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19H - INCLUSIONARY AGMT 1901 E FIRST ST
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19H - INCLUSIONARY AGMT 1901 E FIRST ST
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11/13/2014 6:36:09 PM
Creation date
11/13/2014 3:30:47 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
19H
Date
11/18/2014
Destruction Year
2019
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evaluated based on the combined credit history of all applicants that applied together for that unit. <br />ME <br />Credit Requirements (continued) <br />• In the event that sufficient verification of credit information cannot be produced from the <br />identification documentation provided by applicant(s), or if applicant(s) has limited credit history with <br />predominantly negative account status, applicant(s) may pay an additional security deposit equal to one <br />month's rent. <br />• No credit is consideredas meeting the credit requirements, however, applicant(s) must meet all other qualifying <br />criteria listed including the current income criteria, (as noted in item2) and provide averifiable Rental /Payment <br />History (as noted in item 3). <br />6. Pets — Some communities and /or buildings may not allow pets. An additional security deposit will be required for <br />authorized pets to be maintained on the premises. Breed restrictions do apply. Please consult management for <br />details. <br />Applicant(s) will Automatically be Denied for the Following Reasons: <br />• Applicant has an eviction from another residency within the last seven (7) years. <br />• Applicant has falsified information on the Rental Application. <br />• Applicant has filed a bankruptcy petition that has not yet been discharged. <br />• Applicant has a criminal history that does not meet the criteria noted in Section 8 below. <br />• Applicant has provided an application that does not meet managements standard for completion. <br />Applicant has unresolved debts from another apartment community, landlord or mortgage holder (except when <br />incurred in connection with a foreclosure, or the debt is paid prior to approval of rental application- Verification of <br />payment is required). <br />Applicant(s) will automatically be denied for the following reasons unless an additional applicant that <br />meets the Rental Criteria and all other applicable Criteria accompanies their application for Lease: <br />• Applicant has a credit score that does not meet credit requirements. <br />• Applicant has three (3) or more late payments or returned checks in a 12 month period (except when incurred <br />in connection with a foreclosure).. <br />• Applicant has not provided proof of verifiable income. <br />8. Criminal History -All occupants over 18 must have a clear criminal history according to our requirements. The <br />history must reflect; a) no felony convictions; b) no convictions of the manufacture or distribution of controlled <br />substances; c) no pending indictment or deferred or withheld adjudication for a felony; d) no conviction or pending <br />indictment or deferred or withheld adjudication for a misdemeanor crime against a person or property. <br />In order to be approved for rental, Applicant must complete all forms and provide all documentation requests without <br />amending or deleting any information from the provided documents and forms. Applicant may not choose to apply any of <br />the additional security deposit options in place of providing the requested information and /or documents lithe Applicanttruly <br />has this information. M ore specifically, Applicant will be considered to have falsified information if Applicant states that they <br />do not have information such as, but not limited to, Social Security number, copy of Government ID and historical financial <br />and /or rental history when Applicant truly does have knowledge of such information. <br />To ensure prompt processing of your application, the above items must be presented within 48 hours of reserving <br />your apartment. If the information is not forwarded to our attention within this time frame, we may return the <br />apartment to the open market and your Holding Deposit may be retained by management and become non- <br />refundable for the pro -rated amount of daily market rent for the time thatthe apartment is withheld from the market. <br />My signature below confirms that I have read the above and understand the criteria from which this application will <br />Resident Cnteda No Co Sig, CR CA <br />(443) .....�. <br />2 oft <br />19H -47 <br />
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