Application Standards

AVAILABILITY: Applications for apartments will be accepted on a first come, first serve basis. All information on the application must be complete, accurate and verifiable. All appropriate application fees and deposits must be paid before an application will be accepted and/ or processed. Apartments will be reserved for applications based on the availability of the unit type requested by Applicant.

LEGAL RESIDENCY: All Applicants and prospective occupants must provide appropriate verification of their lawful residence in the United States as requested by Management.

RENTAL RATES: Rental Rates are subject to change without notice, however are held to the quoted rate during processing of the application.

RENTAL APPLICATIONS: A Rental Application must be truthfully completed for each prospective applicant and/ or occupant who is of the legal age of eighteen (18) or older (State of Alabama, age 19 is legal age) and who will occupy the apartment. Any false information may cause application to be rejected or lease to be nullified. A non-refundable application processing fee will be required for each applicant. This fee may vary from property to property. The Applicant's information will be entered into a scoring system, which determines both rental eligibility and the security deposit amount, which will be required. All adult occupants (non-lease holders) will be required to complete a rental application and meet guidelines as outlined below for qualification pertaining to a criminal background check.

STATE AND LOCAL LAW: To the extent state or local law differs from these guidelines, state or local law will govern.

APPLICATION EVALUATION

Screening Criteria: An outside consumer reporting agency is used in connection with the verification of applicants' income, credit, rental, and criminal history. In addition, based on their credit history and debt to income ratio, applicants may be required to provide evidence of income and rental history and larger than standard deposit satisfactory to Management and as requested by Management. The consumer reporting agency considers a number of factors in its determination, including, but not limited to, the following: credit history, criminal history, income, applicants debt and debt service requirements, debt payment history, eviction history, Social Security fraud history, information about applicants contained in databases of Federal, state, and local law enforcement organizations, and other such relevant information.

Credit: Good credit history is required for standard acceptance. Applicants with no credit, slow credit or marginal credit may be approved with an additional conditional deposit, as outlined below. Information from several credit reporting agencies may be used to determine credit status.

Occupancy History: 3 Points Properties reserves the right to verify up to 36 months of rental history. A positive record of prompt monthly payment, sufficient notice given and no damages is expected. Renting from a relative is not considered rental history; as a contract performance cannot be determined. Home mortgages can substitute for rental history. If there is no rental history, application may be approved with an additional security deposit.

Employment: Proof of stable and verifiable current employment must be provided. Annual income is taken into account as a portion of the approval process. Acceptable methods of proof of income may include: recent pay-stubs; the most recent W-2 form; or, for self- employed applicants, a copy of the most recent tax return or certified verification from his/ her company accountant or bank. Individual applicants must gross 3X the monthly rent; roommates must, combined, gross 3X the monthly rent.

Criminal Background: A criminal background check will be conducted for each applicant and prospective occupant who is of the age of eighteen (18) or older. The application or occupancy of any person may be denied at any time based on their criminal history, in Management's sole and absolute discretion. Criminal history for which Management may deny applications or occupancy include, but are not limited to, felony conviction OR any conviction, active parole, “adjudication withheld” or “deferred adjudication” resulting from charges related to: terrorism, crimes involving possession, manufacture, or delivery of any controlled substance, marijuana, drug paraphernalia, weapons, fraud or financial crimes, prostitution, sex, animal cruelty, OR crimes held against persons or property.

International Applicants with no Social Security Number: May be approved with verification of income, employment verification, completion of criminal background check; and any of the U.S. Citizenship and Immigration Services (USCIS) documents listed on the state supplemental application that prove entitlement to be in the United States. Lease end dates must not extend beyond the expiration date of the documents. Additional deposit may be required.

GUARANTOR/COSIGNER: In the absence of any of the above financial qualifications, with the exception of negative credit or rental history, a guarantor may be accepted. Guarantor must complete a rental application and must fully meet the credit and criminal background requirements. Guarantor's gross monthly income must equal six (6) times the monthly rent. Guarantor's income and employment must be verified. Guarantor's application must be run separately from the Applicant's application. All Applicants using a Guarantor must abide by the Screening Recommendation. Guarantor must sign the guarantor agreement and all other documents required by Management. Guarantor will be fully responsible for the lease if the Resident(s) default.

RESERVATION FEE/ ADMINISTRATIVE FEE: A non-refundable Reservation/ Administrative fee may be required at the time of application. If management rejects the application, the reservation fee/ administrative fee will be refunded. If Applicant cancels application, fails to sign the lease contract after approval, or withdraws the application before approval, state and local ordinances will be followed as outlined on the Application Agreement in paragraphs 3, 6 & 7 regarding refunding the administrative fee.

CONDITIONAL DEPOSIT: If the credit history of the applicant(s) falls below required approval guidelines a one-time non-refundable conditional or risk fee may be required. This fee is determined by management based on approval standards and must be paid by the applicant in full prior to move in.

SECURITY DEPOSIT: A Security Deposit is required to reserve an apartment. The Security Deposit, or any portion thereof, may be applied by Management to satisfy all or part of the Resident's obligations. Management may require payment for damages above and beyond those covered by Security Deposit, if such charges are warranted. If management rejects the application, Security Deposit will be refunded in full. If Applicant cancels application, fails to sign the lease contract after approval, or withdraws the application before approval, state and local ordinances will be followed as outlined on the Application Agreement in paragraphs 3, 6 & 7.

RENTER'S INSURANCE: Proof of a current Renter's Insurance Policy is required, check with your Leasing Consultant for details and requirements. Management retains the right to force place coverage in the event a resident's policy is cancelled for any reason during their residency. A renter’s insurance plan is available to be paid with rent, through management, to a third party, if the resident opts to utilize the plan.

OCCUPANCY STANDARDS AND MULTIPLE RESIDENTS: Two (2) people per bedroom, unless local ordinances state otherwise. (Under this standard, newborns less than eighteen (18) months of age are not counted as an additional occupant.) Multiple Applicants/ Residents must qualify jointly for the apartment. All Leaseholders are fully responsible for the entire rental payment, and each must execute the Lease Agreement and its supporting documents.

ANIMALS (PETS): Acceptable animals include domestic cats, dogs, turtles, non-poisonous frogs, domestic hamsters, hermit crabs, gerbils, and small domesticated birds and domestic fish. All other animals are prohibited, including snakes, spiders, ferrets, and iguanas. When and if an approved animal is permitted on a property, additional fees are required. Additional requirements may be imposed. This policy does not apply to disabled persons who require the use of a support animal, which will be reviewed on an individual basis.

FAIR HOUSING STATEMENT: 3 Points Properties is committed to compliance with all federal, state and local fair housing laws. It is our policy to comply with all laws prohibiting discrimination based on race, color, religion, national origin, sex, familial status, disability, and any other local laws protecting specific classes.

ADA STATEMENT: 3 Points Properties is committed to compliance with the Americans with Disabilities Act by allowing the modification of existing premises for reasonable accommodations at the expense of the disabled person, if the person agrees to restore the premises at their own expense to the pre-modified condition provided the modification would not affect the use and enjoyment of the premises.

 


The following Application Agreement will be signed by you and all co-applicants prior to signing a Lease Contract. While some of the information below may not yet apply to your situation, there are some provisions that may become applicable prior to signing a Lease Contract. In order to continue with this application, you’ll need to review the Application Agreement carefully and acknowledge that you accept its terms.

1. Lease Contract Information. The Lease Contract contemplated by the parties will be the current Lease Contract. Special information and conditions must be explicitly noted on the Lease Contract.

2. Approval When Lease Contract Is Signed in Advance. If you and all co-applicants have already signed the Lease Contract when we approve the Application, our representative will notify you (or one of you if there are co-applicants) of our approval, sign the Lease Contract, and then credit the application deposit of all applicants toward the required security deposit.

3. Approval When Lease Contract Isn’t Yet Signed. If you and all co-applicants have not signed the Lease Contract when we approve the Application, our representative will notify you (or one of you if there are co-applicants) of the approval, sign the Lease Contract when you and all co-applicants have signed, and then credit the application deposit of all applicants toward the required security deposit.

4. If you Fail to Sign Lease Contract After Approval. Unless we authorize otherwise in writing, you and all co-applicants must sign the Lease Contract within 3 days after we give you our approval in person or by telephone or within 5 days after we mail you our approval. If you or any co-applicant fails to sign as required, we may keep the application deposit as liquidated damages, and terminate all further obligations under this Agreement.

5. If You Withdraw Before Approval. If you or any co-applicant withdraws an Application or notifies us that you’ve changed your mind about renting the dwelling unit, we’ll be entitled to retain all application deposits as liquidated damages, and the parties will then have no further obligation to each other.

6. Approval/Non-Approval. We will notify you whether you’ve been approved within 10 days after the date we receive a completed Application. Your Application will be considered “disapproved” if we fail to notify you of your approval within 10 days after we have received a completed Application. Notification may be in person or by mail or telephone unless you have requested that notification be by mail. You must not assume approval until you receive actual notice of approval. The 10-day time period may be changed only by separate written agreement.

7. Refund after Non-Approval. If you or any co-applicant is disapproved or deemed disapproved under Paragraph 6, we’ll refund all application deposits within 30 days of such disapproval. Refund checks may be made payable to all co-applicants and mailed to one applicant.

8. Extension of Deadlines. If the deadline for signing, approving, or refunding under paragraphs 4, 6, or 7 falls on a Saturday, Sunday, or a state or federal holiday, the deadline will be extended to the end of the next business day.

9. Keys or Access Devices. We’ll furnish keys and/or access devices only after: (1) all parties have signed the Lease Contract and other rental documents; and (2) all applicable rents and security deposits have been paid in full.

10. Application Submission. Submission of a rental application does not guarantee approval or acceptance. It does not bind us to accept the applicant or to sign a Lease Contract.

1. Application Fee (Non-Refundable). You agree to pay to our representative the non-refundable application fee in the amount indicated in paragraph 3. Payment of the application fee does not guarantee that your application will be accepted. The application fee partially defrays the cost of administrative paperwork. It is non-refundable.

2. Application Deposit (may or may not be refundable). In addition to any application fee(s), you agree to pay to our representative an application deposit in the amount indicated in paragraph 3. The application deposit is not a security deposit. The application deposit will be credited toward the required security deposit when the Lease Contract has been signed by all parties; OR, it will be refunded under paragraph 7 of the Application Agreement if your application is not approved; OR, it will be retained by us as liquidated damages if you fail to sign or attempt to withdraw under paragraphs 4 or 5 of the Application Agreement.

3. Fees Due. Your Rental Application will not be processed until we receive your completed Rental Application (and the completed Rental Application of all co-applicants, if applicable) and the following fees: 1. Application fee (non-refundable): $__50____ 2. Application deposit (may or may not be refundable): $__100-Studio $150-1 Bedroom $250- 2 Bedroom $350- 3 Bedroom______________

4. Completed Application. Your Rental Application for Residents and Occupants will not be considered “completed” and will not be processed until we receive the following documentation and fees:
  • 1. Your completed Rental Application;
  • 2. Completed Rental Applications for each co-applicant (if applicable);
  • 3. Application fees for all applicants;
  • 4. Application deposit for the Unit.
  • 5. Notice to or from Co-Applicants. Any notice we give you or your co-applicant is considered notice to all co-applicants; and any notice from you or your co-applicant is considered notice from all co-applicants.
I authorize 3 Points Properties LLC to obtain reports from any consumer or criminal record reporting agencies before, during, and after tenancy on matters relating to a lease by the above owner to me and to verify, by all available means, the information in this application, including criminal background information, income history and other information reported by employer(s) to any state employment security agency. Work history information may be used only for this Rental Application. Authority to obtain work history information expires 365 days from the date of this Application.

Payment Authorization I authorize 3 Points Properties LLC to collect payment of the application fee and application deposit in the amounts specified under paragraph 3 of the Disclosures. Non-Sufficient Funds and Dishonored Payments. If a check from an applicant is returned to us by a bank or other entity for any reason, if any credit card or debit card payment from applicant to us is rejected, or if we are unable, through no fault of our own or our bank, to successfully process any ACH debit, credit card, or debit card transaction, then: (i) Applicant shall pay to us the NSF Charge; and (ii) We reserve the right to refer the matter for criminal prosecution

ACKNOWLEDGMENT You declare that all your statements in this Application are true and complete. You authorize us to verify the same through any means. If you fail to answer any question(s) or give false information, we may reject the application, retain all application fees and deposits as liquidated damages for our time and expense, and terminate your right of occupancy. Giving false information is a serious criminal offense. In lawsuits relating to the application or Lease Contract, the prevailing party may recover all attorney’s fees and litigation costs from the losing party. We may at any time furnish information to consumer reporting agencies and other rental housing owners regarding your performance of your legal obligations, including both favorable and unfavorable information about your compliance with the Lease Contract, the rules, and financial obligations.