Qualification Acknowledgement

Welcome to Pine Point Apartments. Before you apply to rent a unit at The Arbors of Bastrop, please take the time to review these rental criteria. The term “Applicant(s)” under these criteria means any person that will live in the apartment 18 years of age or older. “Resident”; the term “Occupant(s)” in these criteria means any person who will resident in the apartment 17 years of age or younger. Some of our criteria apply to the applicants only; other criteria apply to all occupants. 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 at the The Arbors of Bastrop that have met these requirements. There may be residents and/or occupants that have resided at The Arbors of Bastrop 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. We are an equal housing opportunity provider. All applications will be judged without regard to any individual’s race, color, religion, sex, handicap, familial status or national origin.

Occupancy Policy:

Notwithstanding the Occupancy Standards identified below.  Family may occupy the unit if the family does not exceed 2 persons per bedroom plus a child who is less than 24 months old. Residents who have a child less than twenty-four months old at the time of lease execution, but whose child has reached twenty-four months of age during the lease term will be required to include them in the occupancy count.

Occupancy Standards:                      

One Bedroom                        -Two People per Apartment

Two Bedroom                        -Four People per Apartment

Age Requirements:

Lease Holders must be at least 18 years of age. All Applicants and Occupants age 18 years or older are required to submit an application for approval.

Credit:

An unsatisfactory credit history can disqualify an applicant from renting an apartment at the community. An unsatisfactory credit history is one that reflects past or current bad debts, late payments or unpaid bills, liens, judgments or bankruptcies. Bankruptcies will be accepted if over 7 years old and all other qualification requirements are met.  (If any Applicant or adult occupant has an unpaid debt to a pervious landlord, the application will be declined). Foreclosures will be considered with an additional deposit equal to one months rent.

Rental:

Good Current and previous rental history and/or proof of home ownership are required. More than four (4) late and/or NSF payments in a twelve (12) month period, evictions, community disturbances, damages or outstanding obligations to a landlord will not be allowed.

Income:

Applicants must currently be employed or provide evidence of a gross monthly income of no less than three (3) times the monthly rental amount. Verification of Income may include at least (6) six months proof of income including payment stubs, verifications from employer(s) by phone or in writing, or previous years tax return. Alimony, Child Support, Student allowances from parents, scholarships, study subsidies, and inconsistent income (tips, commissions, etc) will require notarized verification.

Identification:

Applicants are required to show identification and provide SSN prior to the rental application being processed. A name match to SSN issued will be performed, applications who fail the SSN analysis will be required to show documentation from the Social Security Administration in the form of an authorized letter stating the SSN provided has been issued to their name. Applicants that are not US citizens will be required to fill out a supplemental rental application.

Criminal:

A criminal background check will be performed on all applicants and occupants over the age of 18 years.  No applicants or occupants may have ever had a criminal history of being convicted of, being subject to, deferred adjudication for; (i) a felony offense; or (ii) or a misdemeanor with involves violent crime, crimes against property or sex-related crimes; or (iii) being arrested for any felony offense or the enumerated misdemeanor offenses which has not be finally adjudicated (by dismissal, acquittal, or Conviction). All Applicants may not have been convicted of a misdemeanor offense which involves violent crime, crimes against property or sex related, in the past ten (10) years (including deferred Adjudication/Probation for a Misdemeanor)

The owner of this community reserves the right, at owner’s discretion, to reject the rental application for any other criminal offenses or accept applicants who may have had a criminal history of the above-referenced offenses where the sentence was completed years prior to application.

Please remember that this requirement does not constitute a guarantee or representation that residents or occupants currently residing in our community meet these criteria; there may be residents or occupants that have resided in our community prior to this requirement going into effect; additionally, or ability to verify this information is limited to the information made available to us by the resident credit reporting services used.

Guarantor:

Guarantor will be considered on a case by case basis. Guarantor are required to have income in the amount of four (4) times the monthly rent in addition to meeting all Credit qualifications as stated in this acknowledgement.

Application Fees:

A $50 non-refundable application fee is required for any Applicant 18 years and older. All application fees are non-refundable.

Administrative Fee:

A $150 non-refundable administrative fee will be due and paid at the time of application submission. 

Resident Transfer Fee:

A $300.00 Non-Refundable transfer fee is required along with a Resident Transfer Agreement.  The apartment must be in good condition, and a walkthrough will be completed by management prior to approval of the transfer. Resident(s) must be in good standing, defined by satisfactory payment history, no NSF checks, no past due amounts and no lease violations etc. If transferring to a more expensive apartment, income requirements must be met.

Animals:

No more than two animals per apartment. All dogs must have a pet interview prior to move in and acquire approval of Management. A $400 non-refundable animal pet fee, along with prior approval from management will be required. Pet Rent of $ The max weight per pet on the 2^nd floor is 35 lbs. All pets must have updated rabies & shot Records. Registration with the City of Bastrop is 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.

Roommates and Co-Applicants: Each is fully (jointly and severally) responsible for the rental payment and all must complete an application, pay the application fee and execute the Lease.

Any falsification of information on the application automatically disqualifies the applicant or occupant.

Cancellation of Application:

If the applicant or any co-applicant finds it necessary to withdraw an application, we will be entitled to retain all application deposits as liquidated damages, and the parties will then have no further obligation to each other.

Security Policies:

We are concerned about your safety but we cannot provide it or guarantee it. As you can appreciate, no one can ensure your safety. You will find that many aspects of our property help deter crime; however, no security system, patrol or electronic security device can prevent crime. Do not rely upon any measures we take or feature of the property for your security. Crime will occur in the neighborhoods as well as apartments. If you would like to be informed as to the crime statistics in this Property’s geographic area, you may contact the Bastrop Police Department, Public information Office.

Renters Insurance: Each resident is required to carry renters’ insurance with a minimum $100K liability coverage.