RESIDENT SELECTION CRITERIA Sample Clauses

RESIDENT SELECTION CRITERIA. If your credit does not qualify, or the Verification of Rental History cannot be obtained, you may still be approved with a Risk Mitigation Fee and the higher, 1.5 times the rent Security Deposit.

RESIDENT SELECTION CRITERIA. If your credit does not qualify, or the Verification of Rental History cannot be obtained, you may still be approved with a Risk Mitigation Fee and Advanced Rhino Policy. All lease transactions involve risk. To mitigate this risk for both Landlord and tenant, Service Star Realty routinely videotapes the condition of properties before and after each tenancy, ending most security deposit claim disputes before they begin. Credit history should show that the Applicant has paid bills on time and does not account for write- offs or collections. Offering approval to a prospective tenant based upon a total credit score below 600 involves a higher inherent risk to the Landlord and the property manager. Service Star Realty can offer applicants with a lower than 600 credit score an opportunity to rent by offsetting the monetary risk for the owner and management company. Average Credit Score (all Adults) Risk Mitigation Admin Fee Rhino Policy 600-850 None SSR Standard Rhino Policy 550-599 $300 SSR Advanced Rhino Policy 300-549 Will be declined Dealing with Multiple Applicants: A risk mitigation fee will be assessed based on the AVERAGE FICO score of all adults. Applicants who do not have a FICO score may be assigned a score of 500. We cannot provide you with the credit report or tell you of its contents; however, we will provide you with the name of the credit reporting agency so you may receive a copy of it from the credit bureau. All information collected for the approval or denial of this application is considered confidential for company use only.

RESIDENT SELECTION CRITERIA. I/We understand that it is our responsibility to read and understand the income and eligibility restrictions for this development as well as the outreach policies set forth by the City and County of San Francisco Mayor’s Office of Housing and Community Development. [Developer to insert a resident selection criteria document for MOHCD review and approval in addition to completing the section below. The resident selection criteria must also incorporate references to the Fair Chance Ordinance and how criminal background checks will not be used until after all other qualifications have been reviewed.]

RESIDENT SELECTION CRITERIA. 10.1 Such residential selection policies or criteria that are consistent with the Project Documents and approved by DHCD in writing.

RESIDENT SELECTION CRITERIA. All adult applicants over the age of 18 including and limited to guarantor(s) must submit a fully completed, dated and signed rental application along with the non-refundable application fee of $50.00 for each adult applicant. Applicant may be required to be approved by a condo/homeowner's association and may have to pay an additional application fee or an additional security or damage deposit. Application fees, deposits, and all move-in fees must be remitted in the form of money orders or certified funds. (CASH NOT ACCEPTED). • Valid current photo ID documentation (driver’s license, passport, military ID or State ID) is required. • One year (12 months) or more of verifiable work history required and if transferred from outside the area, a letter of transfer on company letterhead required confirming transfer. • Applicants must have a combined gross income of at least three times the monthly rent. Income must be verified in writing, applicant must provide current pay stub and company business card of employment. We reserve the right to require a co-signer. A minimum of two years residential history is required. • Credit history and or Civil Court Records must not contain slow pays, judgments, eviction filing, collections, liens or bankruptcy within the past 3 years. In the case of bankruptcy, the court must release this. • Non-employed individuals must provide proof of income. Self-employed applicants are required to produce upon request 2 years of signed tax returns or 1099s and three (3) months bank statements. • All sources of other income must be verifiable if needed to qualify for a rental unit. This includes Disability Assistance. • Criminal records must contain no convictions for felonies within the past seven years and no sexual offenses ever. In the event a record comes back "adjudication withheld" further documentation may be required and applicant may be denied on this basis. • Previous rental history reports from landlords must reflect timely payment, sufficient notice of intent to vacate, no complaints regarding noise, disturbances or illegal activities, no unpaid NSF checks, and no damage to unit or failure to leave the property clean and without damage at time of lease termination. • No pets (with the exception of medically necessary pets) of any kind are permitted without specific written permission of in the lease document, an addendum to lease, a non-refundable pet fee acceptable to landlord and/or an additional pet deposit or additional s...