1050 Southmoor Ave

Lease terms

APPLICATION REQUIREMENTS - Please Submit proof of income 3X rent gross (2-3 months of paystubs) and color copy of ID, for pre-approval before application is supplied or showing is provided. application fee is $50 per person over 18 living in the home. PET POLICY - No Pets INCOME REQUIREMENT Applicants must have a minimum combined gross income of three (3) times the monthly rent. All applicants will be asked to produce consecutive and most-recent pay stubs for the last 8 weeks from application date. Additional sources of verifiable income may be considered. These sources may include: child support, grants, pensions, GI benefits, disability, trust funds, social security and savings accounts. In some cases, applicants may be asked to produce additional financial statements/records. EMPLOYMENT REQUIREMENT If applicant is to begin work shortly, the applicant must provide a "letter of intent" to hire from the employer with a start date within 30 days of move in date. Such offer letter must also include the applicant's expected salary/wages, position/title, and company contact information (for the hiring manager or Human Resources representative). CREDIT REQUIREMENT A credit report will be completed on all applicants to verify credit ratings. Income plus verified credit history will be considered to determine rental eligibility and security deposit levels. The application may be denied for unfavorable accounts which include, but are not limited to: collections, charge-off, repossession, and current recent delinquency; and open bankruptcies. On applicants with little or no credit history, an additional security deposit may be required. BACKGROUND REQUIREMENT A criminal background check will be conducted for each applicant and occupant ages 18 years or more. The application will be denied for any felony conviction up to six (6) years prior to the application date, or any felony conviction for sex- and terrorism related offenses, regardless of time. All criminal records are evaluated from the date of disposition, regardless of the applicant's or occupant's age at the time such offense was committed. RENTAL HISTORY REQUIREMENT Applicants must have verifiable rental or mortgage payment history for the last 24 months. The application will be automatically denied for any evictions, broken leases or outstanding debt to a previous landlord within the past five (5) years. When little or no rental history exists, an additional security deposit may be required. RENTERS INSURANCE REQUIREMENT Residents are required to obtain and maintain renter's insurance policy covering loss or damage of personal property. A minimum of $100,000 of Personal Liability Insurance coverage is required with Landlord identified as a "Party of Interest" or "Interested Party" (or similar language as may be available) on the renter's liability insurance policy.