| 1. |
Positive Credit: established credit with good
payment history on Apartment Village's and Normandy Arms CBT report. |
| |
- Denial: no credit, poor credit rating, bankruptcy or any
falsification |
| 2. |
Positive Employment: $15,000 minimum annual
income |
| |
- Denial: pending lay-off or employment termination, no verification
or any falsification |
| 3. |
Positive Residency: positive report of lease
compliance, rental amount per month, good payment history. |
| |
- Denial: poor payment history, eviction or requested move-out,
complaints of noise or damage, unsuitable family composition or any falsification(Our
occupancy code allows 4 persons in a two-bedroom apartment.) |
| |
| A. |
The application fee is $35.00 non-refundable (NR) for each person
18 years and older, unmarried or $35.00 (NR) per married couple. Each
person 18 years or older living at Apartment Village must have his/her
name on the lease. |
|
| B. |
A Co-signer (Guarantor) may be an option if an applicant does not
meet with the Positive Credit Criteria (No. 1) only. The applicant
must meet the remaining Criteria (Nos. 2 and 3) in order to be approved
for residency. The Cosigner must complete an application, pay the
application fee and be fully approved by management. |
|
| C. |
The Early Termination Policy applies to all circumstances: The Resident
pays a $125.00 Administrative Fee and rent until apartment is re-rented.
On a monthly basis, Apartment Village leases its vacant apartments
first. |
|
| D. |
A Security Deposit of $300.00 will be required upon move-in for each
unit.
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Heugel Realty, Inc. 2008