KENSINGTON APARTMENTS
STATEMENT OF RENTAL POLICY (Effective 8-2-02)

Welcome and thank you for your interest in our community. In order to reside in our community, we require that each applicant meet certain rental criteria. Please read the following to determine whether you meet our requirements. Please note that these represent our current rental criteria; nothing contained in these requirements shall constitute a guarantee or representation by the owner prior to these requirements going into effect.

ALL APPLICANTS WILL BE APPROVED ON THE FOLLOWING BASIS:
  1. Applicant or applicants must be a minimum of 18 years of age.
  2. Occupancy Guidelines:
    • A maximum of 4 occupants is allowed in a 2BR apartment.
    • A maximum of 6 occupants is allowed in a 3BR apartment.
  3. A non-refundable application fee of $30 is required for processing an application. Each roommate must fill out an application and meet requirements. Once the application is approved, a $200 deposit must be paid within 3 days which will hold the apt. for up to 30 days. If after 48 hours from paying the deposit you decide not to take the apt., you will forfeit the deposit.
  4. Pets are allowed under the following circumstances: Pets 30lbs or less require a $200 non-refundable pet fee. Pets over 30lbs rquire a $300 non-refundable pet fee. We do not allow Rottweilers, Pit Bulls, Chows, or Dobermans or any pet that previously caused damages or problems in previous rental situations.
  5. No co-signers are allowed. Each applicant must meet criteria on their own.
  6. Employment History - Must have six months current verifiable employment with gross monthly income of at least three times the amount of the monthly rent. If less than six months, we must be able to verify two years of previous employment. Recent graduates must provide proof of enrollment or graduation. Self-employed applicants must provide a financial statement from a CPA or previous years tax statement. Retired applicants must provide documentation of ability to pay. The only way an applicant with no current employment may qualify is by providing proof of 12 months of rent in a verifiable bank account and first and last months rent must be paid at move-in. In the case of roommates, each roommate must qualify on 75% of 3 times rental rate.
  7. Rental History - All past rental history must be good with no prior Notice to Show Cause or Evictions on your record. An application will not be approved if there is any outstanding balance to an Apt. Community/rental house or Mortgage Co. Additionally, all occupants must have an acceptable rental history with no prior evictions. If you own/owned a home, mortgage must be verified via a credit report or written documentation from the mortgage company.
  8. Credit - Since we have to run a credit/background check on each applicant, all applicants must have a verifiable Social SecurityNumber. All credit references must be good. There must be no drug or violent crime convictions on your record. If you have any judgements, collections or I-9s on your report, but your rental reference is good, we can rent to you only if you pay the first and last months rent in full on or before the day you move in. This must be paid with money order or certified check only.

Kensington Apartments is fully committed to equal housing opportunity. We do not discriminate against anyone on the basis of race, color, religion, sex, handicap, or familial status. Should you have any questions, please call us at 864-268-5440.