Minot Management Group Minot Management Group Property Rental Management Minot Minot Management Group

Occupancy Standard: The following occupancy standards will apply:

 

                              Floor Plan                   Max # of Occupants               

                              1 bedroom                               3*                                

                              1 bed/Den                               3*        

                              2 bedroom                               5*        

                              3 bedroom                               7*

 

Age Requirement:

Lease holder(s) must be 18 years or older.  All occupants 18 years or older will be required to complete an application (even if living with a parent or guardian).

*A child under the age of 24 months at the time of rental application or lease renewal will not be included in the max # of occupants. 

Income Requirement:

The gross monthly income of all lease holders will be considered jointly, and must equal two and one half (2.5) times the rental amount on the apartment.  All income must be verifiable.

Employment Verification:

a.) Lease holder(s) must be currently employed and provide written evidence of regular income sufficient to two and one half (2.5) times the rental amount on the apartment, for the lease term. Acceptable forms of evidence are:  payroll check stubs with year to date earnings, previous year W-2 or 1099, copies of the last two consecutive bank/financial statements, proof of spousal and or child support, proof of social security income, disability or other government income, proof of retirement or trust fund income, current offer letter for income/employment verification. 

b.) Self Employment: Must provide the previous year’s personal income tax return and/or the previous three months personal bank statements as evidence of sufficient income.

c.) Commission/Tip Employment: Person who holds jobs that are commission only, base salary plus commissions, tips or bonuses will be considered self-employed and must submit the same proof of income as listed above.

d.) Students that do not meet the income requirements will need a qualified cosigner

Residency:  Prior rental history will be reviewed and must exhibit no derogatory references.  A history of prompt payment, sufficient notice given and a record free of disturbances, damages, eviction and balance owed are considered.  Any debt owed to an apartment community must be paid off before an applicant can be approved.  Satisfied or exempt evictions are considered with proper documentation.

Credit Requirements:  The credit history will be reviewed and must show positive credit history. Any debt owed to an apartment community must be paid off before an applicant can be approved.  If your application is denied or is accepted with conditions, you will be provided with the name, address and telephone number of the consumer reporting agencies which provided your consumer information.

Criminal History:  All applicants will require a criminal background check. Results will be reviewed on a case by case basis.

 Required ID:  A form of Government issued I.D. with photo is required.

This community will not discriminate against any person based on race, color, national origin, religion, sex, disability, family status, or any other characteristic protected by applicable local, state, and federal law.

 

All applicants must qualify for approval based on the above guidelines.

 

Applicant understands that the holding fee is not a security deposit. Applicant understands that the premises will only be held for 2 days for Applicant, and that all necessary paperwork must be provided to Landlord within 48 hours of approval. This Holding Fee Agreement does not obligate Landlord to execute a Lease Agreement or to deliver possession of the premises. The Holding Fee solely holds the unit off the market. A lease agreement will be subject to Landlord's acceptance of Applicant's application, and subject to Landlord and Applicant entering into a separate lease agreement for the premises.

If landlord and tenant enter into a Lease Agreement, The holding fee will be applied toward the Tenant's security deposit which may require additional amounts to meet the required security deposit.

   
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