Rental

Requirements

Information regarding applications and qualifications for approval or denial.

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Trademark Property Services dba TradeMark Residential are equal housing opportunity providers.  We adhere to the Fair Housing Law (Title VIII of the Civil Rights Act of 1968 as amended by the Housing and Community Development Act of 1974 and the Fair Housing Act of 1988) which stipulates it is illegal to discriminate against any person in housing practices on the basis of race, color, religion, sex, disability, familial status or national origin.

Applications will be processed on a first come – first served basis and subject to availability.  A separate rental application and application fee are required for each prospective resident 18 years of age or older. Rental, income and credit histories will be considered jointly and approval will be based on the applicant with the best credit and rental histories. A valid form of legal identification is required at the time of application and lease signing.

Applicants must provide two (2) full months of paystubs that, when combined in gross amounts, total at least 3 times the monthly rent. Retired, unemployed or student applicants must provide other verifiable sources of income that may include investments, trust funds, child support, alimony, and financial aid (when it is sent directly to the student, etc.).  If self-employed, a copy of the previous year’s tax return must be provided.  If employment is pending, a copy of the offer letter on company letterhead, providing the start date and salary is to be presented. Applicants that make 2.5 times the monthly rent may be Conditionally Approved. 

Applicants receiving housing assistance must provide verifiable sources of income that, when combined in gross amounts, total at least 3 times the portion of rent for which they are responsible. 

Applicants must provide at least 6 months of verifiable rental history and/or mortgage payment history that has occurred within the past two years. This history must be obtained from a landlord, apartment community or mortgage company. Acceptable rental/payment history will include no more than three late payments (including returned checks) per year of residency and compliance with all resident policies. Reference information from family members or friends will not be considered. 

Each apartment/home is required to have renter’s insurance. You will be required to provide your policy as well as your company prior to moving into your apartment/home and with each subsequent lease renewal. A minimum of $100,000 personal liability is required. If you do not have your own personal liability policy, you will be enrolled in a legal liability policy through an affiliated provider and you will pay the monthly premium along with your monthly rental payment. 

 A credit report will be processed on each applicant which will be evaluated by an outside agency and approval will be based on a risk scoring model. Depending on the results of the risk scoring report, an additional security deposit or guarantor may be required. If a Guarantor is required (students only), Guarantors must satisfy these criteria: (i) gross monthly income equal to 5 times the monthly rent amount; (ii) rent/payment history as described above; and (i) established credit history with a positive rating by an outside agency. Guarantors are responsible for all obligations of all Residents on the initial lease as well as all subsequent leases including modifications, extensions, and renewals. 

A criminal background check will be processed on each applicant and evaluated by an outside agency. Approval is based on a set of established guidelines.

There are fees associated with applying and renting a property at TradeMark Residential. Typical fees may include but are not limited to:

One Time Application Fee of $75 per Applicant over the age of 18

One Time Administrative Fee of $200

Monthly Processing Fee of $10 per month

Security Deposit Due prior to move in and traditionally the value of one months rent. Special conditional amounts may apply.

The Following will result in

Automatic Denial for Residency

Failure to satisfy the minimum risk score

Falsification of any information of the application

A bankruptcy in process

Failure to satisfy the income requirement

Eviction by a previous landlord for cause

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