Common use of QUALIFICATION GUIDELINES Clause in Contracts

QUALIFICATION GUIDELINES. You must obtain a Personal Guarantor that meets or exceeds the above stated guidelines. You and your Guarantor(s) are required to provide a valid Social Security Number. If you or your guarantor(s) do not have a Social Security Number, you may qualify for residency by providing a copy of your passport or other government issued photo identification and paying the equivalent of two times your monthly installment on the Lease prior to move-in, which shall be treated as an additional security deposit. By signing this Lease, you promise to provide the information required by this Section within 10 days of the day you sign this Lease or before the Starting Date, whichever is shorter. If you fail to provide this information then we will have the option, but not the obligation, to declare this Lease in default and market the Premises you have contracted, as described on the first page of this Lease, to others. You will be under default per Section 17 and will be responsible for the cost to market the Premises and be liable for any loss suffered by us due to your failure to comply with this section. In the event you have submitted an Application in connection with this Lease, Resident acknowledges that Landlord has relied upon the Application as an inducement for entering into this Lease and Resident warrants to Landlord that the facts stated in the Application are true to the best of Resident's knowledge. If any facts stated in the Application prove to be untrue, Landlord shall have the right to terminate the tenancy immediately and to collect from Resident any damages, including reasonable attorney's fees as provided herein to the extent permitted by applicable law, resulting therefrom.

Appears in 1 contract

Samples: Individual Lease

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QUALIFICATION GUIDELINES. You must obtain a Personal Guarantor that meets or exceeds the above stated following guidelines: 1) has secured full time, permanent employment with a monthly income of at least three (3) times the amount of the Monthly Installments, as outlined on the first page of this Lease; 2) has held that employment for at least one (1) year prior to your application date; and 3) we must be able to verify they have a satisfactory rental history. You and your Guarantor(s) are required to provide a valid Social Security Number. If you or your guarantor(s) do not have a Social Security Number, you may qualify for residency by providing a copy of your passport or other government issued photo identification and paying the equivalent of two times your monthly installment Base Rent on the Lease prior to move-in, which shall be treated as an additional security deposit. By signing this Lease, you promise to provide the information required by this Section within 10 days prior to the expiration of the day you sign this Lease any term rates or specials offered to you, or before the Starting Date, whichever is shorter. If you fail to provide this information then we will have the option, but not the obligation, to declare this Lease in default and market the Premises you have contracted, as described on the first page of this Lease, to others. You will be under default per Section 17 and will be responsible for the cost to market the Premises and be liable for any loss suffered by us due to your failure to comply with this section. In the event you have submitted an Application in connection with this Lease, Resident acknowledges that Landlord has relied upon the Application as an inducement for entering into this Lease and Resident warrants to Landlord that the facts stated in the Application are true to the best of Resident's knowledge. If any facts stated in the Application prove to be untrue, Landlord shall have the right to terminate the tenancy immediately and to collect from Resident any damages, including reasonable attorney's fees as provided herein to the extent permitted by applicable law, resulting therefrom.

Appears in 1 contract

Samples: Individual Lease

QUALIFICATION GUIDELINES. You must obtain a Personal Guarantor that meets or exceeds the above stated following guidelines: 1) has secured full time, permanent employment with a monthly income of at least three (3) times the amount of the Monthly Installments, as outlined on the first page of this Lease; 2) has held that employment for at least one (1) year prior to your application date; and 3) we must be able to verify they have a satisfactory rental history . You and your Guarantor(s) are required to provide a valid Social Security Number. If you or your guarantor(s) do not have a Social Security Number, you may qualify for residency by providing a copy of your passport or other government issued photo identification and paying the equivalent of two times your monthly installment Base Rent on the Lease prior to move-in, which shall be treated as an additional security deposit. By signing this Lease, you promise to provide the information required by this Section within 10 days of the day you sign this Lease or before the Starting Date, whichever is shorter. If you fail to provide this information then we will have the option, but not the obligation, to declare this Lease in default and market the Premises you have contracted, as described on the first page of this Lease, to others. You will be under default per Section 17 and will be responsible for the cost to market the Premises and be liable for any loss suffered by us due to your failure to comply with this section. In the event you have submitted an Application in connection with this Lease, Resident acknowledges that Landlord has relied upon the Application as an inducement for entering into this Lease and Resident warrants to Landlord that the facts stated in the Application are true to the best of Resident's knowledge. If any facts stated in the Application prove to be untrue, Landlord shall have the right to terminate the tenancy immediately and to collect from Resident any damages, including reasonable attorney's fees as provided herein to the extent permitted by applicable law, resulting therefrom.

Appears in 1 contract

Samples: Individual Lease

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QUALIFICATION GUIDELINES. You will either (i) provide information so we may verify that 1) you have secured full time, permanent employment with a monthly income of at least three (3) times the amount of the Monthly Installments as outlined on the first page of this Lease; 2) you have held that employment for at least one (1) year prior to your application date; and 3) we must be able to verify that you have a satisfactory rental history; or (ii) you must obtain a Personal Guarantor that meets or exceeds the above stated guidelines. You and your Guarantor(s) are required to provide a valid Social Security Number. If you or your guarantor(s) do not have a Social Security Number, you may qualify for residency by providing a copy of your passport or other government issued photo identification and paying the equivalent of two 1.5 times your monthly installment on the Lease prior to move-in, which shall be treated as an additional security deposit. By signing this Lease, you promise to provide the information required by this Section within 10 days of the day you sign this Lease or before the Starting Date, whichever is shorter. If you fail to provide this information then we will have the option, but not the obligation, to declare this Lease in default and market the Premises you have contracted, as described on the first page of this Lease, to others. You will be under default per Section 17 and will be responsible for the cost to market the Premises and be liable for any loss suffered by us due to your failure to comply with this section. In the event you have submitted an Application in connection with this Lease, Resident acknowledges that Landlord has relied upon the Application as an inducement for entering into this Lease and Resident warrants to Landlord that the facts stated in the Application are true to the best of Resident's knowledge. If any facts stated in the Application prove to be untrue, Landlord shall have the right to terminate the tenancy immediately and to collect from Resident any damages, including reasonable attorney's fees as provided herein to the extent permitted by applicable law, resulting therefrom.

Appears in 1 contract

Samples: www.parkplacetempe.com

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