2401 SW Ridgeway Dr #2401

Lease terms

12-month lease, Rent includes HOA dues. Tenant responsible for w/s/g and electricity. Non-smoking property. STANDARDS FOR APPROVAL SCREENING CRITERIA Portable reports not accepted Please be prepared to pay the non-refundable application fee for the online application process, currently $44.77 or as adjusted by the screening agency. In addition, you will also be required to provide a copy of driver's license or state ID and proof of income before a link to apply is provided. Each person over the age of 18 must submit a separate completed rental application and pay the appropriate fee. Failure to submit a completed application and/or failure to provide all the information requested shall be grounds for denial. At the time an application is submitted, you can hold the rental unit pending approval of application our policy requires a HOLDING FEE of $200 be placed by cashier's check or money order payable to Ridgeway Ventures, LLC. Application(s) must be filled out completely and paid for within 24 hours after placing holding fee. The holding deposit is then credited towards the Security Deposit upon approval or returned within 48 hours if application is denied. When the unit is ready for occupancy rent will begin. We cannot hold the unit after the unit is move-in ready. 1. RENTAL REQUIREMENTS a. The applicant must have an established rental history of at least two years. If rental history is less than two years, then an increased deposit -OR- cosigner may be requested. b. Rent history should show that rent payments were made on time and there are no rules violations in the landlord reference history. c. Rental history not by property management company, will require an additional security deposit and / or a co-signer residing in Washington State. (an online application will be required by co-signer) 2. CREDIT HISTORY / REQUIREMENTS a. Applicant must have an established credit history for at least two years; and credit history must show that the applicant pays obligations on time. b. Outstanding bad debts being reported on credit report which is more than $100 but less than $1000 will require an additional security deposit equal to one months' rent. c. Outstanding bad debts being reported on credit report which is more than $1000 will result in denial. 3. INCOME REQUIREMENTS a. Monthly income should be equal to at least 3 times the rental amount b. The applicant must have an established income history of at least two years, six months with current employer; income must be verifiable. c. A current paycheck stub or LES will be required to verify income. d. Letter of authorization for "other income", such as SSI or disability income. Any income not verifiable by W-2 form and pay receipt from an employer must be verified by tax returns and recent profit and loss statement. f. False or misleading information on the application shall be grounds for rejection of the application or eviction, should the applicant be approved based upon the false information. 4. CRIMINAL HISTORY a. No criminal convictions by any applicant for criminal conduct that indicates a risk to resident safety and/or property. In determining whether there is such a risk, the nature, severity, and age of any conviction, as well as any mitigating factors will be considered. b. No felony convictions or multiple misdemeanor convictions by any applicant for criminal conduct within the past seven years for drug related criminal activity, crimes of violence against persons, crimes requiring registration under a sex offender registration statute, property crimes, or other criminal activity that would threaten the health, safety, or right to the peaceful enjoyment of the premises by other residents. c. Management reserves the right to deny an applicant due to any offense considered potentially harmful to persons or property. The above crimes are examples and are not to be considered an exclusive list. Management has the right to deny an applicant if the review of the application indicates that the applicant may constitute a direct threat to the health and safety of our residents or management staff or whose tenancy would adversely affect the physical condition and reputation of the property. 5. AUTOMATIC DENIALS a. No outstanding obligations to landlords. b. Any unlawful detainer action or eviction files against applicants. c. Rental history reflecting any unpaid past due rent, except for unpaid rents from March 1, 2020 to December 31, 2021. d. Any previous Landlord's statement of documented disturbances, unruly behavior, suspected drug activity or would not re-rent. e. Any 14-day notice to pay rent or vacate, notice to comply or 3-day notice to quit. f. Two or more NSF checks within 12-month period. g. Rental history reflecting more than $100.00 damage. The information provided with the application or discovered during the application process and all the above-mentioned factors may be taken in its entirety for the decision for approval or denial.