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Statement of Rental Policy/Qualification Acknowledgment

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 communities. Nothing contained in these requirements shall constitute representation by South Oxford Management that all residents and occupants currently residing in our community have met or currently meet these guidelines.

FAIR HOUSING STATEMENT South Oxford Management 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.

IDENTIFICATION Applicants must present a government issued photo identification card for all persons age 18 years and older that will be living in the apartment. For those applicants who are not U.S citizens, additional documentation may be required in order to give the applicant an opportunity to furnish information about an emergency contact person in the applicant's home country.

APPLICATION AND FEE A separate rental application must be completed, dated and signed by each applicant and any individual 18 years of age or older. All individuals 18 years of age or older, or legally considered an adult by law if not living with a legal guardian, are required to be a party to the lease. A non-refundable application fee, deposit and/or bond are required at the time an application is submitted.

OCCUPANCY Unit occupancy shall not exceed 2 persons per room plus 1. Children younger than 24 months of age are not considered occupants in determining this factor of eligibility. The Company will comply with applicable laws that require higher or lower occupancy ratios.

INCOME All applicants must have a combined source of income in an amount no less than two and a half (2.5) times the market rental rate. All income must be verifiable. Verifiable income includes, but is not limited to wages, self-employment income, social security benefits, pensions, trust funds, grants, school loans, child support, unemployment benefits, military benefits, other government assistance and alimony. Acceptable Sources of Income may be any of the following: Three (3) most current paycheck stubs. If an applicant is starting a new job, the future position and salary must be verified in writing via an offer letter on company letterhead and effective on or before the proposed move-in date. If an applicant is self-employed or receives money from non-employment sources, proof of income through: (1) a copy of the previous year’s tax return, (2) a financial statement from a CPA verifying income, or photocopies of three (3) most current bank statements illustrating the ability to pay rent through the entire lease term. (4) The amount of any housing choice voucher currently being received by an applicant must also be included as income, even if you are not accepting the voucher as payment.

INCOME RESTRICTED If you are applying at an income restricted community please review the supplemental income exhibit for specific income qualifications.

RENTAL HISTORY Rental history in conjunction with landlord debt will be considered when processing your application. Evictions within the previous two (2) years and/or outstanding debt to a prior landlord may result in denial or an additional rental deposit.

CREDIT HISTORY Our screening agency evaluates credit, debt to income and rental history against indicators of future rent payment performance. Any unsatisfactory finding may result in the requirement of an additional deposit, guarantor, or denial. Should a pending bankruptcy appear an automatic denial may result. A history of a prior bankruptcy filing may result in an additional rental deposit.

GUARANTORS Are only accepted for full time students. All guarantors must have a combined source of income in an amount no less than six (6) times the market rental rate. If a guarantor is needed, they must meet the entire qualifying criteria as presented herein. The guarantor must pay an application processing fee and sign the Guarantor Addendum.

CRIMINAL HISTORY A criminal background screening will be conducted for all applicants including Felony and Misdemeanor convictions and charges. The following offenses including Deferred, Convictions, Charges, and Sex Offender Registrants will result in automatic denial.
Crimes Against Person involving Assault, Homicide, Kidnapping, and Sex related: Felony convictions within 50 years and charges pending trial within 5 years, Misdemeanor convictions within 10 years and charges pending trial within 5 years.
Crimes Against Property involving Arson, Burglary, Motor Vehicle Theft, Counterfeiting, Embezzlement, Extortion, Fraud, Robbery, Stolen Property, Destruction of property: Felony convictions up to 15 years and charges pending trial up to 5 years, Misdemeanor convictions up to 5 years and charges pending up to 3 years.
Crimes Against Society involving Obstruction of the Law, Disorderly conduct, Drunkenness, DUI, Liquor Law, Pornography, Prostitution, Traffic, Trespassing, Drugs, Weapons, Peeping Tom: Felony convictions up to 15 years and charges pending trial up to 5 years, Misdemeanors involving Drugs, Weapons, Peeping Tom convictions up to 5 years and charges pending trial up to 3 years.
Offenses involving Drug/Narcotic Sale or Manufacture; Felony convictions within 50 years, charges pending trial within 5 years, Misdemeanor convictions within 10 years, charges pending trial within 3 years.

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

Rental Scoring and Your Rental Application

We rely upon a "Rental Score" to estimate the relative financial risk of leasing an apartment to you. In addition to estimating risk, rental scores are an objective and consistent way of reviewing relevant applicant information, and help speed the application approval process.

How is my rental score determined?
Rental scoring systems assign points to certain factors identified as having a statistical correlation to future financial lease performance. Your rental score results from a mathematical analysis of information found in your credit report, application data, and previous rental history. Such information may include your bill-paying history, the number and type of accounts you have, collection actions, outstanding debt, and the number of inquiries in your consumer report. The final number, or rental score, represents an estimated level of risk as compared to the performance of other consumers in a range of scores.
Because your rental score is based upon real data and statistics, it is more reliable than subjective methods of evaluating your information. Rental scoring treats all applicants consistently and impartially. Additionally, your rental score never uses certain characteristics like-- race, color, sex, familial status, handicap, national origin, or religion as factors.

What can I do to improve my rental score?
Your rental score may change based upon changes of the underlying information. The total improvement, however, generally depends on how that factor relates to other factors considered by the scoring system. Nevertheless, to improve your rental score, concentrate on paying your bills on time, paying down outstanding balances, and not taking on new debt.

You have a right under the Fair Credit Reporting Act to a free copy of your consumer report from RentGrow, the reporting agency used by South Oxford Management to evaluate your background information if the request is made no later than 60 days after you receive notification of a denial or conditional approval. In evaluating your application, information obtained from or through RentGrow, which may include credit information or consumer information from one or more of the credit bureaus or consumer reporting agencies, may have influenced South Oxford Management decision in whole or in part. These consumer-reporting agencies and/or credit bureaus DID NOT make the decision to take adverse action and are unable to provide specific reasons why adverse action was taken.

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