STEVEN D. BELL COMPANY RENTAL QUALIFICATION STANDARDS · STEVEN D. BELL & COMPANY RENTAL...

3
STEVEN D. BELL & COMPANY RENTAL QUALIFICATION STANDARDS It is the policy of Steven D. Bell and Company to uphold the Fair Housing Laws and not to deviate from these policies. We provide equal housing for all people, regardless ofrace, color, religion, sex, national origin, handicap or familial status. AVAILABILTY: Applications for apartments will be accepted on a first come, first serve basis. All information on the application must be complete, accurate and verifiable. All application fees and deposits must be paid before an application will be accepted and/or processed. Apartments will be reserved for applications based on the availability of the unit type requested by Applicant. RENTAL RATES: Rental Rates are subject to change without notice. RENTAL APPLICATIONS: A Rental Application must be truthfully completed for each prospective Resident who is of age eighteen (18) or older (State of Alabama, age 19 is legal age) and who will occupy the apartment. Any false information may cause application to be rejected or lease to be nullified. A non-refundable application fee will be paid for each Applicant. The Applicant's information will be entered into a scoring system, whicb determines both rental eligibility and security deposit level. APPLICAnON EV ALUA nON; Credit: Good credit history is required for standard acceptance. Applicants with no credit, slow credit or marginal credit may be approved with an additional security deposit. Information from several credit reporting agencies is used to determine credit status. Occupancy History: Steven D. Bell and Company reserves the right to verifY up to 24 months of rental history. A positive record of prompt monthly payment, sufficient notice and no damages is expected. Renting from a relative is not considered rental history, as a contract performance cannot be determined. Home mortgages can substitute for rental history. If there is no rental history, application may be approved with an additional security deposit. Employment: Proof of stable and verifiable current local employment must be provided. Annual income is taken into account as a portion of the approval process. Acceptable methods of income may include: pay-stubs; a letter from the employer on company letterhead; the most recent W-2 form; or, for self-employed Applicants, a copy of the most recent tax return or certified verification from hislher company accountant or bank. PLEASE SEE PROPERTY SPECIFIC STANDARDS REGARDING ACCEPTANCE OF UNDERGRADUATE STUDENTS. Criminal Background: A Criminal background check will be conducted for each applicant Applications will be rejected if the following is discovered: Felony conviction OR any conviction, active parole, "adjudication withheld" or "deferred adjudication" resulting from charges related to: terrorism, drugs, prostitution, sex, animal cruelty, OR crimes held against persons or property. InJernational Applicants with no Social Security Number: May be approved with verification of employment and income, a valid passport and a valid Work VISA or Student VISA. Additional deposit may be required. GUARANTOR/CO-SIGNOR: In the absence of any of the above qualifications, with the exception of negative credit or rental history, a guarantor may be accepted. Guarantor must complete a rental application and must meet the Credit and Criminal Background requirements fully. Guarantor's gross monthly income must equal six (6) times the monthly rent. Guarantor's application must be run separately from the Applicant's application. All Applicants using a Guarantor must still abide by the Onesite Screening recommendation. Guarantor must execute the lease agreement, guarantor agreement and all other documents required by Management Guarantor will be fully responsible for the lease if the Resident(s) default. RESERVAnON FEEl ADMINlSTRATIVE FEE: A non-refundable fee is required to reserve an apartment If management rejects the application, the Reservation Fee will be refunded in full. Reservation Fee will be refunded in full if applicant cancels application within 72 hours of notification of application approval. Otherwise, if the Applicant faiJs to occupy the apartment on the agreed upon date, except for delays caused by holding over of a prior Resident, Management will retain the fee. SECURITY DEPOSIT: A Security Deposit may be required. The deposit is non-interest bearing and is for fulfillment of the Lease Agreement The Security Deposit, or any portion thereof, may be applied by Management to satisfY all or part of the Resident's obligations. Management may require payment for damages above and beyond those covered by Security Deposit, if such charges are warranted. If management rejects the application, Security Deposit will be refunded in full. Security Deposit will be refunded in full if Applicant cancels application within 72 hours of notification of application approval. Otherwise, if application is approved and Applicant fails to occupy the premises on the agreed upon date, except for delays caused by the holding over ofa prior resident, Management will retain deposit. OCCUPANCY STANDARDS AND MULTIPLE RESIDENTS: Two (2) people per bedroom, unless local ordinances state otherwise. (Under this standard, newborns less than fifteen (15) months of age are not counted as a person.) Multiple ApplicantslResidents must qualifY individually for the apartment. Married couples must qualifY jointly for the apartment. Each is fully responsible for the entire rental payment, and each must execute the Lease Agreement and its supporting documents. Rev.02/06

Transcript of STEVEN D. BELL COMPANY RENTAL QUALIFICATION STANDARDS · STEVEN D. BELL & COMPANY RENTAL...

STEVEN D. BELL & COMPANY RENTAL QUALIFICATION STANDARDS It is the policy of Steven D. Bell and Company to uphold the Fair Housing Laws and not to deviate from these policies.

We provide equal housing for all people, regardless ofrace, color, religion, sex, national origin, handicap or familial status.

A V AILABIL TY: Applications for apartments will be accepted on a first come, first serve basis. All information on the application must be complete, accurate and verifiable. All application fees and deposits must be paid before an application will be accepted and/or processed. Apartments will be reserved for applications based on the availability of the unit type requested by Applicant.

RENTAL RATES: Rental Rates are subject to change without notice.

RENTAL APPLICATIONS: A Rental Application must be truthfully completed for each prospective Resident who is of age eighteen (18) or older (State of Alabama, age 19 is legal age) and who will occupy the apartment. Any false information may cause application to be rejected or lease to be nullified. A non-refundable application fee will be paid for each Applicant. The Applicant's information will be entered into a scoring system, whicb determines both rental eligibility and security deposit level.

APPLICAnON EV ALUA nON; Credit: Good credit history is required for standard acceptance. Applicants with no credit, slow credit or marginal credit may be approved with an

additional security deposit. Information from several credit reporting agencies is used to determine credit status. Occupancy History: Steven D. Bell and Company reserves the right to verifY up to 24 months of rental history. A positive record of prompt monthly

payment, sufficient notice and no damages is expected. Renting from a relative is not considered rental history, as a contract performance cannot be determined. Home mortgages can substitute for rental history. If there is no rental history, application may be approved with an additional security deposit.

Employment: Proofof stable and verifiable current local employment must be provided. Annual income is taken into account as a portion of the approval process. Acceptable methods of income may include: pay-stubs; a letter from the employer on company letterhead; the most recent W-2 form; or, for self-employed Applicants, a copy of the most recent tax return or certified verification from hislher company accountant or bank. PLEASE SEE PROPERTY SPECIFIC STANDARDS REGARDING ACCEPTANCE OF UNDERGRADUATE STUDENTS.

Criminal Background: A Criminal background check will be conducted for each applicant Applications will be rejected if the following is discovered: Felony conviction OR any conviction, active parole, "adjudication withheld" or "deferred adjudication" resulting from charges related to: terrorism, drugs, prostitution, sex, animal cruelty, OR crimes held against persons or property.

InJernational Applicants with no Social Security Number: May be approved with verification of employment and income, a valid passport and a valid Work VISA or Student VISA. Additional deposit may be required.

GUARANTOR/CO-SIGNOR: In the absence of any of the above qualifications, with the exception of negative credit or rental history, a guarantor may be accepted. Guarantor must complete a rental application and must meet the Credit and Criminal Background requirements fully. Guarantor's gross monthly income must equal six (6) times the monthly rent. Guarantor's application must be run separately from the Applicant's application. All Applicants using a Guarantor must still abide by the Onesite Screening recommendation. Guarantor must execute the lease agreement, guarantor agreement and all other documents required by Management Guarantor will be fully responsible for the lease if the Resident(s) default.

RESERVAnON FEElADMINlSTRATIVE FEE: A non-refundable fee is required to reserve an apartment If management rejects the application, the Reservation Fee will be refunded in full. Reservation Fee will be refunded in full if applicant cancels application within 72 hours of notification of application approval. Otherwise, if the Applicant faiJs to occupy the apartment on the agreed upon date, except for delays caused by holding over of a prior Resident, Management will retain the fee.

SECURITY DEPOSIT: A Security Deposit may be required. The deposit is non-interest bearing and is for fulfillment of the Lease Agreement The Security Deposit, or any portion thereof, may be applied by Management to satisfY all or part of the Resident's obligations. Management may require payment for damages above and beyond those covered by Security Deposit, if such charges are warranted. If management rejects the application, Security Deposit will be refunded in full. Security Deposit will be refunded in full if Applicant cancels application within 72 hours of notification of application approval. Otherwise, if application is approved and Applicant fails to occupy the premises on the agreed upon date, except for delays caused by the holding over ofa prior resident, Management will retain deposit.

OCCUPANCY STANDARDS AND MULTIPLE RESIDENTS: Two (2) people per bedroom, unless local ordinances state otherwise. (Under this standard, newborns less than fifteen (15) months of age are not counted as a person.) Multiple ApplicantslResidents must qualifY individually for the apartment. Married couples must qualifY jointly for the apartment. Each is fully responsible for the entire rental payment, and each must execute the Lease Agreement and its supporting documents.

Rev.02/06

RENTAL APPLICATION

APARTMENT' lEASE TEAM

MARKET RATE ArnTALRATE

ROOMMATE MOVE IN DATE

SPECIALSICONCESSIONS CONSULTANT

APPLICANT INFORMATION (If applicant is accepted as a resident, this appfication is to become part of the rental agreement)

APPlJCAlfrSNAME LAST RRST Ill. BII!T1iDATE SSt ORIV.uc &STATE

SPOUSE"S NAME lAST ARST III BIATIfIlOl1O SSt DAlY. UC. &STATE

HOME PHONE NUMBER FAXNUJteER Cal. H1JMBER EMAI. ADDRESS

PRESENTADDRESS CIf'I.<XllWTY STATE npCQOE HOWLOHG? WOHTlt..Y RENT I UORTGAGE

LAM>lORO / MORTGAGE CO. NAME lAMllORD I MORTGAGE CO .AOOflESS Q~ SlmeI. ClTy. Z<>J ffiEPHONE NUM3EA

PAEVIOOSADORESS Cd at current adci'es:s <; 2yr.s..) CITY STATE ZiPCOOE HOWl.ONG1 MOfffiLY RENT I ..:>ATGAGE

t.ANJt..ORD f MORTGAGE CO. NAME LNflLORD/MOflTGAGE CO.IUlORESS(lrdo<lng ""'" ClIy. Z<» TELEPHONE ........

NAME OF PERSOHS OTHER ~APPl c.wn TO OCCUPY APT. RElATIONSHPmAPP!...£NfT OKrEOFBlATH SSt

EMPLOYMENT

PAESENTEMPlOYER PDSfT10N PtlONE NO. NO.OF YEARS SAlARY S PfA

EMPlOYER ADDRESS CIf'I STATE ZIP SUPEfMSOA

PR£VK)US EMPlOYER (liat curren'!~ ,, 6fT1Of11'!s) POSITlOf< ~EHO. NO. OF YEAflS SAlARY S PfA

SPOUSE'S EMPlDYEA POSIT1OH PtlONENO. NO. Of YEARS SAlAHY S PEA

SPOUSE"S EMPLOYER AOORESS CITY STATE ZIP SUPERV!SOR

PEA I_m.~" SOURCE r PEA HOWlO VERIFY

PERSONAL

OTHER SOURCES OF INCOME - Describe additional sources 01 income & how to verify

1­I OF lICENSED NON-REC. 'IB-I1ClES TO BE PARKED ON co.MJNITY: $PEON ANYMOTOACYCtES. BOATS, TRAIlERS. CAMPERS YOU HAVE

VEHIClES-TYPE (1) t..X:'ENSE PlATE NlNSER COLOR YEAR

(2)

EMERGlHCY CONTACT· Hemst matiw not IiYing ./you RB.ATION$HIP ADDRESS I'tlON£NO.

00 YOU HAVE AP£T1 OV" ONo "~.n.ntype?

HAVE VOO OR ANY OCCLPANTU$TED 00 llflSAPPUCATlON EVEA (CIAQE VE S M OR NO 1lII)

• Been evicted Of been asked to move Y N o BroI<en arental agrnemeot Y N o Dectared BankruplCY Y N • Been sued for rent Y N o Been sued for prcpeny damage Y N

• Been atTesled for afeb1y.misdemeanor, or sex-related criTle thai was resotved by c:orM::tioo, probation. deferred a~m, coort-oroered commlrity~, Of pretrial diYe1's6on" Y N

• Haveyoo ete! been anested and COOYicted d. 8ctWne Y N If yes. what moe?

HQWD() YOU HEARABOUTlFtiD OUT ABOUT OURCOfMM.INITY?

I hefoOy submil S as a ""f1IefuldabIe oppicalioo fee for apartmenI nurrber , plus $ as a nonrefundable adminisllative lee. In addlioo 10 lhese I.... IIl8fflIly _ $ _ as a ",,_ sectrIi1y deposit I undelstand I11e appIiaItiml.. is ~ at anytime. nm8ll8!j!!ment accopIS my appIioatiDn, ~ wr11 reserve the apartmenIlorn bolls. N~ IOjocIs my IIR*:aIion. tho rmirrisIlaIiwIleeam SO!<lriydeposils MI""""-~ lee an:l deposiI OiiiIbe!l!blded il lIflI'IicatI cancels _72~ 01 noIilication 01 BpPOIIIl 0Iherwis8, j 8(lIJIiarC fail; 10 ocarpy apai1ment on agreed upon dole eu:epl1or blUl.-01 prior -.management .. reIai1 allees an:l deposiIs.

I ~ .... ____......~ is Iruo. 1.me1Sland IhoIIhis Ajlpication" 5dJjecI0> ... 0I16anagemer1, and 1.-............... has Il10 ...._ aoo ~ di<cretion 10 _ j Jcan _!lis ~ I hereb'fCUlSe1'1lID __D. BeI~, 1ImJU9I1s~ agI!IIIs and"",*-, ID _ my O'lldl --.."0>_ my~ hislory, paymeot-'an:l_11isIo<JI,an:l 0>..ny II1e irxome _ ... Ihis~ '" atder 10_ "'J fIIIIIIiaIIiart

x

x-'.-"'"

x-""'_-s.- ­

--,,­

TO BE FILLED IN BY STEVEN D. BELL & COMPANY ASSOCIATE

Date Processed: Processed By:ONESITE RESULT

Manager Appfoval: DaleApproved:

GREEN LIGHT Nolify Applicant 01 pre· approval and continue with proof 01 income and resident rental history.

Give OneSite Result Letter to Applicant. Proceed with Resident History. If results are good, charge deposit 01 YELLOW LIGHT one (1) month's rent andlor secure sure deposit bond.

RED LIGHT Inform Applicant of denial. Mail Applicant the OneSife Denial Leiter.

D APPLICATION SIGNED BY ALL APPUCANTS

Manager'sApproval __________ ___ ___ _________

Guarantor / Co-Signer Must meet Credit and Criminal Background requirements. Gross monthly income must equal six (6) times monthly rent. Guarantor's application must be run separately from the Applicant's application.

Proof of Income

~ Currently Employed: Provide consecu1ive and most recent pay stubs for the last tour weeks

~ Self-EmployediUnemployediRetired: Provide documentation of sources of income, including assets, to be

considered. Prior year tax returns are recommended.

~ Assets: Monthly rent times the income requirement times 12 months must equal total assets

Criminal Baclcground A criminal background check will be conducted for each Applicant. The criminal search will be run for all addresses at which the Applicant(s) has resided over the previous 24 months. The application will be rejected tor any of the following reported Criminal related reasons that have occurred within the ten (10) years prior to the application date:

~ Felony conviction

~ Any terrorist related conviction

~ Any illegal drug related conviction

~ Any prostitution related conviction

~ Any sex related conviction

~ Any cruelty to animals related conviction

~ Misdemeanor conviction involving crime against persons or property

~ Any of the above related charges resulting in "Adjudication Withheld" andlor "Deferred Adjudication"

~ Active status on probation or parole resulting from any of the above

Resident History Verify all Applicants for the past 24 months. Up to four late or two NSFs (within a 24 month period) are allowed.

SOB.Q1(1il17)