RESIDENT SELECTION SCREENING CRITERIA

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1 110 N. Monmouth Ave. Suite 106 P.O. Box 159 Monmouth, OR RESIDENT SELECTION SCREENING CRITERIA A $45.00 NON-REFUNDABLE SCREENING CHARGE PER PERSON (18) YEARS AND OLDER WILL BE REQUIRED. This covers the cost of ordering a resident screening, a credit report, and a criminal report. Screening entails verification that each individual application meets our requirements, as listed in the following screening criteria. Screening criteria information outlines the qualifications and guidelines by which we determine to accept or reject an application. All listings are subject to change without notice by management. All specials require the resident to initiate a contract with the vendor prior to receiving the special. Before you begin completing the application, please review the following: APPLCATION PROCESS: 1. Select the rental apartment, home or duplex you are interested in 2. Complete the application on the designated form. Incomplete applications will delay the application process and may be returned to the applicant. Please advise Homestead Property Management if assistance is needed with your application. If you are non-english speaking applicant, we will be happy to work with a translator. 3. Pay the applicable non-refundable screening charge of $45.00 for each applicant and co-applicant eighteen (18) years and older. 4. Positive picture identification and verifiable social security number will be required. If you do not have a social security number, and are unable to provide verifiable rental history, an additional $2, deposit will be assessed. 5. Be prepared to wait three (3) to seven (7) business days, as the required reports and approvals take that long. 6. If, approved, and you accept the available rental dwelling, you will be required to sign a rental agreement or lease within one (1) week from approval date. At the times of the signing, you will agree to abide by all rules and regulations of the rental dwelling and pay the required deposits, fees and other applicable monies. 7. All move-in deposits and fees must be paid in personal check, cashier check(s), money order(s) or by a credit or debit transaction. NO CASH WILL BE ACCEPTED. 1

2 Please note: Credit Check and public/criminal report searches must be ran for each applicant eighteen (18) years and older. Co-applicants must meet and be approved by the same Resident Selection and Screening Criteria ****ATTITUDE AND BEHAVIOR DURING THE APPLICATION PROCESS WILL BE CONSIDERED AS PART OF THE ACCEPTANCE OR DENIAL OF THE APPLICATION**** GOOD CREDIT WILL BE REQUIRED CREDIT REQUIREMENTS: 1. Outstanding bad debt (i.e. Slow Pay, Collection, Bankruptcies, Repossessions, Liens, Judgments, and Wage Garnishments) reports by the credit bureau which is greater than $ but less than $ will require a security deposit equal to a full month s rent. 2. Outstanding bad debt reported by the credit bureau will result in denial. (See Expectations below.) 3. Exceptions: Exceptions may be considered when the debt is a verifiable medical expense, or the debt is a previous bankruptcy dated one year prior to the date of the application and no additional negative information has been reported since bankruptcy. In case of the exception, a double full security deposit will be required. Rental Requirements: 1. One year verifiable rental history and reference from a third party landlord is required. Roommates, family members and or/subletting parties do not qualify as third party landlords. 2. Students who are not financially independent who are requiring financial assistance from a parent/guardian and/or have no rental history will be required to submit the parent/guardian co-signer form. 3. Rental history that demonstrates residency, but not third-party rental history will require an additional security deposit equal to a full month s rent. 4. A co-signer may be required when the rental history does not meet the stated third-party landlord rental criteria, but residency can be verified with parents, student housing or military housing. 5. Five years of eviction free rental history will be required. 6. Rental history reflecting past due rent will be denied. An exception may be made if the previous debt has been settled and the third-party landlord would re-rent, in which case a security deposit equal to a full month s rent will be required. 7. Two or more NSF (Non-Sufficient Funds) checks within a period of one year will result in a denial. 8. Three or more Non-Payment of Rent Notices (72 Hour Notices) within one year will result in denial. 9. Rental history demonstrating documented noise or otherwise disturbance complaints causing the thirdparty landlord not to re rent will result in denial. 10. Rental history reflecting any money owing will result in denial. 11. Rental history reflecting damages as long as the debt has been settled could require an additional security deposit. 2

3 12. Home ownership will be verified through the county tax assessor s office. Mortgage payments must be current to reflect positive rental history. Homes ownership negotiated through a land sales contract must be verified through the contract holder. 13. Rent s Insurance is required upon approval. You will be required to provide proof of insurance when the rental agreement is signed. Application Requirements: Please read this information carefully in order to determine whether or not your applications may meet the Resident Screening and Selection guidelines and qualifications. GENERAL REQUIREMENTS: 1. Positive picture identification and verifiable social security number will be required. If you do not have a social security number, and are unable to provide verifiable rental history, an additional $2, deposit will be assessed. 2. A complete and accurate application listing a current and at least one previous rental reference with phone numbers will be required. Incomplete applications may be returned to the applicant. 3. Each application will be required to meet the Resident Screening and Selection Criteria individually. 4. Applicant(s) must be able to enter into a legal and binding contract. 5. Inaccurate, illegible, incomplete or falsified information will be grounds for denial of the application or termination of rental agreement upon discovery and deposit will not be refunded. 6. Any applicant found to be currently using illegal drugs will be denied. If approved for tenancy and later illegal drug use is confirmed, termination of tenancy will result and deposit will not be refunded. 7. Any individual who may constitute a direct threat to health and/ or safety of an individual, the complex or property of others, will be denied. INCOME REQUIREMENTS: 1. Applicant(s) monthly income should be between two (2) to three (3) times the stated monthly rent. 2. If monthly income does not meet the two (2) to three (3) times the monthly stated rent, an additional security deposit equal to a full month s rent, a qualified roommate, or co-signer will be required 3. 3 current paycheck stubs will be required 4. Self-Employed applicant(s) will be required to show proof of income through copies of the previous year s tax returns. 5. A source of verifiable income will be required for all applicant(s). Your application will be denied if your source of income cannot be verified. 6. Verifiable additional income may include: Alimony/Child Support Bank Account Funds Welfare Unemployment Trust Accounts Grants/Loans Social Security Benefits TANF/SNAP 3

4 Criminal Convictions: If you have additional sources of income listed on your application, Homestead Property Management will require you to present written official verification of this income through: Copy of Financial Air Award Letter Letter from AFS regarding benefits Notarized letter from parent/guardian Official Documentation of Social Security Benefits Housing certificate Self-employment copy of precious years tax return Court Documents stating alimony/child Support Amounts Upon receipt of the rental applications and screening charge, landlord shall conduct a search of public records to determine whether the applicant or any proposed tenant has any criminal convictions. A conviction or convictions for any felony or misdemeanor involving theft, dishonesty, assault, intimidation, prostitution, illegal drug activity, weapons, obscenity, sex crimes and or child sex crimes and related violations shall be grounds for denial of the rental application. Chronic Nuisance Violations: Applicants applying for rentals within the City of Monmouth will be searched through public records to determine whether the applicant or any proposed tenant has been found guilty of a chronic nuisance violation within the previous 120 days. The finding of a chronic nuisance violation within the previous 120 days shall be grounds for denial of the rental application. Occupancy Policy: 1. Occupancy is based on the number of bedrooms in a dwelling. A bedroom is defined as a space within the premises that is used primarily for sleeping, with at least one window and a closet space for clothing. 2. Two persons are allowed per bedroom. (Example: a two bedroom dwelling is allowed up two four occupants, two for each bedroom.) Disabled Accessibility: Homestead Property Management allows the existing premises to be modified at the full expense of the applicant/resident, if they agree to restore the premises to the pre-modified condition. An amount equal to the estimated cost of restoring the dwelling will be required prior to any remodeling taking place in/on dwelling. The monies will be placed in an escrow account. We Require: 1. The applicant to obtain the written approval of the landlord before making modifications 2. Reasonable assurance (in writing) that the work will be performed in a workmanlike manner. 3. Reasonable details regarding the extent of the work to be done. 4

5 4. Names of licensed and bonded contractors to be used. 5. Appropriate building permits/required licenses made available to landlord for review. Rejection Policy: If your allocation is rejected due to negative and adverse information being reported, you may: 1. Contact the company that supplied the information to discuss your application 2. Contact the credit reporting agency to identify who is reporting unfavorable information 3. Correct any incorrect information through the credit reporting agent as per their policy 4. Request the credit reporting agency to submit a corrected credit check to the appropriate screening company. 5. Upon receipt of the corrected information, your application will be reevaluated for the next available unit. Be advises, according to our general requirements: 1. Incomplete, inaccurate or falsified information will be grounds for denial 2. Any applicant currently using illegal drugs shall be denied tenancy 3. Any individual who may constitute a direct threat to the health and safety of an individual, or whose tenancy may pose a threat to the complex, or the property of others, will be denied. If your application has been denied and you feel that you qualify as a resident under the criteria set out above you should do the following: Write To: Equal Housing Opportunity Manager Homestead Property Management P.O. Box 159 Monmouth, OR In the letter explain the reasons you believe you application should be approved request a review of your file. Within 7 working days of receipt of you letter, you application file will be reviewed and you be notified of the outcome of the review. Pet Policy: 1. All pets and *service animals ( assistance animal, therapy animal, service animal, and companion animal ) must be approved by Homestead Property Management prior to being allowed on the premises. 2. No exotic or rodent type pets will be permitted. Approval includes proof of: Up to date vaccinations records, city or county registration, proof of renters insurance covering the animal and *related doctors note prescribing the service animal. If you have questions, please visit or call the Fair Housing Hotline at 800/

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10 TENANT BACKGROUND CHECK DISCLOSURE AND AUTHORIZATION I understand that Advanced Reporting will be preparing my Tenant Screening report and I authorize them to obtain consumer credit/criminal history information on me. I authorize my creditors and employers to release to Advanced Reporting all information necessary to complete said report. I further understand that use of a photocopy of this form may be necessary to verify one or more of my credit references. I authorize that use, and request of such a copy be honored fully. This consent is subject to written revocation at anytime except to the extent that action has been taken in reliance there on. In any event, this consent shall expire upon the conclusion of said report. Date: Applicant Name: Social Security #: - - Other names used: DOB: Applicant Signature: Co-Applicant Name: Social Security #: - - Other names used: DOB: Co-Applicant Signature: Property/Complex Name: You are REQUIRED to provide all previous residences with the last ten (10) years. Please list below each residence along with the dates of residence. Please use a separate sheet of paper if necessary, including your signature. Dates Address City State Zip