Heritage Management Group

RENTAL QUALIFICATIONS & ACKNOWLEDGMENT

 

Thank you for considering our community for your future home!  The following guidelines ensure that everyone receives the same consideration in determining eligibility.  To be approved, every potential adult resident (Applicant) must meet the following criteria:

 

PLEASE READ THE FOLLOWING BEFORE COMPLETION AN APPLICATION

 

EQUAL OPPORTUNITY

We belong to the California Apartment Association, an organization dedicated to the ethical and professional management of rental housing.  As such, we follow a Code for Equal Housing Opportunity.  We comply with all Federal, State, and local Fair Housing laws.  We do not discriminate on the basis of race, color, religion, sec, national origin, familial status, disability, ancestry, marital status, sexual orientation, age, or any other protected class. 

 

APPLICATION FORM

Each person 18 years of age or older, or emancipated minor, is required to complete a separate rental application.  Each application must be completely filled out and signed in order to be processed.  Applicant understands and agrees that an investigative report including rental history, credit history, employment history, eviction search, and criminal background check may be completed as part of the application process. All information will be verified and falsified information shall result in rejection, or eviction if Applicant should become a tenant. 

 

FEES & DEPOSIT

Each application must be submitted with an application fee.  The non-refundable application fee is $25.00 per application.  If Applicant is accepted as a tenant, they shall pay Company a security deposit of no more than 2 times the rent.  All payments at move-in must be in the form of a Cashier’s Check, Personal Check or Money Order.  We never accept cash.

 

DOCUMENTATION

Completed applications with the appropriate fees will be processed and considered in the order of their receipt.  Legible copies of the following items MUST be included with each application:

1.       Government-issued photo ID (such as Driver’s license, State ID, Passport, Military ID, foreign government ID).

2.       Two (2) most recent consecutive paycheck stubs, Earning Statement, or a signed offer of employment on company letterhead stating projected income and employment start date within 14 days of the lease start date. 

3.       If self-employed, copy of most recent year’s federal tax return.

4.       Documentation to substantiate other income, such as alimony, child support, or financial aid if you want it considered.

5.       Applicant(s) gross annual income must meet or exceed three (3) times the annual rental rate. 

 

RENTAL HISTORY

6.       Applicant must have a minimum of one-year verifiable rental history with no more than one (1) documented complaint from current or previous landlord(s).

7.       Evictions may result in automatic denial.

8.       Outstanding balances due or collections by former landlords will result in automatic denial, unless satisfied.

 

CREDIT HISTORY

9.       Applicant must have one year of established favorable credit history.

10.    Any bankruptcy must be discharged and Applicant must have reestablished positive credit for one year.

11.    No collections by landlords, utility providers, or returned checks, unless satisfied.

12.    No Tax Liens or judgments, unless satisfied

 

CREDIT REPORT DISCREPANCY NOTICES

13.    If a Notice of Address Discrepancy is reported on the consumer credit report, additional information may be required to verify the address.  Additional information may include a current utility bill, mortgage statement, bank statement, or paycheck stub in the Applicant’s name reflecting the current address.

14.    If the consumer credit report reflects a discrepancy with the Social Security Number provided, verification of the Social Security card may be required by providing the original card.

 

CRIMINAL BACKGROUND

An applicant may be denied (or a lease shall be terminated) if they have been convicted of a felony or misdemeanor for a crime against a person, another person’s property, or against society, or appears on the list of known terrorists or wanted fugitives.  This does not constitute a guarantee or representation that occupants have not been convicted of or committed such offenses. 

 

GUARANTOR / CO-SIGNOR

15.    A Guarantor’s gross annual income or savings must meet or exceed four (4) times the annual rental rate to establish that Guarantor can support their current housing payment and that of the Applicant(s).

16.    Guarantor guarantees the entire rental payment and all financial obligations of all occupants.

17.    The Guarantor must also meet all qualification standards listed, excluding Criminal Background.

18.    A Guarantor that resides anywhere other than the United States will not be accepted.

19.    All paperwork signed by the Guarantor must be notarized if not signed in the presence of a Company employee or received as an e-signature via Guarantor’s email address. 

 

MAXIMUM OCCUPANCY

The maximum number of people that may occupy a rental unit is determined by the number of bedrooms as follows:

                1 bedroom = 3 occupants;                 2 bedrooms = 5 occupants;               3 bedrooms = 7 occupants

 

ROOMMATES

20.    Each individual Tenant and Guarantor is jointly and severally responsible for the entire rental payment or financial obligation, as well as following all community policies and rules.

21.    The security deposit will not be refunded in part, or in full, until the apartment is vacated of everyone and everything.

 

RENTER’S INSURANCE

22.    The Company does not insure others’ personal property. 

23.    It is strongly recommended that the tenant obtain, and maintain renter’s insurance.

 

PETS

24.    A maximum of two (2) pets are allowed (breed and weight restrictions apply) only after all requirements have been met, including written permission from management, and payment in full of an additional deposit.

25.    The presence of an unauthorized pet will be cause for termination of the tenants’ residency.

 

SMOKING

26.    We have a No Smoking policy, which means there shall be no smoking inside any building, in any common area or within 10-feet of any exterior building(s) on the Premises.

 

 

I have read and understand the listed qualifications for renting from Heritage Management Group.