Rocco

Statement of Rental and Occupancy Qualifying Criteria

Revised July 19^th, 2024

 

S2 Residential Communities adheres to The Fair Housing Act, Title VIII of the Civil Rights Act of 1968 (Fair Housing Act), as amended, prohibits discrimination in the sale, rental, and financing of dwellings, and in other housing-related transactions, based on Race (including ethnicity and protected hairstyle ), Religion, National Origin, Color, Familial Status (including children under the age of 18 living with parents or legal custodians, pregnant women, people securing custody of children under the age of 18, marital status and domestic partnership), Sex (including gender, sexual orientation, gender expression, gender identity, transgender status and), and Disability (including HIV/AIDS status and use of service animal), Age (including Student status), Military Status (including veteran status), Source of Income, Retaliation, Creed, or any other protected class recognized under applicable federal, state and/or local law. S2’s qualification standards include but are not limited to, the following, and will be required from every applicant.

 

To qualify for residency, the following standards are required from every applicant:

1. Valid Identification Required:

• A valid Social Security Number or Individual Taxpayer Identification Number (ITIN) and a valid, current State or Government-issued identification are required.  Temporary or ‘Paper’ Identification may not be considered ‘valid.’  Identification scanning technology will be used to validate all forms of identification presented.  Applicants without a Social Security Card must provide documentation from U.S. Immigration to verify legal residency in the United States (unless prohibited by applicable state or local law).  The lease term cannot exceed the expiration of a valid USCIS document as of the effective date of the lease contract. Applicants must complete the Additional Supplemental Rental Application for Non‐US Citizens.

 

1. Number of Occupants:

• Maximum number of occupants:

• One bedroom – three (3) persons and an infant up to twenty-four (24) months
• Two bedrooms – five (5) persons and an infant up to twenty-four (24) months
• Three bedrooms – seven (7) persons and an infant up to twenty-four (24) months

 

III. Criminal History:

• A criminal background report for each applicant is obtained through a third-party service company for approval recommendation. Criminal history which indicates that an applicant’s tenancy would constitute a direct threat to the health or safety of other individuals or whose tenancy could result in substantial physical damage to the property of the owner or others will result in rejection of the application.
• Applicants may be denied as outlined below:

1. For felony or misdemeanor offenses, no time limit preceding the date of the application for: murder, assault, sexual offenses (including sex offenders subject to a lifetime registration requirement), or other crimes against persons.
2. For felony offenses involving theft of property, damage to property, illegal manufacture or distribution of a controlled substance and weapons in the ten (10) year period from completion of sentence.
3. For misdemeanor offenses involving harm to person(s), theft of property, damage to property, and weapons in the seven (7) year period from completion of sentence.
4. Applicants who are currently subject to a registration requirement under a Sex Offender Registration Program will be denied.

• This Community has an appeals process by which applicants may provide within fourteen (14) days of the denial, verifiable evidence of circumstances to mitigate negative criminal activity and seek exceptions after individualized review and assessment.

 

1. Credit Scoring:

• Credit History will be verified by ResMan Qualifier which is powered by SafeRent/CoreLogic, a third-party verification service. Your SafeRent Solutions, LLC (SRS) rental score results from a mathematical analysis of information found in your consumer credit report, application, and current/previous rental history. The consumer credit report may include payment history, number and type of accounts, collection activity, outstanding debt, and inquiries.  In addition, the rental scoring process may consider information such as income-to-rent ratio, previous eviction, and subprime credit records.  Your rental score does not include or otherwise reflect any criminal records. The rental score represents an estimated risk level as compared to other applicants.  Rental scores, much like credit scores, represent a range of numbers.  The higher the number the lower the risk level, and conversely, the lower the number the higher the risk.  Rental scores are based on real data and statistics.  Income plus verified credit history will be entered into a scoring model to determine rental eligibility.

 

1. Income:

• The monthly gross income requirement is (2.5) two-and-a-half times the monthly rent All forms of income verification must be listed in U.S. currency with the applicant’s name. If income qualifications cannot be met, a qualified guarantor is acceptable.

• Income will be verified by one or more of the following:

• Employer or CPA, or Three (3) most recent paycheck stubs or Three (3) most recent bank statements, or Proof of government payments (e.g. welfare, disability, social security, Approved Unemployment Benefits, etc.), or Proof of retirement income or Pension fund payments/401K/investment fund accounts, or Court-ordered alimony or child support payments (proof of receipt of payment required), or Student Loan Income, or Self-Employed: Previous year’s Tax Return and Current Business License and most Three (3) most recent bank statements, or Additional documentation may be required at the discretion of management.

 

1. Rental History:

• Applicant must have twelve months of positive, verifiable rental history. Mortgage history, if it appears on the credit report, will be accepted.

 

VII. Pets and Animals:

• Your Pets and Animals are welcome in our Community! Our community allows a maximum of two pets per unit, and there is no weight limit requirement. We strive to help ensure mutual accountability and responsibility for the benefit of all. As such, ALL OUR APPLICANTS (with or without a household pet or animal) must understand and acknowledge our Pet and Animal-related policies. This will also include any applicant who does not own a pet or animal.  We require EVERYONE to complete a third-party screening and review process during the time of application and before you sign your lease renewal.  This quick and easy process ensures we have your Pet and Animal-related Policy Acknowledgments, pet/animal history, and records, and legal attestation of truthfulness and accuracy on file.
  • No Pets or Animals – This is a required application process for any applicant(s) that does NOT own a pet or animal. There is no cost ($) to non-pet owners for completing the application process. This process will run you through our lease requirements in the event you would like to add an animal to your lease.
  • Pets – This is a required application process for anyone that owns a household pet. This includes dogs, cats, and pets that live in cages such as birds, hamsters, rabbits, snakes, or fish tanks (because of the contained water).
  • Assistance Animals – This is a required review process for anyone with a non-obvious disability and disability-related need for an assistance animal. This process provides a HIPAA-compliant and secure way of submitting a reasonable accommodation request for an assistance animal (Service animals, emotional support animals, companion animals, etc.) that will be reviewed by a third-party legal review team to ensure the accommodation request meets HUD’s Fair Housing Act guidelines.  There is no cost ($0) to you to submit an accommodation request and upon approval of your Assistance Animal, there is no cost ($) to you for Pet Fee or Pet Rent.
  • The following household pets are prohibited due to their aggressive behavior/nature: Pit Bulls, American Pit Bull Terrier, Bull Terrier, Mastiff, Bull Mastiff, Akitas, American Staffordshire Terrier, Doberman Pinschers, Rottweiler, and any other breed generally considered aggressive or deemed aggressive by state or local officials.

 

VIII. Reasons for Denial:

• Our third-party screening company will deny applicants who have any of the following:

• Are unable to provide a valid government-issued photo ID, OR Do not provide required USCIS documents if they do not have a Social Security Card, OR Have a false Social Security Number and/or Fact Act Fraud Alerts, , OR Fail to provide proof of a valid Social Security Number or ITIN , OR Have a bankruptcy filing that has not been dismissed or discharged , OR Have outstanding unpaid rental collection debt , OR Have an unsatisfied monetary judgment currently pending against them , OR Have a felony, misdemeanor, and/or criminal conviction as outlined above.

• In addition to the above, your application will also be denied if any applicants have any of the following:

• Financial documents that are verified as not authentic, OR Falsification of the application, OR Bank returns of the application/admin fees or application deposit, including chargebacks, OR No verifiable or negative rental history, OR Insufficient or unverifiable income.
• If SafeRent recommends "decline" or "accept with conditions," you will be given the name, address, and telephone number of SafeRent and of the consumer reporting agencies that provided your consumer information to SafeRent, as well as other information required by law.

 

1. Exceptions for Approval / Lease Guarantee:

• In case of one of the following: first-time renter, inability to verify rental history, no established credit history, or approved with conditions by SafeRent, your application may qualify by having the lease guaranteed by:
• A guarantor, agreeing to pay the lease term in full in certified funds, or paying an additional security deposit equal to one month's rent in certified funds (security deposits are retained until move-out).
• Guarantors: Guarantors may be used for applicants with insufficient rental, credit or income. A guarantor must meet all qualifications like any applicant, have an income of at least five (5) times the monthly market rent verifiable using the documentation listed in section V above, and score in the “Accept” category for credit history. If approved, the standard deposit will be accepted. A guarantor will be fully responsible for all obligations of the Apartment Lease Contract and Addenda in the event the occupying resident(s) defaults.

 

1. Regulatory Agreements: Individuals applying for an apartment home with a property that has a specific regulatory agreement will be required to meet additional guidelines or may be exempt from certain requirements above.

 

Please review these policies carefully before submitting an application for residency. We will not refuse to accept your application; however, if you do not meet our rental qualifications as stated in this document, your application/administrative fee will not be refunded. By signing below, I/we have read and understand the Statement of Rental and Occupancy Qualifying Criteria above. I/we agree to all terms and conditions stated above.