Barcelona
Apartments
We
have listed the following qualification criteria for approval
of your future home.
APPLICATION:
Each occupant 18 years of age and older must complete an
application. All
areas must be completed, including landlords and employers, phone
numbers, cities, states, and zip codes. A $40 non-refundable application
fee will be assessed for all applicants. A reservation deposit of $200 is
required for one and two bedroom apartments, and $300 for three
bedroom apartments.
INCOME:
Gross monthly income of combined applicants must be 2.7 times
the rent of the apartment. All proof
of income
must be legal and verifiable. Any income documents from outside the
United States must be converted to the English
Language. Acceptable documents
include:
-
Two current pay stubs showing tax deductions and year-to-date
earnings.
-
New Employment - official offer letter on company letter head,
signed by all parties.
-
Self-Employed - current year signed tax return.
-
Statements from government payments.
-
Court Orders for child or spousal support.
-
Statements of income from investments or trust funds.
SAVINGS:
In the event an applicant does not have income, savings may be
verified with three months of statements with
an average
balance totaling 2.7 times the annual rent. Acceptable documents
include:
CREDIT/RESIDENCY HISTORY:
Applicants history will be reviewed for late payments, charge offs,
collections, bankruptcies,
judgments, and eviction records. Additionally, favorable residency
history is required.
-
A third party screening service, RealPage Inc., will evaluate
applicants credit history.
-
Evictions or debt to property management will result in an
automatic denial.
-
If applicable, additional security deposit may be required for
credit or residency issues.
-
Two years of positive rental payment history is
required.
GUARANTORS:
An applicant can obtain a guarantor if the income ratio is not met,
or if the applicant does not have any credit
history.
-
Guarantors must complete an application.
-
Guarantors must have superior credit.
-
Guarantors must qualify showing income of 4 times the monthly
rent, or savings of 4 times the annual rent.
-
Guarantors must sign the guarantor addendum prior to move
in.
-
Guarantors must reside in the United States.
IDENTIFICATION:
All applicants must show current/valid government-issued
photo identification before move in.
OCCUPANCY:
Maximum number of persons per apartment is as follows:
-
One bedroom max is three people.
-
Two-bedroom max is five people.
-
Three-bedroom max is seven people.
RENTERS INSURANCE:
This is required prior to moving into Barcelona. You may sign
up with eRenterPlan insurance
program or provide your own insurance. If you choose to provide your own
insurance, you must provide us with the
Declaration Page from your policy showing:
-
A minimum of $100,000 liability coverage.
-
Policy number.
-
The address of your new apartment.
-
A policy term greater than or equivalent to the term of your
lease.
To ensure prompt processing of
your application, documentation must be submitted to the leasing
office within 24 hours of your reservation.
