Application Qualification Procedures and Guidelines
Lyon Place at Clarendon Center does business in accordance with the Fair Housing Act. We provide equal housing and service for all people regardless of race, color, religion, national origin, sex, familial status, age or disability.
Occupancy Guidelines: The maximum number of persons allowed to occupy an apartment is equal to 2 persons per bedroom plus 1.
Credit Worthiness: A credit report will be secured for all applicants to verify account credit ratings. An acceptable credit report is required. Determination of acceptable credit will be based on five years of past credit history. Unacceptable credit reports reflect one or more of the following: any unpaid judgments, 30% or more accounts over 60 days past due, public records of default, accounts sent to collection and bankruptcies. Prior bankruptcies must have been discharged two years prior and the applicant must have reestablished acceptable credit. Applicants will be automatically denied residency if they have a negative mortgage history.
Income/Assets: The combined gross income of all leaseholders must be equal to or greater thanforty (40) times the monthly rent. If you do not have an annual income, you must have liquid assets equal to or greater than one hundred (100) times the monthly rent. Combinations of annual salary and liquid assets are also taken into consideration. Written documentation of income or assets must be provided to the leasing office within 48 hours of applying for an apartment.
Guarantor: A guarantor will be considered if the applicant has met all the application qualification standards with the exception of the income or asset criteria. The guarantor must complete an application, meet all application qualification standards and provide proof of income in excess of sixty (60) times the monthly rent or liquid assets in excess of one hundred and fifty (150) times the rent.
Criminal History: A criminal background check will be conducted for each applicant. The criminal search will be run for all addresses at which the applicant(s) has resided over the previous 24 months. The application will be rejected for any of the following reported criminal related reasons that have occurred within the ten (10) years prior to the application date:
* Felony conviction
* Any terrorist related conviction
* Any illegal drug related conviction
* Any prostitution related conviction
* Any sex related conviction
* Any cruelty to animals related conviction
* Misdemeanor conviction involving crime against person or property
* Any of the above related charges resulting in “Adjudication Withheld” and/or “Deferred Adjudication”
* Active status on probation or parole resulting from any of the above
Reasons for not approving an application include, but are not limited to recent bankruptcy, insufficient income, criminal record, household size exceeding occupancy limits, falsification of the application information, and failing to provide qualifying information within 48 hours. Lease must be signed within 5 days after application approval or application will be canceled. All guidelines are made subject to the requirements of federal or local law as it may be amended from time to time.
Apartment Availability: The listing of available apartments to rent is updated as each apartment becomes available. This may occur at varying times throughout the day. Accordingly, available listing at business day start may differ from the available listing at business day end.
Apartment Transfer Procedures: You may transfer to other apartments within Lyon Place if you: (1) have completed the terms of the original lease; (2) have made no more than two, 30-day or less late payments in the prior 12-month period; (3) have not had legal action taken against you by Lyon Place in the prior three years; (4) re-qualify with verifiable updated salary and credit information, and (5) management has inspected your current apartment and it is judged to be in good condition. Application and Move-In fees required to reserve an apartment for transfer. |
