RENTAL REQUIREMENTS

CONDITIONS• All Applicants applying for an apartment must be a minimum of eighteen (18) years of

age or older.• Applicants must have a verifiable social security number, current visa or other

federally issued paperwork stating status in the United States.• Applicants will be required to sign a Crime Free Addendum, and will be held to all

conditions stated.• Occupancy standards are 2 occupants per bedroom plus 1 additional occupant.

INCOME Applicants combined income must equal 2.5 times the monthly rent.• Applicants must provide proof of monthly income in the form of; current employment

pay stubs, offer letter if new employment, tax returns from the prior year if self- employed or works for tips, proof of student loans, 3 months of bank statements showing consistent amount of 6 times the monthly rent, SSI letter, VA Benefits letter.

RENTAL HISTORY• Applicants must have at least 6 months verifiable current rental history.• Applicants with no previous rental history or history less than 6 months may be

approved on a conditional basis.• Applicants with a history of more than 5 late payments in a 12 month period may be

declined. • Applicants may not have ANY unpaid rents and/or prior outstanding landlord debt. • Applicants with negative rental history may be approved on a conditional basis or

possibly declined.

CREDIT AND BACKGROUND CHECK• A Credit Report and Background Check will be completed for every person eighteen

(18) years of age and older residing in the apartment. • All credit and background information is supplied through Resident Data / Credit

Retriever.• Credit scores will be based on overall credit worthiness; including acceptable account

ratios, rent to income ratios and the Fair Isaacs score provided by the credit bureaus.• Felony drug, murder, terrorism, and sex related convictions will result in denial.• Other felony and misdemeanors may be accepted after 7-3 years depending on the

offense.

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• All pending Felony charges will result in a denial.• Falsification of the rental application or failure to answer completely can result in a

denial.• Bankruptcies must be discharged.

CONDITIONAL APPROVALApplicants that are approved on a conditional basis may be asked to fulfill one or all of the following conditions in order to have an approved application.

• Written receipt of any outstanding rent and/or landlord debt.• Pay an additional security deposit and/or admin fee based on rental verification.• Have a qualified co-signer sign the lease to guarantee the rent.• Provide additional identification or address information.• Make all payments in guaranteed funds.

CO-SIGNER QUALIFICATIONS• Co-signers must have income equal to 5 times the monthly rent amount.• Have a mortgage in current standing or rental history for 3 years.• Background must be clear of any felony or misdemeanor arrests or convictions

against a person or property.• Bankruptcies must be discharged for more than 3 years.

Versante Apartments is fully committed to equal housing opportunities. We do not discriminate against anyone based on race, creed, sex, handicap, familial status, or national origin, as stated in the Federal Fair Housing Law (Title VIII of the Civil Right Act of 1968 as amended by the Housing and Community Development Act of 1974 and the Fair Housing Amendment of 1988).

I have read and understand the Qualifying criteria of this community. I understand that I am paying a non-refundable application fee of $30.75 that will not be returned to me for any reason.

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