RESIDENT SELECTION CRITERIA

NON-DISCRIMINATION

Silton Group, LLC. (Management) operates in accordance with the Federal Fair Housing Act, as well as all state and local fair housing and civil rights laws.  We do not discriminate against any person based on race, color, religion, gender, national origin, age, sex, familial status, handicap, disability, veteran status, or any other basis protected by applicable state or local laws.  The Rental Criteria below outlines some of the policies for this community with regard to standards that are required by each applicant in order to be approved for residency.

Identification

All visitors must present a valid state or other government-issued photo identification in order to view the community.

Qualifying Standards

Rental History:  Twenty-four months of positive rental and/or mortgage payment history is required and will be verified on present and previous residence.  A positive record of prompt monthly payment, sufficient notice, with no damages is expected.  For applicants who are homeowners, permission must be granted to verify payment history with the bank or lending institution if there is a mortgage.  Negative rental history is described as any damages owed, rental-related debt as described above, and/or evictions filed within the past eighty-four months.

Credit History:  Positive credit is defined as having a minimum credit score of A or B unless covered by SB267.  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 within the past forty-eight months.  If an applicant is rejected for poor credit history, the applicant will be issued an adverse action letter containing the name, address and telephone number of the credit-reporting agency that provided the credit report.  Upon request, a copy of the report will be issued to the applicant.  An applicant rejected for unsatisfactory credit is encouraged to correct any erroneous information that may be on the report and resubmit an application to this community.

Applicant must not have any criminal or civil misconduct convictions for crimes considered harmful to people or property (unless exempted by local law).

Income:  Applicants must have a gross income source that can be verified and is at least 2 times the monthly rent of the apartment being leased.  Acceptable income verification required may include (but it is not limited to) two current pay stubs, an offer letter from the employer within thirty days of employment, the most recent W2, proof of government payments (such as social security, disability, or other government income), retirement income, investment income, previous years tax returns, etc.

Bank Accounts:  Applicant must show three months of one or more bank accounts with a combined balance that exceeds five times the monthly rent on an ongoing basis,

Co-Signers:  Co-Signers may be accepted for applicants who have not been rejected for Rental History or Credit History reasons but may not be able to show sufficient Income.  Co-Signers may also be accepted for applicants who do not have an established credit history, including foreign applicants.  Co-Signers must live in California and are subject to the same screening process as applicants to show financial ability and credit history to qualify for renting in the community.

Application fee per adult including for Co-Signer, if applicable, is $45.00 payable prior to running application.