Chestnut
Valley
Townhomes

Chestnut Qualify

OUR RENTAL GUIDELINES

Lease Qualifying Criteria for Chestnut Valley 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

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: $350	$450 deposit required
FAIR CREDIT OR NO ESTABLISHED	$550 deposit required or $350 and a Sponsor Guaranty	$550 deposit required
BAD CREDIT	$650 deposit required	$650 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	$750 deposit required or $450 and a Sponsor Guaranty	$750 deposit required Sponsor Guaranty also required
FAIR CREDIT OR NO ESTABLISHED	$850 deposit required or $550 and Sponsor Guaranty	$850 deposit required Sponsor Guaranty also required
BAD CREDIT	Application denied	Application denied