RENTAL REQUIREMENTS AND QUALIFICATIONS
A Housing Application must be submitted by each person 18 years of age or older who will be occupying the rental unit. To obtain residency in the community, each Applicant must meet the following Rental Requirements and Qualifications. “Applicant” is defined as the person who will be signing the Lease Agreement as the “Resident.” “Guarantor” in these criteria is defined as the person who will sign the Guaranty Agreement.
The following constitute current Rental Requirements and Qualifications. Nothing contained in these requirements shall constitute a guarantee or representation that all Residents currently residing in the community, including the roommates that will occupy the rental unit with any Resident, have met these requirements. There may be Residents or occupants who have applied to reside in the community prior to the stated requirements taking effect. We are not responsible and assume no duty for obtaining criminal history checks on any Residents, occupants, guests, or contractors in the community.
To reserve your rental unit, you must also sign a Lease Agreement. The Lease Agreement is a binding contract between you and Landlord. Your Lease Agreement will not be executed by Landlord until all qualifications are met, your criminal history is verified, and your Housing Application is approved. If your Housing Application is denied, the Lease Agreement will not be executed by Management and you will forfeit all non-refundable fees paid at the time of application. Only deposits will be refunded on denied applications.
You acknowledge that you have full understanding that the Lease Agreement is only binding once your Housing Application has been approved. There is no stated or implied guarantee of housing until your Lease Agreement has been executed by Landlord.
IDENTIFICATION REQUIREMENTS
Applicants and Guarantors must present a valid government issued photo identification card and a valid Social Security number. Applicants and Guarantors who are citizens of another country must provide the following: (1) a passport, (2) the document that entitles the Applicant to be in the United States through the term of the lease, such as a visa, work authorization, or an I-20 verifying student status and proof of enrollment.
INCOME REQUIREMENTS
Applicant must earn an annual gross income equal to three (3) times the total rent installments as outlined on the first page of the Lease Agreement and must have qualifying credit history. Applicant must have held that employment for at least one (1) year prior to the Housing Application date. Proof of income must be supplied via two (2) recent pay stubs, four (4) if paid weekly, two (2) most recent bank statements, financial aid award, I-20, tax records or court documents. If the Applicant cannot prove income and does not meet the qualifying credit history, the Applicant must have a Guarantor sign a Guaranty Agreement, guaranteeing Resident’s obligations under the Lease Agreement. The Guarantor must meet the stated income and credit history requirements. Any Applicant who cannot prove income and qualifying credit history, and cannot provide a Guarantor, must pay the sum of first and last rental installment on the first installment due date as listed on the first page of the Lease Agreement.
CRIMINAL HISTORY
Criminal history which indicates that an Applicant’s tenancy would constitute a direct threat to the health or safety of other individuals, or whose tenancy would result in substantial physical damage to the property of Landlord or others, will result in denial of the Housing Application. Such criminal history may include, but is not limited to, felony conviction, serving felony-deferred adjudication, sexual assault or other sex related crimes, drug violations, the sale or manufacture of illegal drugs, certain property crimes such as arson, crimes against persons, burglary or theft.
CREDIT HISTORY
Information about the Applicant and Guarantor, and the Applicant’s and Guarantor’s credit experiences, such as bill-paying history, the number and type of accounts, late payments, collection actions, outstanding debt, and the age of the accounts is collected from a credit application and credit report. A credit scoring system awards points for each factor that helps predict who is most likely to repay a debt (or in this case, fulfill the lease). A total number of points—a credit score—helps predict how creditworthy you and your Guarantor are, that is, how likely it is that you or your Guarantor will make the payments when due. Credit history which indicates unpaid tax liens, unpaid civil judgements, unpaid rental housing debt, or unpaid evictions, will result in denial of the Housing Application. No verifiable credit history may require an additional deposit.
OCCUPANCY GUIDELINES
Maximum occupancy is established at one (1) person per bedroom for all persons not of a familial status. Familial occupancy is not to exceed two (2) persons per bedroom.
For bedrooms designated as “double occupancy” bedrooms, maximum occupancy is established at two (2) persons per bedroom for all persons not of familial status. Familial occupancy for persons with an infant under twenty-four (24) months of age or a pregnant person shall not exceed two (2) persons per “bed space” within the “double occupancy” bedroom.
American Campus Communities adheres to the Fair Housing Law (Title VIII) of the Civil Rights Act of 1968 as amended by the Housing and Community Development Act of 1974 and the Fair Housing Amendment of 1988 which stipulate that it is illegal to discriminate against any person in housing practices because of race, color, religion, sex, national origin, disability, familial status or any other class protected by law.
ACKNOWLEDGEMENT
If you fail to answer any question, or if you have given false information: (1) we are entitled to reject this application; (2) we will retain all processing fees and deposits as liquidated damages for time spent and expenses; (3) we will terminate any right to lease the bedroom; and (4) if you have signed a lease, it will be a violation of the lease.
This Housing Application will be approved only upon confirmation of a satisfactory criminal background check and verification that all Rental Requirements and Qualifications have been met.
By my submission of this Housing Application, I attest that the information contained herein is correct and that I have read and understand the Rental Requirements and Qualifications and agree to all terms. Management is authorized to verify both my criminal and credit history and all other information submitted for the purpose of the Housing Application.
Screening Services provided by: Resident Check 28925 Fountain Parkway Solon, OH 44139 1-800-321-8770
RENT/INSTALLMENTS
Rates/installments do not represent a monthly rental amount (and are not prorated), but rather the total base rent due for the lease term divided by the number of installments. Rates/installments, caps, fees and utilities included are subject to change.