Linden Lane Apartment Homes LLC
Residential Qualification Criteria
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. Final recommendation will also be dependant on credit history, income and employment.
If derogatory credit history (excluding past due/foreclosed mortgage) is in excess of $2000 an increased deposit -OR- cosigner may be requested. Final recommendation will also be dependant on income, rental & employment history.
Less than 12 months with current employer or not in same field may require an increased deposit or cosigner. Final recommendation will also be dependant on rental & credit history and income.
If income is less than 3.5 but more than 3 times the rental amount then an increased deposit may be requested. Income that is less than 3 times the rental amount may require a qualified cosigner. Final recommendation will also be dependant on rental, credit & employment history.
COSIGNER QUALIFICATION CRITERIA:
A cosigner will be APPROVED if all the qualification below is met, if the cosigner does not meet any 1 of the following criteria then the cosigner will not qualify.
RENTAL HISTORY: 1 year of valid and verifiable rental or mortgage history with no late payments
CREDIT HISTORY: At least 4 accounts in good standing for 1 year with less than $2000 in derogatory credit
EMPLOYMENT: 12 months with current employer or previous employment in same field of work
INCOME: 4 times the rental amount of the unit in verifiable, garnishable income
GROUNDS FOR DENIAL WILL RESULT FROM THE FOLLOWING ON ALL APPLICANTS:
Verified eviction showing on credit report or confirmed with landlord.
Rental collection verified on credit report
Balance owing to landlord
3 or more late payments and/or NSF checks and/or noise complaints within a 12 month rental period. (less than 3 may require an increased deposit)
Unverifiable social security number
Falsification of rental application
Breaking lease agreement that will result in collection filing
We do not automatically deny applicants based on criminal history. Rather, criminal history is considered based on the nature of the offense and time passed since the date of final disposition (e.g. applicant was released from prison, probation or parole). We limit consideration to those convictions, the dates of final disposition of which pre-date the report by no more than seven years. Note that convictions for the following offenses may result in denial:
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 (All counts)
Rape of a child (All counts) Possession with intent to Deliver (All counts)
Outstanding criminal warrant Any Terror Related Activity
Any criminal conviction which results in a registered sex offender requirement and/or any 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.
We do NOT accept comprehensive reusable tenant screening reports