San Mateo Townhomes Qualifying Criteria

CONDITIONS

• All Applicants applying for an apartment must be a minimum of 18 years of age or older.
• Applicants must have a verifiable social security number, current visa or other federally issued paperwork stating status in the United States.
• Applicants will be required to sign a Crime Free and Medical Marijuana Addendum, and will be held to all conditions stated.
• Occupancy standards are 2 occupants per bedroom plus 1 additional occupant.

PROOF OF INCOME

• Applicants must provide verifiable proof of current income for up to 2 consecutive months.
• Applicants combined income must equal up to 2.5 times the monthly rent.
• Applicants that do not meet the income requirement may be approved on a conditional basis.

PROOF OF RESIDENCY

• Applicants must provide verifiable proof of rental history for up to 2 year(s).
• Applicants with no previous rental history or rental history less than the required period of time may be required to provide a copy of Electric, Gas, or Water Utility bill from current residence and/or an additional security deposit.
• Applicants with paid judgments or collection accounts from rental properties or utility companies within the past 3 years may be approved on a conditional basis.

CREDIT AND BACKGROUND CHECK

• A Credit Report and Background Check will be completed for every applicant and occupant 18 years of age and older.
• All credit and background information is supplied through a third party credit reporting agency.
• Credit scores will be based on overall credit worthiness; including acceptable account ratios, rent to income ratios and the Fair Isaacs score provided by the credit bureaus.
• Felony or Misdemeanor arrests or convictions for any crime against a person or property may result in denial.
• Falsification of the rental application or failure to answer completely will result in a denial.
• Bankruptcies must be discharged for at least 2 year(s).

CONDITIONAL APPROVAL

• Applicants that are approved on a conditional basis may be asked to fulfill 1 or all of the following conditions in order to have an approved application.
• Satisfy one or all of some outstanding debt.
• Pay an additional security deposit based on credit result verification.
• Have a qualified Guarantor sign the lease to guarantee the rent.
• Provide additional identification or address information.
• Make all payments in guaranteed funds. Cash and money orders will not be accepted.

GUARANTOR QUALIFICATIONS

• Guarantors must have verifiable proof of current income of up to 4 times the monthly rent amount.
• Have a mortgage in current standing or rental history for 2 years.
• Felony or Misdemeanor arrests or convictions for any crime against a person or property may result in denial.
• Bankruptcies must be discharged for more than 2 year(s).

MEB Management Services is fully committed to equal housing opportunities. We do not discriminate against anyone based on race, religion, color, sex, handicap, familial status, and national origin, as stated in the Federal Fair Housing Law (Title VIII of the Civil Right Act of 1968 as amended by the Housing and Community Development Act of 1974 and the Fair Housing Amendment of 1988).

I have read and understand the Qualifying criteria of this community. I understand that I am paying a non-refundable application fee that will not be returned to me for any reason