Terrace Heights Rental Criteria
Residential Qualification Criteria
Prior to applying, please be sure to contact property to confirm availability of unit. Once confirmed, please be sure to apply within two hours of confirmation.
Valid rental history is a written lease or month-to-month agreement.
If rental history is less than 12 months then an increased deposit -OR- cosigner may be requested. 2 or 3 late payments, NSF checks and/or noise complaints within 12 months may result in an increased deposit. Final recommendation will also be dependant on credit history, income and employment.
If derogatory credit history (excluding medical and student loans) is in excess of $100 an increased deposit -OR- cosigner may be requested. If a foreclosed mortgage is reporting an increased deposit -OR- cosigner may be requested. Final recommendation will also be dependant on income, rental & employment history.
Final recommendation will also be dependant on rental & credit history and income
If income is less than 3 times the rental amount but more than 2.5 then an increased deposit may be requested. Final recommendation will also be dependant on rental, credit & employment history.
SECTION 8 APPLICANT CRITERIA:
All Section 8 applicants are required to meet the same criteria as stated above, with the exception that the applicant only needs to meet income requirements for their portion of the rent. Recommendations will be made following the above set standards.
- Verified unpaid eviction showing on credit report or confirmed with landlord.
- Unpaid rental collection verified on credit report.
- Balance owing to landlord.
- 4 or more late payments and/or NSF checks and/or noise complaints within a 12 month rental period (current and/or previous).
- Unverifiable social security number.
- Falsification of rental application.
- Breaking lease agreement that will result in collection filing.
- Income that is less than 2.5 times the rental amount
Verified name and date of birth match of pending offenses and/or criminal conviction as follows:
Murder (1st and 2nd degree) Kidnapping (All counts)
Manslaughter (1st degree) Theft (1st & 2nd degree)
Assault 1st, 2nd & 3rd degree) Burglary (1st, 2nd degree & vehicle prowling 1st degree)
Robbery (1st & 2nd degree) Malicious Mischief (1st degree)
Rape (All counts) Arson (1st, 2nd degree & Reckless Burning 1st degree)
Child molestation (All counts) Delivery or Sale of illegal substance(s) (All counts)
Rape of a child (All counts) Possession with intent to Deliver Illegal Substance (All counts)
Outstanding criminal warrant Any Terror Related Activity
Any criminal conviction which results in a registered sex offender requirement and/or any current sex offender registry requirement.
A criminal records search will be performed for felony and misdemeanor offenses. All felony and misdemeanor offenses must be disclosed on the rental application.
Valid Photo Identification will be required of all applicants.