Rental Application

Thank you for your interest in becoming a resident of ERGS Properties! When renting our apartments we consistently abide by the following guidelines:

We are an equal opportunity housing provider. We fully comply with the federal Fair Housing Act. We do not discriminate against any person because of race, color, religion, sex, handicap, familial status, national origin, or ancestral heritage. We also comply with all state and local fair housing laws.

 

Apartment Availability Policy. Apartments become available when they are ready to rent. A vacant apartment will not be deemed available to rent or view until it has been prepared and cleaned for a new resident.

Occupancy Guidelines. To prevent overcrowding and undue stress on plumbing & other building systems, we restrict the number of people who reside in an apartment. In determining these restrictions, we adhere to all applicable fair housing laws.

Application Process. We evaluate every apartment application in the following manner. A prospective resident(s) must submit a rental application and answer all of the questions on the form. Each applicant or married couple must pay a $35 nonrefundable application fee. Once we have received the completed rental application and the appropriate application fee, we will run a credit report, and verify income and rental references. Based on the information we receive, a point value will be assigned to the following rental criteria: credit, income, and rental history. The applicant?s overall score (0-10) will determine whether the applicant is approved/denied, requires an additional security deposit or co-signer, or qualifies for a Move-In Special (if offered at that time). We will rent available apartments to applicants in the order that their applications are approved. Corporate applications & related fees may be handled differently.

Rental Criteria. All applications will be scored based on the following criteria:

Credit (0-5 points). Point values for credit are determined by the applicant?s FICA score. If there is more than 1 applicant the FICA scores will be averaged. An applicant with a FICA score of 700 or above is automatically approved. An applicant with a FICA score of 550 or below will be required to pay a higher security deposit. Applicants will be denied if they owe any monies to a utility company, landlord, or property management company.

Income (0-3 points). Point values for income will be determined by monthly gross income. Applicants must provide documented proof of income. Wages earned, social security/pension dispersions, and child or alimony supports are considered income. Income values exceeding 2.5 times the rent will receive 3 points. Income values below 1.75 times the rent will result in denial of application or request for 6 months of rent paid in advance.

Rental History (0-2 points). Rental history must be obtained from a landlord, property management Co., or mortgage Co. Rental verifications cannot be given by a relative. Good rental history of more than 1 year will receive 2 points. Below 6 months receives 0 points.

Co-signer All co-signers must pay the $35 application fee and undergo the same application process. A co-signer must have an overall score at least 9 points based on the above rental criteria. No Exceptions!