We are an equal opportunity housing provider - We fully comply with the federal Fair Housing Act and the Arkansas Fair Housing Act. We do not discriminate against any person or persons because of race, color, religion, sex, handicap, familial status, or national origin. We also comply with all state and local fair housing laws.
Unit Availability Policy- Rental units become available when they are ready to rent. A vacant rental unit will not be deemed available until it has been inspected, cleaned, repaired, and prepared for showing. We update our list of available units as each unit becomes available. A unit that was unavailable in the morning may become available later that same day.
Occupancy Guidelines - To prevent overcrowding, parking problems, and undue stress on plumbing and other building components, we restrict the number of people who may reside in a rental unit. We allow two persons per bedroom for families with children. For example, a two bedroom rental unit could house up to four people. Roommates (non-families) are allowed only one person per bedroom. These are general guidelines and may not apply to all properties and all situations.
Application process - Every applicant for rental will be evaluated in the following manner. Each applicant must submit a rental application and answer all questions on the form. Each applicant must pay an application fee of $20.00. We will evaluate each application and investigate the credit and rental history of each applicant. We will obtain a criminal background check, and verify employment and rental references. If all applicants for a rental unit meet our rental criteria, we will approve the application(s). We will rent available rental units to applicants in the order that their applications are approved.
Rental Criteria - To qualify for a rental unit, you must meet the following criteria for Unconditional approval:
a. Age Requirement: Applicants must be at least 21 years of age at the time the lease is signed. We will process applicants who are not yet 21 if the applicants 21st birthday is pending within a reasonable time.
b. Income and employment: Your monthly income must be at least Three (3) times the monthly rent. You must be able to prove at least one year of employment immediately preceding the date of your application. Students will require a lease guarantor. Unemployed or self-employed must provide verifiable proof of income source.
c. Rental History: You must have satisfactory rental references from at least two prior landlords. Applicants will be rejected for any unsatisfactory information obtained from previous landlords and prior evictions except in verifiable extreme circumstances.
d. Credit: Your credit record must be currently satisfactory. We will obtain a credit report from a credit reporting agency. Applicants with a FICO credit score above 630 will be accepted, if otherwise qualified. Conditional approval may be available to applicants who are otherwise qualified but do not meet the minimum credit score requirement. See Conditional Approval policy.
e. Criminal History: A criminal background check will be completed for each applicant. Landlord will conduct an assessment of the risks to persons or property posed by an Applicant that will consider:
· (1) the type of crime; (2) the severity of the crime; (3) the facts or circumstances surrounding the crime; (4) the age of the Applicant at the time of the crime; and (5) evidence of rehabilitation efforts.
· Convictions for the manufacture or distribution of a controlled substance will result in an automatic denial of the application.
· Landlord will not deny an Applicant solely on the basis of arrests or pending criminal actions.
· Denied Applicants may petition Landlord for reconsideration by providing additional information to assist Landlord in its review of criminal history.
Guarantors. Students who are unable to meet one or more of the above criteria may be able to qualify with a third party guarantor. The guarantor must pass the same application and screening process, except that the guarantor must have verifiable income of Five (5) times the monthly rent and a FICO score above 650. Students must provide satisfactory proof of current enrollment. Guarantors are NOT accepted for applicants with unacceptable credit, rental references, income, or unacceptable criminal history.
Conditional Approval: In order to make housing available to more applicants, Applicants who are otherwise qualified but do not meet the minimum credit score requirements may seek approval on a Conditional basis. Conditional Approval will require an increased security deposit, and a month to month lease until satisfactory payment history is established.
(This policy is subject to change without notice)