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STATEMENT OF RENTAL POLICY


Thank you for choosing our community, we require that each Applicant and adult occupant meet certain rental criteria. Before you fill out our Rental Application, we suggest that you determine whether you meet our requirements. Please note that the term "Applicant" provided below applies to all Residents to be identified on the Lease Contract and the person or persons to be responsible for paying the rent. Please note that these represent our current rental criteria; nothing contained in these requirements shall constitute a guarantee or representation by Owner prior to these requirements going into effect. Our liability to verify whether these requirements have been met is limited to the information we receive from the various credit reporting services used. All applicants must have a Social Security Number and will be approved on the following basis:

  1. All applicant(s) must be a minimum of eighteen (18) years of age or older. All occupants of the household eighteen (18) years of age or older must be listed as a lease holder. All applicant(s) must be able to provide a copy of their Social Security card.
  2. Occupancy Guidelines:
    One Bedroom - 2 occupants
    Two Bedroom - 4 occupants
    Three Bedroom - 6 occupants
  3. A Non-refundable application fee of $35.00 per adult, age 18 and older is required, and a separate holding deposit (money order made payable to AJH Management and only refundable if the application is denied) which will be applied towards the security deposit. This will hold the apartment for up to thirty (30) days. Additionally, this deposit is non-refundable if applicant (s) does not take the apartment.
  4. Employment Requirement: Employment will be verified. Verifiable income shall include income as confirmed by employer, trust officer, two (2) recent computerized pay stubs, or two (2) years tax returns, if self-employed.
  5. Income Requirements: 45% of Gross Verifiable Income must cover the monthly rent plus any monthly fixed obligations. If Applicants do not meet this guideline, Owner may look at other compensating factors (I.I Credit History, Length of Employment, or Rental History) in the approval process.
  6. Credit History: Credit history will be utilized to determine application approval. Negative credit history can affect the approval process of your rental application. In addition, any non-current accounts must have explanation clearing account. In addition, all outstanding public records or judgments must be cleared. Credit must not reflect any bankruptcies in the past two years. The Landlord reserves the right to deny your application if the above criteria is not met.
  7. Verifiable Rental History: It is your responsibility to provide necessary information that allows us to contact your past Landlords. You must have a history of paying your rent on time, no prior convictions, no history of default in lease obligations, and have given proper notice and must not owe any money to your Landlord. If we are unable to verify your previous Landlords and/or references, we reserve the right to deny your application.
  8. Pets: Pets are allowed with restrictions. 2 pet max. Dogs may not be on our dangerous breed list. Please ask for further details.
  9. Criminal Convictions: AJH Management is an avid supporter of Crime Free/Drug Free in Multi-housing. Applicant(s) with criminal convictions will be denied.
  10. Conditional approval: The above items will be utilized to determine approval of your rental application. The scoring system utilized by AJH Management allows for a conditional approval which may require a higher security deposit and/or co-signer for the rental lease agreement.

YOU WILL BE DENIED IF:
You misrepresent any information on the application. In general, if misrepresentations are found after the rental agreement is signed, your rental agreement will be terminated.

RENTAL AGREEMENT:
If you are accepted, you will be required to sign a Lease Contract in which you will agree to abide by the policies of this rental property. A copy of this contract is available for your review. Please read the Lease Contract carefully, as we take each and every part seriously. It has been written to protect the rights of both our Residents and the Owners of the community.

REQUIRMENT OF RENTERS INSURANCE:
AJH Management is requiring all residents upon move in to provide a copy of their renter's insurance policy declaration page. Resident's must be insured with at least $10,000 in personal property coverage and $100,000 in personal liability coverage. In addition, the property at which you reside must be listed as an additional insured or interested party on the policy. The renter's insurance policy must remain active throughout the term of the lease agreement. AJH Management is unable to hand out keys to your new apartment home should there be a failure to provide proof of an active renter's insurance policy.

FAIR HOUSING STATEMENT:
It is the policy of AJH Management and this rental community to treat all Current and Prospective residents in a fair, professional manner, without regard to race, color, religion, sex, familial status, handicap or national origin.

“THIS IS AN EQUAL HOUSING OPPORTUNITY COMMUNITY”

HOLD DEPOSIT:
I hereby agree to pay a holding fee of $100.00 for AJH Management to remove apartment #_____________ from the apartment availability list for 48 hrs.
I understand that the above $100.00 will be converted to a Security Deposit upon my/our move to the above apartment. I understand that this holding fee can only be refunded if I am declined, and that the holding fee will be non-refundable upon withdrawal of application for any reason.
I hereby agree to pay the security deposit of $______ for AJH Management to remove the above unit from the apartment availability list. I understand that the above amount includes $100.00 previously paid on ____/____/______ when the application was submitted.
I understand that the above will be converted to the unit held as a Security Deposit upon my taking possession of the above apartment. I understand that this deposit can only be refunded if I/we are declined, and that the security deposit will be non-refundable upon withdrawal of application for any reason.
I understand that the above deposit includes the following non-refundable redecoration fee, specific to the size of the unit we are leasing: $______.


PET FRIENDLY:
*Pet Fees: $250 1-time non-refundable deposit with a maximum of 2 pets per household. Monthly pet fee of $25 per pet.
*Breed Restrictions: No Rottweiler, American/Staffordshire/Pit-bull Terriers, German Shepherds, Akitas, Chows, Dobermans, Canary Dogs, Wolf Dog Hybrids or any mix of restricted breeds.

UTILITIES: Residents are responsible for all utilities. Electric and gas will be placed in the resident's name and payments will be made directly to PPL and UGI. Account information must be supplied to the leasing office prior to resident moving in and picking up keys. Water, sewer, trash and asset protect insurance will be paid directly to the leasing office in addition to your rent.
Water and Sewer: $33.50
Trash: $10.00
Asset Protect: $14.00
Cable television, Internet and Telephone are optional services that are the responsibility of the resident.

AMENITIES: Residents have the use of the swimming pool (for a seasonal fee) and fitness center (a $10 monthly fee for 24-hour access). Landscaping, lawn care and snow removal are included.

LIABILITY INSURANCE: Stonebridge Apartment Homes does not require that residents carry personal liability insurance, this is covered with the Asset Protect Insurance that is paid for to leasing office monthly. However, residents may choose to carry renters' insurance to cover damage to personal property should the need present itself.

LEASE TERM: 12 month lease with a month to month option once the 12 months have expired.


SECURITY DEPOSIT: (1) Full month's rent.


QUALIFICATIONS


INCOME: Household income must be at least 2.50 times the monthly rent. For example: Rent is $1,000 x 2.75 = $2,500.00 income per month, then x 12 months =$30,000.00 per year.

CREDIT HISTORY: Stonebridge Apartment Homes uses Transunion Credit Report to verify credit history for all future residents. With the information provided our leasing staff will be able to evaluate the relative financial risk of leasing a home in our community. Based on the information provided by the applicant, the application is entered into the system and screened.

RENTAL HISTORY: Transunion Credit also information provided to the system with regards to rental history. Any evictions or monies owed to previous landlords or rental communities applications will be automatically denied.

SELF-EMPLOYEMENT: Tax returns (including Schedule C) for a minimum of one year is required. Additional information may be requested such as business statements/projected schedules verified and signed by an independent source.

BANKRUPTCY: Open bankruptcies will automatically be denied.

CO-SIGNERS: Co-signers will be accepted to supplement income OR to enhance bad credit. They must meet the following criteria: Income must be 3 times the monthly apartment rent between co-signer and applicant. An additional application fee will be required for a co-signer.

By choosing "I Agree" and continuing to the application I understand and agree to all of the above information.


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