Avenue5 Resident Qualification Acknowledgment
In order to assist you with your decision on your new home, we are providing a list of guideline used to qualify applicants for residency in our communities. Nothing contained in these requirements shall constitute the representation by Avenue5 that all residents and occupants currently residing in our community have met or currently meet these guidelines. Our policy is to require everyone aged 18 or over to be a leaseholder and therefore, must be approved as a leaseholder. Subject to their compliance with applicable laws, qualification standards include, but are not limited to, the following criteria:
IDENTIFICATION. Applicants must present a valid government-issued photo identification card for each person age 18 years and older the will be living in the apartment.
INCOME. All applicants must have a combined verifiable source of income in an amount in accordance with current community guidelines no less than 2.5 times the rental rate.
CREDIT HISTORY. Our credit reporting agency evaluates credit and rental history against indicators of future rent payment performance. An unsatisfactory or insufficient finding may result in the requirement of an additional deposit, guarantor, or denial. Applicants are responsible for ensuring their credit history is accurate.
GUARANTORS. If a guarantor is needed, he/she must meet the entire qualifying criteria as presented above. All guarantors must have a verifiable source of income in an amount no less than five (5) times the rental rate. The guarantor must meet the criteria presented above throughout the entire duration of the applicable lease period.
CRIMINAL HISTORY. Our investigation includes criminal background screening. It is possible your application may be denied due to criminal convictions. We conduct background screening on leaseholders and occupants.
OCCUPANCY. The following occupancy standards apply based on two (2) persons per bedroom, plus one per apartment:
PETS. Pet restrictions vary at each community. The following breeds are restricted from our Avenue5 community:
|One Bedroom with Den
Additional breed restrictions could apply and be property specific, If you have pets, please see your Leasing Representative for more information.
|Pit Bull Terriers or Staffordshire Terriers
RENTERS INSURANCE. Our community may require all leaseholders to carry a minimum of $100,000 Personal Liability Insurance Coverage. To satisfy this requirement, you must provide evidence of insurance coverage at initial Lease signing and maintain this coverage throughout the entire term of your residency. In addition, we require that you add our community as an INTERESTED PARTY, PARTY OF INTEREST, or similar language.
FAIR HOUSING STATEMENT. Avenue5 is committed to compliance with all federal, state, and local fair housing laws. Avenue5 subscribes to a universal policy for the achievement of equal housing and no person will be discriminated against because of race, color, age, religion, national origin, sex, familial status, disability, sexual orientation, gender identity, marital status or any other applicable laws protecting specific classes. All persons involved with the leasing and operation of apartment homes are provided with diversity training on fair housing laws and Avenue5 corporate policies. Avenue5 and Owner will discuss and respond to any reasonable accommodation request based upon disability-related need. Avenue5 and the Owner will allow reasonable modification of existing premises, which may be at the expense of the disabled person.
RENTAL RATES AND LEASE TERMS.
Original rental rate quotes will be honored for two business days. The rental rate quote is associated with the apartments availability at the time of your quote, move in date, and lease term requested. Any revision or changes to the time of the quote, your move in date, or lease may require a revised quote which may result in a different monthly rental rate.
APPLICANT APPROVAL ACKNOWLEDGEMENT.
Applicant agrees to and acknowledges that all qualifying criteria referenced above will be considered in the screening process. Screening recommendations are based on the overall screening report from a third party provider. Applicants who do not meet the requirements referenced above may be declined or subject to a conditional approval including, but not limited to: additional or an increased months rent and or deposit or personal guarantor.