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LEGEND MANAGEMENT GROUP, L.L.C.
Qualification Standards & Application Instructions
For Future Residents
Equal Housing
We do business in accordance with the Fair Housing Act.
We do not discriminate on the basis of race, color, religion, national
origin, sex, familial status, disability, or any other basis protected
by applicable state or local fair housing laws.
Applications
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Instructions
Each prospective resident that is 18
years or older must complete an application. Applications are completed
in full; applications containing untrue, incorrect or misleading information
will be declined.
NOTE: The
following MUST accompany
ALL applications:
• 1. Two (2) most recent and original pay stubs or Leave
and Earnings Statement or Offer letter on company letterhead, in the case of new or pending employment.
• 2. Present a copy of applicant's driver's license, age of majority
card or military I.D
• 3. Proof of valid Social Security number or all applicants
in the United States on a work VISA must provide a copy of the VISA
Credit History
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Scoring Information
Legend Management Group uses a statistically sound credit
scoring system called SafeRent to evaluate your consumer credit report.
Credit scoring is based on real data and statistics, so it treats all
applicants objectively. Your consumer credit report contains information
about you and your credit experiences, such as your bill-payment history,
rental history, the number and type of accounts that you have, late payments, collection
actions, outstanding debt, and the age of your accounts. Using a statistical
program, SafeRent compares this information to the credit performance
of other applicants with similar profiles, which allows them to predict
how likely it is that you fulfill your lease obligations. An acceptable
score from SafeRent is required for application approval. A score rated "accept with conditions" will require a deposit equal to two months rent paid in certified funds.
Residency History
We require the two most recent and consecutive years of
resident history. This resident history must reflect prompt payment
history and compliance with community policies.
Employment History
Recent employment must be verified, and the applicant
must be employed and in good standing. Self-employed applicants
must provide a valid business license, the most current annual tax return
(submission of W-2s only is not sufficient) and/or a statement from
your CPA, or attorney, on letterhead indicating the amount of annual
income expected. Retired applicants must provide documentation regarding
source of income, i.e. Social Security, pension and/or savings. Copies
of these documents will be maintained in the Leasing Office.
Income Requirement
Combined gross monthly income from no more than
two applicants must meet or exceed the income listed on the current
price list. Retired applicants must have sufficient income and/or savings
to meet the qualifying income requirement. Legal documentation must
be submitted to support any other sources of additional income you wish
us to consider, including the following:
• Alimony
• Dividends
• Military Housing Allowances
• Child Support
• Interest
• Retirement Income
Occupancy Guidelines
One Bedroom - Two (2) Occupants, maximum
Two Bedroom - Four (4) Occupants, maximum
Three Bedroom - Six (6) Occupants, maximum
*Note: Lofts are not considered bedrooms
Criminal Background Checks
We do screen for criminal background checks at all of our Maryland communities. At this time, it is not necessary at our Virginia communities.
Roommates
Each leaseholder is jointly and severally (fully) responsible for the
entire rental payment and must sign the lease agreement. Management
will not refund any part of a security deposit until the apartment is
vacated by all lease holders.
Supporting Documentation
The completed application and supporting documentation must be received within 3 business days of the date of the reservation of the apartment.
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