Statement of Rental Policy of Algonquin Apartments
Welcome to Algonquin Apartment Homes and thank you for choosing our community. We require that each Applicant and adult occupant meet certain rental criteria. Before you fill out our Rental Application, we suggest that you determine whether you meet our requirements. Please note that the term “Applicant” provided below applies to all Residents to be identified on the Lease Contract and the person or persons to be responsible for paying the rent. Please note that these represent our current rental criteria; nothing contained in these requirements shall constitute a guarantee or representation by Owner prior to these requirements going into effect. Additionally, our liability to verify whether these requirements have been met is limited to the information we receive from the various credit reporting services used.
Application Screening Criteria
All applicants must have a Social Security Number and will be approved on the following basis:
1.Applicant or applicants must be a minimum of eighteen (18) years of age or older.
All applicant (s) must be able to provide a copy of their Social Security card.
2.A. All applicants must provide a copy of their Social Security card.
B. All applicants must provide a government issued photo I.D.
C. All applicants must provide proof of income.
A non-refundable application fee of $35 is required per person for processing. If the application is approved a security deposit equivalent to a month and a half rent is due upon signing the lease. Lease shall be signed within ten (10) days after approval. These deposits are payable in a certified check or money order only. This will hold the apartment for up to thirty (30) days. Additionally, this deposit is non-refundable if the applicant (s) does not take the apartment.
Employment will be verified, 2 recent pay stubs, or (2) years tax retrun, if self employed. Or other imcome supporting data.
Income Requirement – to follow
25% of Gross Income must cover the monthly rent plus any monthly fixed obligations. If Applicants do not meet this guideline, Owner may look at other compensating factors (I.I. Credit History, Length of Employment, or Rental History) in the approval process.
It is your responsibility to provide necessary information that allows us to contact your past Landlords. You must have a history of paying your rent on time, no prior convictions, no history of default in lease obligations, and have given proper notice and must not owe any money to your Landlord. If we are unable to verify your
previous Landlords and/or references, we reserve the right to deny your application.
Application copy to follow.
Instructions: Please fill out the application form below. You may enter your information on the form below, or print and fill out by hand. In all cases, the completed application must be printed out and mailed, along with your deposit to:
1010 Saint Paul Street
Baltimore, MD 21202