Rental Application Criteria
Resident Selection Criteria and Rental Policies
The rental application needs to be filled out completely and accurately. Incomplete applications will not be processed. Any misstatement or omissions made on an application, whether discovered or not discovered before moving into a building, is a ground for denial of an application or termination of an existing tenancy. Information must also be verifiable. If information given on an application cannot be checked out and verified, this is also valid basis for rejection. Application fees and security deposit are to be two separate cahier checks or maybe electronically paid. One application shall be filled out for each adult applicant. Prospective residents must satisfy the following criteria:
Application Process
We will decide about your application, at the latest, on the sixth business day after you apply. If an application is still pending on the sixth business day because we are waiting for information from the Applicant, the application will be denied. This process may take up to 14 business days but is unlikely. If any information the Applicant provides on the application is found to be false, the application may be denied.
Credit Score
We do not require a minimum credit score, but a score above 600 requires no detailed evaluation. A credit score below 600 requires past due and collection debt to total less than one month of rent. Medical and student loan debt will be ignored. High past due or collection debt may be overcome with a cosigner, fully subsidized (100%) rent, or income of four (4) times rent if the debt is not owed to a prior landlord. A lack of credit is not grounds for denial.
Public Record Search
A public record search through the Minnesota Judicial Branch website may be performed utilizing Applicant’s first/last name and date of birth to access any criminal or judgment records. Any convicted crimes that appear on this document may be used as a determining factor in your acceptance or denial. For additional information, please see criminal history criteria in the next section.
Criminal History
We will check the Applicant’s criminal record. Any conviction for the illegal manufacture or distribution of a controlled substance as defined in section 102 of the Controlled Substances Act (21 U.S.C. 802), or crimes that mandate denial of tenancy in federally assisted housing such as being subject to a lifetime sex offender registration requirement will result in a denial.
Any pending felony charge or felony conviction sentenced within the last seven (7) years will result in a denial. A felony conviction within the last ten (10) years will result in a denial for the following charges: first-degree murder, second-degree murder, third-degree murder, first-degree manslaughter, kidnapping, first-degree criminal sexual conduct, first-degree assault, first-degree arson, and first-degree aggravated robbery.
Any felony conviction prior to the above lookback periods that resulted in a prison term that ended within the last five (5) years is also grounds for denial, but will be considered with an individualized assessment and any supplemental information received at the time of application that shows an Applicant’s situation has stabilized or changed since being incarcerated.
Any misdemeanor or gross misdemeanor offense sentenced within the last three (3) years will result in a denial. Petty misdemeanors are not considered. A gross misdemeanor sentence in the last five (5) years resulting in time served of six (6) months or more will be grounds for denial, but we will consider supplemental information if received at the time of application.
Income Verification
Our income requirement is three (3) times rent per month in gross income. We will consider rental references and supplemental information if received at the time of application that show an Applicant can pay rent at no less than two-and-a-half (2.5) times rent in income. With supplemental information, this requirement may be reduced further to two (2) times rent per month if the Applicant’s income is fixed with no taxes deducted (i.e. SSI). If a cosigner is needed to approve an Applicant, the cosigner and the Applicant must combine to make six (6) times the rent per month in gross income. If the Applicant is having part of their rent paid by a subsidy organization, the Applicant must make three (3) times their portion of rent per month. If the applicant is in the process of finding a job, we require savings equal to nine (9) times the rent to approve them on their own.
The Applicant’s employer will be contacted directly to verify income. If they are unable to verify income for any reason, the Applicant must provide proof of sufficient income. All proof of income must have the Applicant’s name on it. The following are acceptable sources of proof:
· Paystubs · Bank statements showing regular deposits and/or account balances · A letter, on company letterhead, from a manager or supervisor stating annual salary or wages per hour and hours per week · An offer letter for a new position, on company letterhead, stating annual salary or wages per hour and hours per week · Last year’s tax statements · A letter from the government stating how much the Applicant’s SSI, GA, SNAP or other award is per month · A letter or statement confirming a student loan award with documentation of the portion needed for tuition
We will consider the Applicant’s rental history. We will check for eviction actions filed against the Applicant within the last three years. Any action during this time resulting in a judgement or writ will be grounds for denial. Settled evictions will be denied within the last year, unless accompanied by a positive reference from the filing landlord. We will also attempt to obtain a rental reference from a previous property management company. Negative rental history at any time in the Applicant’s past may result in a denial. You will need to provide a rental reference which confirms a minimum of 1 year or more of valid, verifiable rental history from a third-party landlord. If your rental history includes: late payments, eviction(s), excessive lease violations, excessive property damage, unauthorized tenants/pets, pest infestations due to tenant negligence, improper notice to vacate, three or more late notices within a 12 month period, noise or nuisance violations, two or more NSF charges, or outstanding balance owed, you will not be approved for a lease. We will accept supplemental information at the time of application.
General Information
Applicants must be 18 years of age or older to apply. All occupants over 18 years of age will be leaseholders and must pass our background check. We will make a copy of your government-issued ID to keep on file.
We have occupancy limits. All occupants count towards the occupancy limit. We allow:
Studio or One bedroom: 2 people - Two bedroom: 3 people * Bedroom sizes may adjust these occupancy limits
Fair Housing Statement
As a fair housing provider, we do not discriminate against persons on the basis of race, color, religion, national origin, sex, familial status, disability, creed, marital status, receipt of public assistance, sexual orientation, and any other protected class protected by applicable fair housing law.
Business Relationship
The relationship between Management and our residents is a business relationship. A courteous and businesslike attitude is required from both parties. We reserve the right to refuse rental to anyone who is verbally abusive, uses profanity, is disrespectful, makes threats, is under the influence of alcohol or illegal drugs, is argumentative, or in general displays an attitude at the time of the showing or application process that causes Management to believe we would not have a positive business relationship.
Megan’s Law Notice
Community information on Registered Sex Offenders. The Minnesota Commissioner of Corrections maintains disclosure information at: http://www.doc.state.mn.us/level3/level3.asp