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1st Lake Properties Statement of Rental Policy

Equal Housing

Non-discrimination on basis of race, color, religion, sex, handicap status, family status or national origin is the comprehensive policy of this company.

Application Fee

Before an application can be processed, an “Application Fee” in the amount of $35.00 is charged for each applicant and $25.00 for each Occupant 18 years of age or older. All requirements must be met within seven (7) days or a new application fee must be paid. Application fees are non-refundable.

Application

To be completed by each applicant 18 years of age or older without omissions or falsifications. A copy of a valid US Driver’s license or valid US government issued photo I.D. must be submitted as proof of identity. All applicants must be 18 or over to contract. Any occupant 18 years of age or older must complete an application for criminal screening purposes and submit a copy of a valid US government issued photo I.D. If any individual applicant or occupant has been declined because of a criminal record, the entire application is considered declined and residency will be denied to all applicants and occupants unless accepted individuals are qualified accordingly.

Qualifications

1st Lake Properties, Inc. uses the CoreLogic application screening process to review your consumer and criminal background. CoreLogic uses an empirically derived, statistically sound, scoring system to evaluate your consumer report. Scoring is based on real data and statistics, so it treats all applicants objectively. Your consumer report contains information about you and your experiences, such as your bill-payment history, the number and type of accounts that you have late payments, collection actions, outstanding debt, and the age of your accounts. A criminal background check will be processed on each applicant and occupant 18 years of age or older. Based upon your applicant score and criminal background your application will be accepted, rejected or accepted with conditions. If annual income is verified to be less than what was reported, by $1,000 or more, a new consumer report may be ordered. 1st Lake’s scoring system will be used when CoreLogic is unavailable to score an applicant. Verification of income, employment, rental history and criminal background is required in order to process your application through our system. Scholarships, government assistance, subsidies and/or inconsistent income such as alimony, commissions, tips, etc. will require verification. Income from unemployment benefits/assistance will not be accepted. If self employed, W-2’s, 1099’s or tax return is required. A copy of your last two (2) paychecks will be accepted.

Viewing Apartments

A minimum of one person in a party must show a valid US government issued photo I.D. prior to viewing an apartment as a safety precaution. An available made ready apartment or model will be shown. Management has a standard criterion that must be met before an apartment can be considered ready to show.

Residency

Depending upon factors including the nature, severity, and date of the criminal record, 1st Lake Properties reserves the right to deny any applicant on the basis of one or more criminal convictions, guilty plea, no contest plea, deferred adjudication and/or arrest.

Occupancy

Only two (2) persons per bedroom.

Possession of Apartment

Lessee will not be permitted to take possession of the apartment until all paperwork is completed and all monies due are paid in full. If Lessee takes possession of the apartment on or after the 20th of the month, the Lessee must pay the pro-rated rent plus the next month’s rent.

Electrical Service

Providing electrical service to the apartment is the sole responsibility of the Lessee. Electrical service must be scheduled prior to move-in, as service in the property name will be disconnected by the move-in date.

Other Vehicles

Boats, trailers, RV’s, etc. are not permitted (unless approved by management). Oversized commercial vehicles are not allowed in the parking lot overnight.

No Cash Policy

Cash is never accepted.

Rental Payment

The monthly rent is due on the first of each month. There will be a late fee after the third as per the lease agreement.

Security Deposit & Administrative Fee

Security Deposit and Administrative Fee must be paid in the form of a check, money order, cashier’s check or credit card at the time the application is taken before processing can begin.

Pet Fees

Pets are accepted at Lessor’s discretion. There is a separate deposit on pets and additional monthly pet rent. Should a pet be acquired after move-in, all current pet provisions must be adhered to. All service animals are excluded from the required pet deposit and pet rent.

Antenna & Satellite Dish Rules

Specific rules and regulations in the form of an addendum are necessary for the installation of an antenna or satellite dish.

Co-Signers

A co-signer, once approved, will be held financially responsible for any and all damages to the apartment, uncollected rents, deposits, or fees.