201 South Lakeline Blvd, Ste 804, Cedar Park, TX Office * Fax: Online Applicant Qualifying Criteria Page 1 of 6
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1 Page 1 of 6 Thank you for applying with 360 Properties, LLC for your housing needs. In order to better serve you, we feel it is imperative that you are made aware of, and fully understand our application process and screening criteria. Incomplete application packages will not be processed until complete, no exceptions. Property Condition Applicant is strongly encouraged to view the Property prior to submitting any application. If applicant is not able to view the property an appointed representative named by letter must physically view the property prior to submitting the application for rental. The representative must be someone other than the showing agent. Landlord makes no express or implied warranties as to the Property's condition. *If applicable please list in the application any applicant request for landlord to consider regarding repairs or treatments should applicant and landlord enter into a lease. Disclosure of Agency 360 Properties, LLC agents are acting as agents for the landlord, and do not represent prospective tenants. Although 360 Properties, LLC agents show "for lease" properties to prospective tenants, they are not acting as tenant representatives, and are working as agents of the landlord. Residential qualifying criteria are subject to change at the Landlord's discretion and without notice. Tenant/Landlord Relationship The relationship between a landlord and tenant is a business relationship. A courteous and businesslike attitude is required from both parties. We reserve the right to refuse rental to anyone who is verbally abusive, swears, is disrespectful, makes threats, has been drinking, is argumentative, or in general displays an attitude at the time of the showing or during the application process that causes management to believe we would not have a positive business relationship. ERRORS & OMISSIONS While we make every effort to describe our rental properties accurately, changes can and do take place. Therefore our descriptions are subject to errors and omissions. Tenants should verify schools, pets, features, etc. Listings do not constitute a guarantee of the facts stated. ***IF YOU ARE APPLYLING FOR AN OCCUPIED PROPERTY*** The current tenants have given notice to vacate prior to your move in day. However, be advised that their lease takes precedence and they cannot be forced to vacate except by lawful eviction.
2 Page 2 of 6 Schools: If you are concerned about which school your child will attend, please verify the schools with the school district before submitting your application, because schools get capped and boundaries may change. Crime Statistics: Applicants should satisfy any concerns regarding crime statistics and sex offenders in any area where they might consider residing. This information is available free of charge on the internet. Sex Offenders: Required fee s: A separate application form must be completed, dated and signed by each applicant that will occupy the dwelling that is over the age of 18 years old. WE DO NOT ACCEPT CO-SIGNERS. Application Fee is payable online in the amount of $60 per person (individual or married), and is Non-refundable fee. Application deposit must be delivered to 360 Properties, LLC within 24 hours of application submission, and must be Certified Funds; Cashier s check or Money order only *Once application is approved the application deposit will not be refunded. If application is rejected the application deposit with be returned. Identification: Each applicant is required to provide a copy of a legible Government issued photo I.D. You will be prompted to upload Identification when applying. Application Process & Screening Criteria: 360 Properties, LLC is committed to equal housing and we fully comply with the Federal Fair Housing Act (FFHA) and the Fair Credit Reporting Act (FCRA). We do not discriminate against persons because of race, color, religion, sex, handicap, familial status, national origin, or age. We also comply with all state and local fair housing laws. We offer application forms to everyone who requests one. Approval is based on seven factors: Income verification Employment verification/history Residence history Credit history Criminal history Terrorist database search Pets Income Requirements: Applicant(s) must make 3 times the rent (net monthly income), individually or combined. All documentation must be uploaded with application submission. Must be verifiable and provide 2 months worth of pay check stubs
3 Page 3 of 6 If self-employed; most recent tax statements or last 3 months of bank statements required. New hires that are relocating to Texas: An offer letter is acceptable; must be on company letter head, and must be signed by employer. Employment Verification: In addition to the income requirements we must be able to verify employment with your current employer. If your employer charges a fee for such verification you will be responsible for paying the fee in addition to the application fee s stated immediately. Residence History: Each applicant must have verifiable rental or mortgage History: Applicant must have two years of satisfactory history. Rental history from a family member or roommate situation is not acceptable. Evictions with a pending balance, lease violations, or landlord debt of any kind will be grounds for instant denial. Foreclosures are considered on a case by case situation. *Possible grounds for denial concerning poor rental history profile of any applicant are as follows but not limited to a positive record of prompt monthly payment, sufficient notice, with no damages is expected. Poor Rental history consists of, but not limited to: a) Non-payment or 3 or more late payments of rent b) Eviction c) Skip d) Money left owing to a landlord e) Drug use f) Poor housekeeping g) Not properly maintaining the rental property or grounds h) Unruly or destructive behavior by applicant(s), occupants, applicant's guests, or pets i) Violence to persons or property by applicant(s), occupants, or applicant's guests j) If you have recently received 3-day notice to vacate. k) If you have had two (2) or more NSF checks within the last 12 months l) If you have allowed any person(s), not on the lease, to reside on the premises. Credit History: We will obtain a copy of your credit report to verify payment history and credit worthiness. Credit history should show that the resident has paid bills on time, and does not have a history of write-off s/collections. If poor credit payment history is found a larger security deposit may be required. Factors that would constitute an instant denial are as follows but not limited to: Pending Bankruptcy, non-discharged bankruptcy Unpaid child support/judgment Court ordered judgments Previous landlord debt
4 Page 4 of 6. Collections for utility companies Criminal History: Felony convictions are not accepted; (if older than 10 years, case by case may qualify) Sex crimes, Terroristic crime, and prostitution are an immediate denial despite age of crime. Misdemeanors: case by case approval depending on crime and how recent. Pets: Pet policies vary from one homeowner to another. Some owners do not permit pets, while others restrict type and/or size of pets. Pet deposits are also set per owner and vary. Please verify with your agent or the listing agent for 360 Properties, LLC. No more than two pets per household are permitted without specific owners approval. A pet interview may be required and that you bring the dog(s) to our office for approval. No Aquariums larger than 10 gallons allowed, No ferrets, reptiles or rodents of any kind are permitted as pets. All birds must be confined in cages and not allowed to reside outside of their cage. Special consideration is given to Service Animals that assist a tenant with special medical needs (Proper documentation must be provided) *Tenants will be evicted for misrepresenting the type of pet, breed, amount of pets, being in possession of any poisonous, dangerous, endangered species or otherwise illegal pet. Our pet policies are strictly enforced, and any breach will be grounds for termination of your lease agreement at tenant's expense. We require with your application, a picture of each pet that will be on the property. Amount of occupants: No more than 2 occupants per bedroom. Defined in Texas property code (d) (2) Please note: If we are unable to verify your information your application will be denied. Falsification of information given will be grounds for immediate denial. Additionally we will retain all collected application fees and application deposit as liquidated damages for our time and expenses. We also have the right to terminate your right of occupancy. NO SMOKING: Smoking is not permitted inside the home or garage. NO Businesses operated from the property. If you have a home based business that you think might be acceptable, you must get approval before submitting an application.
5 Page 5 of 6 All Forms, applications, and submitted documentation become property of, 360 Properties, LLC, and may be shared with the current property owner. Privacy Policy is followed. Disabled Accessibility concerns: Should be submitted in writing to the property manager. We must obtain Owner approval to allow modification of the premises. All modifications are at the expense of the disabled person, and the disabled person must agree to restore the premises, at their own expense to the pre-modified condition (provided the modification would affect the use and enjoyment of the premises for future residents). We require: Written proposals detailing the extent of the work to be done. Written assurances that the work is to be performed in a professional manner by a licensed/bonded contractor. Written approval from the landlord before modifications is made. Appropriate building permits and required licenses made available for the landlord's inspection. A restoration deposit may be required per Fair Housing guidelines. Upon Approval: You will be required to sign the lease within 3 business days. The property then will be removed from the market and your application deposit then is credited to the security deposit. *Before applying for one of 360 Properties, LLC properties you must read and agree to the following. If you do not agree then do not apply Properties, LLC conducts periodic inspections surveys of the property with interior pictures and sends the reports to the owner. 2. The lease agreement gives 360 Properties, LLC authorization to place a keybox on the property to market and show the property for rent last 60 days of the lease agreement. 3. You will be required to pay your rent via bank auto draft by an approved 3 rd party company which will draft your account either on the 1 st, 2 nd or 3 rd of every month. 4. Your first month rent payment will be due at move-in with certified funds only. You will be required to pay a full month s rent regardless of the day you move in. The 2nd month you will pay the pro-rated amount.
6 Page 6 of 6 Non Disparagement / Representations - BROKER and APPLICANT mutually agree, that as additional consideration, specifically the mutuality of this clause, each is prohibited from making disparaging remarks/statements or publications regarding the other to any third party, internet, or other site, effective the date of this agreement. This provision relates to remarks or statements or publications regarding this agreement, or either parties performance under this agreement. If any dispute arises regarding whether any remark/statement or publication is disparaging, the parties agree that for purposes of this provision, expressly including the enforcement of this provision detailed below, that any remark/statement or publication shall be irrefutably deemed disparaging if: (1) the other party requests, in writing, that the writing/publishing party remove the remark and/or publication; and (2) the remark and/or publication is not removed within two days of said requests. BROKER & APPLICANT mutually agree that damages for failure to comply with this provision shall be liquidated at two hundred dollars per day for each remark/statement/representation that is disparaging or is not removed within two days of request to remove said remark/statement/representation. BROKER & APPLICANT further agree that enforcement of this provision is appropriate through a temporary restraining order and/or injunctions and permanent injunctions, notwithstanding any rights under the First Amendment to the United States and Texas Constitutions, and that any party who prevails on enforcement of this provision, whether for monetary damages or injunctive relief is entitled to recover attorney fees against the other. BROKER & APPLICANT expressly submit to the jurisdiction of the State of Texas and agree that venue in any litigation touching or concerning this agreement shall be proper in only Williamson County, Texas. Have the Following Documents Ready to Upload When Applying: Government issued photo I.D. Proof of Income - pay stubs, bank statements, etc. Picture of each pet that will occupy property (if applicable) Failure to upload or these documents will delay the processing of your application If you have trouble uploading documents please documents to: nicole@360propertiesllc.com Acknowledgement and Representation: The following Application Agreement will be signed by all applicants prior to signing a lease contract. While some of the information below may not yet be applicable to your situation, there are some provisions that may become applicable prior to signing a lease contract. In order to continue with this online application, you'll need to review the Application Agreement carefully and acknowledge that you accept its terms.
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P a g e 1 SCREENING CRITERIA AND DISCLOSURE *All applicants will be charged a $65.00 application fee per adult (18 or older) *THE APPLICATION FEE OF $65.00 PER ADULT IS NON-REFUNDABLE *Each adult over
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