2. THE RENTAL APPLICATION FEE IS NON-REFUNDABLE:  The rental application fee of Thirty Five Dollars ($35.00) is non-refundable.  Because there are no exceptions, it is important that you review this document carefully before submitting an application, making certain that, to the best of your knowledge, you meet the rental qualifications stated.  Then if you wish to apply, we will accept your application and the non-refundable application fee.  A rental application must be completed by each applicant, without comissions or falsifications.  False information given on an application will entitle Oakmonte Apartment Homes, LLC to reject the applicant, or in the case where a lease has been signed, terminate the lease agreement.  An applicant may be rejected for violent felony or violent criminal convictions.

3. MAXIMUM NUMBER OF RESIDENTS IN AN APARTMENT HOME:

1. A maximum of two persons may reside in a one bedroom apartment home.
   
   
2. A maximum of four persons may reside in a two bedroom apartment home.
   
   
3. A maximum of six persons may reside in a three bedroom apartment home.
   

The following qualification standards for rental of an apartment home apply to all applicants of Oakmonte Apartment Homes, LLC:

4. PHOTO IDENTIFICATION:  At the time you are shown an apartment home at Oakmonte, all persons viewing the apartment will be required to show valid photo identification.  Acceptable identification includes a driver's license, passport, and/or state-issued photo identification card.

5. ADDITIONAL OCCUPANTS RESIDENTS WILL MUST BE NAMED ON THE LEASE:  Every occupant of the Apartment Home must be named on the lease and every occupant of the Apartment Home 18 years or older must meet all the same screening criteria as the primary applicant(s).  Dependant children or minors living in the apartment homeApartment Home must be named on the application and lease as an additional occupant(s).

6. CO-APPLICANTS:  All co-applicants must qualify for seventy five percent (75%) of the total income requirement for the requested apartment.  If one co-applicant does not qualify under this requirement, the non-qualifying co-applicant may be listed as an additional resident occupant if the other applicant becomes the primary applicant and meets one hundred percent (100%) of the total income requirements as set forth herein.

7. INCOME:  Total monthly household gross income (before taxes) must be at least 2.5 times the amount of the monthly apartment rent.  The applicant will be required to provide written proof from the applicant's employer to support the amount of income the applicant claims on the rental application.  If such proof is not available, Oakmonte Apartment Homes, LLC may accept as proof the pay stubs for at least six consecutive months of employment, Federal Income Tax Returns from prior year(s), and/or other proof deemed acceptable by Oakmonte Apartment Homes, LLC.  A guarantor will not be accepted as a source of income whether supplemental or primary.  Allowances from parents, scholarships, study subsidies and/or other inconsistent income such as commissions or tips will not be considered as verifiable income.  Alimony and/or child support will be considered verifiable income provided such alimony and/or child support is pursuant to a Court Order.

8. EMPLOYMENT:  Applicants must provide proof of current employment.  If the applicant has changed employment in the past six months, the applicant will need to show a minimum of six consecutive months of verifiable employment with one employer in the past 12 months.  Length of employment must be verified by either supervisory personnel or by the Human Resources Department of the applicant current and past employers.

9. SELF-EMPLOYMENT / RETIREMENT:  If the applicant is self-employed or retired, the applicant must provide proof of income and/or the ability to pay rent for the term of the lease by furnishing copies of federal income tax returns filed for the past two years, or a current certified financial statement, and/or photocopies of the applicant's three most recent bank statements.

10. CREDIT HISTORY:  An extensive, negative credit history is grounds for the denial of the application.  Negative credit history includes but is not limited to any of the following:

1. Any judgment not remedied and/or any foreclose of real estate not included in bankruptcy;
   
   
2. More than two credit or installment accounts that have been past due for more than 90 days within the past 12 months;
   
   
3. More than two accounts that are currently in collection; any open collection account from a utility, telephone service, or cable company;
   
   
4. Any repossession of material or personal property that is not being repaid, except when part of a bankruptcy, separation, or divorce;
   
   
5. Any lawsuit pending or not remedied for the collection of a personal debt;
   
   
6. Any personal bankruptcy within the past five years that has not been discharged;
   
   
7. More than two NSF (insufficient funds) checks within the past 12-month period.
   

The absence of a credit file or negative credit history as defined herein is grounds for denial of the application. If the applicant's risk predictor score is 180 points or above the applicant will be approved with employment verification. If the applicant's risk predictor score is between 160 and 179 points the applicant will be approved with employment verification, however the applicant will be required to pay an additional damage/rent deposit of Three Hundred Dollars ($300.00) in addition to the standard damage/rent deposit in effect for the requested apartment size at the time the applicant makes application. If the applicant's risk predictor score is 159 points or below the applicant will be not be elligiable for residency.

11. RENTAL HISTORY:  Any negative rental history is grounds for the denial of an application.  Negative rental history includes but is not limited to the following:

Any breach of a lease agreement unless the applicant can provide documentation of proven negligence on the part of the management and/or owner of the property.  This documentation must be acceptable to the management of Oakmonte Apartment Homes, LLC.

In the past 12 months, no more than 10 percent of rental payments and/or any rental-related debt – including payments agreements and judgments – shown as late pays or NSF (insufficient funds) checks.

Any other objective evidence of negative rental history, such as excessive damage to premises or numerous noise complaints.

The following standards apply uniformly to all residents of Oakmonte Apartment Homes, LLC:

12. CRIMINAL HISTORY:  A history of any of the following by any resident or occupant is grounds for the denial of an application for housing at Oakmonte Apartment Homes, LLC:

1. Any conviction of a felony which involved bodily harm or molestation of a child.
   
   
2. Any conviction of a felony within the past seven years which involved injury to a person or property.
   
   
3. Any conviction for the distribution or manufacturing of any controlled substance.
   
   
   
4. Any conviction within the past five years involving illegal use or possession of a controlled substance.
   
   
5. Any current illegal user or addict of a controlled substance.
   
   
6. Anyone whose tenancy would constitute a threat to the health or safety of other individuals or whose tenancy would result in a substantial physical damage to the property of others, or whose tenancy would interfere with the peaceful and quiet enjoyment of the premises.
   

13. VEHICLES:  Although garages are sometimes thought of as storage areas, the garages at Oakmonte Apartment Homes were not designed solely for storage, but for parking vehicles off the streets of the community.  Because each garage accommodates one vehicle and is included with most apartment homes, only one motor vehicle is permitted in the drive or parking areas.  Motor vehicles must be parked in the garage (if provided), driveway or designated parking areas.  No recreational vehicles, boats, buses, campers, motor homes, multi-axeled trucks, or vans or vehicles with company lettering will be allowed to be parked on the premises.

14. PETS:  We are a cat-friendly community with a maximum of two cats per apartment.  Additional charges and deposits apply to residents with cats.  Except in the case where an animal has been professionally trained and certified to assist a disabled resident, no other pets or animals of any kind are allowed on the premises either with the tenants Residents or their visitors.

In keeping with our policy of confidentiality and privacy for our residents, we do not discuss individual credit reports with an applicant.  If you would like to discuss or dispute anything in your credit report, you will need to contact First American Reporting Services, 5625 Ruffin Road, Suite 200, San Diego, California 92123, (888) 333-2413.  If you have any questions about this policy, please ask to speak to the Oakmonte Community Manager.