Please read the following criteria below BEFORE proceeding with the application.
We offer the following information so that all applicants will have available to them the rental qualifying policies. Although we have attempted to make this document easy to read and understandable, there may be some things that are unclear. If you have any questions about our policies, please contact us.
Applications cannot be processed until all of the following is completed/received
▪Application and fee for each applicant.
▪Make sure all info is completed: SSN, Signature, Name spelling is legible, contact info for work and past tenancies included.
▪All adults that will be residents will be signors on the lease and meet all application requirements. All adults applications must be completed/received for applications for a residence can be processed.
▪Proof of income
▪Applications are processed in the order as received, 100% completed and fees received.
▪Falsified information will disqualify Application
▪State or Government issued identification with a picture
▪Minimum: Gross Income = 3 times the monthly rental rate.
▪Verified that it is being received consistently for past 6 months.
▪Alternative: Evidence of 3 times annual lease amount in a verifiable account. (Bank, Retirement, etc.)
▪Gross Income remaining after rent and debt payments > $1,500
▪2 years history of previous residence.
▪No breach of previous leases without proper compensation to previous landlord in past 2 years.
▪No more than 1 late pay on rental history for past 1 year.
▪No more than 3 late pays on rental history in past 2 years
▪Left Rental in good condition and compensated Landlord for damage.
▪No more than 1 notice per year for all co-habitants for request to comply with lease agreement. If compliance notice was given, resident must have complied in a reasonable time frame.
▪No eviction in past 7 years
▪If rental history is not available due to applicant lived where rental history cannot be verified or does not exist, then FICO score needs to be above 675.
▪Regardless of FICO score, rental history is required if obtainable.
▪No money owed to previous landlord.
"Late Pay": More than 2 days late
▪66% of income must come from co-habitants that have one of the following:
▪Credit Report FICO score above 650 with 2 years rental history with no more than 1 late pay.
▪Credit Report FICO score above 650 with 1 year's rental history with no late pay.
▪Credit Report FICO score above 625 with 2 years' rental history w/ no late pays. ▪Credit Report FICO score below 625: Declined
▪No unpaid collections from previous landlords in past 7 years.
▪Any applicant with a FICO score below 600 must have 2 years rental history
How to Resolve a Application Disqualification:
For applicant that does not meet income requirements:
▪Personal Guarantor or Cosigner with FICO score above 700; debts and their combined housing and applicants' housing shall not exceed 60% of their gross income. Additional $1,000 security deposit is required.
▪If FICO score is 25 or less below requirement then additional deposit of $500 required.
▪If gross income is below requirement by less than $200 per month then additional security deposit of $500 is required
▪If applicant has 1 late pay more than allowed, then additional security deposit of $500 is required
No history of violent crimes
No history of sex crimes
Not on sex offender list
No felonies within past 7 years
A “deferred adjudication” or a pleading of “no contest” on a felony case is considered the same as a felony conviction.
No discrimination on the basis of race, color, sex, age, familial status, disability, religion, sexual orientation or national origin with regard to housing is the comprehensive policy of all Companies
Military Clause For active military, a lease can be ended by giving us a copy of the “orders” that require you to move outside of El Paso County and by also giving us a “30 Day Notice to Move” on our form.
Renter's Insurance: Proof of renter's insurance is required at time of lease signing. If this is not provided by time of lease signing then lease move-in will be delayed until such proof is given or residence will be given to next approved applicant.
Occupancy Policy Occupancy is based on the number of bedrooms in home. A bedroom is defined as a space that is used primarily for sleeping, designed to be closed with a door and with a closet space for clothing. Occupancy ceiling is 3 persons per bedroom.
THE GLEN AT SAND CREEK TOWNHOMES
All of our townhomes reside in a covenanted community, which means, all residents must agree to abide by ALL the covenants of the Homeowner's Association. We are happy to send these documents to you upon request, and an electronic copy will be sent to you if you become a resident. Below is summary of some of the rules of the community.
SUMMARY OF RULES
Vehicles & Parking:
All residents must park vehicles in garage. All exterior parking in community is for guest parking only. There is NO EXCEPTIONS to this rule. Violator's vehicles may be towed without notice and residents may face eviction. Garages are approximately 19'6" deep. The garage door height is approximately 6'10". If your vehicle is larger than this, then it cannot be parked on site. We are happy to meet with you and "test" to see if your vehicle will fit.
Unless your lease specifically allows a certain pet on your premises, then you are not allowed to have a pet.
A maximum of two pets are allowed with each pet, at adult weight, being under 25 pounds.
A Non-refundable pet deposit is required plus a monthly pet fee. No aggressive breed dogs are allowed.
Evidence of current vaccinations from a veterinarian is required.
Pets may not be left outside alone at anytime. Pets are required to be leashed and supervised when outside at all times. Keep in mind that the area outside the townhomes is "common area" which means that it is shared by all residents. There is not an area on the exterior of the homes that is only for your use, unless you have a patio. When your pet makes waste, it needs to be picked up immediately and disposed of.
At the discretion of management, certain breeds of pets, and types, are restricted, such as aggressive breed dogs, venomous animals.
Utilities and TV:
Residents are responsible for all the utilities & TV/internet service used inside the home. We will give you the contact information for the providers of these services.
Dish Satellite Service:
We are happy to accommodate the various providers of TV, telephone and internet service. Check with us before placing a dish on the property. There are areas where they are not allowed and if installed improperly will need to be removed and any damage repaired at the resident’s expense. Some homes may not be capable of receiving a Dish signal due to their location.
This service is provided at all properties. At most of our homes, a trash toter is provided. These toters must be kept in the garage of the home except on trash day. Large trash items, such as Christmas trees and large boxes, mattresses, or other items that cannot be placed in the toter, will need to be disposed of by you hauling them away or paying for their removal. We do have a service that can remove these items for a fee. Please make sure that any trash that falls out or blows out of your toter is picked up.
All the exterior of buildings and grounds are maintained by management. This includes snow removal to the front door, but not patios.
If you happen to live in a home that has a patio, you are allowed to have furniture that is approved by management, such as, chairs and a table. Children's play sets are not allowed. All your outdoor furniture can only be located on your patio. It cannot be placed in sidewalks or planters or grass areas. You are encouraged to use the common areas for recreation, but please store all toys and personal items in your home or garage when not in use. Items left outside may be thrown away by management without notice.
Smoking and Marijuana:
All homes are non-smoking. Growing of plants for production of marijuana or any other plants that require a lot of moisture are not allowed.