Fillable Vermont Rental Application (Page 3 of 3) in pdf

RESIDENT SELECTION POLICY

INCOME VERIFICATION

We require verification of income for all applicants or household members 18 years or older. Proof of Income can be 2 most

recent paystubs, if self-employed-most recent tax return, letter from employer (on letterhead), Statement from Government

Agencies. Eligible income includes: salary, commission, pension, annuities, social security, disability, child support, alimony,

etc. “Under the table” or “off the books” income is not considered.

REFERENCES

References will be obtained from all Landlords in the last three years or from the last two successive tenancies in cases where

the current tenancy is less than three years. If applicant is living with family or friends, a landlord reference will be sought from

that household’s landlord if applicable. Negative information from a former landlord is grounds for rejecting an application.

CREDIT/CRIMINAL BACKGROUND CHECKS

Credit and criminal checks of all household members 18 years of age and older will be obtained from a credit bureau. Negative,

poor, or an absence of credit history is grounds for rejecting an application. Past or present evictions or criminal behavior may

result in rejection of an application.

GUARANTOR(S)

Guarantors may be required in cases where applicants have insufficient or negative credit, rental, or employment history.

Applicants who do not meet the minimum income requirements may be required to provide a guarantor. Guarantors will not be

accepted for applicants with unsatisfactory credit, rental history, and employment verification under the same guidelines as the

applicant. The guarantor must have sufficient income or assets to meet their own obligations as well as the rent. They will be

required to sign a guarantor lease addendum. Guarantors will not be considered for applicants whose monthly income is less

than 50% of the monthly rent.

FINANCIAL STANDARDS

Applicants must have sufficient income so that their rent (including any parking fees) does not exceed 40% of the combined

gross household income. Applicants must also demonstrate satisfactory past performance in meeting financial obligations

including but not limited to rent payment and payment of utility bills.

DISABILITY

Applicants requesting consideration based on any disability or handicap that is not readily visible must provide verification of

physical disability or handicap from the applicant’s physician.

ADDITIONAL INFORMATION

Redstone is an equal opportunity housing provider. We do not discriminate on account of race, sex, sexual orientation, color,

age, familial status, marital status, religion, national origin, U.S. military veteran status, disability, gender identity or gender-

related characteristics.

Please allow 7-10 business days for your rental application to be processed. We are unable to hold a unit without a security deposit.

Once your application has been processed, you will be notified by phone or e-mail.

Vermont Rental Application Page 3