Rental Application & Security Deposit
Criteria
Thank you for your interest in Ethan Pointe.
In order to reside in our community, we require
each adult occupant to meet certain rental
criteria.
- INCOME – Each applicant must have
verifiable monthly income of at least 3
times the market rent. Verification can
include pay stubs, written verification from
income sources, phone verification by an
employer, statements from accountants and
tax returns.
- RENTAL HISTORY – Each applicant must
have a satisfactory rental history.
Satisfactory history is defined as no more
than 2 late payments or returned checks, the
resident gave adequate notice to vacate and
there are no outstanding obligations to the
landlord. The previous landlord must state
that they would be willing to re-rent to the
applicant.
- CREDIT HISTORY – All applicants will
have their credit history checked through a
credit information service. In the case of
roommates, approval and security deposit
amounts will be determined by averaging the
beacon scores.
- SECURITY DEPOSIT – The amount of
security deposit due will be determined by
the beacon scores included with the credit
history. In roommate situations, to
determine the security deposit required,
beacon scores will be averaged. Cosigners
beacon scores will not be considered. The
guidelines are as follows:
- 700 & above: None
- 650-699: $200
- 625-649: $300
- 600-624: $400
The maximum security deposit will be
required if no beacon score is available.
The security deposit is due at the time of
approval of application.
- PETS – Pets are accepted and must be at
least 1 year in age and will not exceed 50
lbs. No exotic pets are allowed and no more
than 2 pets per apartment. We do not allow
pit bulls and rottweiler breeds. All pet
fees and deposits are due prior to move in.
The pet deposit is $150 per pet and the pet
fee is $150 per pet. There is an additional
pet rent per pet due monthly.
- APPLICATION FEE – The move in fee is $50
which includes 1 application fee of $30.
Additional applications submitted will be
charged an additional $30 application fee.
If you are denied based on the rental
criteria you will be refunded your move-in
fee less the application fee. However, if
your income verification is not into the
office within 72 hours, you forfeit your
move-in fees whether you are approved or
denied.
- CANCELLATION OF APPLICATION - If an
applicant cancels an application for move in
within 72 hours of submitting an
application, the security deposit and
application fees (less $30 per applicant)
will be refunded. After 72 hours the
application fee and deposit will not be
returned.
- CO-SIGNERS – Co-signers are allowed for
income requirements only. Co-signers must
meet all rental criteria to be accepted.
Co-signers are not accepted for credit
worthiness.
If you have any questions or would like more information, please call us at
336-584-3337,
email us or use our
contact form.
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