Requirements for Your New Home

Application

Please read this page carefully before completing the application. Applications must be complete and all fees paid prior to submission for consideration. All completed applications are processed on a daily basis (Mon-Sun).

A completed application contains:

• A completed online application (One for each individual 18 years and older)
• Copy of a Valid Government issued ID
• 1 Months Verifiable Income
• 2 Months Bank Statements
• Required Application and Holding Fees

General Rental Criteria

Rental Application: Applicants must be of legal age, eighteen (18) years and over. Everyone who will be residing in the home and if over the legal age of eighteen (18) years must submit an application and pay the application fee.* All applicants must provide a valid Driver’s License, State Identification card, Military ID or US Government issued picture ID upon submission of application. In order to help us complete your application in a timely manner, we ask that you complete every section of the application. There should be no lines left blank. If a line does not apply, please fill in with N/A. If you need to call us back with more information, please do so within your 72 hour grace period. Be sure to sign the application and date it where indicated.

Occupancy Standards: Two persons maximum per bedroom plus one additional occupant permitted.

Income Requirement: The gross monthly income of all lease holder(s) will be considered jointly, and should equal 3 times the rental rate of the home. All income must be verifiable. Verifiable income includes 1 month most recent pays stubs, a recent offer letter from your current employer, or the previous year’s tax returns. Section 8 vouchers and certificates may be accepted and are subject to approval of the property management team.

Self-Employment: Must provide the previous year’s personal income tax return and the previous six months personal bank statements as evidence of sufficient income. Persons who hold jobs that are commission only, base salary plus commission, tips, or bonus will be considered self-employment.

Employment Verification: Lease Holder(s) must have stable and verifiable employment or, if unemployed or retired, will be considered self-employed and must meet the guidelines for self-employment.

Bank Statements: Applicants must provide previous 2 months personal bank statements and not have more than 2 NSF or Overdraft’s in that period.

Rental History: Up to 36 months of residency history will be reviewed and must exhibit no derogatory references (such as evictions, filings of initial evictions, or residential collections), and must have given 30 day notice to vacate to previous landlord. Any debt owed to an apartment community and/or utility company must be paid in full before the application can be approved. Forcible Entry and Detainers (Evictions) due to property damage, unpaid rent, drug use or any criminal activity will not be accepted under any circumstance. If you have no prior verifiable rental history, you will be assessed an additional fee of 1 months deposit or asked to provide a qualified Co-signer.

Credit History: Although our decision is not solely based on credit, credit history should show that the resident has paid bills on time and does not have a history of debt write-offs or collection accounts. Any money owed to a previous landlord or to any utility company is cause for denial. Residency may also be denied due to poor credit history.

Co-Signer/Guarantor: A Co-Signer/Guarantor and/or additional security deposit may be required in the case of one of the following: 1) No verifiable income for full-time students; 2) Unsatisfactory credit rating; 3) Unverifiable rental history; 4) Unsatisfactory Income requirements. The Co-Signer/Guarantor must pass the same application and screening process, pay appropriate application fee, meet all the same requirements as the applicant and have a strong credit rating, verifiable income of at least 4 times the rent and their own rent or mortgage payment

Criminal History: A criminal background will be conducted on each applicant. The application will automatically be denied for any of the following: Felony records that include any Violent crime against a person(s) or sexual nature, Serious Misdemeanors in the last 7 Years, exact name match on the OFAC Watch List, name and DOB matches on the Registered Sex Offender Database, Any drug charge in the last 7 years, persons who have been charged with, convicted or received deferred adjudication for a felony or a misdemeanor involving these crimes.

Service or companion animals that assist residents with special needs will always be accepted, provided documentation is submitted. A pet deposit will not be charged for service or companion animal.

Application, Administrative, and Holding Fee: In order to screen your application for approval you must submit the following fees:

• • $35 per Adult Non Refundable application fee for each application submitted*
  • Holding fee to remove the home from the market and places a temporary hold on the property.
  • To calculate your prorated amount divided the total rent amount by the number of days in the month. (Ex. $1500 Monthly Rent / 31 days = $48.39/day

Contingency

Atlantica Properties does business in accordance with the Federal Fair Housing Law. (The Fair Housing Amendments Act of 1988). Agents understand that it is illegal to discriminate against any person because of race, color, religion, sex, handicap, familial status, or National Origin. This applies in the sale or rental of housing or residential lots. It also applies to advertising, the sale or rental of housing and the financing or appraisal process. In addition, blockbusting is illegal. To assure residents or buyers that we don’t discriminate, we display Equal Housing Opportunity posters in our office and have its logo printed on our application forms.

*By submitting this application, applicant(s) acknowledge(s) and accepts the lease application will be approved or rejected on the basis of the information above. Falsification of any information on the lease application, provided documentation, or incomplete documentation will result in a decline of the application. Applicant(s) also agree(s) to submit all documents necessary to complete the application within 72 hours of the application date. All information must be verifiable. Failure to provide the documentation will result in a declined application and forfeit of all fees paid to reserve the home.