Qualifications & Requirements for Rental Property

In order to assist you with your decision on your new home, we are providing a list of guidelines used to qualify applicants for residency in our communities. Nothing contained in these requirements for rental property shall constitute representation by The Madison Real Estate Group that all residents and occupants currently residing in our communities have met or currently meet these guidelines. Qualification standards include but are not limited to the following criteria.

Requirements for Rental PropertyIDENTIFICATION

Applicants must present a valid government issued photo identification card for each person age 18 years and older that will be residing in the unit.

INCOME

All applicants must have a combined verifiable source of income in accordance with current guidelines but no less than 2 1/2 times the rental rate. If an applicant has no income, a guarantor must be obtained or the applicant may be denied.

RENTAL HISTORY

Six months of verifiable rental history must be satisfactory. All applicants with an eviction history will be denied. Less than six months rental history may result in the requirement of an additional deposit, guarantor or denial.

CREDIT HISTORY

Our credit reporting agency evaluates credit and rental history against indicators of future rent payment performance. An unsatisfactory finding may result in the requirement of an additional deposit, guarantor, or denial.

GUARANTORS

If a guarantor is needed, he/she must meet the entire qualifying criteria as presented above. All guarantors must have a verifiable source of income in an amount no less than five (5) times the rental rate. A guarantor may be accepted for lack of rental history, lack of credit, or lack of income. The guarantor must pay an application processing fee, sign the Guarantor Addendum, reside in the United States, and may be subject to criminal screening.

CRIMINAL HISTORY

Our investigation includes criminal background screening. It is possible your application may be denied due to criminal convictions or charges.

OCCUPANCY

The maximum number of residents permitted to dwell in an apartment shall not exceed (2) occupants per bedroom. The only exception to occupant limitations is anyone protected as familial status under Federal Fair Housing Guidelines. In this case, we will allow 2 persons per bedroom, plus one additional person in the apartment home. {/slide}

PETS

Pet restrictions vary at each community. If you have a pet, please see your leasing representative for more information.

RENTAL RATES AND LEASE TERMS

Original rental rate quotes will be honored for two (2) business days. The rental rate quote is associated with the apartment’s availability at the time of your quote, move in date, and lease term requested. Any revisions or changes to the time of the quote, your move-in date, or lease term may require a revised quote which may result in a different monthly rental rate.

For additional Information Contact leasing@madisonreg.com

The Madison Real Estate Group, Inc. and the Owner 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, or disability, and any other local laws protecting specific classes.

In addition, The Madison Real Estate Group, Inc. and the Owner are committed to compliance with the Americans with Disabilities Act by allowing the modification of existing premises for reasonable accommodations at the expense of the disabled person, if the disabled person agrees to restore the premises at their own expense to the pre-modified condition provided the modification would not affect the use and enjoyment of the premises for future residents.

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