Madison Park Resident Selection Criteria

 

EQUAL HOUSING / FAIR HOUSING: Arbour Valley Communities is an Equal Housing Opportunity Provider.  We are committed to the compliance of the Federal Fair Housing Act by not engaging in discrimination based on race, color, religion, sex, national origin, familial status, and/or disability. We provide housing in accordance with all state and local laws. We do reserve the right to have different policies at our different communities.

APARTMENT AVAILIBILITY: Applications for apartment homes will be accepted on a first come – first serve basis and are subject to the availability of the requested apartment type. “Availability” does not necessarily mean that an apartment will be guaranteed available for occupancy by an applicant at the estimated date. Circumstances not necessarily under management’s control could delay the date of availability of an apartment. This could include the move out date of the current resident if the apartment is not vacant.

Rental Criteria: The following explains our policy as to standards required to reside at Madison Park Apartments as managed by Arbour Valley Communities.

Application:  Rental applications must be processed for all prospect leaseholders 18 years of age and older. All persons to be listed as an occupant that are 18 years of age or older must complete an application from which a criminal history background will be completed. A non-refundable application fee will be required for each application.

Age: Lessee must be an “adult” as defined by the laws of the state where the dwelling is located, unless otherwise required by law

Income/Employment: All applicants (leaseholders) will need to provide proof of employment for 12 months.  Income needs to be 3 times the rental rate of all leaseholder’s gross income. Proof of income is required.

  • Currently employed – 2 most recent pay stubs or offer letter
  • Self-employed, Unemployed, or Retired – documentation of income, assets, and/or funding required (i.e.: prior year tax records, social security, disability)
  • Leaseholders are required to show a combined gross income of 3 times the amount of rent

Credit History:  Arbour Valley uses a third-party company to evaluate credit worthiness. Items that can impact the ability to lease include:

  • A judgment /suit not remedied
  • A credit obligation which is three months or more delinquent
  • A personal pending bankruptcy
  • A foreclosure of real estate
  • A repossession of material or personal property
  • Owing money to another landlord or utility
  • Minimum credit score of 550

CRIMINAL HISTORY. All prospective leaseholders and occupants 18 years old and older must submit an application for a criminal history check and verify their criminal history at Management’s request. The application of occupancy of any person may be denied at any time based on their criminal history or behavior, at Management’s discretion. Criminal history for which Management will deny applications or occupancy includes, but is not limited to:

  • Felony records within the last 10 years not limited to, but including drug, property, theft, violent crimes, weapons, and DUI.
  • Misdemeanor records within the last 7 years not limited to, but including drug, property, theft, violent crimes, and weapons
  • This requirement does not constitute a guarantee or representation that residents or occupants currently residing in our community have not been convicted of or subject to deferred adjudication applicable law. There may be residents or occupants that have resided in the community prior management taking place.  Additionally, the ability to verify this information is limited to the information made available to us by the resident credit reporting services used.
  • Arbour Valley Communities maintains a strict policy prohibiting sex offenders from residing within or visiting our communities.  This community reserves the right to investigate lists of registered sex offenders in any manner including online, in newspapers, or by contacting state agencies including lifetime sex offender registration check in all states where applicant household members have resided or by using a database that checks against all state registries, e.g., the Dru Sjodin National Sex Offender Database.

LEGAL RESIDENCY: All applicants and prospective occupants must provide appropriate verification of their lawful presence in the United States. Residents just relocating to the United States must provide a current copy of their credit report translated into English. Additionally, provide proof of employment.

Fees/Deposits: A non-refundable application processing fee will be required for each application to cover the cost of credit and criminal history reports, application processing and administration in the form of a money order or cashier check.  Once application is approved a Security Deposit will be required to hold the apartment until move in date.  This deposit may vary based on credit worthiness, but not to exceed an amount equal to one month’s rent and is due within 3 days of application approval. If application is approved, but applicant fails to pay monies due or sign lease/take occupancy by agreed upon date, management may retain the deposit as liquidated damages and lost rent.

MAXIMUM OCCUPANCY:  2 persons per bedroom or 2 persons in a studio apartment. 2 persons in a 1-bedroom apartment. 4 persons in a 2-bedroom apartment. 6 persons in a 3-bedroom apartment. Infants (persons under 24 months of age at the time of lease or renewal) will not be counted in determining occupancy.

Flotation furniture/water tanks: Acceptable on first floor only, with proof of insurance and Management’s written approval prior to occupancy.

Pets (if applicable): A pet fee is required (maximum of two pets per home) and must be paid in full prior to move-in.  In addition, pet rent is required per pet. Pets will be subject to visual inspection and MUST be approved by management prior to move in. Resident(s) agree to comply with all community policies and will be required to sign a separate Pet Addendum. Breed restrictions do apply.  Animals including but not limited to rodents, reptiles and other exotic animals will not be accepted.  Accommodations can be made in advance for disabled person’s support animals. Requests are reviewed on a case-by-case basis.

 

COMMUNITY POLICIES. All residents and occupants agree to abide by the policies for health, safety and living enjoyment at the community.