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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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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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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.

 

Copyright © 2005 Legend Management Group