Application Criteria For Leasing at Summermill Apartment Homes   A. Salary/Employment 1. Your local employment must be verified, including salary amount. Undergraduate students do not qualify. 2. To qualify, prospective resident’s combined monthly income must be equal to or exceed three and a half (3-1/2) times the monthly rental amount. If there are 3 or more lessee’s then their combined income must be equal to or exceed four (4) times the monthly rental amount. 3. Market rent is to be used as qualifying rental amount on those properties that have rent specials. 4. Self-employed prospective residents must provide previous years tax return for salary verification. 5. Bank accounts, stocks, bonds and other forms of assets may also be used to verify the financial status of a prospective resident. It will be necessary to furnish management with proof of funds equal to one (1) year worth of rent and they must document that the funds have been in the account for the last four (4) months. B. Credit Management will request a credit history through Credit Retriever, taking into consideration timely payments, the prospective resident's debt-to-income ratio and the anticipated rental amount. Marginal or bad credit may result in an increased security deposit or denial of the application. We do require verification of identity and criminal background check on all applicants and occupants over the age of 18. WE WILL REQUIRE A COPY OF YOUR SOCIAL SECURITY CARD. C. Residential/Rental History The prospective resident must have at least two (2) years of acceptable rental history in the last four (4) years that can be verified or be a recent college or technical student. A satisfactory rating on the credit report for a mortgage will serve in lieu of rental history. D. Occupancy Standards The Federal occupancy standard is set at two (2) persons per bedroom in each apartment. Summermill will allow one (1) additional person, under the age of eighteen (18) to reside in the apartment with prior Management approval. E. Criminal Search Any applicants who have been determined to have criminal conviction or current indictment for possession, sale, manufacture or distribution of controlled substances or for any crimes involving firearms or crimes against persons or property will be denied residency and occupancy. Management reserves the right to deny residency and occupancy for any criminal activity at their discretion. Guarantors/co-signers cannot be a substitute for this requirement.   Summermill At Falls River 10311 Falls Mill Drive Raleigh, NC 27614 Phone: (919) 870-0055 Fax: (919) 870-4471