TERRACE VILLA APARTMENTS

TERRACE VILLA APARTMENTS
CONTACT US:

Phone: 870.862.1345

Fax: 870.881.9690

Email: Terrace.villa1@gmail.com

Website: https://terracevilla1.wixsite.com/website

Facebook: @TerraceVillaApartmentsEldorado
Rental Rates:

NO CASH/CHECK OR MONEY ORDERS ONLY
One Bedroom: $650.00

Two Bedroom: $750.00

Three Bedroom: $850.00

Application Fee: $35.00

For all individuals 18 years or older going into unit

Deposit: $500.00

($250.00 Refundable/ $250.00 Nonrefundable)

Pet Fee: $500.00

(Nonrefundable)

STATEMENT OF RENTAL POLICY
EQUAL HOUSING OPPORTUNITY:

Terrace Villa Apartments follow a policy of fair and equal treatment to all persons regardless of race, color, religion, national origin, and familial status, or handicap and in compliance with all Federal, State and Local Laws. We also have a responsibility to ensure the protection of our property, the resident's right to a peaceful occupancy and the owners' financial interest. With this in mind, the following rental policy has been established.

AVAILABILITY:

Applications for apartment homes at Terrace Villa Apartments are subject to the availability of the apartment style and location requested. Under no circumstances is an apartment ever reserved without the security deposit paid to the management of Terrace Villa Apartments.

RENTAL APPLICATIONS:

Rental applications are to be completed by each applicant. In the case of married couples, one application is required along with the applicable processing fees. For roommates or two non-married adults, each adult occupant must complete an application and pay the application fee. An application must be provided for all adults occupying the apartment before it can be considered by management. Management at Terrace Villa Apartments will rely on the information outlined on the application and if any information proves to be untrue, the application or subsequent lease may be cancelled and the scurity deposit forefeited.

APPLICATION FEE:

A non-refundable administrative processing fee will be charged before an application is processed. This amount is non-refundable regardless of the outcome of the application or the reason for that outcome.

QUALIFICATION STANDARDS:
CREDIT CHECK:

A credit report may be required on each individual over the age of 18. The results of the credit report will be evaluated. Un-satisfactory credit can and will disqualify applicants from renting an apartment. At Terrace Villa Apartments, management defines an unsatisfactory credit report as one, which reflects a history of bad debts, unpaid bills, any legal judgments or recent bankruptcy. Recent bankruptcy is defined as being filed with in the last two years. If positive credit has been established after the two-year period of proof considered. If an application is denied due to poor credit, applicant will be notified and provided with the name, address and phone number or the credit bureau to obtain a copy of their report.

CRIMINAL BACKGROUND CHECK:

A Criminal Background Check reporting the conviction of specific crimes will result in denial of the application. Specific crimes such as: Violent Crimes, which include any convictions with the use of firearms or other weapons. Crimes of a sexual nature including but not limited to child molestation. Crimes against property or person, such as theft and arson. Convictions of dug manufacturing, sales or distribution.

HOUSEHOLD INCOME:

The total gross monthly income should meet or exceed three times the monthly rent. Allowances for other income such as alimony, child support, etc. will require written verification. Attach check stubs to application.

RESIDENCE:

Positive rental history is required for any applicant to be accepted. If the applicant does not posses any rental history, a deposit equivalent to one months rent or a guarantor could be accepted. All previous rental or mortgage verifications should reflect an account that was paid as agreed, shows no disruptive conduct, no damage to the property, no balance due or failure to comply with stated lease requirements.

GUARANTOR QUALIFICATIONS:

may be accepted in certain circumstances where there is a first-time lessee who does not have rental history or established credit. Guarantors may also be used in cases of persons with limited income, who would otherwise not qualify under or present selection criteria. At no time will a guarantor be used to cover negative credit. The guarantor must have sufficient income that exceeds or equals to their monthly mortgage plus four times the monthly rent. The guarantor must have a positive credit score. The guarantor is required to be present to sign the lease agreement. Guarantor responsibilities include paying of rent, and payment for damages should the resident default in areas of the lease agreement. Guarantor is bound by all statutes of the lease agreement and agrees to comply with all aspects of the lease.

SECURITY DEPOSIT:

A full security deposit must be made in order to reserve a specific apartment. Applicant may withdraw application within 48 hours and all monies will be refunded except for the application fee. If applicant fails to execute a rental agreement or refuses to occupy premises on agreed upon date, all monies given shall be retained by Terrace Villa Apartments as liquidated charges. If applicant is not approved, all monies given, less application fee shall be returned.
OCCUPANCY RESTRICTIONS:

No more than two occupants per bedroom in each floor plan are allowed.

1 Bedroom: no more than two occupants

2 Bedrooms: no more than four occupants

3 Bedrooms: no more than six occupants

ROOMMATES:

Each roommate must possess adequate credit and rental history and is fully responsible for the entire rental payment. Each roommate must execute the lease and all applicable forms.

PETS:

No animals or birds of any description are allowed without the expressed written consent of management. In addition, a pet agreement must be signed by all adult occupants and a pet deposit will be required.
DISCLAIMER:

Square footage on printed material is approximate.
Applicant Signature

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Applicant Signature

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APPLICATION TO LEASE
Date

MonthDayYear
Date
Name

First NameLast Name
Date of Birth

MonthDayYear
Date
Social Security No.
Please Select One
Marital Status
Current Phone Number
Email
example@example.com
Address

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code
Occupation or Source of Income
Salary Per Month
Current Employer
Current Supervisor

First NameLast Name
Current Supervisors Phone Number
Length of Employment
Former Employer
Former Supervisor

First NameLast Name
Former Supervisors Phone Number

Spouse Information
Name

First NameLast Name
Spouse's Date of Birth

MonthDayYear
Date
Spouse's Social Security No.
Spouse's Current Phone Number
Spouse's Email
example@example.com
Spouse's Occupation or Source of Income
Spouse's Salary Per Month
Spouse's Current Employer
Spouse's Current Supervisor

First NameLast Name
Spouse's Current Supervisors Phone Number
Spouse's Length of Employment
Spouse's Former Employer
Spouse's Former Supervisor

First NameLast Name
Spouse's Former Supervisors Phone Number

Name of Other Occupants in Apartment:

(All unmarried adults must fill out a separate application)
Name

First NameLast Name
Date of Birth

MonthDayYear
Date
Relationship
Name

First NameLast Name
Date of Birth

MonthDayYear
Date
Relationship
Name

First NameLast Name
Date of Birth

MonthDayYear
Date
Relationship
Nearest Relative
Name of Nearest Relative

First NameLast Name
Nearest Relative's Current Address

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code
Nearest Relative's Current Phone Number
Emergency Contact
Emergency Contact Name

First NameLast Name
Emergency Current Phone Number

Automobiles
Make
Year
Color
License Plate No.
Make
Year
Color
License Plate No.
Pets
(Describe)
Current Landlord
Current Landlord Name

First NameLast Name
Current Landlord's Phone Number
Please enter a valid phone number.
Length of Tenancy
Former Landlord
Former Landlord Name

First NameLast Name
Former Landlord's Phone Number
Please enter a valid phone number.
Length of Tenancy
Eviction Information
Have you ever been evicted?
If so, why?
How did you learn about these apartments?
Please Select One

The Management will rely on the above information in consideration of the application and if untrue in any particular, the lease may, at option of Management be cancelled and security deposit forfeited.

Applicant hereby authorizes management to obtain credit history on any of the above named individuals making application utilizing a credit bureau of management's choice. Such information will be used to establish applicant's credit worthiness. Further, applicant authorizes any of the above named individuals or entities to release information verifying the above stated details.
Applicant Signature

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Applicant Signature

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Application Fee*

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TERRACE VILLA APARTMENTS

Rental Rates:

STATEMENT OF RENTAL POLICY

QUALIFICATION STANDARDS:

APPLICATION TO LEASE

Spouse Information

Name of Other Occupants in Apartment:

Nearest Relative

Emergency Contact

Automobiles

Pets

Current Landlord

Former Landlord

Eviction Information