Statement of Rental Policy / Qualification Acknowledgement

In order to assist you with your decision on your new home, we a providing a list of guidelines used to qualify residents for residency in our community. Nothing contained in these requirements shall constitute representation for by Broadway Oaks Apartment Homes Management staff that all residents and occupants currently residing in our community have met or currently meet these guidelines.

FAIR HOUSING STATEMENT. Amanda Gardens Apartments , it’s Owners and Fresh Meadows REI Management staff are committed to compliance with all federal, state, and local fair housing laws. It is our policy to comply with all laws prohibiting discrimination, including those that prohibit discrimination based on race, color, religion, national origin, sex, familial status, disability or sexual orientation.

1. Applicants must present a government issued photo identification card for all persons age 18 years and older that will be living in the apartment.

APPLICATION AND FEE. A separate rental application must be completed, dated and signed by each applicant and any individual over the age of 18. All individuals 18 years of age, or legally considered to be an adult by law if not living with a legal guardian, are required to be made party to the lease. Spouses may complete one application. A non-refundable application fee of 45 dollars per adult and unit deposit are required at the time an application is submitted. If your application is approved, a 60-dollar admin fee will be required and must be paid at the time of move in.

OCCUPANCY. Unit occupancy shall not exceed 2 persons per bedroom. Children younger than six months are not considered occupants in determining this factor of eligibility. The company will comply with applicable laws that require higher or lower occupancy ratios.

INCOME. All applicants must have a combined source of income in an amount no less than THREE (3) times the market rental rate. Acceptable sources of income may be any of the following: Three (3) most current paycheck stubs. If applicant is starting a new job, the future position and salary must be verified in writing via an offer letter on company letterhead and effective on or before the proposed move-in date. If applicants are self-employed or receive money from non-employment sources, proof of income through: (1) a copy of the previous year’s tax returns, (2) a financial statement from a CPA verifying income, or photocopies of three (3) most current bank statements illustrating the ability to pay rent through the entire lease term. (other income may mean, but is not limited to, alimony/child support, trust accounts, social security, unemployment, welfare, grants/loans).

RENTAL HISTORY. Less than satisfactory rental history including, Evictions and/or Outstanding debt to a previous landlord may result in an automatic denial.

CREDIT HISTORY. Our screening agency evaluates credit, debt to income and rental history against indicators of future rent payment performance. Any unsatisfactory finding may result in the requirement of an additional deposit, non-refundable risk fee, guarantor or denial.

GUARANTORS. Are only accepted for full time students. All guarantors must have a combined source of income in an amount no less than six (6) times the market rental rate. If a guarantor is needed, they must meet the entire qualifying criteria as presented herein. The guarantor must pay an application processing fee and sign the Guarantor Addendum.

CRIMINAL HISTORY. A criminal background screening will be conducted for all applicants including Felony and Misdemeanor convictions and charges. The following offenses including; Deferred, Convictions, Charges and Sex Offender Registrants will result in automatic denial.

• CRIMES AGAINS PERSON involving Kidnapping, and Sex related (non-registered): Felony convictions within 50 years and charges pending trial within 5 years, Misdemeanor convictions within 10 years and charges pending trial within 5 years.

• CRIMES AGAINST PROPERTY involving Burglary, Motor Vehicle Theft, Counterfeiting, Embezzlement, Extortion, Fraud, Robbery, Stolen Property, Destruction of property: Felony convictions up to 8 years and charges pending trial up to three years.

• CRIMES AGAINST SOCIETY involving Obstruction of the Law, Disorderly conduct, Drunkenness, DUI, Liquor Law, Pornography, Prostitution, Traffic, Trespassing, Drugs, Weapons. Peeping Tom convictions up to 5 years and charges pending trial up to 3 years.

• OFFENSES INVOLVING DRUG/NARCOTIC SALE Felony convictions with 8 years, charges pending trial within 5 years, Misdemeanor convictions within 6 years, charges pending trial within 3 years.

• CRIMES THAT ARE PERMENANTLY BARRED: Sex Offender Registrants, Arson, Destruction of property, crimes involving Assault or Homicide, offenses involving drug/narcotic manufacture.

PETS. All pets require a 300-dollar non-refundable pet fee, per pet. Pet rent is 25 dollars per month, per pet. We are required to meet your pet prior to accepting your application. Certain breeds and sizes cannot be accepted.

We rely upon a “Rental Score” to estimate the relative financial risk of leasing an apartment to you. In addition to estimating the risk, rental scores are an objective and consistent way of reviewing relevant applicant information and help to speed the application approval process.

How is my rental score determined?

Rental scoring systems assign points to certain factors identified as having a statistical correlation to future financial lease performance. Your rental score results from a mathematical analysis of information found in your credit report, application data, and previous rental history. Such information may include your bill-paying history, the number and type of accounts that you have, collection actions, outstanding debt, and the number of inquiries in your consumer report. The final number, or rental score, represents and estimates level of risk as compared to the performance of other consumers in a range of scores. Because your rental score is based upon real data and statistics, it is more reliable than subjective methods or evaluating your information. Rental scoring treats all applicants consistently and impartially. Additionally, your rental score never uses certain characteristics like – race, color, sex, familial status, handicap, nation origin, orientation or religion as factors.

What can I do to improve my rental score?

Your rental score may change based on the changes of the underlying information. The total improvement, however, generally demands on how that factor relates to other factors considered by the scoring system. Nevertheless, to improve your rental score, concentrate on paying your bills on time, paying down outstanding balances, and not taking on new debt.

NOTIFICATION OF DENIAL OR CONDITIONAL APPROVAL

You have a right under the Fair Credit Reporting Act to receive a free copy of your consumer report from National Tenant Network, LLC, the reporting agency used by Broadway Oaks Apartment Homes to evaluate your background information if the request is made no later than 60 days after you receive notification of denial or conditional approval. In evaluating your application, information obtained from or through National Tenant Network, LLC, which may include credit information from one or more of the credit bureaus or consumer reporting agencies, may have influenced Broadway Oaks Apartment Homes decision in whole or in part. These consumer-reporting agencies and/or credit bureaus DID NOT make the decision take adverse action and are unable to provide specific reasons why adverse action was taken.