Bridgewood Ranch Apartments
SCREENING POLICY FOR CONVENTIONAL APARTMENTS
to our community. Before you apply to rent an apartment home in our community,
please take the time to review this screening policy. All persons 18 years or
older, not dependents and not married will be required to complete separate
rental applications. Applicants legally married or with adult dependents and
applying for residency will be required to complete a joint applicant. The term
“applicant(s)” under this policy means the person or persons that will be
signing the Leases as “residents”; the term “occupant(s)” in this policy means
the person or persons that are authorized occupants under the Lease.
also note that these are our current rental criteria: nothing contained in
these requirements shall constitute a guarantee or representative by us that
all residents and occupants currently residing in the community have met these
requirements. There may be residents and occupants that have resided in the
community prior to these requirements going into effect; additionally, our
ability to verify whether these requirements have been met is limited to the
information we receive from the various resident credits reporting services
used. It is policy of this community to comply with all applicable fair housing
laws including those, which prohibit discrimination against any person based on
race, sex, religion, color, familial status, national origin, or handicap.
Guidelines: Occupancy will
be based on the following guidelines:
Bedroom 3 occupants
Three Bedroom 7 occupants
2. Age: Applicants must be 18 years of age or
older unless deemed to be an adult under applicable law with respect to
execution of contracts.
Credit: A credit report will be completed on all
applicants to verify account credit ratings. Income plus verified credit
history will be considered in determining rental eligibility and security
deposit levels. Bankruptcies
must be 24 months or older and discharged and will require an additional
deposit. Unfavorable accounts, which will negatively influence this evaluation,
include, but are not limited to: collections, charge-offs, repossessions, and
current or recent delinquencies.
are an automatic denial.
- If you owe
another property, it must be paid off and proof of pay-off must be
supplied to us before an application can be approved.
- If your
application is approved with conditions, the condition will be determined
- If your
application is not automatically approved with our automated screening
system, we will review your credit. It may be possible that we can approve
your application with an approval fee plus an additional deposit to be
determined based on your credit issues.
Determined on a case by case basis.
4. Income: Gross income for all applicants in one
apartment home will be combined and entered into the credit-scoring model for
income eligibility. All applicants will be asked to produce consecutive and
most recent pay stubs for the last 4 weeks from Application Date. Applicants
must have a minimum combined gross income of 2.5 times the monthly rent. Additional sources of verifiable
income may be considered. These sources may include child support, grants,
pensions, GI benefits, disability, trust funds, social security, and savings
accounts. Some credit scoring results
will necessitate further income verification in such instances, verification
with employer will be completed, or applicant may be asked to produce
additional financial statements/records.
5. Employment: If employment is to begin work shortly, the
applicant must provide a “letter of intent” to hire from the employer that
states the start date and compensation.
Employment, Retired, or Unemployed: Such applicants
must provide the previous year’s income tax return and the previous two-month’s
back statements, or twelve months of financial statements and must exhibit non-negative
History: A criminal
background check will be conducted for each applicant and occupant age 18 years
or more. The application will be denied for any of the following reported criminal
- Registered Sex Offender
- Capitol Felony
- First-Degree Felony
- Second-Degree Felony- 20
years from the completion of sentence
- Third Degree Felony- 10
years from the completion of sentence
- State Jail Felony- 3 years
from completion of sentence unless crimes against a person or property
then its 6 years from the completion of sentence
- Class A Misdemeanor- 2 years
from the completion of sentence
- Class B Misdemeanor- 1 year
from the completion of sentence
- If convicted of a sexually
violent offense, or a violent act under Section 3g, 42A.054, Texas
Code of Criminal Procedure
- Any of the above related
charges resulting in “Adjudication Withheld” and or “Deferred
remember that this requirement does not constitute a guarantee or
representation that residents or occupants currently residing in our community
have not been convicted of or subject to deferred adjudication for a felon,
certain misdemeanors or sex offenses requiring registration under applicable law;
there may be residents or occupants that have resided in the community prior to
the requirement going into effect;
additionally, our ability to verify this information is limited to the
information made available to us by the resident credit reporting services used.
History: Some credit
scoring results will necessitate an evaluation of verifiable rental or mortgage
payment history for the last 24 months. In these instances, applicant must have
a minimum of 6 months cumulative verifiable rental or mortgage payment history
within the last 24 months. In such instance, if a previous property owner
cannot be contacted, six consecutive months of proof of payment must be
verified and a copy of the lease contract must be provided. Applicants not having
verifiable rental mortgage history may have the option to pay an additional
deposit of one-month rent or secure a Guarantor.
will automatically be denied for the following reasons:
- An outstanding debt to a previous property
owner or an outstanding check must be paid in full.
- A breach of a prior lease or a prior
eviction of any applicant or occupant.
- More than four late pays and two NSF’s
within the last 12 months.
9. Guarantors: Guarantors will be accepted for
applicants who are first-time renters or students. The guarantor will be
required to complete an application and pay a full application fee. Guarantors
must have a gross monthly income 4 times the monthly rent and meet all other
qualifying criteria identified in this screening policy. The guarantor will be
asked to sign a Lease Guaranty Agreement to support this application. Only a
relative will be considered as guarantors.
10. Animals: Bridgewood Ranch Apartments will accept dogs
up to 75 lbs or domestic cats. The deposit will be an additional $500.00 per
pet with $300 of each being non-refundable plus $10.00 monthly pet rent per
pet. Breed restrictions are as follows: Doberman,
German Sheppard, Mastiff, Bull Mastiff, Dalmatian, Pit Bull, Staffordshire
terrier, Chow, any wolf hybrids and Rottweiler. Limit two pets per apartment.
11. Vehicles: Vehicles parked illegally will be towed
at the vehicle owner’s expense.
Guidelines are posted on entry gates, and are available upon
request. It is your responsibility to
Furniture: Water furniture
will only be allowed in first floor with proof of fully paid insurance for the
term of the lease.
Falsification of Application: Any
falsification in Applicant’s paperwork will result in the automatic rejection
of Application. In the event that an applicant falsifies his/her paperwork,
owner has the right to hold all deposits and fees paid to apply towards
Application will only be considered when
the Application has been fully executed and returned, and all applicable fees
have been paid. Application are non-refundable. Administrative
fees and deposits may or may not be non-refundable. Please refer to the TAA
lease agreement for details. I have read and understand the entire resident
screening policy of this community.
Application fee is
* A $75 admin fee is
due at your time of move in*
Renter’s Insurance is a requirement to live at Bridgewood Ranch Apartments.
Bridgewood Ranch Apartments must be named
as an “additional insured (which is no additional cost to you). Renter’s Insurance covers loss due to theft,
fire, water damage, pipe leaks and other small occurrences. Please be advised that our insurance does not
cover the loss of or damage to your personal property. Failure to maintain the
required liability insurance will result in a $25 monthly penalty. *Rental Insurance: This is required before keys are released.
You must obtain a rental insurance policy of $100,000 minimum. You may use any insurance provider of your choice. If you need an insurance provider, please
contact www.eRenterplan.com or call 888-205-8118. Renter’s insurance can be as low as $14/mo. You must provide a copy of your policy to The
Timbers prior to move-in.
This is required before keys are released.