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STATEMENT OF RENTAL AND OCCUPANCY QUALIFYING CRITERIA

Revised March 29th. 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.

 

A completed rental application consists of an application submitted by each applicant 18 years of age or older, who will be occupying the rental apartment. All occupants 18 years of age or older must qualify as per the rental requirements, except for income for students living at home. The following must be paid when you apply: A NON-REFUNDABLE Application Fee (must be paid for each applicant 18 years of age or older) and A Administrative Fee must be paid when applying.  Upon approval of the application of residency, the Administrative Fees is Non-Refundable regardless of the circumstances.

 

  1. Valid Identification Required:

A valid Social Security Number or Individual Taxpayer Identification Number (ITIN)and a Valid and current State or Government-issued  Identification Number are required to submit a rental application. 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 Unless prohibited by applicable state or local law, applicants without a Social Security Card must be able to provide documentation from U.S. Immigration to verify legal residency in the United States. 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:

 

 

Qualifying Standards

 

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 amount. 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:

 

  1. Rental History:

Applicant must have twelve (12) months of positive, verifiable rental history. Mortgage history, if it appears on the credit report, will be accepted.

 

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.

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

 

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

 

  1. Exceptions for Approval / Lease Guarantee: In case of one of the following (1) First-time Renter or we are unable to verify Rental History, No Established Credit History, and/or Approved with Conditions by Safe Rent, your application may qualify by having the Lease Guaranteed by: (1) a Guarantor, (2) agreeing to pay the Lease Term in Full in certified funds, or (3) Paying ad additional security deposit equal to 1 Month’s Rent (security deposits are retained until move-out).

 

  1. 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.

 

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.

 

 

Application Agreement & Fee Policy - Revised March 29th. 2024

 

The following Application Agreement will be signed by you and all co-applicants before signing a Lease. To continue with this Application, you’ll need to review the Application Agreement carefully and acknowledge that you accept the terms.

 

Application Fee (Non-Refundable) à A one-time non-refundable application fee of $50 is required per person, 18 years of age and older.

 

Administrative Fee (May be Non-Refundable) à A one-time non-refundable Administrative Fee per apartment in the amount of $50.00.

 

Security Deposit (Non-Refundable) à Within 72 hours of approval of your rental application, you agree to pay to our representative a Security Deposit in the amount of $250.  In the event the Security Deposit is not paid within 72 hours of approval, your rental application will be deemed withdrawn, and the parties will terminate all further obligations to each other. 

 

  1. Application Submission. Submission of an Application does not guarantee approval or acceptance. It does not bind us to accept the applicant or to sign a Lease. Images on our website may represent a sample of a unit and may not reflect specific details of any unit. For information not found on our website regarding unit availability, unit characteristics, pricing, or other questions, please call or visit our office.
  2. Incomplete or False Information. If you fail to answer any question on the application, fail to provide proper proof of income within 24 hours after submitting your application or give false information on the Rental Application, we’ll be entitled to retain all fees paid (including but not limited to the application fee, etc.) as liquidated damages, and the parties will then have no further obligation to each other.
  3. If you withdraw your Application. If you or any co-applicant withdraws an Application (which includes failing to provide proof of income) or notifies us that you’ve changed your mind about renting the dwelling unit, we’ll be entitled to retain all fees paid (including but not limited to the application fee, etc.) as liquidated damages, and the parties will then have no further obligation to each other. Once the rental application is deemed withdrawn, you must re-apply with a new rental application.
  4. Refund after Non-approval. If you or any co-applicant is disapproved or deemed disapproved, we’ll refund all security deposit within 30 days of such disapproval. Refund checks may be made payable to all co-applicants and mailed to one applicant.
  5. Non-sufficient funds (NSF) and dishonored payments (including Chargebacks): If a payment from an applicant is returned by a bank or other entity for any reason, or if any credit card or debit card payment from the applicant to us is rejected, or if we are unable, through no fault of own or our bank, to successfully process any ACH debit, credit card, debit card transaction, then:
    1. Applicant shall pay a charge of $50.00 for each returned payment; and
    2. We reserve the right to: reject the Application, retain all application fees as liquidated damages for our time and expense, and terminate your right of occupancy, and Refer the matter to a Collections Company, and Refer to the matter for criminal prosecution.
  6. Notice to or from Co-applicants. Any notice we give you or your co-applicant is considered notice to all co-applicants, and any notice from you or your co-applicant is considered notice from all co-applicants.

 

Authorization & Acknowledgements: