The Aleda

Income: Each occupant 18+ must apply and show income of at least 3x rent.
Combined Income: Roommates’ income is combined if each earns at least 60% of qualifying income.
Credit: Denial grounds include unpaid liens/judgements or bankruptcy (unless credit was reestablished for 3 years). A validated model assesses risk by credit and income for The Aleda.
Rental History: Poor payment, destructive behavior, or poor housekeeping is grounds for denial.
Co-signers: Allowed only for deficient income; must qualify at 4x income.
Criminal: A background check is run on all applicants. See your application for the full policy.
Occupancy: 1 bedroom – 2 occupants; 2 bedrooms – 4 occupants.

Every applicant will be required to submit the following documentation:

1. Copy of Photo Identification (for each applicant)
2. Copy of Social Security Card (for each applicant)
3. Proof of Income (Last thirty days of pay stubs or Employee Verification)
4. Completed Application

Lease Term: 12 Months
Lease Renewal Policy: One Year
Month to Month: $75 plus renewal increase (must fulfill initial lease term)
Lease Termination: 2 month’s current rent
Pet Policy: Cats and Dogs Welcome. (See Pet Policy)
NSF Fee: $50.00
Late Fee: 10% of monthly charges