Rental Application Process

Please be prepared to pay the application fee as outlined in the property listing. In addition to this rental application, you must also provide a copy of a valid form of identification and proof of income. To complete this rental application, you must provide 3 years of residential history as well as contact information for your rental references. You will also be asked to provide information on your monthly income. Please note that most properties require the applicant's combined gross income to be at least three (3) times the monthly rent amount.


Statement of Rental Policy

Welcome to a Riley Companies managed apartment community! All persons are free to apply for residency at any time. However, to reside in our community, each applicant and/or co-signer must meet our rental criteria. Before you fill out our Rental Application, you must review, sign and date the following criteria. Note that the term “Applicant” provided below applies to all residents to be identified on the Apartment Lease Agreement and/or co-signers. Nothing contained in these criteria constitutes a guarantee or representation of approval by Riley Companies or this property. Our ability to verify whether these criteria have been met is limited to the information we receive from the credit reporting service used. If all applicants do not meet all criteria, an application will not be approved. All applications are subject to approval by Riley Companies based on the following criteria:


Identification

Each Adult living in the apartment must complete and submit an application. Applicants must be at least eighteen (18) years old and possess a valid, government issued photo ID.


Occupancy Guidelines

  • Efficiency/Studio: Maximum of 2 persons (no more than 2 adults)
  • 1 Bedroom: Maximum of 3 persons (no more than 2 adults)
  • 2 Bedroom: Maximum of 5 persons (no more than 3 adults)
  • 3 Bedroom: Maximum of 6 persons (no more than4 adults)


Employment History / Student Status

Verifiable employment and/or gross income of at least two and seven tenths (2.7) times the amount of the monthly rent is required. Applicants that do not meet the income or credit requirements must pay an additional deposit. A student ID will be required from all persons claiming student status. International students are required to produce a current I-20 and/or IAP-66 from the school being attended. International students with internship status must produce an Employment Authorization Document. Green Card holders must produce a copy of their Permanent Resident Card.


Residential History

We will not approve an application if there is an outstanding balance due to an apartment community or mortgage company. Should an applicant have a balance or failure to fulfill a lease agreement with another apartment community, the applicant will need to provide a written statement from the rental management, or the mortgage company, that the balance has been paid in full. Applicants with derogatory or negative rental history may be declined.


Unlawful detainers or evictions filed in the last five (5) years will be cause for immediate denial of an application. Unlawful detainers or evictions filed within the last five (5) years may additionally be a reason to deny an application or require an increased deposit.


Credit Background Check

Applicants will be accepted based on their credit risk decision score according to the following scale:

  • A decision score of “Moderate” or “Minor” will be approved with no conditions.
  • A decision score of “Limited Established Credit,” “No Established Credit,” or “High” will be approved with an additional security deposit equal to one (1) month’s rent.
  • Applicant must notify Riley Companies within 24 hours of notification of the increased deposit if they are unwilling to pay it.
  • A decision score of “Severe” will be denied.


Additional Credit Screening Details:

  • An applicant with an unsatisfactory credit report will be denied.
  • Excessive collection accounts, including utility accounts (regardless of status), will result in denial of the rental application.
  • All utility collection accounts within the last 2 years must be paid in full and confirmation presented with the application in order to be approved.
  • An applicant whose credit report contains more negative than positive history may be approved subject to an additional deposit.
  • Bankruptcy (regardless of discharge) or repossession within the last 2 years may be grounds for denial of the application or may require an additional deposit for approval.
  • Rental housing debt, evictions, or collections within the last 5 years will result in automatic denial of the application.
  • Any unresolved tax liens will negatively impact the overall applicant screening result.



Criminal Background Check

A criminal background check will be conducted and must be able to be completed on each applicant. Applicants who have an adverse criminal/public record history may be rejected. A criminal/public record history of convictions, or open and pending charges, may be a basis for denial. When considering criminal/public record history, we evaluate the age and severity of the offense and its potential impact on the safety and welfare of residents, Management staff, the property's well-being and reputation, and compliance with rental licensing, local ordinance requirements, and participation in any crime-free/drug-free housing program.


Business Relationship

The relationship between a landlord and resident is a business relationship. A courteous and business-like attitude is required from both parties. We reserve the right to refuse rental to anyone who is verbally abusive, swears, is disrespectful, is threatening, has been drinking, is argumentative, or in general displays an attitude during the apartment showing and application process that causes Management to believe a positive business relationship would not be possible. After the approval process is complete, the applicant(s) will have 72 hours to submit income verification (pay stubs, offer letters, W2’s, etc.) communicate additional
lease preferences (parking, storage, pets, etc.), and sign the lease. If the above items are not completed within 72 hours of approval, Riley Companies reserves the right to rescind the hold on the apartment and begin marketing efforts. At this time the pre-lease deposit will be forfeited.


All applications will be submitted to Appfolio. for screening. Their contact information by telephone is: 1-866-648-1536. Written requests by mail can be sent to the following address: AppFolio, Inc. 50 Castilian Drive Santa Barbara, CA 93117. Falsification, misrepresentation or withholding of information or submission of inaccurate and/or incomplete information on any application whether or not discovered before you move into the building, is grounds for denial of an application or termination of an existing tenancy and lead to forfeiture of any deposit paid. All leaseholders must be physically present for the lease signing. No personal belongings will be permitted in an apartment prior to move in.


Equal Opportunity/Fair Housing

Riley Companies, as the managing agent is fully committed to equal housing opportunity. We do not discriminate against anyone on the basis of race, color, creed, religion, gender, disability, familial status, national origin, affection preference, marital status or receipt of public assistance.


Riley Companies adheres to the Fair Housing Law (Title VII of the Civil Rights Acts of 1968 as amended by the Housing and Community Development Act of 1974 and the Fair Housing Amendment of 1988), which stipulates that it is illegal to discriminate against any person in housing practices because of race, color, creed, religion, gender, national origin, disability, familial status, affection preference, marital status or receipt of public assistance.