PROPERTY MANAGEMENT, INC.

Transcription

1 Dear Co-Signer: Thank you for your application to co-sign on a rental with Son-Rise Property Management Inc. Please take a moment to read the instructions below that will aid in the timely processing of your application. Please also take a moment to review our admittance policy on the following page. You will need to fill out the application fully and completely with your information, just as if you yourself were applying for the rental. 1. Employment/Income Verification Income must be three times the amount of rent (may be combined income in the case of spouses). Please provide copies of your two most recent pay stubs, the first page of last year s tax return, or last year s W-2 form. 2. Previous Rental History Please provide names and phone numbers of your two most recent landlords and/or a total of two years rental history. Mortgage payments made on a timely basis will qualify as a positive rental reference. 3. Credit Check Please review our admittance policy (following page) for specific credit requirements. Please fill out your application truthfully. If a question does not apply to you, please note N/A (not applicable). All required documentation is required to be submitted within 48 hours of your application. Incomplete applications will not be accepted. There is a non-refundable fee of $20.00 per co-signer application, payable in exact change cash, debt/credit (in office only), cashier s check, or money order only. Personal checks will not be accepted for co-signer application fees. Please be sure to include a photocopy of your picture ID, driver s license, or passport so that we can confirm your signatures. We will accept co-signer applications via fax, however the original must be sent to our office at 109 E. Chestnut Street, Bellingham WA, Co-signer presence and signatures will not be required for the lease agreement. Please feel free to call our office at (360) with any questions you may have. A correctly completed application will help us expedite the process for you. Sincerely, Son-Rise Property Management, Inc.

2 RESIDENT ADMITTANCE POLICY PURPOSE: To provide a standardized guideline for admitting residents to properties managed by Son-Rise Property Management Inc. to ensure that all applicants are treated fairly and equally; to eliminate the possibility of discrimination in rental decisions; to ensure that only responsible tenants, who will pay the rent on time and maintain the rental property, are admitted to Son-Rise Property Management Inc. The screening company we utilize is AppFolio, Inc Castilian Dr.; Santa Barbara, CA They obtain credit reports from Experian P.O. Box 2002 Allen, TX (888) APPLICATION SCORING GUIDELINES: Each application s screening report shall be reviewed for two types of adverse information: NEGATIVES and TERMINALS. If three or more negative items are found in a report, with no extenuating circumstances, the applicant shall be denied. If any one terminal item is found, with no extenuating circumstances, the applicant shall be denied. NEGATIVES: Any credit account that has more than two 30-day late payments in the last three years. Any credit account that has more than one 60-day late payment in the last three years. Any credit account that has one or more 90-day late payments in the last three years. Any credit account that is currently rated more than 30 days late. Any credit account that is rated as having gone to collections. Any account placed in collection. Each collection account counts as 1 negative. Any landlord reference that includes late rent payments. Each late payment counts as 1 negative. Any instance of proper Intent To Vacate notice not being given to a landlord. Any instance of a lease being broken by the applicant. Any instance of unauthorized pets or persons occupying a unit rented to the applicant. Any employment situation that is temporary or seasonal in nature. Any bank reference that shows more than one NSF check in the previous 12 months. Less than 2 years of verifiable work history/income. TERMINALS: Any OPEN bankruptcy (a bankruptcy to which new claims may still be added). In a group application any 1 applicant denied is a denial of all applicants. Any collection filed by a property management company. Any judgment or lien. Any eviction or unlawful detainer action. Any current 3-day Notice to Pay or Vacate. Any income level (or combined income level in the case of roommates) that is less than 3 times the amount of rent of the unit applied for. Any felony or misdemeanor conviction in the last 7 years and/or any current pending convictions. Any applicant who is a registered sex offender. Any employment reference that states the applicant will be terminated in the near future, where other potential income is less than 3 times the amount of rent of the unit applied for. Any gross distortion of the truth by the applicant on the written application. Any applicant lacking a minimum of two years rental history. In some cases, the property manager may feel that an applicant who does not qualify under this policy might still be an acceptable risk due to extenuating circumstances. Such circumstances might include but are not limited to: severe medical problems, recent death of a spouse, a temporary period of unemployment in the past, negative rental references confined to a single landlord, etc. In these situations, the manager may request a review of the application by their immediate supervisor who may, at their discretion, approve or decline the applicant, or request a co-signer for further consideration. ANTI-DISCRIMINATION: No applicant will be denied residency on the basis of his/her race, sex, religion, marital status, or age.

3 Co-Signer Application Co-Signer Application Address to Rent: Unit # Rent: $ Deposit: $ Desired Move-In : Desired lease term: Mobile Number: How Did You Hear About Us? Son-Rise Website Craigslist Other All application material (refer back to the first page of your application, numbers 1 through 5) needs to be turned into the main office within 48 hours of receiving your application to hold your position with the unit. Cosigner Information: PART I - GENERAL INFORMATION Name (Last, First, Middle) Other Persons To Occupy Rental Property Social Security Number DL/ID Number & of Birth Does applicant have any pets? Yes No Does applicant have a waterbed? Yes No If yes, do they have waterbed insurance? Yes No If yes, what type of pets, and how many of each? Is the pet: Indoor Outdoor or Both In the case of cats, is the cat de-clawed? Yes No PART II - RESIDENCE HISTORY Present Address OWN Landlord s Name: Landlord s Phone Number: Previous Address RENT (Circle One) How long did you live there? Moved In: Moved Out: What was the monthly payment amount? $ OWN How long did you live there? RENT Moved In: Moved Landlord s Name: (Circle One) Out: Landlord s Phone Number: Previous Address What was the monthly payment amount? $ OWN How long did you live there? RENT Moved In: Moved Landlord s Name: (Circle One) Out: Landlord s Phone Number: What was the monthly payment amount? $

4 PART III EMPLOYMENT HISTORY Name of Present Employer: Start : Employer s Address: Position: Employer s Phone Number: Full-time or Part-time? Name of Supervisor: Monthly Income: $ Name of Previous Employer: Start : End : End : Employer s Address: Position: Employer s Phone Number: Full-time or Part-time? Name of Supervisor: Monthly Income: $ Name of Previous Employer: Start : End : Employer s Address: Position: Employer s Phone Number: Full-time or Part-time? Name of Supervisor: Monthly Income: $ ADDITIONAL INCOME Additional income, such as child support, alimony, or separate maintenance need not be disclosed unless such additional income is to be included for qualification hereunder. Amount of $ per Source: PART IV IMPORTANT INFORMATION Name of Nearest Relative Relationship Address Phone Number Emergency Contact Relationship Address Phone Number Personal Reference Relationship Address Phone Number Are you or any member of your household a convicted sex offender? Yes No Have you or any member of your household ever been charged or convicted of a criminal offense? Yes No Have you or any member of your household ever been asked to leave a rental either through lease termination or eviction proceedings that were started? Yes No Have you or any member of your household ever filed for bankruptcy? *If yes, is it open? Yes No Yes No If closed, what year discharged? I/We declare that the information provided in this application is true to the best of my/our knowledge. You are hereby authorized to verify all information, including juvenile records, put forth in connection with the processing of this application. False, fraudulent, or misleading information may be grounds for denial of tenancy or subsequent eviction. Any and all information provided will be investigated and will be kept confidential. I am aware that I will need to provide all necessary information including paystubs/tax forms/id and all required documentation within 48 hours of submitting my application. An incomplete application causes a delay in processing and may result in a denial of tenancy. NON-REFUNDABLE APPLICATION FEE: $45.00 per applicant/$20.00 per co-signer Applicant Applicant

5 CONSUMER AUTHORIZATION RELEASE FORM I have examined the information contained on my application and agree it is true. I give my permission for Son-Rise Property Management Inc. to check my credit record and verify the truth of any statements that I have made. I also give my permission for you to perform a criminal background check. I understand that this is not a lease agreement and should my application not be accepted I have no right to the rental space applied for. I understand that I will be charged a non-refundable fee for the screening of my application. I understand that screening the application includes verifying all the information provided including current and former landlords, employers, financial institutions, and law enforcement agencies. By signing the application for tenancy, I am authorizing these agencies and persons to release information to Son-Rise Property Management Inc. in order to evaluate my application. Son-Rise Property Management Inc. uses the services of Affiliated Information Resources (AIR) to provide credit and other background information on applicants. If we deny your application for tenancy based on information provided by AIR, you have a right to contact that agency by telephone at to determine and dispute the accuracy of the information provided. Son-Rise Property Management Inc. is not allowed to disclose or release the information provided by AIR except as required under 15 U.S.C. Section 1681 at et seq. If you seek to review your credit report or other such information, you should contact AIR directly at the number listed above. Applicant Name (Please Print) Applicant Signature Agent Signature CO-SIGNER AGREEMENT

6 ADDENDUM TO RENTAL AGREEMENT/LEASE Property Address: Amount of Rent: $ Tenant Name(s): The undersigned co-signs as unconditional guarantor on the rental agreement/lessee referred to above. As co-signer, I acknowledge that I unconditionally guarantee payment for the rental and/or damage costs, and that I am also bound by the terms and conditions of the rental agreement/lease, or any extensions or renewals thereof, as if I were the tenant signing such agreement. If there is a default in payment for the rental and/or damage costs, I shall upon demand pay the amounts in arrears to the Landlord/Management. I hereby declare under penalty of perjury under the laws of the of Washington that the above is true and correct. Co-Signer s Name (Please Print) Co-Signer s Address Co-Signer s Phone Number Co-Signer s Signature Agent Signature

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