Rental Application

We Allow Three Guarantor Types:
 
1. SELF-GUARANTOR:
As a student applying for housing, you will act as my own guarantor. This means you are personally responsible for meeting the financial obligations of the lease, including timely rent payments and any other associated costs. You understand that a background and income/credit check will be conducted as part of the application process. I am prepared to provide all necessary documentation and demonstrate my financial stability to support my application.

2. OTHER/FAMILY GUARANTOR:
A family member, such as a parent or guardian, can be your guarantor. They will need to complete our income/credit application process and demonstrate financial stability. This includes providing necessary documentation to verify their income and creditworthiness.

3. LEAP GUARANTOR:
If neither of those options work for you, you may qualify with Leap, a third-party company that can act as your guarantor for an additional fee (paid to Leap). After you complete your Raider Village application, you will be directed to the Leap Team to submit your application with Leap.
 

Income Qualification Threshold:
 
Income qualification only applies to self-guarantor and other/family guarantors. Leap uses its own set of qualifications, which you can learn more about at https://www.leapeasy.com/.

1. SELF GUARANTOR:
INCOME: Total monthly income must be at least two and a half (2.5) times the sum of the highest installment rate. If income requirements are unmet, management may require the applicant to have a guarantor. Financial aid, grants or student loans are not qualifying sources of income.

2. OTHER/FAMILY GUARANTOR:
The guarantor’s gross monthly income must total at least five (5) times the sum of the highest installment rate. Guarantor must have (1) verifiable employment in this country or (2) verifiable source of income. If the guarantor is self-employed or receives money from non-employment sources, the guarantor must provide (1) a photocopy of a tax return from the previous year or; (2) a financial statement from a CPA verifying employment and income or (2) photocopies of the three most current bank statements.

3. LEAP GUARANTOR:
Leap implements its own qualification process, which you can learn about on their website, https://www.leapeasy.com/faqs/. Upon completing your Raider Village application, you will be redirected to start your Leap application.
 

What will be checked during this process?
 
INCOME:
See above.

CREDIT QUALIFICATION:
A credit check will be processed for all guarantors. A social security number is required. The guarantor must have a credit score of 600 or above. A credit score below 600 will require a prepayment of two (2) installments in advance.

BANKRUPTCY QUALIFICATION:
Bankruptcy may result in a non-approval.

RENTAL HISTORY QUALIFICATION:
Previous payment history will be reviewed, and negative rental history will not be accepted. Negative rental history is described as, but not limited to, any damages owed, rental-related debt as described above, delinquent rental payments, and/or evictions filed within the past (12) months.

Background Check Approval
 
 
QUALIFYING PROCEDURES:
In order to reside in our community, we require that each applicant must be 18 years of age and meet certain rental criteria. Before you complete our Rental Application, we suggest that you review these requirements to determine whether you meet them. Please note that the term “Applicant” provided below applies to all Residents to be identified on the Lease Contract and the person or persons to be responsible for paying rent. Please note that these are our current rental criteria; nothing contained in these requirements shall constitute a guarantee or representation by the property prior to these requirements going into effect. Our ability to verify whether these requirements have been met is limited to the information we receive from the various screening and credit reporting services used.

All prospective residents may be required to provide proof of the following standards to include, but not limited to:

CREDIT:
A credit check will be processed on all self-qualifying applicants (if applicable). A social security number is required. Self-qualifying applicants must have a credit score of 600 or above. A credit score below 600 will require a prepayment of two (2) installments in advance.

INCOME:
Total monthly income must be at least two and a half (2.5) times the sum of the highest installment rate. If income requirements are not met, management requires the applicant to have a guarantor. Financial aid, grants or student loans are not qualifying sources of income.

RENTAL HISTORY:
Previous payment history will be reviewed, and negative rental history will not be accepted. Negative rental history is described as, but not limited to, any damages owed, rental related debt as described above, delinquent rental payments, and/or evictions filed within the past (12) months.

CRIMINAL HISTORY:
We screen applicants (and current residents upon renewal where applicable) over the age of 18 for criminal history. If we find that an applicant has a prior conviction, we will consider the nature, date, and circumstances of conviction. Convictions do not result in automatic denial of application or lease renewal. Convictions involving sexual misconduct (as defined by state law), drug related crimes, theft by check or a physical crime against a person or another person's property may be denied unless there are mitigating factors. Applicants or current residents appearing on the list of known terrorists and wanted fugitives, federal agencies (including the FBI or other state and local law enforcement agencies) will be denied.

Please remember that this screening does not constitute a guarantee or representation that residents or occupants currently residing at the property do not have criminal convictions. There may be circumstances where applicants have been permitted to reside at the property when they have criminal convictions including, but not limited to situations such as: residents and occupants that have resided at the property prior to this requirement going into effect, convictions that were missed in our screening additionally, our ability to verify this information is limited to the information made available to us by the screening and credit reporting system.

The Applicant consents to the collection, use and disclosure of the Applicant’s personal information by the Landlord and/or agent of the Landlord, from time to time, for the purpose of determining the creditworthiness of the Applicant for the leasing, selling or financing of the premises or the real property, or making suchother use of the personal information as the Landlord and/or agent of the Landlord deems appropriate.

By submitting this form, The Applicant represents that all statements made above are true and correct. The Applicant is hereby notified that a consumer report containing credit and/or personal information may be referred to in connection with this rental. The Applicant authorizes the verification of the information contained in this application and information obtained from personal references. This application is not a Rental or Lease Agreement. In the event that this application is not accepted, any deposit submitted by the Applicant shall be returned.