Application Guidelines:

APPLICATION SCREENING GUIDELINES
08/10/2008

Thank you for your interest in the homes we have available. Please take a moment to review these screening guidelines to better assist you in understanding the application process. Please don’t hesitate to contact us if you have any questions.

APPLICATION FEE – Each adult applicant (over 18) must submit a complete rental application together with a $25.00 non-refundable application-processing fee.

INCOME – Total monthly gross income must be at least two and one-half (2½) times the amount of the monthly rent. Applicants must show proof of income by providing pay stubs or other income verification documents, such as income tax returns and/or recent bank statements.

DEBTS – Contracted/installment debts, i.e., credit cards, auto loan, new monthly rent, etc., may not exceed the applicant’s gross monthly income by more than 50 percent.

EMPOYMENT – Your employer will be asked to verify your employment and income.

CREDIT HISTORY – A credit report score of 500 or higher is desired. However, applicants with credit scores between 475 and 499 will be considered providing the applicant pays an additional security deposit of $200 in addition to the standard security deposit of $300.00. A credit score below 475 is not acceptable. The absence of a credit file or sufficient credit activity to generate a credit score will also require the applicant to pay an additional security deposit of $200.

OCCUPANCY LIMIT – Occupancy is limited to two (2) persons per bedroom.

EVICTIONS – No evictions within the past two (2) years.

PETS – No pets of any type are allowed.

RENTAL HISTORY AND REFERENCES – Satisfactory rental history and references from landlords, employers and personal references.

CO-APPLICANTS – Combined income is acceptable. If incomes are combined, monthly debts will also be combined. All other screening standards must be met on an individual basis.

CO-SIGNORS/GUARANTORS – Applicants unable to meet the above criteria may be eligible for a rental unit by having a third party guarantee the rental agreement. The co-signer/guarantor must live in and own real estate in Virginia. The co-signor/guarantor must submit a written application with the application fee and must meet the screening standards. The co-signor/guarantor must sign the rental agreement and a separate Co-Signor/Guarantor Agreement.

First months rent and security deposit must be paid in certified funds (cashier’s check or money order) at the time the rental agreement is signed.

Woodbine Properties, Inc. is committed to Equal Housing Opportunity. We do not discriminate on the basis of race, color, creed, religion, sex, national origin, elderliness, familial status, handicap or other condition protected by applicable federal, state or local laws or regulations.