What do The Augusta Apartments look for in regards to credit, to qualify me for an apartment home?
Your application will be evaluated for Credit in good standing, the requirements are 50% positive credit. Failure to meet this requirement will require an additional deposit or Guarantor. Foreclosures, tax liens, or judgement(s) within the past one (1) year, will result in a declined application.
How much income is required to qualify for an apartment Home?
You must provide current income verification of three (3) times the amount of the monthly rental rate for the selected unit.. Income verification must include one of the following: provide a copy of your most recent pay stub showing YTD earnings; written verification from employer(s) that includes rate of pay or salary; financial statement certified by financial institution or an accountant, etc. Alimony, child support, student allowances from parents, scholarships, study subsidies..
Is my Rental History part of the qualification process?
Good current and/ or previous rental history and/or proof of ownership of at least two (2) years is required of all applicants. Negative rental history: which reflects more than three (2) late and/ or NSF payments in a twelve (12) month history. All evictions, community disturbances, damages or outstanding obligations to a landlord will be declined.
What information can I provide to you, in order to qualify as a Foreign National?
Foreign Nationals living or working in United States must provide a current passport and income verification as required above. If negative credit or rental history is reported by a credit source, the above criteria will apply.
What do you look for when running Criminal Background?
All applicants over the age of 18 are subject to criminal records verification and will be declined rental if they have been convicted of a felony or are subject to deferred adjudication for a felony. In addition any applicant over the age of 18 will be declined if they have a misdemeanor charge, but not limited to; drug possession, sale, manufacture, moral turpitude and any violent crime against a person. Violent misdemeanor crimes against a person, in the past 100 years, will be declined. Persons with only 1 DUI/DWI may be accepted if all other areas are satisfactorily met, (more than 1 will be declined).
What if I do not have any Rental History?
If you have not acquired Rental History, you are still eligible to Lease an Apartment Home. You still have to qualify with the remainder of the Rental Criteria.
SURE DEPOSIT:
What is Sure Deposit?
SureDeposit is an alternative risk management tool that replaces a traditional security deposit with a surety bond. This bond protects a property against financial losses due to lease violations, while significantly lowering residents’ move-in costs. The first of its kind, SureDeposit is the market leader in security deposit alternatives, with more than 1,500,000 apartment units under agreement in over 4,500 communities nationwide.
Who is behind SureDeposit?
Who is behind SureDeposit?SureDeposit, part of Assurant Specialty Property, is a leading provider of renter insurance programs to the multifamily housing industry. We develop, underwrite, market and administer programs through collaborative relationships with leading property management companies
