criminal record, felony conviction within past ten (10) years, felony or misdemeanor conviction as a result of any physical assault, violent action, domestic violence, spousal abuse, any sex offense crimes, registered sex offenders, terrorist database(s), conviction for manufacturing or distribution of a controlled substance, unpaid child support or excessive misdemeanors or arrests.
Posted by: centersquaretowers on June 7, 2017
Posted in: Uncategorized