Rental Qualification Criteria and Acknowledgement

Thank you for your interest in Samford Square. In order to assist you with your decision on your new home, we are providing a list of criteria we use to qualify applicants for residency at our community. Each applicant must meet the criteria outlined below. A separate rental application must be completed by all prospective residents and co-residents 18 years of age or older, and guarantors.

Qualification standards include but are not limited to the following criteria:

AGE: All persons 18 years of age and older, who will reside in the apartment must fully complete, date and sign a separate application. Residents 18 years of age or older must be listed as a leaseholder.

INCOME: Applicant(s) must have a verifiable source of income. Prospective residents wishing to qualify without a guarantor must be able to show a gross monthly income amount that is at a minimum of three (3) times the monthly installment amount. If unemployed or a full-time student, self-employed, or retired, applicant must provide other sources(s) of verifiable, regularly scheduled income. Examples include: student loans, financial aid, trust funds, I-20, current offer letter for employment/employment verification, copies of last two consecutive payroll check stubs with YTD total showing at least two months of employment, previous year W-2 or 1099 accompanied with copies of the last three (3) consecutive bank/financial statements demonstrating monthly deposits. Self-employed must provide previous year’s personal income tax return and most current three months of personal bank statements as evidence of sufficient income of at least three (3) times the market rent amount of the apartment. Lease Holder(s) that hold a job that is based mainly off tips, bonuses or commissions will be considered self-employed.

CREDIT: All applications are submitted to third-party credit services that obtain consumer credit reports from consumer credit reporting agencies and evaluates credit and rental history against indicators of future rent payment performance. An unsatisfactory finding may result in the requirement of an additional deposit or denial. If your application is denied or is approved with conditions, the community will provide you the name, address and telephone number of the consumer reporting agency which provided your consumer information.

CRIMINAL BACKGROUND CHECK: A criminal background check on each rental applicant will be obtained and used as part of the qualifying criteria at this community.

GUARANTORS: Individuals wanting to apply as a guarantor must be able to show a total or combined gross monthly income amount that is equal to four and a half (4.5) times the monthly rent installment amount. If unemployed, self-employed or retired, guarantor(s) must provide verifiable source(s) of regularly scheduled income (Examples: retirement, trust fund, investment dividends, completed tax return) that will cover four and a half (4.5) times the monthly rent installment amount or liquid assets that will cover four and a half (4.5) times the entire term value of the lease.

AUTOMATIC DENIAL OF RESIDENCY:

a) Misrepresentation of information on application b) Previous eviction by landlord c) Unresolved debt at an apartment community/landlord or mortgage holder

Samford Square and 3rd Group Properties, LLC is committed to abiding by the Federal Fair Housing Act prohibiting discrimination in housing based on Race, Color, Religion, Sex, National Origin, Handicap/Disability, Familial Status and any additional Protected Class defined by local law.

I have read and acknowledged the rental qualification criteria outlined above will be used to approve or deny the application(s).