A resident can qualify
in one (1) of three (3) ways. The first way is that they provide
financial documentation that they gross (before taxes) in a year
one and a half (1.50) times the total rental amount on the lease
contract. Financial documentation can include financial aid, loans,
recent bank statements, current W-2 tax forms, trust fund accounts,
or any other financial documents of funds that can be liquidated
quickly or that don’t fluctuate due to financial market activity.
The second way is that a resident can provide a guarantor and
guarantor paperwork. A guarantor is anyone of the age of eighteen
(18) that can provide financial documentation that shows they gross
three (3) times the total rental amount on the lease contract. The
final method of qualifying is that a resident can pay the entire
total rental amount for the lease before he/she moves in. A
resident doesn’t need to provide qualification paperwork at the
time of lease signing, but instead has fourteen (14) days after
signing a lease to provide qualification
paperwork.