Sherman Associates follows the Fair Housing Act and other laws prohibiting discrimination in housing based on Race, Color, Religion, Sex, Disability, Familial Status, or National Origin (additional protected classes apply based on the location of the property).
Please read carefully – By signing this document, you will authorize Sherman Associates and Rayette Lofts to process your application through RealPage/LeasingDesk Screening, 2201 Lakeside Blvd., Richardson, Texas 75082 or (866) 934-1124.
All applicants are subject to approval through a third-party screening agency named RealPage/LeasingDesk Screening. RealPage was contracted to provide the screening services for Sherman Associates. Approvals of all applicants are based on an empirical system that incorporates various credit factors along with other non-statistical factors to determine overall applicant qualification status. The primary criterion used to determine rental decisions is a statistically based score (RealPage LeasingDesk Score). It is a cumulative analysis from several statistical indicators that calculates an applicant’s overall credit score and then rates the applicant from 0 to 1000, with a high number indicating a lower financial risk.
Some indicators used may derive from income relationships, including rent-to-income and debt-to-income ratios based on calculations determined from the application and the applicant’s credit record. Other indicators may consider credit worthiness as determined by national credit score or other proprietary credit calculations more specific to the residential housing industry.
In addition to the RealPage LeasingDesk Score, other factors may impact the overall rental decision of an applicant, including criminal background, rental and eviction histories, check-writing histories, as well as other indicators discussed below. When these non-statistical factors are combined with the Real Page LeasingDesk Score, an overall qualification for rental result is determined.
The following qualification standards apply to ALL Applicants:
Applications are accepted on a first come, first served basis and subject to the availability of unit type requested. Prior to signing a lease, rental rates are subject to change without notice.
INCOME AND ASSETS:
ANY NEGATIVE RENTAL HISTORY IS GROUNDS FOR APPLICATION DENIAL. Negative rental history includes but is not limited to:
JUDGEMENTS & COLLECTIONS:
BANKRUPTCY WILL BE CONSIDERED BASED ON THE DATE FILED:
We do not reject applications based on arrests, dismissed charges, or expunged convictions.
We do not reject applications based on juvenile records unless the resulting adjudication or conviction is based on an adult charge.
We do not reject applications based on minor crimes (failure to pay transit fare, minor consumption of alcohol, loitering without intent, worthless check, etc.) or for minor and moderate driving offenses that do not involve criminal vehicular operation causing property damage or bodily injury.
DUIs/DWIs will not be considered unless the applicant has three or more such offenses in the past five years.
No matter the date of the conviction, we reject applications for criminal convictions such as homicide; felony arson; 1st, 2nd, and 3rd degree criminal sexual conduct; child pornography; illegal manufacture or distribution of controlled substances; terrorism; blackmail; extortion; and racketeering. We reject applicants who are currently subject to any sex-offender registration requirement under any jurisdiction.
For convictions not described above, we consider the seriousness and date of the conviction in determining whether to approve or reject an application. Depending on the type of the underlying crime and the date of conviction, a felony or gross/regular/petty misdemeanor may result in a denied application. If you have questions about any convictions that you believe are on your record, please ask Sherman Associates by calling (612) 337-2608. However, given the variety of convictions that exist and the need to review accurate records, we cannot make binding pre-application determinations about whether your criminal history may disqualify you from our housing. We make admissions decisions after we have ordered and reviewed screening reports.
Open charges: Unless the charge is for a crime that we disregard under our screening policy, we reject applicants with open charges. An applicant may re-apply upon resolution of the open charge, at which time the then-closed charge will be considered under our criteria. If the open charge was dismissed, the application will not be denied on the basis of that charge. If the open charge resulted in a conviction, it will be evaluated under our criteria to determine whether the conviction requires rejection of the application.
We have the discretion to evaluate criminal records to determine how to characterize them and apply our screening criteria. Our screening criteria are narrowly and proportionately tailored to comply with fair housing law, advance the property’s interests, and not unduly limit an applicant’s admission based on criminal background. We have and will continue to consider the interests of the property; various laws; and other relevant materials when determining how to treat criminal records under our criteria. We will reject applications when required to do so by federal, state, or local law. We have the discretion to modify our policy and criteria based on new information, new law, our experience in applying the policy and criteria, and other business justifications.
NUMBER OF OCCUPANTS PERMITTED IN AN APARTMENT:
In the event that any occupancy requirement contained within this document is in conflict with any local, state or federal rule or law, the appropriate local, state or federal rule or law will prevail.
This is a smoke-free community. There is no smoking allowed in the units, common areas, or within the property limits. You will be required to sign an addendum acknowledging that you were made aware of this at the time of application.
ANIMAL POLICY ACKNOWLEDGEMENT:
Rayette Lofts accepts pets with a refundable pet deposit of $300 per animal as well as a monthly pet rent of $40 per dog or $25 per cat will be required. Maximum of two (2) pets per unit.
If you are applying with one or more other adult applicants, we will reject your application if one or more of the other applicants do not meet our criteria.
We may reject or not process incomplete applications. We may deny an application if we cannot verify information provided in it. Any misstatement, misrepresentation, or omission made on an application is grounds to deny an application or terminate an existing lease. If we incorrectly determine that an applicant meets the property’s screening criteria and accept the application, whether through mistake, omission, inadvertence, negligence, or fault of us, our resident screening agency, or the applicant, or for any other reason, we have the right to terminate the lease with one month’s notice, regardless of the length of the lease term.
An application may be rejected if, at any time prior to or during the application process, the applicant—whether as an applicant, resident, former resident, guest, or otherwise—has ever abused, assaulted, threatened, or harassed any resident or former resident of a Sherman Associates-affiliated property or any person affiliated with Sherman Associates (manager, maintenance worker, administrator, etc.).
We reserve the right to reject an application if, at any time during the application and lease-up process, an applicant uses profanity, is disrespectful, is hostile or argumentative, or generally displays an attitude or engages in conduct that causes us to believe that we would not have a positive business relationship or that the applicant would interfere with the management of the property or would have difficulty adhering to the terms of the lease.
YOUR RENTAL APPLICATION FEE IS NON-REFUNDABLE. Please review these policies carefully before submitting an application.
Please note that any lease term outside of 11-13 months, is subject to an additional premium. Please contact our leasing team with any questions.
Terms & Conditions
Application Fee: Applicant has paid the sum of $45.00 (Application Fee) per adult in consideration for Owner taking the dwelling unit off the market while considering the approval of this application.
Application Deposit: In addition to the above application fee, Applicant(s) has/have must deposit the sum of $300.00 (application deposit), in consideration for Management taking the dwelling unit off the market while considering the approval of this application. This deposit will be either:
The deposit is forfeited as liquidated damages for property’s costs and expenses in taking unit off the market as well as expenses such as advertising.
I/We authorize Sherman Associates, Inc. whose address is 233 Park Avenue South, Minneapolis, MN 55415 to investigate my criminal history, residential, employment and income history, assets and credit history for the purpose of housing and/or employment. The source of the information may come from, but is not limited to: credit bureaus; banks and other depository institutions; current and former employers; federal or state records including State Employment Security Agency records; county or state criminal records as follows, or other sources as required. It is understood that a photocopy or facsimile copy of this form will serve as authorization. I understand failure to complete this form completely and truthfully may result in denial and/or forfeiture of deposit. This authorization is for this transaction only and continues in effect for one (1) year unless by state law, in which case the authorization continues in effect for the maximum period, not to exceed one (1) year, allowed by law.
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© 2018 Sherman Associates, Inc
Sherman Associates Inc. is an equal opportunity housing provider