APPLICATION TERMS
- Primary Applicant / Co-Applicant: All individuals over age 18 who will reside in the home and are financially responsible for making lease payments, and who will sign the lease agreement and uphold the lease obligations. The Applicant who starts the application process is referred to as the “Primary Applicant”. All others with similar responsibilities are referred to as “Co-Applicants”.
- Adult Applicant: All individuals over age 18 who will reside in the home who are not financially responsible for making lease payments but must uphold all other lease obligations.
- Non-Resident Guarantor: An individual over age 18 who will be financially responsible for lease payments but does not reside in the leased home. The Non-Resident Guarantor will be required to sign the Lease Agreement and/or a Guarantor addendum. Guarantors may be accepted for applicants who do not meet certain financial qualification requirements.
QUALIFICATION REQUIREMENTS
All applicants will undergo a screening process, which includes a review of the applicant’s credit history, previous rental history, and criminal history. To qualify for residency with HavenBrook Homes, each Applicant must meet the requirements detailed below. Please note: nothing contained in this document constitutes any guarantee of approval.
AGE
Each Applicant must be at least 18 years of age.
OCCUPANCY
Occupancy standards allowable cannot exceed 2 persons per bedroom, plus one additional person per home unless otherwise dictated by local, state, or federal law.
| Number of Bedrooms | Occupancy Standard |
| One Bedroom | Three Persons |
| Two Bedrooms | Five Persons |
| Three Bedrooms | Seven Persons |
| Four Bedrooms | Nine Persons |
| Five Bedrooms | Eleven Persons |
IDENTIFICATION
Applicant(s) must present valid photo identification issued by any state or federal authority of the United States. Documents must be uploaded in PDF or picture file format (such as jpg, jpeg, or png). Acceptable ID documents include:
- State-issued Driver’s License
- State-issued Identification Card
- U.S. Passport or Passport Card
- U.S. Permanent Resident Card
- U.S. Military ID Card (front and back of ID needed)
- Valid Foreign Passport along with a valid work visa issued by the United States
INCOME
Applicant(s), other than in the city of Minneapolis, must earn a total monthly gross income equal to 3 times the total rent of the selected home. Any applicant who applies for a home in the city of Minneapolis must earn a total monthly gross income equal to 2.9 times the total rent of the selected home.
Non-Resident Guarantor(s) regardless of state/city must earn a total monthly gross income equal to 5 times the total rent of the selected home.
Applicant(s) must upload one or more of the following forms of documentation to fully substantiate the monthly income stated on the rental application. Accepted forms of documentation in order of preference are detailed below. Documents must be uploaded in PDF or picture file format (such as jpg, jpeg, or png). If the documentation uploaded does not meet requirements or demonstrate the monthly income stated on the application, the Applicant(s) will lose their place in line for the property applied for and additional documentation may be requested for review.
| Applicant Status | Income Document |
| Employed (currently) |
90 days of most recent bank statements when payroll is not received as a direct deposit into the applicant’s bank account. Please upload each monthly statement separately. OR |
|
Employed (starting a new job) |
|
|
Self-employed |
If a self-employed / business owner, the business must have been in operation for at least 90 days.
|
| Retired |
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| Social Security, Disability, GI Benefits etc. |
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Child Support and Alimony |
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|
Financial Aid |
|
CREDIT REQUIREMENT
To verify credit rating, a credit report using a third party agency will be obtained on all adult applicants financially responsible for lease payments. All open collections, charge-offs, repossessions, and delinquencies may be taken into consideration during the review of the credit reports. All applicants, other than applicants from the city of Minneapolis, must have a FICO score of 500 or higher. There are no FICO requirements for the city of Minneapolis applicants.
* Non-Resident Guarantors, regardless of state/city, are required to have a FICO score of 620 or higher. These credit ratings will be used in the following manner to determine security deposit requirements if the application is approved:
| Credit Score | Deposit |
| Less than 500 | Ineligible (Declined) |
| 500 – 579 | 1.5-months security deposit** |
| 580 or higher | 1-month security deposit |
*If no FICO score or a credit report is available, the application may still be considered but applicant(s) must earn a gross monthly income equal to 5 times the total rent for the home selected and a 1.5-month security deposit would be required if approved. This requirement is not applicable to applicants for the city of Minneapolis.
*If no FICO score is available due to limited credit history, the application may still be considered but the applicant(s) must earn a gross monthly income equal to 3.5 times the total rent for the home selected and a 1.5-monthly security deposit would be required if approved. This requirement is not applicable to applicants for the city of Minneapolis.
*If no FICO score/credit history is available or only limited credit history is found, prior Landlord verification and/or Employment verification procedures will be required for applicants from the city of Minneapolis.
**In accordance with Alabama law, a landlord may collect no more than one month’s rent as a security deposit. Therefore, all Alabama applicants with a FICO score of 500 – 579 must earn a gross monthly income equal to 3.5 times the total rent to be eligible for a HavenBrook Homes property in the State of Alabama. If the FICO score is 580 or above, gross monthly income may meet the minimum standards of 3 times the total rent to qualify.
**In accordance with Renter’s Protection Ordinance in the city of Minneapolis, all applicants for the city of Minneapolis will only be required to pay one month’s rent as a security deposit.
CRIMINAL HISTORY
All residents over the age of 18 must consent to a criminal history verification using a third-party agency. Application(s) will be denied for any felony conviction within the last 7 years. A felony conviction for certain types of fraudulent activity, arson offenses, non-forcible sexual crimes, and/or violent crime(s) will be denied within 10 years. Misdemeanor convictions within 3 years will also be cause for denial of the application. Felony drug sale and manufacture offenses will be denied if within 10 years of application. All forcible sex crimes and sex offender registrants will be declined regardless of time.
† Certain municipalities and local jurisdictions require a landlord to provide criminal background reports for all rental occupants, including those under age 18. In those areas, HavenBrook Homes will comply with local regulations and requires all occupants to consent to a criminal history examination.
RENTAL HISTORY
Landlord/Tenant records within three (3) years of application date are automatically declined. Applicant(s) that reflect only one (1) Landlord/Tenant record with a dismissed or terminated status will remain eligible to lease a home.
Applicants for the city of Minneapolis will be automatically declined for Landlord/Tenant records with judgments within three (3) years of application date unless the record indicates a dismissal, terminated status, a judgment in favor of the tenant, or Applicant provides proof of court-certified Landlord filing error. Any judgment that was paid/satisfied within one year of application will not be accepted.
A Non-Resident Guarantor, regardless of state/city, must have no history of any type of Landlord/Tenant records including but not limited to evictions, housing payment delinquencies, or open/unsatisfied judgments.
CREDIT HISTORY
Rental Debt outstanding above a pre-determined value reflected on your credit report will be automatically declined unless the judgment was satisfied 1 year prior to the application date.
BANKRUPTCY
Open bankruptcies will be cause for the automatic denial unless a court letter of dismissal or discharge is provided. Dismissed or discharged bankruptcies that appear on the applicant’s credit report may be considered. Any rental debt that has been waived due to a dismissed or discharged bankruptcy may result in a declined application.
ADDITIONAL DISCLAIMERS
FAIR HOUSING POLICY
The agents of HavenBrook Homes adhere to the Fair Housing Law (Title VIII) of the Civil Rights Action of 1968 as amended by the Housing and Community Development Action of 1974 and the Fair Housing Amendment of 1988 which stipulate that it is illegal to discriminate against any person in housing practices because of race, color, religion, sex, national origin, disability, familial status or any other class protected by law.
FALSIFICATION OF DOCUMENTS
Any falsification in Applicant’s paperwork will result in the automatic denial of the application as inconclusive. If an Applicant falsified his/her paperwork, the Landlord has the right to hold all application deposits and fees paid to apply toward liquidated damages. Falsification of application is also grounds to terminate the lease regardless of when the falsification is discovered.
USE OF INFORMATION
The information provided in the application as a result of the authorization given herein by the Applicant will not be sold or distributed to others. However, Landlord and Landlord Agents may use such information to decide whether to lease the home to an Applicant and for all other purposes relative to any future lease agreement between the parties including the enforcement thereof.
APPLICATION DOES NOT CREATE A LEASE
Completed application(s), even if accepted, shall under no circumstance be considered a lease agreement between Applicant(s) and Landlord.