Job Stability - a) eighteen (18) months at present place of employment. b) If fewer than 18 months, previous employment to be verified.
Earning Power - monthly rental and associated payments must not total more than 25-30 percent of applicant's gross income. The applicant's total fixed obligations should not total more than 50 percent of gross income.
Current & Previous Residency Record - addresses for the previous two years are to be verifiable. A record of timely rental payments and appropriate care of leased premises is to be confirmed.
Credit - applicant must have satisfactory credit history.
Self-employed - self-employed applicants are to be verified by IRS form 1040 for the previous year.
Salaried Employment - verified through Personnel or Human Resources department and not through a co-worker or immediate supervisor. If it is a small, owner operated business, verify with owner only.
If the applicant does not qualify under the Earning Power Criteria, applicant may add a guarantor who must meet the above six (6) criteria and cosign the lease. A separate application fee is due from guarantor.
A recently graduated student is an acceptable applicant if he or she meets income and previous residency record requirements, does not have a poor credit record, and has good references.
If applicant has no credit history or previous residency record, property manager may request additional security such as a double security deposit, last month's rent, or a combination of both payable in advance. Acceptance is at the discretion of the Property Manager.
Density Guidelines - we follow the Hud two (2) person per bedroom guideline whether occupants are adults or children. Children sharing bedrooms: under 5 years old can be of different sex; over 5 years old must be of the same sex.
5901 Louisville Street, New Orleans, LA 70124
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