STATEMENT OF RENTAL POLICY OF HIDDEN PALMS APARTMENTS
Welcome to Hidden Palms Apartment Homes and thank you for choosing our community. We require each Applicant and adult occupant meet certain rental criteria. Before you fill out our Rental Application, we suggest that you determine whether you meet our requirements. 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 the rent. Please note that these represent our current rental criteria; nothing contained in these requirements shall constitute a guarantee or representation by Owner prior to these requirements going into effect. Additionally, our liability to verify whether these requirements have been met is limited to the information we receive from the various credit reporting services used.
APPLICATION SCREENING CRITERIA
All applicants must have a Social Security Number and will be approved on the following basis:
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Applicant or applicants must be a minimum of eighteen (18) years of age or older.
All applicant (s) must be able to provide a copy of their Social Security card.
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A.
All applicants must provide a copy of their Social Security card.
B.
All applicants must provide a government issued photo I.D.
C.
All applicants must provide proof of income.
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Occupancy Guidelines
TYPE OF APARTMENT
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MAXIMUM # OF OCCUPANTS
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One bedroom
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2
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Two bedroom
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4
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* An occupant is any individual over the age of 2.
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Application Fee
A non-refundable application fee of $50.00 is required per person for processing. If the application is approved a security deposit is due within 48 hours of acceptance. Lease shall be signed within ten (10) days after approval. These deposits are payable in a certified check or money order only. This will hold the apartment for up to thirty (30) days. Additionally, this deposit is non-refundable if the applicant (s) does not take the apartment.
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Employment Requirement
Employment will be verified. Income shall include, income as confirmed by employer, trust officer and two (2) recent pay stubs, or two (2) years tax returns, if self-employed.
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Income Requirements
Gross Income must equal 3 times the monthly rent amount. If Applicant(s) do not meet this guideline, Owner may allow a Co-Signer to compensate for this factor.
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Credit History
A credit report will be ran on all applicants. All outstanding public records or claims must be cleared. Credit must not reflect any non-discharged bankruptcies. The Landlord reserves the right to deny your application if the above criteria is not met.
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Rental History
It is your responsibility to provide necessary information that allows us to contact your past Landlords. You must have a history of paying your rent on time, no prior convictions, no history of default in lease obligations, and have given proper notice and must not owe any money to your Landlord. If we are unable to verify your previous Landlords and/or references, we reserve the right to deny your application.
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Co-Signers
If Applicant(s) are denied due to lack of income (remove “or credit history”), Owner may allow applicant(s) to obtain a co-signer. Co-signer must meet all the criteria as stated in this application and his/her income must gross 5 times the monthly rent amount. No co-signer will be accepted for applicant(s) with bad credit history.
RENTAL AGREEMENT
If you are accepted, you will be required to sign a Lease Agreement in which you will agree to abide by the policies of this rental property. A copy of this contract is available for your review. Please read the Lease Agreement carefully, as we take each and every part very seriously. It has been written to protect the rights of both our Residents and the Owners of the community.
ALL ITEMS LISTED ON APPLICATION SUBJECT TO CHANGE WITHOUT WRITTEN NOTICE