APPLICATION PROCESS:

Your application process begins upon submission of this application. TradeMark Residential processes applications on a first-come first-serve basis and once an application is submitted, the rental home is taken off the market while the application is processed. As such, we must adhere to a strict timetable for processing applications. 

If your application requires additional documentation to move forward, you will need to provide this within 24 hours from the time of the request or your application will be cancelled without additional notification.

Once approved, you will have 24 hours from notification to remit the security deposit for your rental home. After your security deposit is received, the lease will be generated and you will have 24 hours from the time it is sent for ALL PARTIES TO THE LEASE to complete and execute the lease.

If any of the timelines are not met, your application will be cancelled and the rental home will be placed back on the market and will be open for new applications. If you wish to have your cancelled application reconsidered and it has not been longer than 30 days and the property to which you have applied is still available, we can restart the process from the point it left off. 

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If you are applying for a rental home that you have not seen or are pre-leasing prior to the rental home being available for showings, all of the above timelines apply in their entirety. You will be required to pay your deposit and sign your lease without seeing the rental home in person. No refunds of application fees will be provided and you understand that the lease is legally binding regardless of if you are able to tour the home prior to signing.

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Once the lease is signed, you will be guided through the move-in process by our leasing team. In general, your prorated first-month’s rent and any pet fees, etc. are due on move-in day and you will be required to provide proof of renters insurance and account numbers for utilities in order to receive your keys.

APPLICATION SCREENING CRITERIA:

Equal Housing - Trademark Property Services dba TradeMark Residential are equal housing opportunity providers.  We adhere to the Fair Housing Law (Title VIII of the Civil Rights Act of 1968 as amended by the Housing and Community Development Act of 1974 and the Fair Housing Act of 1988) which stipulates it is illegal to discriminate agaist any person in housing practices on the basis of race, color, religion, sex, disability, familial status or national origin.

Availability/Application - Applications will be processed on a first come - first served basis and subject to availability.  A separate rental application and application fee are required for each prospective resident 18 years of age or older. Rental, income and credit histories will be considered jointly and approval will be based on the applicant with the best credit and rental histories. A valid form of legal identification is required at the time of application and lease signing.

Income - Applicants must provide two (2) full months of paystubs that, when combined in gross amounts, total at least 3 times the monthly rent. Retired, unemployed or student applicants must provide other verifiable sources of income that may include investments, trust funds, child support, alimony, and financial aid (when it is sent directly to the student, etc.).  If self-employed, a copy of the previous year's tax return must be provided.  If employment is pending, a copy of the offer letter on company letterhead, providing the start date and salary is to be presented. Applicants that make 2.5 times the monthly rent may be Conditionally Approved. 

Applicants receiving housing assistance must provide verifiable sources of income that, when combined in gross amounts, total at least 3 times the portion of rent for which they are responsible.  

Rental History - Applicants must provide at least 6 months of verifiable rental history and/or mortgage payment history that has occurred within the past two years. This history must be obtained from a landlord, apartment community or mortgage company. Acceptable rental/payment history will include no more than three late payments (including returned checks) per year of residency and compliance with all resident policies. Reference information from family members or friends will not be considered. 

Renter's Insurance - Each apartment/home is required to have renter's insurance. You will be required to provide your policy as well as your company prior to moving into your apartment/home and with each subsequent lease renewal. A minimum of $100,000 personal liability is required. If you do not have your own personal liability policy, you will be enrolled in a legal liability policy through RentShield and you will pay the monthly premium along with your monthly rental payment. 

Credit Requirements - A credit report will be processed on each applicant which will be evaluated by an outside agency and approval will be based on a risk scoring model. Depending on the results of the risk scoring report, an additional security deposit or guarantor may be required. If a Guarantor is required (students only), Guarantors must satisfy these criteria: (i) gross monthly income equal to 5 times the monthly rent amount; (ii) rent/payment history as described above; and (i) established credit history with a positive rating by an outside agency. Guarantors are responsible for all obligations of all Residents on the initial lease as well as all subsequent leases including modifications, extensions, and renewals. 

Criminal History - A criminal background check will be processed on each applicant and evaluated by an outside agency. Approval is based on a set of established guidelines.

      Automatic Denial For Residency: 

• Falsification of any information of the application , a bankruptcy in process, eviction by a previous landlord for cause 
• Failure to satisfy the income requirement or failure to satisfy the minimum risk score based on the model 

Revision Date: 03-06-2020