Fair Housing Statement at Margarita Summit we believe that our residents always deserve to be
treated fairly. As an equal opportunity housing provider, Margarita
Summit provides housing opportunities regardless of race, color, national
origin, religion, sex, physical or mental disability, familial status or any
other classification protected by applicable federal, state or local law.
Rental applications must be processed
simultaneously on all prospective leaseholders 18 years of age and older. A
NON-REFUNDABLE Application Fee must be paid for each applicant 18 years of age
and older. All applications for residency
will be evaluated using the following criteria:
Identification A valid government photo ID is required for all applicants and occupants 18
years of age and older. The final
approval of applications requires all applicants to provide a valid, government-issued
photo identification prior to move in. All applicants must provide one or more
of the following in addition to a government-issued photo ID:
Valid Social
Security Card
Passport
Permanent
Resident Card
Visa
Occupancy Maximum number of persons per apartment: (5) person
maximum in a 2-bedroom floorplan and (7) person maximum in
a 3-bedroom floorplan. In the event of a change in household/family
status impacting the number of occupants, residents will have until the expiration
of the lease term to transfer to the appropriate apartment or vacate to comply
with occupancy limits.
Income Applicant(s) must be able to provide proof of income that
is lawful, verifiable income paid directly to a tenant or to a representative
of a tenant, or paid to a housing owner or landlord on behalf of a tenant,
including federal, state or local public assistance, and federal, state or
local housing subsidies, including, but not limited to, federal housing
assistance vouchers issued under section 8 of the United States Housing Act of
1937 (income from an OCCUPANT ONLY will not be included). Income verification must be provided prior to
the final approval and meet the following criteria:
Total household gross monthly income must be at
least three (3) times the amount of the monthly rent responsibility
Examples of income include, but are not limited to;
wages, salaries, tips, social security benefits, retirement, pension, child
support or alimony payments, qualified housing assistance, scholarships and
grants.
Savings and brokerage accounts in applicants name
may be considered in lieu of active employment with verification of bank
balances totaling at least three times the annual rent.
Proof of Income: Written Proof of income must be provided in one
or more of the following forms:
Two recent pay stubs from current employer with YTD
Offer letter from employer with prior year W2
LES most recent
Self Employed: Two most recent complete Federal income tax returns
(signed), if sole proprietor, include two most recent Federal Schedule C
indicating self-employment income; if corporation or partnership attach two
most recent K-1 statements showing owner share of cash distributions from your
business and two months bank statements showing deposited income supporting tax
return.
Cash reserves: Copies of three most current statements from at least
one banking or investment institution showing cash reserves or direct deposits.
Award letter from school financial office
Court orders alimony or child support payments with proof of
payments
Vouchers administrated by qualifying public housing agencies
Proof of government payments (e.g. welfare, disability, social
security, etc.)
Proof of retirement income (pay stub or 1040 or 1040A tax forms)
Consumer Credit Report the community uses an independent credit reporting
agency, RealPage Inc. to obtain and evaluate your consumer credit report. Your
consumer credit report contains information about you and your credit
experiences, including but not limited to such items as your bill-payment
history, the number and type of accounts that you have had late payments,
collection actions, outstanding debt, and the age of your accounts. RealPage
Inc. may also obtain, review and evaluate other relevant criteria about you,
including but not limited to information regarding any judgement in an unlawful
detainer action that was previously entered against you as well as previous and
current rental history where available. Based on the information you provided,
an evaluation of your consumer credit report and any other relevant
criteria, RealPage Inc. applies a score to your application. Based on the score received your application
will either “pass”, “pass with conditions” which will require an additional
security deposit as permitted to be paid; or “fail”. If RealPage Inc. makes a recommendation of
“fail” or “pass with conditions”, you will be given the name, address and
telephone number of RealPage Inc. and of the consumer reporting agencies that
provided your consumer information to RealPage Inc., as well as other
information required by law. Please refer to the Online Application Terms and
Conditions for your specific rights under federal law with respect to your
consumer credit report.
Rental History Only verifiable rental history from a landlord, Apartment
Community or Mortgage Company will be considered. Acceptable rental history
equals one year in most recent residency, should not include; more than (3)
late payments, more than (1) NSF check, more than (1) documented disturbance,
with no; legal notice(s) issued, police calls, prior evictions or asked to
leave for cause. First time renters with no prior rental history will be
considered as acceptable.
Disturbances related to domestic
violence, stalking or sexual assault where applicant was the victim will not be
counted against applicant for purpose of determining whether applicant meets
the property’s rental history standards.
Additional security deposit will be
required on any rental history not verifiable, excluding
first time renters, any previous “rental property” debt paid off and verified
not over $1000.00, no required 30-day notice given to previous landlord and/or
maximum of (6) late payments. If applicant has a history of (2) or more NSF
checks – no personal checks or ACH payments will be accepted for the term of
the occupancy – certified funds only.
Co-Signers Co-Signers or guarantors are not accepted in this
community.
Pets and Animals Cats, dogs (maximum weight limit of 60 lbs., breed and
age restrictions apply), birds and small reptiles are allowed, with a maximum
of (2) pets per apartment, pet(s) must not be a potential nuisance or danger to
neighbors (no excessively barking dogs, no loud birds, etc.). Pet must be
brought to the office for introduction and acceptance. An additional deposit
and monthly pet rent will apply to all approved pets.
Special
consideration will be given to Assistive Animals with supporting documentation
and an approved Accommodation Request by management prior to the animal
residing in the apartment. Breed restrictions, weight limit, additional
deposits and pet rent do not apply. Landlord does reserve the right to require
reasonable rules of conduct for approving an Accommodation Request.
All Pet and Assistive Animal
owners will be requested to complete an “Animal Application” providing proof of
the animal(s) breed, age, core vaccines and a valid dog license. We do not
allow "visiting" pets, any pet in the apartment that is not
authorized through a pet agreement is a direct breach of your lease agreement.
Smoking and
Vaping All use of tobacco products involving smoking, burning or
combustion of tobacco including vaping is not permitted in the common areas of
the community, including parking lot, garages, pools, laundry, and fitness
areas. If this is a smoke free community, you will be asked to sign a
Non-Smoking Addendum and any smoking/vaping on the community or in the
apartment will be a direct breach of your lease agreement.
Renter’s
Insurance Renter’s insurance is
required as a condition of residency with a minimum liability coverage of
$100,000. Personal property coverage is
not required but recommended.
Declined Applications (If any of the following apply, the application will be
denied);
A “fail” score on consumer credit
report
Unable to provide a valid government
issued photo ID
Falsification of the application
Anyone with an outstanding unpaid
rental debt
If the bank returns the application fee
or holding deposit check
Anyone having an unsatisfied monetary
judgment currently pending against them
Bankruptcy filing that has not been
dismissed or discharged
Application that is not fully completed
to meet management standards
Anyone listed on the Rental History
Exclusion list
Proof of verifiable income has not been
submitted
Anyone who is currently engaged in the
illegal use of controlled substances
Refund Policy Your required holding deposit is refundable within 72
hours of the date/time of your application, should you decide to cancel.
Holding deposits are refundable should your application be denied based on our
rental criteria. Holding deposits are non-refundable should you cancel
after 72 hours or if we cancel you after 72 hours for not submitting a
completed application with required documents for the approval process.
Landlord and Applicant
Interactions: A courteous and businesslike
attitude is required from all applicants and prospective tenants. We reserve the right to refuse rental to
anyone who is verbally abusive, swears or uses profanity, is disrespectful, belligerent,
makes threats, is argumentative, displays violent behavior, demeaning speech or
treatment of landlord or landlord’s agent or to one another if more than one
applicant or in general displays an attitude during the application process
that causes management to believe we would not have a positive landlord and
tenant relationship.
In order to be approved for
rental, Applicant must complete all forms and provide all documentation
requests without amending or deleting any information from the provided
documents and forms. Applicant may not
choose to apply any of the additional security deposit options in place of
providing the requested information and/or documents. Applicant will be
considered to have falsified information if applicant states that they do not
have information such as, but not limited to, Social Security number, copy of
Government ID and historical financial and/or rental history when Applicant has
knowledge of such information. To
promptly process your application, the above items must be presented within 48
hours of reserving your apartment. If
the information is not provided to us within this timeframe, we may return the
apartment to an available to lease status and your Holding Deposit may be
retained by management and become subject to charges equal to the prorated
amount of the daily market rent for the time that the apartment was not
available to lease and any additional marketing or administration time.