RENTAL QUALIFICATION GUIDELINES
Central Texas Castles (hereafter referred to as “Management”) does business in accordance with federal and state fair housing laws. Management does not discriminate against any person because of race, color, creed, religion, sex, natural origin, disability or family status.
APPLICATION AND APPROVAL PROCEDURES:
Each applicant 18 years and older must submit a separate application and non-refundable $40.00 single application fee or a $50.00 joint application fee. All application fees must accompany a completed Texas Apartment Association (TAA) application form and applicant fees are paid in full to the office by check, money order, cashier check, debit or credit card before said application will be processed. Applicant must also submit an application deposit based on the size of the apartment desired. Leasing office will provide you with deposit amounts per property. Upon approval of the application, the application deposit is considered to be the rental deposit and is maintained by the management. This deposit is refunded upon lease termination and proper evacuation of the premises by all occupants minus any lawful deductions.
EMPLOYMENT AND INCOME: Following are the minimum procedures which will be used to verify employment prior to approval of the application. In order to qualify as leaseholder, your gross monthly income must be at least three (3) times the amount of the projected rent for the property which applicant desires to lease. Applicant must provide Management with proof of any additional income (e.g. child support, alimony, social security, disability payment, dividends, etc.) which assist in meeting the qualifications.
Management will verify job title, rate of pay and length of employment or will provide management with written proof of employment that will verify job title, rate of pay and length of employment within two (2) business days of application submittal. This written proof of employment will be signed by the official at the applicant’s place of work who is directly responsible for official employment information provided to local, state and federal agencies.
If Military, the applicant will provide a current LES (DFAS form 702). Self-employed or retired, applicant will provide Management with copies of your bank statements for the past six months or copies of the first page of their Federal Income Tax return for the last two years. They will need to provide this information within two (2) business days of initial application submittal.
Management may require a TAA Lease Guarantor Agreement from qualified guarantors only when necessary. I agree to provide Management with this documentation within two (2) business days of initial application. Lease Guarantor and applicant must come in together to meet with management.
RESIDENTIAL HISTORY: The applicant will provide Management with the necessary information and phone numbers to verify a minimum of six months of residencies. Favorable residential history will indicate that you have fulfilled all prior financial commitments. If the applicant qualifies as a full-time student or has no prior rental or home ownership history, then the TAA Lease Guarantor Agreement from a qualified guarantor may be acceptable to meet his/her requirement.
CREDIT HISTORY: A review of the applicant’s credit history is authorized. The most current credit report must show that at least 50% of the accounts reflected on it have had a favorable status within the last twelve (12) months. Favorable status means no more than two (2) late payments reported, neither of which can be more than 45 days past due.
CRIMINAL HISTORY: Applicant must authorize and agree to allow Management to pull a criminal history background report on each application. Applicant must understand that applications with known derogatory criminal history, violent or sex crime committed by any applicant or by other occupants (including children) will be denied rental opportunities.
IN SELECT UNITS ONLY, PETS THAT ARE 25LBS OR LESS ARE ALLOWED WITH A SIGNED PET ADDENDUM, A PET DEPOSIT OF $350.00 AND A PET FEE OF $200.00 NON-REFUNDABLE PER PET AND NO MORE THAN 2 PET PER UNIT. SOME PROPERTIES ARE NO PETS ALLOWED.
Satellites are allowed with a signed Satellite Agreement and a satellite deposit of $100.00 BEFORE satellite dish can be installed. Location must be preapproved by Management.
OCCUPANCY STANDARDS: In the absence of federal guidelines, legislation, and judicial case law on what constitutes a “reasonable occupancy standard for families” under fair housing laws, Management has established the following standards, in compliance with guidelines set by the Texas Commission of Human Rights:
Maximum occupancy per unit
One-bedroom No more than two (2) residents/occupants
Two-bedroom No more than four (4) residents/occupants
ROOMMATES: Each roommate is fully responsible for the entire rental payment and each roommate must read and sign the lease agreement. Each roommate must complete a rental application and pay a rental application processing fee.
NEWBORN INFANTS: For leasing purposes, newborn infants under the age of one (1) year are not defined as residents or occupants. At the time of lease expiration, if a newborn has become older than (1) year such causes the residents/occupants to exceed the maximum occupancy limit for the property; the resident (s) will be given the choice of
- Giving a 30-day written notice and vacating the apartment.
- Remaining in the apartment on a month-to-month basis until a larger unit becomes available. Resident will pay the applicable month-to-month fee of $100.00 in addition to market rent.
APPLICATION’S STATEMENT OF UNDERSTANDING
Successful processing of this application is very much dependent upon my cooperation and honesty. In the event that I voluntarily withdraw my application, my application fee and applicant deposits will be non-refundable and used to cover liquidating damages cited in paragraph 5 of the application.