EPOCH MANAGEMENT, INC.

RENTAL APPLICATION

APPROVAL CRITERIA

 

We are working with our community to maintain quality in the neighborhood.  Therefore, we have a very thorough screening process.  If you meet the application standards and are accepted, you will have the peace of mind of knowing that other residents are being screened with equal care.  Please review the following list of criteria.  If you feel you meet these standards, please apply.

 

Equal Housing:  This community does not discriminate on the basis of race, age, color, sex, religion, handicap, familial status, sexual orientation or national origin.

 

Identification:  All visitors must present a current photo ID issued by a state or government authority (i.e. State Issued Driver’s License, State Issued Photo Identification Card, current Passport, current United States Military ID card, or VISA issued by US Immigration and Naturalization Services)  A copy of all applicants photo IDs will be made and retained at time of lease signing.

 

Occupancy:    Roommates: 2 persons per bedroom only.  Familial Status: Familial Status protects children under the age of 18 and the family with children under the age of 18.  A maximum of two persons per bedroom plus one (1) additional person (child under the age of 18) per apartment home.  (example: 1/1 = 3 persons; 2/2 = 5 persons; 3/2 = 7 persons; 4/2 = 9 persons)

Application for Residency:  An Application for Residency must be completed and maintained for each applicant 18 years or older who will be living in the apartment and/or contributing to the payment of rent.

 

Qualifying Standards

 

Rental History:  Up to 24 months of rental history may be verified on present and previous residence.  A positive record of prompt monthly payment, sufficient notice, with no damages is expected.  Eviction, Skip, or Money Left Owing to a Landlord within three (3) years of application date or falsification of this application may result in an automatic rejection. 

 

Credit History: An unsatisfactory credit report can disqualify an applicant from renting an apartment home at this community.  An unsatisfactory credit report is one which reflects past or current bad debts, late payments or unpaid bills, liens, judgments or bankruptcies.  Persons with no credit history may be conditionally accepted with a higher deposit.

Income:  Applicants must have a verifiable income source.  Acceptable forms may be any one of the following (a.)Income statements (i.e. pay stubs) one recent pay stub which indicates a year to date gross income or a bank statement showing recurring pay deposits for 12 months. (b.)  Previous year tax return, only acceptable if with the same employer (c.)  Job opportunity letter on company letterhead.  (d.) Call and Verify or Online Verification (e.) In the event of self employment, applicant(s) must provide proof of income via the last year’s tax return or an accountant’s certification of income. (f.) Retired (must provide documentation of ability to pay rent).  (g.) Students must provide proof of financial aide or attain an approved Lease Guarantor.

**Please note – a combination of any of the above acceptable proofs of income may be required to accurately verify income and will be at the request of the manager.  

 

Lease Guarantors:  This community MAY OR MAY NOT permit guarantors.  Please contact the leasing professional for this communities’ policy.  A Lease Guarantor and/or Additional Security Deposit may be required upon evaluation of rental application(s).  Lease guarantors must reside in the USA.  Guarantor must qualify based not only on the proposed rent amount for the applicant’s apartment, but the combination of the proposed rent plus their own housing obligation.

 

Non US or US Citizens without a SSN or ITIN:  Applicants must provide a valid Passport and must include at least one (1) appropriate U.S. Citizenship and Immigration Services (USCIS) document, as specified below.

 

U.S. Citizenship and Immigration Services (USCIS) documents (must be a valid unexpired document) as follows:    Certificate of Naturalization, Certificate of Citizenship, I-551 Stamp contained in valid foreign passport, I-94 card contained in valid foreign passport, Alien Registration Receipt card (Resident Alien Card), Temporary Resident card, Employment Authorization card, Refugee Travel document, Foreign students with an F1 Visa status must show USCIS document I-20 and verification of current enrollment in a US school. Applicants must pay one (1) month’s additional deposit equivalent to one (1) month’s “market” rent.  Applicants must also provide proof of verifiable income.

 

Criminal Background CheckA criminal background check will be run on all Applicants.  An applicant may be automatically denied in the event the applicant(s) have ever been convicted of a felony or misdemeanor for a crime against a person, another person’s property or against society. The applicant(s) may also be declined if they have received adjudication or has been charged with a felony or misdemeanor offense(s) within the past seven (7) years for a crime against a person, another person’s property or against society.  An automatic denial will also occur should an applicant appear on the list of known terrorists and wanted fugitives as provided by the Office of Foreign asset Control (OFAC), federal agencies to include the FBI or other state and local law enforcement agencies. 

 

 

The applicant agrees that the lease shall be terminated in the event the applicant, after moving onto the property, is convicted of a felony or misdemeanor for a crime against a person, another person’s property or against society, and/or appears on the list of known terrorists and wanted fugitives.   

Note: This requirement does not constitute a guarantee or representation that residents or occupants residing at this apartment community have not been convicted of a felony or are not subject to deferred adjudication for a felony.

 

Notification:  If an application is declined, the applicant will be given an adverse action letter with additional information regarding how to obtain credit reports used to determine eligibility for occupancy.  Management cannot be held responsible for inaccuracies contained in any information obtained, and is not allowed to provide details to the applicant regarding said information.

 

Construction Acknowledgement:

By signing this agreement, applicant(s) understand that construction could delay my/our move-in date due to circumstances beyond the control of this Epoch Management Community.  This Epoch Management Community will strive to provide as much notice as possible in the event of a construction delay and will not be liable in any way for any damages, or inconvenience that the above named residents may incur for any delay in the above named resident’s scheduled move-in date and/or of property amenities due to construction delay.

 

Screening and Payment Terms and Conditions:

I hereby authorize an Epoch Management Community to obtain a consumer report, and any other information it deems necessary, for the purpose of evaluating my application.  I understand that such information may include, but it not limited to, credit history, civil and criminal information, records of arrest, rental history, employment/salary details, vehicle records, licensing records, and/or any other necessary information, from any liability what-s—ever in the use, procurement, or furnishing of such information and understand that my application information may be provided to various local, state and/or federal government agencies, including without limitation, various law enforcement agencies.

 

Applicant paid an application fee, an administrative fee, and an apartment deposit in consideration for the Owner’s taking the dwelling unit off the market while considering approval of this application.  The application fee is a non-refundable fee for costs and expenses for checking applicant’s consumer report by all and any means.  The administrative fee is non-refundable and will be applied upon lease execution.  The apartment deposit will be applied toward the required apartment deposit.  If this application is not approved, this remainder of the apartment deposit and administrative fee will be refunded in full to applicant; provided however, should applicant fail through no fault of the owners to complete this lease agreement when tendered, the lower of the apartment deposit or a proration of rental amount equal to the time this apartment was held will be charged as liquidated damage from the date application is signed and apartment is taken off the market.  If lease is entered into and possession of the apartment is taken, the apartment deposit shall be applied toward the security deposit.  Applicant understands that any refund (if applicable) will be made within 30 days to allow for processing and clearing of checks.  Apartment deposit monies are deposited within three (3) business days of receipt or at time of approval, which may be the same day as receipt of deposit.  Payments returned as a lack of funds, lack of credit, lack of account, where the maker or drawer stops payment, or any other reason will result in a fee up to the amount enforceable by law.

*Payments made by credit card will include a 2.50% convenience fee which is non-refundable.

 

 

 

 

Applicant Signature

 

Management Representative Signature

 

 

 

Date:__________________________