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The Country Club at The Meadows community clubhouse featuring a pool table and side tables for other games and activities! Las Vegas Senior Apartments!

Rental Criteria

Below is a summary of our typical rental criteria. Please note that this information is subject to change and this serves as a generic guide. Other criteria, restrictions and exceptions may apply. 

Four (4) Requirements to be eligible for a standard refundable security deposit:
1. Acceptable Credit Rating per Resident Screening system.
2. Approved Criminal Rating per Resident Screening system.
3. Twelve (12) months of positive verifiable rental history or home ownership. *If renting from a private owner, written documentation will be required.
4. Combined Gross income (including co-applicant) shall be A MINIMUM of two and one half (2.5) times the rent amount.
  • Six (6) months of current employment, validated by pay stubs showing YTD earnings that must demonstrate earnings of at least two and a half (2.5) times the rent amount for each of the three (3) consecutive months prior to application.
  • Self-employed persons will need to show proof of income (tax returns, etc.) for past 2 years and must demonstrate earnings of at least two and a half (2.5) times the rent amount for each of the three (3) consecutive months prior to application.
  • Income may include sources other than employment such as Social Security or retirement accounts.
  • Applicants who cannot provide proof of income from a verifiable source must have 36 months of the monthly rental rate in a verifiable savings account.
  • Proof of Social Security payments (bank account with direct deposit by the US Treasury, SS award letter)
  • Food stamps and Unemployment will not be considered income.
Requirement when Resident Screening credit rating indicates “Conditional Accept and all other criteria have been met:
Deposit shall be equal to 1 months rent to proceed.

Property manager reserves the right to review the application in its entirety and based on the other factors may opt to decline the applicant.

Requirement when Monthly Income/Employment does not meet 2.5x the rental rate and all other criteria have been met:
If the applicant is below 2.5x and all other criteria have been met, an approved co-signer or 36 months’ worth of rent in a verifiable saving account is required to proceed unless the applicant is a verifiable student. 

Property manager reserves the right to review the application in its entirety and based on the other factors may opt to decline the applicant.
 
Requirement when Applicant has less than Twelve (12) Months of positive verifiable rental history but all other criteria have been met:
Deposit shall be equal to 1 month rent to proceed.

Property manager reserves the right to review the application in its entirety and based on the other factors may opt to decline the applicant.

Background Check:
Misdemeanor convictions will be reviewed and depending on the severity of the offense and may result in a denial of the application.
 
All felony convictions will result in a denial of the application.  
 
Occupancy Standards:
All persons over the age of 18 must be a signer on the lease contract. Occupants are limited to (2) per bedroom. A person is considered an occupant after 12 months of age.  If the occupant reaches 12 months of age during the lease term, that person does not need to be listed as an occupant through the completion of the current lease. There may be some variations to the above occupancy standards based on square footage of the unit.
 
Renter’s Insurance:
Lease Holder(s) must present evidence of Liability Renter’s Insurance coverage including Personal Liability for $300,000 and a minimum deductible of $500.  NOT ALL POLICIES ARE THE SAME.  Many policies have limiting language that cause coverage for certain losses to be denied.  Take extra caution to read and understand your policy.  Be sure to obtain a policy that has a comprehensive coverage policy.  An example of non-limiting policy language is as follows: “We insure you against accidental direct physical loss of or damage to personal property owned or rented by you. We also insure additions and alterations to the residence premises made by you at your expense during tenancy”.  The policy must include the Property Name listed as an “Additional Interested party” and must remain in effect for the term of the lease. 

Other Conditions:
Property Manager reserves the right to review the application based on all rental criteria requirements and may opt to decline the application.

All credit and background information are supplied through CoreLogic Resident Screening
 
Applicants must have one (1) Government issued ID (Driver’s license, Social Security Card, Passport, or Visa) and one (1) additional form of ID such as (Bank Card, Health Insurance Card, Credit Card, etc.) that includes their full first and last name.   A photocopy of all ID’s will be required for our files.
 
Applicants with unpaid judgments, collection accounts, “skips” or “evictions” from other rental properties will result in automatic denial of application. If Applicant has a COVID-19 eviction, it is the applicant’s sole responsibility to submit proof that the terms of any such eviction are directly and irrefutably associated with financial hardship caused by the pandemic as defined by the State of Nevada. Gaines Investment Trust retains the sole discretion to assess applicant claims of COVID-19 eviction.

I also understand that I will be required to pay a holding deposit which is non-refundable however, if my application is denied I will receive a refund in accordance with federal, state and local regulations. If I cancel my reservation after a period of 48-hours, the Holding Deposit is automatically non-refundable. If approved, any holding deposits will be applied to move-in charges at time of move-in. If applying on line, the holding deposit will not be charged until application is approved.

I also understand that within 48 hours of applying for an apartment, all applicants including myself must 1) pay all applicable upfront fees, 2) complete an Application, 3) provide a copy of their Driver’s license or other issued Government photo ID, 4) pay stubs showing YTD earnings that must demonstrate earnings of at least three (3) times the rent amount for each of the three (3) consecutive months prior to application. If Applicant has been with their current employer for less than one year, verification of employment for the six (6) months prior to the Applicant’s hire date with their current employer will be required, 5) the Rental verification is filled out by the current residency and 6) must sign this Rental Criteria or my application may be cancelled and all upfront fees will be forfeited.
 
Co-signer Qualifications:
Co-signers combined income must equal to six (6) times the current monthly rent, and pay their own mortgage/rent, and other monthly financial obligations to be considered.

Gaines Investment Trust is fully committed to equal housing opportunities. We do not discriminate against anyone based on race, color, religion, sex, handicap, familial status, or national origin, as stated in the Federal Fair Housing Law.  Falsification of any portion of this application will result in denial.
 
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