th Street. San Diego CA Phone: Fax:

Transcription

1 Albert s College Apartment Homes th Street San Diego CA Phone: Fax: Guarantor Application Instructions Guaranty of Resident Obligation Agreement: If you are not able to come here to our leasing office to sign this in person, you will need to have it notarized. This is because you will not be signing the actual Lease Agreement, so this is your legal obligation. You may fax us a copy to get the process started but we will need to receive the original as soon as possible. General Rental Criteria and Occupancy Guidelines: Please just read through Page 2 and sign. Guarantor Rental Application: Please fill out Page 3 and Page 4 completely. Also, please sign where it says Applicant at the bottom of Page 4. Resident History Verification: Just fill out the Applicant Authorization section located at the top of Page 5. This gives us permission to request information from your employer or landlord, if applicable. Also, make sure you print your name, sign, and date where indicated. Income Verification: Also, remember that we will be needing proof of your income (pay stubs, tax forms, bank statements, etc.). Feel free to contact us with any questions! If you would like to view more information on our property, please visit our company s website at Page 1 of 6

2 Guarantor Criteria and Occupancy Guidelines Occupancy Guidelines Studio 3 occupants maximum 1 Bedroom 3 occupants maximum 2 Bedroom 5 occupants maximum 3 Bedroom 7 occupants maximum History Verification A guarantor applicant must have at least 18 months resident history with no negative information within the past year. Income Criteria Applicant(s) must have a verifiable monthly gross income as follows: Guarantor s Monthly Housing Cost +Proposed Rent Amount = Total Monthly Housing Cost X2 = Minimum Monthly Gross Income Required Credit History Applicant must have at least a 50% positive credit ratio for the last 24 months. Automatic Denials Conviction of a felony or deferred adjudication for a felony, more than two (2) misdemeanor convictions or any drug conviction (traffic violations may not be considered); foreclosure, eviction, skip, or money owed to a previous landlord; open bankruptcy or bankruptcy filing within the past six months; falsification of application. Pet Criteria* Dogs must not exceed 40 lbs. No puppies (animals under 1 year). Pets are allowed on the premises only after an appointment with management to meet and photograph your animal. Your Pet will not be allowed on the premises if it belongs to or is mixed with any of the restricted breeds listed below. ** American Staffordshire Terrier Bull Terrier Breeds Great Dane Rottweiler Akita Chow Chow Malamute Breeds Husky Breeds Bloodhound Breeds Dogue de Bordeaux Mastiff Breeds Wolf Breeds Bernese Mountain Dog Doberman Pinscher Presa Canario Bulldog Breeds German Shepherd Rhodesian Ridgeback caused by the Pet. MG Properties is to be named as an additional insured on that policy. A copy of the policy or a certificate of insurance must be presented to MG Properties prior to move in. You will not be permitted to move in if you have not provided us with a copy of the policy or certificate of insurance. *Only on applicable MG Properties **You may be required to provide a statement from your veterinarian as to the breed of your animal. This list should not be interpreted as all inclusive. Approval of questionable breeds will be at the discretion of management. Management reserves the right to modify this list at any time without notice. Applicant Signature Date Management Signature Date Applicant Signature Date Page 2 of 6 Applicant Signature Date

3 GUARANTOR RENTAL APPLICATION (One form for each Guarantor) NAME MAIDEN/OTHER NAMES USED TELEPHONE ( ) CELL PHONE ( ) WORK PHONE ( ) DATE OF BIRTH SOCIAL SECURITY NO. DRIVERS LIC. # STATE EMPLOYMENT HISTORY (Last Five Years) - USE REVERSE SIDE IF NECESSARY PRESENT EMPLOYER SUPERVISOR S NAME TELEPHONE ( ) GROSS SALARY JOB TITLE DATE EMPLOYED FORMER EMPLOYER TELEPHONE ( ) GROSS SALARY JOB TITLE PERIOD EMPLOYED From To FORMER EMPLOYER TELEPHONE ( ) GROSS SALARY JOB TITLE PERIOD EMPLOYED From To OTHER INCOME Page 3 of 6

4 HAVE YOU BEEN CONVICTED OF A FELONY? IF SO, PLEASE EXPLAIN IN CASE OF EMERGENCY NOTIFY Name Phone CURRENT RESIDENCE Dates of Tenancy Landlord/Mortgage Company Monthly Payment Contact Phone # Street Address City State Zip Code PREVIOUS RESIDENCE Dates of Tenancy Landlord/Mortgage Company Monthly Payment Contact Phone # Street Address City State Zip Code Management reserves the right to unilaterally deny this application should there be any change or new information available regarding employment, compensation or any other significant item provided or requested herein between the time of the acceptance of this application by management and the move-in date. Applicant understands that 1) the Guarantor Application fee(s) paid are non-refundable administrative fees; 2) the holding deposit paid will be refunded if; a) application is NOT approved or; b) Applicant cancels within 3 business days from the date of this agreement. If Applicant cancels after the application has been approved the deposit will not be refunded. In the event the premises are not ready for occupancy by said date, Management shall refund the money paid by Applicant hereunder or Applicant shall have the option of extending the reservation until such time as the premises are ready for occupancy. Falsification or unverifiable information will be grounds for denial of said rental application. Applicant represents that all the above statements are true and correct and hereby authorizes verification of the above items including, but not limited to, the obtaining of a credit report and agrees to furnish additional credit references on request. Applicant agrees that Management shall not be liable for any delay in the date said apartment unit is ready for occupancy. First month rent and security deposit, must be paid by cashier s check or money order prior to move-in. Guarantor Application for Apt#: MG PROPERTIES - AGENT FOR OWNER : Applicant : Date Date Page 4 of 6

5 Resident History Verification Guarantor Applicant Authorization: I, hereby give authorization to release information to Albert s College Apartments for the purpose of obtaining rental housing. Print Name Signature Date ***Guarantor Application Portion Complete*** Employer Use Landlord Use Employer Name: Community Name: Employer Address: Address: Employer Phone: Landlord # Contact Name: Contact Name: Employment Start Date: Dates of Residency: From: To: Do you anticipate Continued employment Over next 12 months? Monthly Income? Did Resident Pay on time? If No, how many times late? Policy Violations? If No, please explain: Verified by: Office Use Only Proper 30 Day Notice Given? Verified by: *Please fill in and fax back to Albert s College Apartments Rent Amount: + Guarantor s Monthly Housing Cost: = Total Monthly Housing Cost: X2 = Minimum Gross Monthly Income Requirement: Credit/Criminal Reports Processed On(date): By: (agent name) Screening Results Denied Approved SSN Verified: By: (agent name) Resident Notified of: Approval/Denial Date: By:(agent name) Manager Approval/ Confirmation of Denial: Regional Manager Signature (if required): Page 5 of 6

6 Guarantor Agreement This Guaranty of Resident(s) Obligation is in reference to the following named Resident(s) and corresponding Lease Agreement: Owner/Agent: MG Properties Albert s College Apartments th Street, San Diego, CA Resident(s): Lease Commencement Date: For valuable consideration, the undersigned, hereinafter referred to as Guarantor, intending to be legally bound, jointly and severally and unconditionally guaranty(s) the Owner/Agent named above, the full and faithful performance by the above named Resident(s), successors, and assigns, without limitation, the obligation to pay rent and other charges and fulfill all obligations of the Lease Agreement. The undersigned waives all presentments, demands for performance, notices of non-performance, protects notices of protest, notice of dishonor, and notices of acceptance of this Guaranty. The undersigned agrees that Owner/Agent and Resident(s) without notice to the undersigned and without affecting in any way whatsoever the liability of the undersigned, may at any time and from time to time, change the provisions, covenants, and conditions of the Lease Agreement, including, without limitation, the time or performance of any acts on the part of Resident(s) to be performed. The undersigned further agrees that the Owner/Agent may, without notice, assign this Guaranty in whole or in part. The undersigned agrees that all of their obligations under this Guaranty are independent of the obligations of Resident(s) under the Lease Agreement and that separate actions may be brought against the undersigned whether or not an action is commenced against Resident(s) under the Lease Agreement. This Guaranty will continue to be in full force and effect even it Resident(s) assigns obligations under the Lease Agreement, or subleases the premises to any successor or assignee. In the event Resident(s) comprises more than one individual, Owner/Agent shall comply with laws governing mutuality and seek similar Guarantors for each individual. This will not, however, limit Guarantor s liability to any arbitrary portion of the obligations of Resident(s) as a whole. In the event that any action or proceeding is brought to construct or enforce the terms and conditions of this Guaranty or to determine the validity thereof, then the party prevailing in such action or proceeding shall be entitled to recover all court costs and reasonable attorney s fees in an amount to be fixed by the court and taxed as costs therein, and reasonable fees and expenses incurred in enforcing any judgment. This Guaranty shall ensure to the benefit of and shall be binding upon, the respective successors and assigns of the Owner/Agent named in said contract, and of the undersigned. In witness whereof, the undersigned has executed this Individual Guaranty on the date set forth below. Date: Owner/Agent: Printed Name: Address: City, State, Zip: Phone Number: Signature: Page 6 of 6