Rental Criteria

NON-DISCRIMINATION
Our Community (“Management”) operates in accordance with the Federal Fair Housing Act, as well as all state and local fair housing and civil rights laws. We do not discriminate against any person based on race, color, religion, gender, national origin, age, sex, familial status, handicap, disability, veteran status, or any other basis protected by applicable state or local laws. The Rental Criteria below outlines some of the policies for this community with regard to standards that may be required by each applicant in order to be approved for residency.

APPLICATIONS
All applicants must be of legal age. All parties 18 years of age or older are required to complete an application and pay any and all applicable fees. Applications are to be completed in full; applications containing untrue, incorrect, or misleading information will be denied. The application fee is non-refundable unless otherwise provided by state or local law.

IDENTITY VERIFICATION
ALL applicants are REQUIRED to show at least one of any of the following forms of identification:

• Government issued identification such as military identification, driver's license or passport
• Age of majority card
• Birth certificate
• Social security card

RENTAL SCORE
All applications are submitted to CoreLogic©, a third-party rental applicant screening company. All applications are evaluated based on a rental scoring system. Rental scoring is based on real data and statistical data such as payment history, quantity and type of accounts, outstanding debt, and age of accounts. Every applicant is treated objectively because each application is scored statistically in exactly the same manner. The rental scoring system will compare your application to CoreLogic©’s database, and by evaluating those statistics and real data in accordance with pre-established criteria set by Management, CoreLogic© will recommend one of the following:

• Accepted. The applicant will be accepted with the standard deposits and fees.
• Conditional: Depending on the community's policy, the applicant may be given the option to pay an additional security deposit and/or risk fee
• Denied. The application will not be accepted. The applicant will be provided with contact information for the consumer reporting agencies that provided the consumer information.

GUARANTORS/CO-SIGNERS
If CoreLogic© recommends "Accepted with Conditions" or "Denied," a guarantor or co-signer may be considered. In this instance, the original applicant's application will be re-submitted along with the guarantor or co-signer's application. Applications for guarantors and co-signers processed through CoreLogic© are also scored, but are typically held to a more stringent, pre-established screening standard because guarantors and co-signers are technically responsible for the payments for this residence, as well as their own place of residence.

INCOME VERIFICATION
Written verification of income in an amount equal to _3_ times the monthly rent per household will be required, along with any necessary supporting documents.

RESIDENCE VERIFICATION
Management reserves the right to verify the applicant's residence history.

CRIMINAL CHARGES/CONVICTIONS
Applicants charged convicted for certain felony and misdemeanor offenses may not be approved for residency, depending upon the pre-established criteria set by Management and/or maybe subject to Risk Fees.

EVICTIONS
Applicants who have been a party to an eviction proceeding may not be approved for residency, depending upon the pre-established criteria set by Management.

DENIAL POLICY
If your application is denied due to unfavorable information received on your screening report you may:
• Contact CoreLogic© to discuss your application and identify any unfavorable information.
• Supply CoreLogic© with proof of any incorrect or incomplete information.
• Request that CoreLogic© re-evaluate and re-report your screening information and rental score to Management
For the dispute process please contact CoreLogic© Rental Property Solutions; Consumer Relations Department (888)333-2413.

HOW YOU CAN IMPROVE YOUR RENTAL SCORE
Your rental score results from information found in your credit report, criminal history, references, and application data. Such information may include your history of paying bills and rent, the accounts you have, collections and delinquencies, income and debt. Your rental score may change if the underlying information it is based upon changes. To improve your score, concentrate on paying your bills on time, paying down outstanding balances, and removing incorrect information. Your chances of approval may also improve if you apply for an apartment with lower monthly rent, or use a guarantor or co-signer if permitted by Management.

HOW YOU CAN REMOVE INCORRECT INFORMATION
CoreLogic© is committed to accuracy and will investigate any information you dispute. If you provide proof of your claim, we will promptly make appropriate adjustments. Adjustments can take up to 30 days.

Welcome to our community. Before you apply to rent an apartment home in our community, please take the time to review this screening policy. All persons 18 years of age or older, not dependents, will be required to complete separate rental applications. Applicants with adult dependents and applying for residency will complete a joint application. The term "applicant(s)" under this policy means the person or persons that will be signing the Lease as "residents"; the term "occupant(s)" in this policy means the person or persons that are authorized occupants under the Lease. Please also note that these are our current rental criteria; nothing contained in these requirements shall constitute a guarantee or representation by us that all residents and occupants currently residing in the community have met these requirements. There may be residents and occupants that have resided in the community prior to these requirements going into effect; additionally, our ability to verify whether these requirements have been met is limited to the information we receive from the various resident credit-reporting services used. It is the policy of this community to comply with all applicable fair housing laws including those, which prohibit discrimination against any person based on race, sex, religion, color, familial status, national origin or handicap.

1. Occupancy Guidelines - The following occupancy standards apply: The maximum number of persons that we allow to occupy a dwelling is two times the number of bedrooms in the dwelling.

• "Bedroom" means an area of a dwelling intended as sleeping quarters. The term does not include a kitchen, dining room, bathroom, living room, utility room, closet or storage area of a dwelling.

* Residents who exceed these occupancy standards during the lease term will be required, upon the end of the current lease term, to either:
I. Transfer into another available apartment which has more bedrooms; or II. Move out Rent for the new apartment will be at the rental rate at the time the lease is entered into for the new apartment.

2. Age - Applicants must be 18 years of age or older unless deemed to be an adult under applicable law with respect to the execution of contracts. In respect to property jurisdiction within state law, some applicants will be required to provide current proof of emancipation.

3. Credit - A credit report will be completed on all applicants to verify credit ratings. Income plus verified credit history will be entered into a credit-scoring model to determine rental eligibility, security deposit levels, and risk fees. Unfavorable accounts, which will negatively influence this score, include, but are not limited to: collections, charge-off, repossession, and current recent delinquency; and open bankruptcies can result in denial of the application.

ADDITIONAL APPLICATION DEPOSITS WILL BE REQUIRED FOR ALL CREDIT RECOMMENDATIONS BELOW AN ACCEPT LEVEL, NOT INCLUDING A DENIED RECOMMENDATION.

Refer Credit Recommendation occurs on applicants with little or no credit history. In such cases, additional verifications for rental and income/employment will be completed. If the criteria are met in these checks, an additional deposit and/or Risk Fee will be required. On rental history, applicant must have 6 months of positive rental history within the past 24 months. (Please refer to Clause 7 of this document for detailed information on rental history requirements.) When no rental history exists, an additional deposit, and/or Risk Fee is required. A criminal background check must be approved before further approval consideration is given.

4. Income - Gross income for all applicants in one apartment home will be combined and entered into the credit-scoring model for income eligibility. All applicants will be asked to produce consecutive and most recent pay stubs for the last 4 weeks from Application Date. If handwritten pay stubs are supplied, the documents must be validly notarized to be deemed sufficient. Applicants must have a minimum combined gross income of _ 3__ times the monthly rent. Additional sources of verifiable income may be considered. These sources may include: child support, grants, pensions, GI benefits, disability, trust funds, social security and savings accounts. (The applicant must supply six current consecutive months of bank statements if any of the additional sources of income listed above cannot be provided directly from the supplier.) Some credit scoring results will necessitate further income verification. In such instances, verification with employer will be completed or applicant may be asked to produce additional financial statements/records.

5. Employment -If employment is to begin work shortly, the applicant must provide a "letter of intent" to hire from the employer.

6. Self-Employment, Retired or Unemployed - Such applicants must provide the previous year's income tax return and the previous two-month’s bank statements, or twelve months of financial statements and must exhibit no negative references. Seasonal employment must be verified by providing the prior year's tax return.

7. Rental History- Some credit scoring results will necessitate an evaluation of verifiable rental or mortgage payment history for the last 24 months. In these instances, applicant must have a minimum of 6 months’ cumulative verifiable rental or mortgage payment history within the last 24 months. If a previous proprietor cannot be contacted, six consecutive months of proof of payment must be verified and a copy of the lease contract must be provided. Applicants not having verifiable rental or mortgage history will have to pay an additional deposit equal to one month's rent. When applications also depend on the results of a rental history investigation for an approval/denial determination, applications for residency will automatically be denied for the following reasons:
i. An outstanding debt to a previous proprietor within last 12 months or an outstanding NSF check
ii. A breach of a prior lease or a prior eviction or in the process of eviction of any applicant or occupant

8. Guarantors - Guarantors will be accepted for applicants who do not meet the required rent-to-income ratio or denied on credit. Only one guarantor per apartment is permissible. For guarantor-supported applications, an additional application deposit will be required. The deposit level will be based on the credit analysis. The guarantor will be required to complete an application and pay a full application fee. Guarantors must have a gross monthly income of 5 times the monthly rent and meet all other qualifying criteria identified in this screening policy. The guarantor will be asked to sign a Guaranty of Resident Obligations to support the application. Guarantors may be relatives or an employer.

9. Criminal History- A criminal background check will be conducted for each applicant and occupant age 18 years or more. The application will be reviewed for any of the following reported criminal related reasons that have occurred within the timeline identified below prior to the application date regardless of the applicant's age at the time the offense was committed. All records are evaluated from the date of disposition. Please remember that this requirement does not constitute a guarantee or representation that residents or occupants currently residing in our community have not been convicted of or subject to deferred adjudication for a felony, certain misdemeanors or sex offenses requiring registration under applicable law; there may be residents or occupants that have resided in the community prior to this requirement going into effect; additionally, our ability to verify this information is limited to the information made available to us by the resident credit reporting services used.

Criminal Description
* Risk Fees may be assessed

10. Animals - If animals are accepted at the Implicity community where application is made, animals must be no less than six (6) months of age. A deposit – if applicable, a non-refundable animal fee and prior approval from management will be required. Aquariums will be allowed with a 20-gallon maximum on the first floor only with proof of insurance for the entire term of the lease greater or equal to $100,000.  

11. Vehicles – Number of vehicles allowed on property will be defined by the Community Policy. All vehicles must be operational and have current registration and inspection. Boats or trailers are not allowed at any time.

12. Renter's Insurance Requirement - Implicity requires all residents to carry a minimum of $100,000.00 Personal Liability Insurance coverage. In addition, we ask that you identify___”Property Name”___, C/O Implicity Resident Insurance Relations Department, 14855 Blanco Road Suite 309, San Antonio, TX 78216, as a "Party of Interest" or "Interested Party" (or similar language as may be available) on the renter's liability insurance policy. Proof of this coverage is required at initial lease signing and lease renewal. Although you may select any insurance provider, Implicity has collaborated with eRenters Insurance through RealPage INC to provide you with a convenient, well-priced option that offers you the required personal liability coverage and coverage for your personal belongings. Enclosed is a brochure on eRenters Insurance that outlines enrollment guidelines and answers several frequently asked questions regarding insurance. For more information, please contact eRenters Insurance at 888-512-4204 or you may visit their website at www.erenterplan.com.

13. Water Furniture - Water furniture will only be allowed in first floor apartments with proof of fully paid insurance for the term of the lease greater or equal to $100,000.  

14. Deposit Levels - The results of the credit score will determine the amount of Application Deposit which may be equivalent to one month’s rent.

15. Falsification of Application - Any falsification in Applicant's paperwork will result in the automatic denial of Application. In the event that an Applicant falsifies his/her paperwork, owner has the right to hold all deposits and fees paid to apply towards liquidated damages.

16. Application Fees - As allowable by State and Local legislation, a separate certified funds for the application fee must be provided with the completed rental application form. This certified fund is deposited on the same business day, or the following business day following the weekend or a holiday. In the event that the Applicant becomes a resident in Owner's apartment community, Applicant's execution of this Application shall authorize the Owner, in the event of the Applicant's death to: (i) grant to the person designated as Emergency Contact access to the Applicant's unit at a reasonable time and in the presence of the Owner or the Owner's agent; (ii) allow this person to remove any of the Applicant's property or any other contents found in the Applicant's unit or any of Applicant's property located in the mailbox, storerooms or common areas; and (iii) refund the Applicant's security deposit, less lawful deductions, to this person. Applicant also authorizes the Owner to allow this person access to remove all contents of the unit as well as property in the mailbox, storerooms and common areas if Applicant becomes seriously ill.

AUTHORIZATION: Applicant represents that all of the information provided by applicant on this application is true and complete and authorizes the verification of same and the performance of a credit check on Applicant as appropriate by all available means. In the event that Applicant provides any false or misleading information in this Application, Owner shall have the right to automatically reject this Application and the Application Deposit and Administrative Fee will be automatically forfeited by the Applicant. Applicant further acknowledges that an investigative consumer report includes information as to character, general reputation, personal characteristics, and mode of living, whichever are applicable, of the Application may be made and that any person on which an investigative consumer report will be made has the right to request a complete and accurate disclosure of the nature and scope of the investigation requested and also has the right to request a written summary of the person's right under The Fair Credit Reporting Act. Applicant hereby authorizes the Owner or the Owner's Agent to obtain and hereby instructs any consumer reporting agency designated by Owner or Owner's Agent to furnish a consumer report under The Fair Credit Reporting Act to Owner or Owner's Agent to use such consumer report in attempting to collect any amount due and owing under this Application, the Applicant's lease (to be executed after Application approval) or for any other permissible purpose. APPLICATION DEPOSIT AND NONREFUNDABLE FEES: Simultaneously with the execution of this Application, Applicant has paid: Application Deposit (the "Application Deposit") and/or Administrative Fee and Non-Refundable Application Fee. Applicant acknowledges that Owner's acceptance of Applicant as a resident at the property is conditional upon: (i) Owner's approval of this Application; and (ii) receipt of an executed Apartment Lease Agreement from Applicant. In the event any of these conditions have not been met, Owner shall have no obligation to lease to Applicant. The Application Deposit is not considered a security deposit under this Application or applicable law. The Application Deposit will either be: (i) credited to the required security deposit pursuant to an Apartment Lease Agreement executed by Applicant; (ii) refunded to Applicant as provided herein; or (iii) retained by Owner as liquidated damages as provided herein. Application Deposit Credited to Security Deposit In the event that this Application is approved by Owner and Applicant meets all other conditions of occupancy, executes an Apartment Lease Agreement with Owner as and when required by Owner, the Application Deposit shall be credited towards the security deposit identified in the Lease. Application Deposit Refunded and Administrative Fee Returned If this Application is denied, the Application Deposit and Administrative Fee will be refunded to Applicant within 30 days of submitting application. Application Deposit and Administrative Fee Retained by Owner. Owner shall be entitled to retain the Application Deposit and Administrative Fee as liquidated damages; in which case, all further obligations to lease the premises to Applicant shall be terminated if: (i) the Application is withdrawn, for any reason, after signing this Application; or (ii) the Application is accepted, but Applicant does not sign an Apartment Lease Agreement as and when required by Owner; or (iii) if the Applicant has provided false or misleading information within this Application. For the purposes of this provision, if the Applicant is required to pay an additional Application Deposit in order to qualify for occupancy, the Application shall be deemed conditionally accepted prior to the payment of such additional Application Deposit and the failure to pay the additional Application Deposit will entitle Owner to retain the originally paid Application Deposit, even if the Application is subsequently rejected by the Applicant's failure to pay the required additional Application Deposit. ________________ Dated effective on the date Owner or Owner's representative has received a completed Application from Applicant, as indicated on the application.

I ACKNOWLEDGE THAT I HAD AN OPPORTUNITY TO REVIEW THE PROPERTY’S RENTAL SELECTION CRITERIA, WHICH 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 INFOMRATION, THE PROPERTY MAY REJECT THE APPLICATION, RETAIN ALL APPLICATION FEES, ADMINISTRATIVE FEES, AND DEPOSITS AS LIQUIDATED DAMAGES FOR ITS TIME AND EXPENSE, AND TERMINATE MY RIGHT OF OCCUPANCY.

Application will not be considered until the Application has been fully executed and returned, and all applicable Application Deposits and fees have been paid. I have read and understand the entire resident screening policy of this community.