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Rental Applicants Qualifying Criteria:
HOUSING: Applicants must be able to provide a successful rental payment history. Applicants will be automatically denied if they if they have any type of an eviction within the last ten (10) years or have left owing a previous landlord money.
Applicants must have a successful rental history. Satisfactory housing history does not include time residing in student housing, or residing with parents or relatives. Anyone who does not receive an acceptable reference from a previous or current landlord based on disturbances, loud noisy behavior, unauthorized pets, patterns of late payments, patterns of complaints or police calls, failure to properly terminate a prior lease, threatening other persons, damage to an apartment or other reasons will be denied.
CREDIT: Credit checks are completed through Equifax and Colonial Property Management will rely on credit history and credit scoring in evaluating the application. Anyone with unpaid debts or late payments on the credit check may be denied. Negative credit reports will be denied and WE DO NOT ACCEPT GUARANTORS FOR APPLICANTS WITH UNFAVORABLE CREDIT. We adhere to all applicable privacy laws and information will be kept confidential.
CONVICTION RECORD: An applicant’s application will automatically be denied if applicant(s) have a history, or conviction, or have been sentenced or released from prison or jail for any of the following reasons, which are not intended to be an exclusive list of reasons for a refusal to rent:
1. Disturbance of Neighbors
2. Destruction of or Criminal damage to property
3. Drug Related Criminal Activity
4. Criminal Activity involving violence to persons or property
5. Registered or Convicted Sex Offender
INCOME: Applicants are required to provide verified income of two (2) times the rent. Verification may be required by verbal or written employers statements, bank statements, tax returns, or other legal documents. A co-signer may be required to guarantee the financial obligations of the lease. A co-signer will only be allowed if applicant is in good standing with creditors.
Applicant(s) will be denied if they misrepresent any information on this application. If misrepresentations are found after a rental agreement (lease) is signed, the applicant’s tenancy will be terminated. Colonial Management, LLC reserves the right to ask for additional information if needed.
AUTOMATIC DENIAL (including but not limited to, the following):
1. Any type of Eviction with the last 10 years
2. Poor Landlord references
3. Owes money to a Landlord
4. Falsification of Information
5. Registered/Convicted D.O.C. Sex Offender
6. Bankruptcy in the past 5 years
7. Foreclosure in the past 5 years