RENTAL CRITERIA

Welcome to -26-Villas Las Mandarinas DE, LLC, a Greenwater Real Estate Management property. The following rental criteria are compiled to ensure that -26-Villas Las Mandarinas DE, LLC is your BEST MOVE.

Greenwater Real Estate Management is an equal housing opportunity provider. All visitors must present a valid driver’s license or other photo identification to view the community.  Other acceptable forms of identification are: Valid state issued ID card, valid Military ID card, a valid Passport or a US Immigration and Naturalization Services issued VISA.  A copy of all applicant’s photo IDs will be made and retained at time of move-in.  All applications for apartment homes 1) will be accepted on a first come-first served basis 2) are subject to the availability of the apartment type requested 3) will be approved by complying with the rental criteria listed below 4) require the receipt of the application fee, pet fees (if applicable) and deposits.  Rental applications are to be completed entirely.  Any omissions or falsifications may result in rejection of an application or termination of lease and forfeiture of administration fee. 

Our rental application process consists of two stages.  The first stage of this process is to verify your rental, employment, and credit history.  After you have been approved as an applicant for this first stage you will be subject to a criminal background check (stage 2).  Applicants who are not approved will be notified in writing Pursuant to the Fair Credit Reporting Act.

Stage 1 Criteria

All applicants must comply with the following prior to occupancy:

• Applicants must be of legal age (18 years or legally emancipated) and each applicant must complete an application and meet all rental criteria.
• All applicants are required to execute the lease agreement and each applicant is individually responsible for the total amount of the rent.
• All proposed apartment occupants must be listed on the application. Applicant must not have more than two persons in a studio apartment, two persons residing in a one-bedroom apartment, and not more than four persons in a two-bedroom apartment.
• The total of all the Applicant (s’) gross monthly income must be at least 3 times that of the monthly rental payment. Those having a gross income of less than three (3) times the monthly rental payment can only qualify with the assistance of a valid guarantor. 
• Rental history may be verified on present and previous residence. A positive record of prompt monthly payment, sufficient notice, with no damages is expected.  Evictions, Skips, or Money Left Owing to a Landlord within three (3) years of application date or falsification of this application may result in an automatic rejection.  Neither guarantors nor additional security deposits will not be accepted for negative rental history.  Pursuant to the Fair Credit Reporting Act, applicants declined due to negative history reflected on their credit report will be notified in writing. 
• Applicant must have six months of consecutive, verifiable employment. If self-employed, retired, or disabled, the applicant must provide a photocopy of their tax return from the previous year, a financial statement from a CPA verifying their employment and income, or photocopies of their three most current bank statements illustrating the ability to pay rent, plus verifiable proof of self-employment, retirement, or disability.  Those who lack such employment history will not be approved.
• A credit report will be pulled on each applicant. An unsatisfactory credit report can disqualify an applicant from renting an apartment home at this community.  An unsatisfactory credit report is one that reflects past or current bad debts, late payments or unpaid bills, liens, judgments, or bankruptcies.  Persons declined for no or poor credit history may qualify with a higher administrative fee. Pursuant to the Fair Credit Reporting Act, applicants declined due to poor credit history will be notified in writing.
• Applicant must submit all application fees, administration fees, pet fees (if applicable) and deposits in the form of cashier’s check, or money order only.
• Each applicant is required to pay individual application fees.
• If Pets are allowed, pet fees are required at move-in for residents with pets. Refer to the Pet Addendum for specific rules regarding pets at this community. Animals trained to assist blind, deaf, or other disabled individuals are always permitted.
• Applicants understand that they will not be able to occupy or take possession of an apartment unit until all supporting paperwork is complete and signed by all parties.

Stage 2: Criminal Background Check

A criminal background check will be run on all Applicants.  An applicant may be automatically denied in the event the applicant(s) has been convicted of a felony or misdemeanor for any crime listed below.  The applicant(s) may receive a denial if they have had an adjudication of a felony within the past years for any crime listed below.  An automatic denial will also occur should an applicant appear on the list of known terrorists and wanted fugitives as provided by the Office of Foreign Asset Control (OFAC), federal agencies to include the FBI, or other state and local law enforcement agencies.  The applicant agrees that the lease shall be terminated in the event the applicant, after moving onto the property, is convicted of any of the crimes listed below, and/or appears on the list of known terrorists, wanted fugitives, or national sex-offender database. Note: This requirement does not constitute a guarantee or representation that residents or occupants residing at this apartment community have not been convicted of a felony or are not subject to deferred adjudication for a felony.