The following information is Aderhold Properties, Inc. minimum qualifying standards* for leasing an apartment home. Everyone living in our apartment homes must qualify and sign a lease. Each applicant must qualify on his/her own ability. Each individual adult must be a party to the lease. Management does not allow co-signers.
Your application will be forwarded to a professional credit reporting company. The information discovered will be furnished to us. We shall make the final decisions as to approval or disapproval of your lease application after we have reviewed your application and obtained the necessary information. If you have an questions concerning the information furnished us by the credit reporting company, they will furnish the information/answers to you. We are not authorized to discuss information provided.
We investigate the following:
(1) Resident History. We verify your present and past residence, the length of time of residency, the record of your rental payments, the condition of the apartment upon your vacating, noise complaints, written notice given, and the rental amount. We verify past residence (2 years history).
(2) Employment Reference. We verify your employment, name of the employer, length of employment, satisfactory or unsatisfactory performance, if a layoff is anticipated within 90 days, and gross salary. Occupants applying must have a combined income which is equal to three (3) times the rent per month.
(3) Bank Reference. We verify the existence of the account, standing of the account (any returned checks), the length of time the account has existed, and the name which appears on the account.
(4) Credit Report. There is a full credit report prepared. If your income is borderline in qualifying, we will also look at your outstanding balances. We will also check your credit for prior residences and compare the addresses to those you have given us. Management reserves the right to reject an application should rental history prove unsatisfactory. Management reserves the right to reject an application should credit history prove unfavorable.
It is imperative that you complete the application thoroughly with full legal name(s), telephone numbers, account numbers, etc. (to help process the application quickly and easily). If you foresee a problem, please discuss it with us since the application fee is non-refundable once the application is faxed to our reporting company.
Any false or omitted information submitted on the application will constitute grounds for rejection of your application. We reserve the right to reject an application for any reason other than race, color, creed, sex, religion, handicap, familial status, place of nature, origin, or age.
*Each property may have qualification standards and/or minimum requirements for residency that apply in addition to the above listed information. If you have any questions regarding a property`s individual requirements, contact the property directly and someone will be able to assist you with that information.