2564 Waterbury Ln

Lease terms

Income Requirement: Applicant(s) must have a gross monthly income of at least three (3) times the tenant's portion of the monthly rent. For applicants using a housing choice voucher or other rental subsidy, this requirement applies only to the portion of rent paid directly by the tenant, not the subsidized portion. Credit History: All prospective tenants must complete a rental application and authorize a credit and background check. To be considered for approval, the Tenant(s) must exhibit a minimum FICO credit score of 670 (or an equivalent score from another nationally recognized credit reporting agency). The Landlord reserves the right to deny any application that does not meet this minimum credit requirement. Rental History: A prior eviction judgment may be grounds for denial, subject to individualized review of the circumstances. Eviction filings that did not result in a judgment will not, by themselves, be grounds for denial. Proof of Income: Candidates must provide proof of sufficient monthly income to meet the minimum income requirement (e.g., recent pay stubs, offer letter, benefit award letter, or bank statements). References: A reference letter from your current/previous landlord is required. A reference from your current employer or other verifiable source of income is also required, where applicable. Background/Credit Reports: All occupants aged 18 and older must complete a rental application and authorize a credit and background report. Application: Please contact the listing agent to obtain the official rental application URL. Renter's Insurance: Tenant(s) are required to obtain and maintain a renter's insurance policy with a minimum of $100,000 in personal liability coverage for the duration of the lease term. Proof of insurance, such as the declaration page, must be provided to the Landlord prior to move-in. Tenant(s) agree to provide updated proof of insurance upon request and acknowledge that failure to maintain the required insurance may result in termination of the lease agreement. No Smoking Policy: Smoking is strictly prohibited anywhere on the property, including inside the home and on the grounds. Lease Termination/Renewal Notice: The Tenant must provide the Landlord with 60 days' written notice prior to the lease end date regarding their intent to renew the lease or terminate the tenancy. Showing Accommodations: The Tenant agrees to accommodate showings of the property during the final 60 days prior to the move-out date. Early Lease Termination: The Tenant may terminate the lease early by providing 60 days' written notice to the Landlord and paying a re-letting fee equivalent to one month's rent. The Landlord will make reasonable efforts to re-rent the property, consistent with Illinois law.