Dear Potential Resident(s),

We are pleased that you are considering living at one of our communities.  We want you to be aware of our rental policy, so please read carefully. All application who is 18 years old or over have to fill out an application

• The rental application must be filled out and all questions answered.   
• A $__50.00______ Non-refundable Application Fee is required at the time the application is filled out. If a guarantor is required, that person must also pay the fee separately.
• A $__100.00______ Non-refundable Admin Fee is required at the time the application is filled out.
•  

In order to qualify for renting an apartment, you must have the following:

• Only two (2) occupants per bedroom.  This means we will allow 2 people in a 1 bedroom and 4 people in a 2 bedroom.
• Good credit history 600 or above and if its below it will require a full month of rent as deposit. Co-Signer must make 5 times the rent income with credit score of 700. If the prospect does have a bankruptcy or an unacceptable percentage of bad accounts, they may be offered the option of obtaining a lease guarantor with qualifying credit or providing a security deposit equal to one month’s rent.  If an applicant does not have a social security number and no credit history is available, such as a resident alien, then the applicant may be offered the option of obtaining a lease guarantor with qualifying credit or providing a security deposit equal to one month’s rent plus last month’s rent in advance. 
• On a job for a minimum of 6 months and earn gross monthly income of (3) three times the monthly rent.  Gross monthly income must be verifiable from the source of income, such as an employer, check stub or tax return.  If an applicant does not qualify under this income test, they have the option of obtaining a qualified co-signer. 
• An excellent referral from your current and/or previous landlord. No evictions within 5 years. No collections from current/previous landlords. 
• An applicant will not qualify if they have been convicted of a crime which involved violence, threat of violence, property crimes against individuals (such as burglary, robbery, or theft), or moral turpitude (such as prostitution, drug trafficking or child pornography) and drug activity.
• Two (2) separate checks required - (1) for Rent (1) for Security Deposit.
•  Make all rental payments to the property you decided to rent from, only checks and money orders will be accepted.  NO CASH, NO EXCEPTIONS.
• The applicant must be 18 years of age. A Co-signor may be required at the management’s discretion. 
• Deposits are only refundable if you are denied.
• If you are approved for the apartment, you must:
• The security deposit and sign the lease agreement immediately to hold the unit (otherwise, it may continue to be shown).
• Once the security deposit is paid, the unit can be held for up to 30 days.  Within the 30 days, you must move into the unit and pay the first full month’s rent along with any proration for early move-in of 10 days or less. 
• If you back out after paying the security deposit, the security deposit will be forfeited after 48 hours.   

Thank you again for your interest in our property!

Lake Forest Apartments
(601) 825-3838
Lakeforest@astrategymgmt.com