APPLICATION FOR LEASE

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1 APPLICATION FOR LEASE COMMUNITY DATE TIME: [ ] AM [ ] PM Type of Apartment Desired: STUDIO 1BR 2BR 3 BR GARDEN TOWNHOUSE Date Occupancy Desired: / / Traffic Source Agent APARTMENT OCCUPANTS (Note: All adults to occupy apartment must sign the lease.) (Head of Household) Phone # MARITAL STATUS: [ ] Married [ ] Separated [ ] Unmarried IN CASE OF EMERGENCY NOTIFY: (Nearest relatives not living with you.) Address City/State/Zip Phone Relationship Address City/State/Zip Phone Relationship COMPLETE THE FOLLOWING WHERE APPLICABLE: EMPLOYMENT Present Employer (Name of Company) Address Business Phone: Supervisor s Name Phone: Your Position: How Long? Gross Income: [ ] Yr [ ] Mo Former Employer (Name of Company) Address Business Phone: Supervisor s Name Phone: Your Position: How Long? Gross Income: [ ] Yr [ ] Mo Spouse s Present Employer (Name of Company) Address Business Phone: Supervisor s Name Phone: Your Position: How Long? Gross Income: [ ] Yr [ ] Mo

2 OTHER INCOME (i.e. part-time job, assistance, disability, pensions, asset interest, etc.) Source Monthly Gross Source Monthly Gross Source Monthly Gross Income from alimony, child support or maintenance payments need not be revealed if you choose not to disclose such income. Is any of the above monthly income derived from alimony, child support or maintenance payments? [ ] Yes [ ] No RESIDENCE HISTORY Present Address Former Address Apt./Landlord/ Mortgage Name Apt./Landlord/ Mortgage Name Business Phone: Business Phone: How Long? How Long? Monthly Payments Monthly Payments Reason for Moving from Present Address: [ ] Job Transfer [ ] Management [ ] Better Location [ ] Maintenance [ ] Price BUSINESS REFERENCES Account# Checking: Account # Savings: Name on Account: BANK(S) Account# Checking: Account # Savings: Name on Account: SAVINGS & LOAN Account# Checking: Account # Savings: Name on Account: OTHER Account# Checking: Account # Savings: Name on Account: CREDIT REFERENCES (List all open credit and loan accounts. Show what loan covers; i.e. auto, motorcycle, boat, house, etc.)

3 AUTO(S) - MOTORCYCLE - BOAT - CAMPER/RV - PET - LIQUID-FILLED FURNITURE Driver s License: State: Spouse's Driver s License: State: Auto Make: Year: License Plate/ State: Auto Make: Year: License Plate/ State: Auto Make: Year: License Plate/ State: Auto Make: Year: License Plate/ State: Liquid-Filled Furniture: No Yes- Explain Pets: No Yes- Type: Weight At Maturity: Motorcycle: No Yes- Make: Boat:: No Yes- Size/ Make: Camper/RV: No Yes- Size/Make: GENERAL Have you or your spouse ever been sued? No Yes- if yes, explain: Have you or your spouse ever filed bankruptcy? No Yes- if yes, when? Where? Have you or your spouse been convicted of a felony within the last ten (10) years? No Yes- if yes, explain: Use this area for any additional information you feel might expedite you application: 1. I hereby apply for an offer to lease the apartment described herein for the lease term stated, at the rental and upon the terms and conditions set forth herein and in Lessor s standard lease form. I warrant that all of the representations in this application are true and correct. 2. I understand that occupancy of the apartment is limited to persons listed above under Apartment Occupants. I understand that if children are occupants of the premises, it is my responsibility to supply adequate supervision at all times. 3. With the execution of the application I am (1) making a deposit in a sum of, (2) paying an administrative fee in the sum of and (3) paying an investigative report charge in the sum of. It is understood that the charge for the investigative report is NOT refundable. Upon execution of the lease by me it is understood that this deposit will be retained by the Lessor and applied to the security Deposit under the terms and conditions contained in the lease. It is further understood that at the time I execute the lease on the premises I will pay the first month s rental and the balance of the Security Deposit. I understand that a covenant of the lease requires rental payments on or before the first day of each and every month thereafter in advance.

4 4. I agree that the Lessor may retain said deposit and administrative fee as liquidated damages for its costs and expenses, and not as a penalty (except for the provision of paragraph 5 herein) if: (1) any of the representations made by me herein are false, or (2) if an apartment is held for me for more than seventy-two (72) hours from the inception date of the application and I do not execute a lease for the apartment described herein (or any other apartment mutually agreed upon). 5. I understand that the Lessor will refund said deposit to me if the apartment specified (or any other apartment mutually agreed upon) is not available, or this application is rejected by the Lessor for any reason. 6. I understand that I acquire no rights on any apartment until I sign a lease in the form submitted to me; until all monies are paid to the Lessor as set forth above; and the lease is executed by Lessor. 7. As is customary in the business, I understand that routine inquires may be made with respect to my tenancy. In compliance with the Fair Credit Reporting Act, I understand that an investigative consumer report will be made, which may include information as to my character, general reputation, personal characteristics and mode of living. The nature and scope of the investigation requested may include information obtained through personal interviews concerning residence verification, marital status, number of dependents, employment, occupation, habits, reputation and mode of living. 8. I understand that my application may be rejected if during the investigation there are found to be judgments, lien(s), or bankruptcy in my personal credit history. 9. I agree to submit to Lessor valid photo identification (such as driver s license). 10.Liquid-filled furniture (waterbeds, etc.), boats, campers/ RV s and/or pets are not allowed without prior written authorization. The term Lessor shall include the Owner-Landlord and Michelson Realty Company as managing agent and any affiliate, agent, or employee thereof. Signature: Applicant Date: Signature: Applicant Signature: Applicant Date: Date: Signature: Authorized Agent Date:

5 I understand and accept these qualifying standards. Further, I understand that falsification of rental application information will result in denial of rental. Michelson Realty s rental policies are guidelines, which enable us to accept as prospective residents those individuals who are creditworthy and do not have a certain criminal background. This rental policy does not insure that all individuals residing on or visiting the property conform to these guidelines. Prospective Resident Date Prospective Resident Date

6 The Preserve at Osprey Lake STATEMENT OF RENTAL POLICY AVAILABILITY: RENTAL APPLICATIONS: OCCUPANCY: PETS: VEHICLES: CREDIT BUREAU: CRIMINAL OFFENSES: INCOME: EMPLOYMENT: RENTAL HISTORY: CO-SIGNERS: Based on the availability of specific apartments To be completed by all applicants or co-signers. A non-refundable application is paid for each. Maximum of two persons in a studio apartment. Maximum of two persons in a one-bedroom apartment. Maximum of four persons in a two-bedroom apartment. An additional minor child being twelve (24) months of age or less who occupies the same bedroom with the child s parent, guardian, legal custodian, or person applying for the status during the term of lease, will be permitted in addition to the number of occupants defined in the paragraphs above. The birth certificate for the newborn must be submitted with the application for rental. Cats and dogs, not to exceed 75 pounds will be accepted with an additional deposit, pet fee and monthly pet rent. Residents will not be allowed to have a dog that is a Pit Bull, Doberman, Rottweiler, Malamute, Akita, Bull Terrier, wolf-dog hybrid, Chow- Chow, Great Dane and any dog that the manager believes is a cross breed or in relation to any of these breeds. Fish tanks up to 20 gallons and caged birds will be accepted if registered and approved by the management. No other pets will be allowed including but not limited to reptiles, ferrets, pot belly pigs and rodents. Violations of this policy will result in fines as outlined in the lease contract. No recreational or commercial vehicles will be allowed. No trailers or storage pods of any kind allowed. Vehicles parked in our community are required to have valid registration and current expiration stickers. Storage of vehicles is strictly prohibited, vehicles must move daily. Vehicles that are deemed to be in violation of these parking guidelines may be towed at the vehicle owner s expense. The management reserves the right to limit or disallow cars and motorcycles as well as to change or amend these policies at any time. No established credit will be considered satisfactory. Applicants with bankruptcies in the last 60 months may be approved with an additional deposit. If an agreement for a payment plan has been arranged on an outstanding debt, then proper documentation must be provided. If an eviction reflects, the applicant will be automatically declined. Applicant must not have any outstanding debt to a previous landlord. Applicant must not have outstanding debt to any electric, gas, or water utility company. Applicant must have less than three credit accounts rated three or higher within the last 24 months. When management notifies the applicant of debts that need to be satisfied, the applicant has 48 hours to make arrangements or the apartment reserved will go back on the market. All negative accounts that have been paid in full or have payment arrangements must be verified by written documentation. A criminal background check will be performed on all occupants aged 18 and over. Applications will be rejected for felonies, sex related crimes, or crimes against a person. All income must be verified by two most recent consecutive paycheck stubs or an intent to hire letter for new employment. Scholarships, study subsidies and/or inconsistent income such as alimony, commissions, or tips will require additional verification. Self-employed applicants must provide the previous year s tax return. Unemployed applicants or those not meeting the income requirement may provide documentation in form of a bank statement, IRA, or trust fund reflecting a balance equal to 3 times the amount of the yearly rent. Monthly rent shall not exceed 33% of combined gross monthly income of all residents. Applicants must provide proof of employment. New employment may be verified with intent to hire letter. Self-employed applicants will be required to provide either the previous year tax return or bank statements for the last full month. No bad rental history will be accepted. No rental history is considered positive rental history. Due to lack of applicant s employment history or insufficient income; a lease guarantor may be allowed at the manager s discretion. The co-signer must complete a lease guarantor addendum and meet the qualification requirements of these guidelines. Guarantor s income must be equal to or greater than 5 times the total monthly rent. *We are pledged to the letter and spirit of the United States Policy for the achievement of equal housing opportunity throughout the nation. We encourage and support and affirmative advertising and marketing programs in which there are no barriers to obtaining housing because of race, color, national origin, ancestry, creed, religion, sex, physical or mental disability, marital status, and familial status (families with children under the age of 18). I have read and understand the terms and conditions outlined above. Applicant Signature Applicant Signature Agent for Owner s Signature Date Date Date

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