Today's Best Homes LLC
APPLICATION CRITERIA

This community utilizes a third party service that conducts credit, rental history and criminal background investigations. Community management team members conduct all employer/income verifications. The investigation is conducted on all adult (18 years of age or older) occupants. The investigations are based on information provided by the applicant and information that may be retrieved from credit agencies, employers, previous landlords and Federal, State and Local agencies and other associated parties. In the event the application is rejected, the applicant will be notified verbally and in writing as to the reasons and the source(s) of the information that resulted in the rejection. However, if the rejection is a result of the information provided byt the applicant, we will only provide the result verbally unlesss the applicant makes a formal written request for information pertaining to the denial. In the case of roomates, information that we have obtainedresulting in a rejction can only be released to the party whose investigation causes the rejection. A security deposit will be required from all applicants and multiple adult applicants will require additional application fees. 

Criteria:

  1. A minimum of 6 month rental or ownership history. History must consist of no more than 1 late payment or 1 lease violation during a 6 month period. If a debt is owed to another rental community, the application will not be considered until adequate proof of satisfaction of that debt is provided. If renting from a private owner, appliacnt must provide a copy of a utility bill with the address and name of the applicant on the utility bill. Applicant(s) without rental or ownership history may be accepted with a security deposit equal to the monthly market rental rate for the apartment to be occupied. Evictions will constitute an automatic denial of the application. 
  2. No felony convictions, indictments, arraignments or deferred adjudications within the last 7 years. No misdemeanor criminal convictions, indictments, arraignments or deferred adjudications involving drugs, minors, arson, terrorism or theft (robbery & burglary) greater than $500 within the last 7 years. Any felony conviction or misdemeanor conviction of a sex crime will result in automatic denial of application. The fact that we perform criminal background checks does not mean that our residents and occupants have no prior or current criminal histories. We cannot and do not guarantee that this community and its residents are free from crime. Verification of the accuracy of information supplied to or made available to us by applicants and credit reporting services is limited.
  3. All applicants must provide one US government issued photo identification and one of the following: valid Social Security Number, Form I-94 Arrival-Departure Record with proper annotations; Temporary resident alien card verifying approved entry by US government (I-94W), I-551 Permanant Resident Card, Form I-668 Temporary Resident Card, or Form I-668A Employment Authorization Card. (A US government issued birth certificate in lieu of photo identification is acceptable for minor children.)
  4. Employment history must be six months continual; may change jobs, but must be continual employment or verifiable income source. Applicants receiving SS, SSI, pension, retirement or disability are excluded from the requirement, but must provide acceptable documentation to verify these benefits. (Verifiable income source includes check stubs, W2s, verification from employer or government entity. If self-employed, apllicant must produce Tax Return with Schedule C, financial statements from business, or profit/loss statement with back up.)
  5. At least 50% of accounts reported must be rated positively by the credit bureau (rating of 1, 2, or 3). Medical, student loans and 0 rated trades are excluded from the account history. The presence of utility collection accounts will require verification of balance paid in full before approval can be considered. 
  6. Minimum monthly verifiable gross income must be at least 2 times the monthly rental rate. Applicants receiving approved and verifiable rental assistance will require a minimum monthly gross income of 2 times the resident portion of rent. Maximum gross income, which includes all income sources, cannot exceed LIHTC schedule, which is based on household size.

SPECIAL NOTE: Any bankruptcy 25-84 months old must be discharged and ALL trades (minimum of 3) since bankruptcy must be rated positively by the credit bureau (rating of 1, 2, or 3) for the application to be considered.

Each applicant must satisfy all of the above criteria. No co-signers accepted. If the applicant has no credit and/or rental history a deposit equal to one months' rent may be required.