OCCUPANCY GUIDELINES AND QUALIFYING CRITERIA
In order to qualify for housing at the Kulanaa`o Apartments, a potential resident MUST meet the listed below qualifications on their own OR they MUST have a sponsor guarantor that meets income, credit and employment guidelines as listed below.
Please note that these are our current rental criteria and that nothing contained in these requirements shall constitute a guarantee or representation by us that all the residents currently residing in our community have met these requirements.
Occupancy Guidelines:
Occupancy at the Kulanaa`o Apartments is strictly limited to one resident per bed space unless otherwise modified by the Apartment Community to accommodate double occupancy standards for specific unit types.
Age Requirements:
Anyone of legal age, 18 years or older, may apply for residency. Applicants under the legal age will be required to have a sponsor guarantor of legal age.
Income/Employment Requirements:
Applicant’s or Sponsor Guarantor’s Monthly Gross Income must be at least two times the total rental rate.
Social Security Number Required:
All applicants are required to have a valid social security number. A copy of the social security card may be required based upon qualification for verification purposes. Those without confirmed social security numbers will be required to pay an additional one (1) month’s rent as security deposit.
Credit History:
A credit check will be completed with a minimum FICO score of 500 being required. Unsatisfied Bankruptcies, Judgments, and Tax Liens will be an automatic denial. Satisfied and Unsatisfied Evictions, Foreclosures and Repossessions will also be an automatic denial. Any delinquent monies owed to a previous landlord will be grounds for denial of applicant.
**If Credit Score is below 500 or if no/insufficient credit history is determined, potential resident will need to pay an additional one (1) month’s rent as security deposit or obtain a qualified sponsor guarantor.
Criminal Background Checks:
The Kulanaa`o Apartments will perform a criminal background check on the resident. Applications will be rejected for felonies, deferred adjudications for a felony, crimes against persons or if applicant has a juvenile record that includes any of these serious offenses. Any such offenses shall be grounds for denial of the application or termination of the lease should such offense occur after the approval of the initial application. Please note that this requirement does not constitute a guarantee or representation that Residents or occupants currently residing in our community have not been convicted of a felony or are not subject to deferred adjudication for a felony. There may be residents or occupants that have applied to reside in our community prior to these requirements going in to effect. The background reports may include an Office of Foreign Assets Control (“OFAC”) search for Specially Designated Nationals and Blocked Persons. The OFAC list is updated periodically as new individuals and entities are identified. The United Sates government has classified the individuals and/or entities on the list as potentially dangerous and a threat to national security. Additionally, applicants with three (3) or more misdemeanors will also be denied occupancy.
Rejecting Applications:
Upon rejection of application the Kulanaa`o Apartments shall return the Security Deposit if a Security Deposit was required and document reason for denial as well as make contact with the applicant via phone or mail.
Lono St. Properties, LLC adheres to the Fair Housing Law (Title VIII of the Civil Rights Act of 1968 as amended by the Housing and Community Development Act of 1974 and the Fair Housing Amendment of 1988) which stipulate that it is illegal to discriminate against any person with respect to housing because of race, creed, religion, sex, national origin, disability or familial status. Lono St. Properties, LLC is an Equal Housing Opportunity Community.
Date Effective: 5-10-2011