BlockApp - RENTAL CRITERIA RENTAL CRITERIA Please note that...

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Unformatted text preview: RENTAL CRITERIA RENTAL CRITERIA Please note that this is our current rental criteria and nothing in these requirements shall constitute a guarantee or representation by our community that all residents and occupants currently residing in our community have met these requirements, there may be residents and occupants that have resided here prior to these requirements going into effect, additionally, our ability to verify whether these requirements are met is limited to the information we received from various applicant reporting services. QUALIFICATIONS: 1. Rental History Applicant must have a minimum of six (6) months, preferably one (1) year, satisfactory rental history or mortgage verification. If a first time renter, we may require an additional deposit equivalent to one (1) monthly installment. Evictions or poor rental history are automatic rejections. 2. Income Applicant's income must be verified at three (3) times the monthly installment. Each additional applicant must each have income of 50% of three times one (1) monthly installment. 3. Employment Applicant must have a minimum of one (1) year employment history in the same field of work. Applicant must be currently employed. Recently graduated college students may qualify if a job is secured. 4. Credit History All credit history must be satisfactory with no past due balances, collections within the last four (4) years, bankruptcy or judgments within the last seven (7) years. Bankruptcy automatically requires one (1) installment as an additional deposit. Applicants with no credit history may be required to pay an additional fee of one (1) installment. 5. Criminal History – If you have been arrested, convicted or received deferred adjudication for any of the following, your application will automatically be denied: a felony of any kind, any weapons charge, burglary, sex crime, assault or criminal trespassing. Please remember that this requirement does not constitute a guarantee or representation that residents or occupants currently residing in our community have not been convicted of a felony or deferred adjudication for a felony or some misdemeanors. 6. Cosigner (Guarantor) Can be used in lieu of the above categories: Rental, Income, Employment and/or Credit History. They must complete a Guarantor Agreement and meet all rental criteria and will be held legally responsible for the lease and all addendums. The cosigner must also make three (3) times the amount of one (1) installment. CRITERIA: 1. Occupancy Recommendations 2 occupants per bedroom in a Conventional Lease Agreement. A family may occupy an apartment if the family does not exceed two persons per bedroom plus a child who is less than twenty four (24) months old and sleeps in the same bedroom with the child's parent, guardian, legal custodian, or a person applying for that status. Residents who have a child less than twenty four (24) months old at the time of the rental application or lease renewal and whose child has reached twenty four months of age during the lease term will be required to transfer to another apartment at the end of the lease term. For the purpose of this occupancy policy a "family" shall consist of the following : one or more individuals (who have not attained the age of 18 years) being domiciled with: (1) a parent or other person having legal custody of such individual or individuals; or (2) the designee of such parent or other parent having such custody, with the written permission of such parent or other person. The term "family" shall also apply to any person who is pregnant or is in the process of securing legal custody of any individual who has not attained the age of 18. 2. By The Bed Leasing versus Conventional Leasing – A Conventional Lease Agreement lists all occupants as lease signers for the entire apartment therefore making all occupants responsible for the entire contract. An Individual, By The Bed Lease Agreement adjusts the contract to reflect one lease signer per bedroom where that lease signer is only responsible for their portion as indicated on their individualized lease contract. A By The Bed lease signer shares responsibility of the common living area and the utilities with the other apartment dwellers. By The Bed leases allow 1 (one) person per bedroom without exception. In addition, a By The Bed lease signer understands they can be roommate matched without notice or permission. The Block reserves the right to limit the number of By The Bed leases available. A $25.00 recurring fee will be incurred for the By The Bed leasing option. This fee is subject to change at any time. A Conventional Lease Agreement must be in place for 2 (two) residents to share 1 (one) bedspace. All residents in one unit must be under the same lease option either all on a By The Bed Lease or all on a Conventional Lease. All bed spaces must be legally occupied or pre leased in order to renew or be assigned to a particular unit unless a written exception is provided by Management. 3. Pet Policy Only two (2) pets max per apartment. A $500 pet deposit is required for 1 pet with ½ of the $500 deposit refundable. An $800 pet deposit is required for 2 pets with ½ of the $800 deposit refundable. Animals used as disability assistance are not considered as pets under this policy. No exotic pets or restricted breeds as defined by the American Kennel Association can be allowed. All city ordinances apply. 4. Application Fee, Administrative Fee, Deposit, and Transfers – A $250 non refundable fee is required per bedspace. A $50 non refundable application fee is required to process additional applicants for the same bedspace. This fee covers the application fee and administration fee and is not refundable under any circumstance. All applicants must complete a separate rental application. If an applicant chooses to transfer to another apartment or location after original application, applicant will be required to pay a transfer fee as outlined in the Lease Agreement. Failure to submit all requred documents before the deadline outlined on the Lease Agreement will result in a forfeit of all specials and concessions. 5. Installment Program – This lease is not a per diem lease agreement. There is a lump sum to occupy the space in the date parameters outlined in the Lease Agreement. As a courtesy, the Lease Signer has the option to divide the lump sum contract amount into equal installments. The first monthly installment is due on or before the Starting Date of Lease Term. The next installment is due and payable on st the 1 of the following month. EQUAL HOUSING OPPORTUNITY We do business in accordance with the Federal Fair Housing Law (Title VIII of the Civil Rights Act of 1968, as Amended by the Fair Housing Community Development Act of 1974). IT IS ILLEGAL TO DISCRIMINATE AGAINST ANY PERSON BECAUSE OF RACE, COLOR, RELIGION, SEX, NATIONAL ORIGIN, HANDICAP OR FAMILIAL STATUS. “I hereby authorize CWS 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 is 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. I hereby expressly release CWS, and any procurer or furnisher of such information, and understand that my application informaton may be provided to various local, state and/or federal government agencies, including without limitation, various law enforcement agencies.” I, the undersigned, have read and understand the rental application criteria. Applicant Signature: ______________________________________________________________ Date: __________/__________/__________ Accepted By:_____________________________________________________________________ Date: __________/__________/__________ Revised 9/24/2010 RENTAL APPLICATION ‡ New Lease ‡ Renewal Non refundable App fee $ __________ Block ‡ Sub lease Paid on __________ APPLICANT DATA Name: __________________________________________________ Cell Phone: ( (First) (Middle) )____________________ (Last) Current Local Address: __________________________________________________________________________ (Street) (City) (State) (Zip) Permanent Address: ____________________________________________________________________________ (Street) (City) Email Address: _____________________________________________ (State) (Zip) Date of Birth: ______/_______/_______ ‡ Single ‡ Married Are you a U.S. citizen? ‡ Yes ‡ No Social Security Number: ______ ______ ______ ‡ Male ‡ Female Driver License Number: ___________________________ State of Issue: ____________ If you are a student, what is your year in School? ‡ Freshman ‡ Sophomore ‡ Junior ‡ Senior ‡ Graduate Have you ever been evicted from any residence? ‡ Yes ‡ No Reason: ___________________________ Have you ever been convicted of a felony? ‡ Yes ‡ No Reason: ___________________________ LEASE GUARANTOR In the event you are qualifying on your own, please fill out the following as emergency contact information. Contact information available to all roommates and respective Guarantors upon request. Name (Lease Guarantor): ________________________________________________________________________ Relationship (to you): ______________________ Email Address: ________________________________________ Address: _____________________________________________________________________________________ Home Telephone: ( )_____________________ Cell Phone: ( )________________________ In the event of serious illness, death, or circumstances that would make you unavailable, is this person allowed access to remove your property from your unit or the common areas? ‡ Yes ‡ No PARKING / VEHICLE INFORMATION Do you need parking? ‡ Yes ‡ No Which type of parking do you prefer? ‡ Standard ‡ Tandem Tandem spaces fit 2 vehicles, single file and are only available at 23rd, Rio Grande, 25th East, and 25th West. HOUSING SELECTION ‡ Efficiency ‡ 1 bedroom ‡ 2 bedroom ‡ 3 bedroom ‡ 4 bedroom ‡ 5 bedroom Texas How did you hear about The Block on Campus? _______________________________________________________ Were you escorted by a locator on your 1st visit? ‡ Yes ‡ No If yes, who or what agency? ________________ Which Lease type do you prefer? ‡ Conventional ‡ By the bed Preferred Move In Date: ____/_____/______ LOCATION & ROOMMATE PREFERENCES ‡ 28th ‡ Leon ‡ Pearl North ‡ Pearl ‡ 23rd ‡ Rio Grande ‡ 25th East ‡ 25th West Please specify your apartment # and/or floor plan preference: __________________________________________ If you have already chosen your roommates, please indicate their name(s) below. All roommate choices must be mutual in order to be placed together. 1) ________________________________ 3) _________________________________ 2) ________________________________ 4) _________________________________ If you fail to answer any question, or if you have given false information: (1) we are entitled to reject this application; (2) we will retain all processing fees and/or deposits as liquidated damages for time spent and expenses; (3) we will terminate any right to lease the bedroom; and (4) if you have signed a lease elsewhere, it will be a violation of the lease. A lease must be signed at the time this application is accepted in order to be assigned a waitlist unit or permanent apartment. By my signature I attest that the information contained herein is correct. CWS is authorized to verify my credit history and criminal history and all other submitted information for the purpose of evaluating this lease application. Applicant Signature: ____________________________________________ Date: ________ /________ /________ Accepted By:____________________________________________________ EIC: ________ /________ /________ Revised 9/20/2010 ...
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