Morris
Hill
Townhomes

OUR RENTAL GUIDELINES

Lease Qualifying Criteria for Morris Hill Townhomes:

1. Verifiable Gross Income of 2.5x the Monthly Rent

Roommates and/or Sponsor Guarantors Must Have Gross Income of 4x the Monthly Rent

2. Good Established Credit or Additional Guarantees

Good Credit = Several lines of credit paid as agreed

Fair Credit = One or two issues or a medical related bankruptcy or explainable conditions

Bad Credit = Collection accounts, unpaid judgments, tax liens, bankruptcies

Note: A Sponsor Guarantee (co-signer) may be required to offset lacking credit conditions

3. Positive Rental History or Housing References

Background reports with evictions, felony or drug convictions, violent misdemeanors,

or association with any of the above conditions are automatically denied.

The Standard Deposit:

$325 minimum; non-refundable application fees are $25 per adult

Qualification When Income Requirements Are Met

Your Credit Rating as Described Above:	Your Deposit if You Have Rental References:	Your Depost if You Do NOT Have Rental References:
GOOD CREDIT	Standard deposit only: $325	$425 deposit required
FAIR CREDIT OR NO ESTABLISHED	$525 deposit required or $325 and a Sponsor Guaranty	$525 deposit required
BAD CREDIT	$625 deposit required	$625 deposit required Sponsor Guaranty also required

Your Credit Rating as Described Above:	Your Deposit if You Have Rental References:	Your Depost if You Do NOT Have Rental References:
GOOD CREDIT	$725 deposit required or $425 and a Sponsor Guaranty	$725 deposit required Sponsor Guaranty also required
FAIR CREDIT OR NO ESTABLISHED	$825 deposit required or $525 and Sponsor Guaranty	$825 deposit required Sponsor Guaranty also required
BAD CREDIT	Application denied	Application denied