Security Deposit: based on market conditions
Application Fee: $50 processing non-refundable fee
Income: Applicants income must be three times the current scheduled rent. Verification can include pay stubs, written verification from income source, and telephone verification by an employer. If selfemployed, two years of prior tax returns must be provided.
Employment: Applicants must have stable verifiable employment of 12 months minimum and 2 years previous if not with current job for one year.
Credit: Applicant’s credit history must not have any collection or judgment accounts. Medical collections may be an exception to the criteria. Student loans can be an exception should the applicant provide proof of continuing payments. If bankruptcy has been declared, we require that the bankruptcy has been discharged and new positive credit has been established. Existing credit must be more than 85% positive or a 600 or better beacon score. Applicants with no credit history will be charged an extra security deposit of one months rent and/or a lease contract guarantor.
Rental: Applicant must have a minimum of six months satisfactory rental history or satisfactory payments of history of home ownership. Satisfactory history will be defined as no more than one late payment not to exceed 15 days and no returned checks. The resident must have given adequate notice to vacate and have no outstanding financial obligations to previous landlord.
Credit Verification: Applicant must consent to allow The Woodlands of Gainesville, LLC through its designated agent and its employees, to obtain and verify his/her credit information for the purpose of determining whether or not to lease an apartment to the applicant. Applicant must understand that if he/she leases an apartment at The Woodlands of Gainesville, LLC the owner and its agent shall have a continuing right to review his/her credit information, rental application, payment history and occupancy history for account review purposes and for improving application methods. The Woodlands of Gainesville, LLC may require and additional security deposit based on credit history, debt ratio or other information obtained through our designated agent.
Disclaimer: Management does not guarantee, warrant or represent that all residents and occupants meet the above criteria due to the length of residency in comparison to when criteria was implemented or amended. Additionally, our ability to verify the information provided by an applicant is limited to the information made available to us by Equifax.