RENTAL ACCEPTANCE GUIDELINES

APPLICATION PROCESSING FEES:

•Application fees are $60 per application.

•All applicants must be eighteen (18) years or older or be a legally emancipated minor to apply for an apartment. All occupants over eighteen (18) are required to complete an application and be a lease holder.

No cash accepted. We accept personal checks, money orders and/or cashier’s check. We also accept most major credit cards for application and deposit fees by using the link below.

•Application screening includes current and previous employment, rental history, credit check, eviction/skip search and a criminal background check.

•A security deposit ($200) reserves an apartment home and is due when applying at The Terraces at Forest Springs. Also, a non-refundable Administrative fee ($100) per household must be paid in full when submitting your rental application to our leasing office. •Security deposits will be forfeited in full if cancellation occurs by applicant after we have notified them of approval.

OCCUPANCY STANDARDS:

•A maximum of two people in a 1 bdr/1ba unless the third occupant is younger than 24 months.

•A maximum of four people in a 2 bdr /2ba unless the fifth occupant is younger than 24 months.

•A maximum of five people in a 3 bdr /2 ba unless the sixth person is younger than 24 months.

•Guests may not reside in home longer than three (3) days without written consent from management.

One (1) vehicle per lease signing person and no more than two (2) vehicles per apartment unless a carport or garage is reserved for additional vehicles.

INCOME

•Household verifiable gross income must equal or be greater than three (3) times the Market rental rate.

•One (1) year at present job or verifiable former employment or an employment offer letter. Three current pay stubs are required.

•Guarantor lease holders must have verifiable income that equal to five (5) times the Market rental rate.

•If self-employed, most current tax return and bank statements for the previous two (2) months must be presented. Applicants employed on a commission only or base pay plus tips/commissions/bonuses are considered self employed (if unable to qualify on base income).

Rental History

•Positive rental history for the past twelve (12) months must be verified by your previous landlord. First time renters and Active Military will be considered to be good history, unless credit states otherwise.

•No more than (3) late payments within a 12 month period and no more than 2 NSF payments within a 12 month period will be allowed. Good conduct for the least (6) months is required from previous rental verification.

•No history of Evictions or broken leases.

Criminal Background

•No misdemeanors involving fire arms, drugs, theft, destruction of property, and/or crimes against a person, or any crime involving a minor in the past 10 years.

•A previous felony does not automatically decline your rental application. Each of them are reviewed and a decision is made by the credit screening company based on severity and length since occurrence.

I hereby authorize and direct any federal, state, or local agency, organization, business or individual to release information that will verify in facts as represented on my application to rent an apartment with The Terraces at Forest Springs. I further understand that if I am not present, my signature must be notarized on this form and the application. I understand all parties involved must sign all legal documents and all monies due be paid in full prior to The Terraces at Forest Springs releasing keys on the premises.

By clicking the button below, I agree that I have read and understand the Rental Guidelines for The Terraces at Forest Springs.



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