RENTAL CRITERIA

OVERALL STANDARDS

Fair Housing
The Community does not discriminate on the basis of race, color, sex, religion, familial status, national origin, disability, or any other class protected by applicable law. We will make reasonable accommodations and rules, policies, practices, or services when such accommodations may be necessary to afford a person with a disability the equal opportunity to use and enjoy a dwelling. We will permit, at the expense of the person with the disability, reasonable modifications of existing premises occupied or to be occupied by such person if such modifications may be necessary to afford such person full enjoyment of the premises.
Occupancy Standards
No more than two persons per bedroom, plus one additional person may occupy the apartment, unless otherwise mandated by state or local government entity. Efficiency and studio apartments are considered one (1) bedrooms, for occupancy purposes.
Identification
All visitors must present a valid driver’s license, valid passport or other U.S. or Government issued photo identification in order to view the Community and sign an application or Lease Contract.
Pet Policy
Maximum of three (2) pets per apartment. A non-refundable $400 pet fee and $20 per month pet rent, are due for each animal, per apartment. The total pet fee may be paid in two installments – 50% at time of move in and 50% with the second’s month’s rent.
The Community will not accept any animals that exhibit any type of aggressive behavior. A pet interview will be conducted prior to move in. Either a bird cage or a fish tank not to exceed 20 gallons will be allowed in each apartment. Only domesticated, common household pets will be allowed. The Community does not guarantee or represent those pets currently residing at the Community qualify under the criteria stated herein. Number and size limitations and pet rent requirements do not apply to assistance animals.
Renters Insurance Requirement
Our community requires all lease holders to carry a minimum of $100,000 Personal Liability Insurance coverage. To satisfy this requirement, you must provide evidence of insurance coverage at initial lease signing and maintain this coverage throughout the entire term of your residency. If you purchase renters insurance from a 3rd party, we require that you add our compliance partner, Ninety9 Capital MFFI Flats as an “Interested Party,” “Party of Interest,” or similar language. Proof of 3rd party coverage should be uploaded to your resident portal. Failure to provide or maintain
coverage throughout the entire term of your residency will result in an Eviction.

APPLICATION

Agreement
An application must be completed for each individual who will be living in the apartment and who has reached the age of majority under state laws, which in most states is 18 years or older. An application fee of $55 and an administrative fee of $200 will be collected before an application is processed. If you fail to answer any question or give false information, the Community may reject your application and retain all fees as liquidated damages for its time and expense.
Process
1. Complete the application. Read the application carefully as this is a legal document. Falsifying or leaving out information can result in retention of the fees paid and denial of the Application.
2. Turn in the application, and proof of income, and pay the application fee and administrative fee, if applicable.
3. Applicant will be notified of Approval, Approval with Conditions or Denial within 72 hours. If Approved with Conditions, and Applicant is unable to meet the conditions required, the Community must be notified within
24 hours.
4. Applicant will have three days to complete and execute the Lease Contract upon approval unless a longer period of time is allowed in the application.
5. Prorated rents will need to be paid before move-in. Prorated rents plus the following calendar month’s rent will need to be paid before move-in, if the move-in day is after the 25th of the month.
Security Deposit
Ninety9 Capital MFFI Flats will require a security deposit based on the final decision.
Once all parties have signed a Lease Contract, it is a valid, binding legal contract. Unless we consent in writing, if you fail to occupy the rental premises by the date specified in the Lease Contract, you will be liable
to us for damages pursuant to the Lease Contract.

ELIGIBILITY
Final approval of all applications for tenancy will be contingent on full consideration of the results of Income and Rental History verification, Credit and Criminal background screening, and full and prompt payment of all required fees.
Income History
Applicants must have a gross income source that can be verified and that meets the minimum income requirements for the apartment being leased of (2.5) times the amount of rent and have at least six weeks of verifiable income. Applicants will be required to provide income verification, including six weeks of pay stubs, proof of retirement income, social security, disability or other government income, the most recent tax return, six consecutive bank/financial statements that would show ten (3) times the monthly rental amount to be paid by Applicant, or a current offer letter for employment. In instances where sufficient income requirements cannot be met, the Community may elect to accept a qualified Guarantor. Applicants that receive voucher assistance or other subsidies will be qualified based on their voucher amount and their
portion of rent. The amount of the voucher will be verified with the granting agency. If the Applicant is responsible for a portion of the rent, they will be required to provide income verification of at least three (3)
times their portion of rent.
Guarantors
Guarantors may be used for Applicants with insufficient credit or income. In the event that a Guarantor is required he/she must complete an application, pay an application fee, and meet all Resident Selection Criteria, including income at least five (5) times the rental amount. Guarantors may also qualify with verifiable proof of financial worth at least (10) times the monthly rent amount. Guarantors will not be required to sign the lease and have no right to possession of the apartment, but will be required to sign the Lease Contract Guaranty. Guarantors will not have access to the apartment. A Guarantor will be fully responsible for the rent obligations of the Lease Contract if the occupying Resident(s) defaults on the Lease Contract.
Credit History
All Applicants are subject to approval through the Community’s third-party Applicant screening agency, Resident IQ. Screening criteria will be applied uniformly and, in a manner consistent with all applicable laws, including state and federal housing laws, federal fair credit reporting laws, program guidelines and administrative rules. Approvals of all Applicants are based on an empirical system that incorporates multiple
credit factors along with other non-statistical factors, including the Applicant’s income and credit score, to determine overall Applicant qualification. Applicants with less than two (2) years of established credit or a credit score less than 550 will be conditionally approved. Applicants with utility debt less than $250 will be Conditionally Approved. Applicants with utility debt more than $250 will be Denied.
Criminal History
Applicants will not be accepted if they have a Criminal History. “Criminal History” is defined as follows: (i) Criminal conviction or adjudication for felony violent crimes such as murder or injury to a child, felony and misdemeanor sex crimes, such as indecency with a child, sexual assault, compelling prostitution and crimes requiring registration as a sex offender, felony property crimes such as burglary and arson, or felony drug
crimes such as the illegal manufacturer or distribution of a controlled substance under the Federal Controlled Substances Act; (ii) Criminal convictions or adjudications for other felonies (that are not listed above), if the incarceration, probation, or adjudication was completed within 10 years of application. (iii) Criminal convictions or adjudications for misdemeanors involving theft of property (excluding misdemeanors
for theft by check) or misdemeanor violent crimes, if the incarceration, probation, or adjudication was completed within 5 years from the date of application. The Community operates in accordance with the Violence against Women Act (VAWA) and the Justice Department Reauthorization Act of 2005. Applicants cannot be rejected based on the Applicant being a victim of domestic violence, dating violence, sexual
assault or stalking. The Community does not guarantee or represent those residents or occupants currently residing at the Community qualify under the criteria stated herein. There may be residents and occupants that have resided in our Community prior to the current criteria being in place. Our ability to confirm the background of residents and occupants is limited to the various credit reporting services used. Our decisions are based on the information provided by the screening agency at the time of application. We are not responsible for inaccurate information obtained.
Rental History
Information regarding payment and rental history for each Applicant will be collected via our screening service. If an Applicant has landlord debt less than $250 within the last five (5) years, they will be Conditionally Approved. Applicants with Eviction records within the past five (5) years will be Denied. Applicants with a history of two (2) initial Eviction filings within the past two (2) years will be Denied.

I ACKNOWLEDGE THAT I HAD AN OPPORTUNITY TO REVIEW THE PROPERTY’S RENTAL SELECTION CRITERIA AND ATTACHED PRIVACY POLICY FOR PERSONAL INFORMATION. THE PROPERTY’S RENTAL SELECTION CRITERIA INCLUDES REASONS WHY MY APPLICATION MAY BE DENIED, SUCH AS CRIMINAL HISTORY, CREDIT HISTORY, CURRENT INCOME, AND RENTAL HISTORY. I UNDERSTAND THAT IF I DO NOT MEET THE PROPERTY’S RENTAL SELECTION CRITERIA OR IF I FAIL TO ANSWER ANY QUESTION OR
GIVE FALSE INFORMATION, THE PROPERTY MAY REJECT THE APPLICATION, RETAIN ALL APPLICATION FEES AND ADMINISTRATIVE FEES AS LIQUIDATED DAMAGES FOR ITS TIME AND EXPENSE, AND TERMINATE MY RIGHT OF OCCUPANCY.

Applicant Signature              Date
Applicant Signature              Date
Guarantor Signature             Date
Guarantor Signature             Date
Management Signature        Date