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LEASING CRITERIA

Villas de Estancia Apartments is committed to compliance with all federal, state and local fair housing laws. It is our policy to offer apartments for rental to the general public without regard to race, color, national origin, religion, sex, familial status, handicap or any other state or locally protected classifications. In order to assist you with your decision on your new home, we are providing a list of guidelines used to qualify residents for residency in our community.

Please note this is our current rental criteria; nothing contained in these requirements shall constitute a guarantee or representation that all residents and occupants currently residing at the Apartments have met these requirements. There may be residents and occupants that have resided in the community prior to these requirements being in effect. In addition, our ability to verify whether these requirements have been met is limited to the information we receive from various credit/criminal reporting services used.

Please review this information before filling out an application and paying an application fee, which is nonrefundable.

INCOME/EMPLOYMENT
All persons applying for an apartment must have a verifiable source of income in a gross amount of no less than two and a half 2.5 times the gross rental rate. In the event of multiple applicants / roommates combined information may be considered and may require an additional Risk Fee or guarantor. Acceptable proof of income is as follows:

  • Pay stubs or job offer (on company letterhead) with salary
  • Most recent tax return
  • Prior three months of bank statements or money transfer receipts
  • Child support or alimony when directed by a court
  • Grants, pensions, trust funds
  • GI benefits, disability, social security

RENTAL/MORTGAGE HISTORY
All persons applying for an apartment must have six months of verifiable, satisfactory past history. An eviction or foreclosure could constitute cause for denial. Less than six months of history may require an additional Risk Fee or guarantor. Satisfactory history includes the following:

  • No more than one late payment or NSF in a 6-month period
  • Lease term fulfilled
  • No lease violations
  • Residence left in satisfactory condition
  • Proper notice to vacate given

CREDIT
All persons applying for an apartment must have established retail credit in good standing for the past two years. Lack of established credit or more than 50% negative credit may require an additional Risk Fee or guarantor. Negative credit includes but is not limited to the following:

  • Past due accounts
  • Judgments
  • Liens
  • Write offs
  • Balance to a rental community or mortgage company (regardless of date)
  • Unresolved bankruptcy (regardless of date)

CRIMINAL BACKGROUND SEARCH
A criminal background search will be conducted for each applicant and occupant over the age of 17. It is our policy not to lease to applicants with felony offenses. If the criminal background search and/or information provided by you, reveals past criminal behavior or pending criminal charges, which violates our policy, your application may be denied or an additional risk fee may be applied.

GUARANTOR
A guarantor will be considered for lack of employment/income, rental history or credit. Guarantors will not be accepted as a substitute for unsatisfactory rental history or criminal background. Guarantors must meet all the qualifications listed above with the qualifying income increased to five times the rental rate.

FOREIGN NATIONALS/NO SSN APPLICANTS
Foreign nationals will be required to complete a supplemental rental application for non-US citizens. Foreign nationals living or working in the United States must provide either a valid Social Security Number or a valid passport with stamped identification of entry date into the United States. Income will be verified with letter of intent, work visa, work petition or verification of funds in a United States Bank. If a Social Security Number is not provided we will require an additional Risk Fee.

OCCUPANCY GUIDELINES
The maximum number of occupants permitted to dwell in an apartment shall not exceed the following Occupancy Guidelines:
Apartment Home Size - Maximum # of Occupants

    Studio/Efficiency - Two Persons
    One Bedroom - Three Persons
    Two Bedroom - Five Persons
    Three Bedroom - Seven Persons

IDENTITY VERIFICATION
A government issued photo identification will need to be presented by all applicants, guarantors and occupants over the age of 17. All applicants, guarantors and occupants over the age of 17 acknowledge and consent to the community's policy of retaining a copy of the identification. Our privacy policy is available to you upon request.

I have read and understand the leasing criteria for this community.


There is a $50.00 application fee, $75.00 administration fee, $150.00 holding deposit and these fees are required to apply online.


Please choose "I Agree" to continue to the application.


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