What is the resident selection criteria used in screening me for residency, including income, documentation, credit history, rental history and criminal history?
Income:
In general, income must average 3 times the monthly rent for prospective residents; however, those requirements may differ depending on source of income.
Applicants must have a gross income source that can be verified and meets the minimum income requirements for the apartment being leased. Except for applicants who receive or who will occupy an apartment unit that receives subsidies or voucher assistance, an applicant’s gross income must be equal to or greater than three times the monthly rent.
Applicants are required to provide income verification for their primary source of income (the main income used to qualify). Additional or secondary income documentation will be requested if the primary income cannot be verified or does not meet the income requirement.
Acceptable Primary Sources of Income Include:
-W-2 Employment: U.S. paystubs covering 28 consecutive days within the last 90 days
-Self-Employed/1099: 3 most recent bank statements showing consistent monthly deposits from the stated primary income source that meet the community’s rent-to-income requirement
-Retired: Social Security Benefits Letter
-App-Based or Gig Employment: Two most recent Cash App or PayPal statements
-New Employment: Offer letter with a start date within 30 days of move in
-Seasonal Employment: Two most recent paystubs and an employer letter confirming continued employment
-Other Income Sources: VA benefits, investment or portfolio accounts, IRS tax transcripts, or court-ordered income (e.g. alimony or child support)
Additional documentation may be requested if needed.
Credit History: Landlord may investigate and verify credit history. Landlord evaluates credit history information for indicators of future rent payment performance such as past or current bad debts, late payments or unpaid bills, liens, judgments or bankruptcies relevant to fitness as a tenant. Having a pending or outstanding amount owed to another rental property may be subject to automatic denial based on the time period and review criteria in effect.
An applicant rejected for unsatisfactory credit is encouraged to obtain a copy of the credit report from the credit reporting agency, correct any erroneous information that may be on the report, and resubmit an application. Landlord obtains applicant credit reports from:
Resident Verify
4205 Chapel Ridge Rd.
Lehi, UT 84043
Phone: 866-698-0661
Rental History: Information regarding payment and rental history of each applicant will be collected and reviewed by Landlord. Landlord may consider an applicant’s eviction record as part of Landlord’s evaluation of the Application.
Employment History: Landlord will confirm employment and reported salary/wage level.
Criminal History: Applicants and occupants will not be accepted if they do not satisfy Landlord’s criminal history background investigation authorized by the residency application. Landlord conducts the criminal history background investigation and uses the information obtained in compliance with all applicable laws. Landlord does not guarantee or represent that all residents and/or occupants currently residing at the community do not have criminal records.
Adverse Action: If Landlord denies an Application or takes any other adverse action, it will provide the applicant a written or electronic document setting forth a plain statement of all reasons for the denial of the application from residing within our communities.
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