Centennial Ridge and CentennialVillage
Rental Scoring & Your Rental Application
Many landlords rely upon “Rental Scores”to estimate the relative financial risk of leasing an apartment to you. In addition to estimating risk, rental scores are an objective and consistent way of reviewing relevant applicant information, and help speed the application approval process.
How is my rental score determined?
Rental scoring systems assign points to certain factors identified as having a statistical correlation to future financial lease performance. Your rental score results from a mathematical analysis of information found in your credit report, application, and previous rental history. Such information may include your bill-paying history, the number and type of accounts you have, collection actions, outstanding debt, income, and the number of inquiries in your consumer report. The final number, or rental score, represents an estimated level of risk as compared to the performance of other consumers in a range of scores.
Because your rental score is based upon real data and statistics, it is more reliable than subjective methods of evaluating your information. Rental scoring treats all applicants consistently and impartially. Additionally, your rental score never uses certain characteristics like-- race, color, sex, familial status, handicap, national origin, or religion-- as factors.
How is my rental score used?
Rental decisions are based upon how much risk a landlord is prepared to accept. Each landlord, therefore, sets the minimum score required for approval of an application. It is possible for your rental score to yield different results depending upon where you apply. Your rental score might mean a denial at one property, while the same score might be approved at another. It all depends upon the risk a landlord is prepared to accept.
What can I do to improve my rental score?
Your rental score may change if the underlying information it is based upon changes. The total improvement, however, generally depends on how that factor relates to other factors considered by the scoring system. Nevertheless, to improve your rental score, concentrate on paying your bills on time, paying down outstanding balances, and not taking on new debt. Your chances of approval should also improve if you apply for an apartment with lower monthly rent.
Where can I have my score explained?
Should your application be denied based upon your rental score, you can learn which factors most negatively influenced your score by contacting the consumer reporting used to process your application. Contact information will be provided upon declination. Additionally, you can obtain a free copy of your consumer report, if you make the request to the consumer reporting agency within 60 days of the denial.
***Any applicants without a social security number must show proof of a work or tourist visa and leave a mandatory one month deposit to be approved for residency at Centennial Ridge & Village.
RENTAL APPLICATION
PLEASE ANSWER ALL QUESTIONS
Date of Application______HOW DID YOU HEAR ABOUT US? ______
Applicant’s Name______Social Security #:______
Date of Birth: ______Driver’s License #:______
Telephone #: (home/mobile) ______(work)______
Present Address______City/State/Zip: ______
Address When Not at School______City/State/Zip: ______
Telephone # of Apartment Community: ______Fax #:______
Employed by: ______Position/Title:______
How long on job: ______Income: $______Hourly/ Monthly/ Yearly
Supervisors Name: ______Telephone #:______
Co-Signer’s Name: ______Social Security #:______
Date of Birth: ______Driver’s License #:______
Present Address: ______City/State/Zip:______
Telephone/Email address: ______
Check one: ___Own home ___Rent ___Other
Name of Apartment Community or Mtg. Company: ______Current Rent/Mtg. Pmt. ______
Employed by: ______Position/Title:______
How long on job: ______Income: $______Hourly/ Monthly/ Yearly
Supervisors Name: ______Telephone #:______
Others who will occupy apartment:
Name______Age_____ Relationship______
Name______Age_____ Relationship______
Name______Age_____ Relationship______
Security Deposit in the sum of $______is made with the clear understanding that this application is subject to approval and acceptance. The applicant(s) agree to execute a lease and pay the prorated and/or first month’s rent before possession is given. The applicant(s) has a maximum of three days within which to cancel this application in writing and have his/her security deposit returned to him/her. If this application is canceled after 3 days, or should the applicant not execute a lease or occupy premises, the security deposit will be forfeited. If application is not approved by the owner or agent, the security deposit will be returned. The Application fee of $_____ and Administration Fee of $______are non-refundable.
By signing, the applicant(s) gives permission for the Landlord or agent to investigate the information supplied on this application and a full disclosure of pertinent facts may be made to the Landlord. Applicant understands that approval process will include a review of credit history and possible criminal background check. Furthermore, the undersigned declares that the information provided on this application is true and correct and false statements or information may result in the rejection of this and future applications for housing managed by Horizon Realty Advisors, LLC.
______
Applicant Signature Date Co-Signer’s Signature Date
CO-SIGNER ADDENDUM TO LEASE
Horizon Realty Advisors, LLC
This portion of the application is the actual co-signer agreement for the said lease at ______. This co-signer agreement is an addendum to the lease between HRA, LLC and the resident(s) and will obligate you for any and all rents and damages incurred by the resident(s) that may become due to Horizon realty Advisors, LLC over the term of the lease. The resident(s) name, rental amount and the lease term need to be filled in by you below in the appropriate spaces. Please sign the bottom of the form in the presence of a Public Notary.
CO-SIGNER AGREEMENT TERMS: INITIAL
1. Apartment Complex: ______
2. Full name of Resident to be Guaranteed by this Contract:______
3. Relation of Resident to Co-Signer: ______
4. Monthly amount to be Guaranteed for the Lease Term: ______
5. Lease Start Date: ______
6. Lease end Date: ______
I (We), the person (People) named above, do hereby guarantee full performance of the lease between TENANT stated above, residing in the above named apartment complex and HORIZON REAL TY ADVISORS, LLC, LANDLORD, for the duration of residency.
______(SEAL)
Co-Signer’s Signature Date
I, ______, a notary public for ______
Notary Public’s Name County, State
Do hereby certify that ______personally appeared before me on this day and
Co-signer Name
Acknowledge the due execution of the foregoing instrument.
Witness my hand and official seal this, the ______day of ______, 20___.
______
Notary Public Signature
My commission expires:______(Notary Seal)
****THIS DOCUMENT MUST BE NOTARIZED***
ROOMMATE PROFILE
Name______Phone ( ) ______
Current Address______
City/State/Zip Code______
E-Mail Address______
Gender: Male Female Desired Move in Date ___/___/______
Please Indicate Your Order of Preference By Writing 1st, 2nd, & 3rd In Line Provided:
Preferred Floor: ______First Floor______Second Floor ______Third Floor
**Centennial Ridge Only** Pets: ____yes _____no
______
ROOMMATE QUESTIONAIRE
Your Age as of Today:______
College Academic Level: Freshman Sophomore Junior Senior Grad
My Preference of Roommates Is: Male Female Either
I Like to Keep My Room: Very Neat Somewhat Tidy Untidy
I Would Describe Myself As: Very Quiet Average Noisy
I Study: Often Average Seldom
I Smoke: Yes No Outside Only
I Drink: Often Average Never
PREFERRED ROOMMATE(S):
Name:______Phone # ( ) ______
Name:______Phone# ( ) ______
Name:______Phone# ( ) ______
By Signing below, I understand this information will be made public to other residents in search of Roommates. I acknowledge that the Landlord is not responsible or liable for any claims, damages, or actions or any nature whatsoever relating to, arising out of or connected with disputes between potential or selected roommates. The Landlord abides by Federal Fair Housing Laws when assigningroommates.
I acknowledge that the Landlord strives to accommodate the desired Apartment Size and Roommate preferences, however Landlord cannot guarantee all preferences can be met. If I do not advise Landlord of my preferred Roommates, Landlord will assign a Roommate(s) to my unit.
______
Signature of Applicant Date
ADDENDUM TO LEASE
Centennial Ridge & Village Apartments
2450 Centennial Ridge Way Raleigh, NC 27603 919.836.8662(p) 919.832.8672(f)
PROPERTY: ______LEASE START DATE: ______
TENANT(S): ______APARTMENT #: ______
ROOMMATE AND POWER AGREEMENT/ADDENDUM
ROOMMATE
Tenant’s lease amount is $ ______per month based on ______total residents (including Tenant).
In the event that one or more of Tenant’s roommates default in their lease agreement during Tenant’s lease, then Management shall have the right to assign a new roommate or roommates to Tenant’s apartment up to the total number of roommates stated above. Management will act in good faith in assigning new roommates, however Management reserves the right to assign any new roommate that Management deems acceptable to Tenant’s apartment. Management will abide by all applicable standards/laws including the Federal Fair Housing Laws in re-renting the apartment.
Tenant may, at Tenant’s option, decide to pay rent at a new rate to be agreed upon at that time of a roommate’s leaving, in lieu of being assigned a new roommate, to make up for the lost rent.
POWER
The lease rent between Horizon Realty Advisors, LLC includes electricity to be provided subject to the following rules:
There shall be a maximum average monthly amount that shall not be exceeded by Tenant during the term of the lease. The amount shall be tied to the number of residents in a single apartment according to the following schedule:
# of ResidentsMaximum Monthly Power Bill for Apartment
3 $75.00
Tenant’s actual average monthly power bill amount shall be determined by averaging the monthly power bills for Tenant’s apartment by the number of months Tenant occupies apartment.
Tenant’s apartment has ______total number of residents (including Tenant) and if Tenants apartment’s average monthly power bill exceeds ______, then Tenant agrees to reimburse Management for the overage.
These agreements serve as addendum to the above mentioned lease with all rights and privileges accorded hereto. A violation of any part of these agreements places Tenant into default of the above mentioned lease.
______
Tenant Date
RENTAL VERIFICATION
This request for verification of rental history on the below referenced individual is part of the application approval process for residency in an apartment community managed by Horizon Realty Advisors, LLC.
I, ______(______)
Signature of Applicant Printed Name of Applicant
give permission for the information requested below to be released to Twin City Management for the purpose of application approval.
Community or Landlord Name:______
Address :______
Dates of Residency: From:______To:______
Lease fulfilled? Yes______No______
Monthly rental amount: $______Number of times late____
Number of NSF’s:____ Number of Court filings:____ Evicted? Yes No
Do they currently have a pet? Yes No Complaints: ______
Would you re-rent to this person? Yes No
Name and title of person verifying information:______
(Please print title)
______
(Signature of person verifying information)(Printed name of person verifying information)
Please fax back to (919) 832-8672. Thank you!
EMPLOYMENT/INCOME VERIFICATION
This request for verification of employment or income information on the below referenced individual is part of the application approval process for residency in an apartment community managed by Horizon realty Advisors, LLC.
I, ______(______)
Signature of Applicant Printed Name of Applicant
give permission for the information requested below to be released to Twin City Management for the purpose of application approval.
Company Name:______
Applicant’s position with company:______
Dates of employment: From:______To:______
Rate of pay: $______Yearly, monthly, weekly, hourly
(Circle one)
Average number of hours in work week:______
Probability of continued employment: ______
Name and title of person verifying information:______
(Please print title)
______
(Signature of person verifying information)(Printed name of person verifying information)
Please fax back to (919) 832-8672. Thank you!