Rental Criteria

    Tarragon Property Services does business in accordance with the Fair Housing Act. All occupants over the age of 18 must qualify. All non-dependent leaseholders or non-dependent occupants of legal age must fill out an application and are considered to be applicants. Each applicant must complete an application in its entirety and all information provided must be true, accurate and complete, as well as verifiable. Qualification is determined using a credit analysis model, income verification, and criminal background history. Resident history may be evaluated based upon the outcome of credit analysis. Each applicant’s credit and criminal status will be individually evaluated; leaseholders’ income will be combined for credit scoring.


    Occupancy Guidelines:


    The maximum occupancy standards are listed below. There are no exceptions.


    Studio: 2

    One Bedroom: 3

    Two Bedroom: 5

    Three Bedroom: 7

    Four Bedroom: 9

    Valid Identification:


    Copy of valid identification must be provided within 48 hours after submittal of application otherwise unit on application may no longer be reserved


    Income/Employment:


    Verifiable gross monthly income for all leaseholders is combined and entered into the credit scoring model for each applicant. The combined minimum income requirement is three times the amount of monthly rent. Additional sources of income may be considered. Guarantors, if required, will meet a minimum monthly income of five times the monthly rental amount.


    Income verification must be provided within 48 hours after submittal of application otherwise unit on application may no longer be reserved.


    Payment Requirements:


    Only U.S. Dollars accepted


    Credit Analysis:


    A credit report will be secured and evaluated for all leaseholders. As of June 9th, 2016 we do not accept Reusable Tenant Screening Reports.


    Renters’ Insurance:


    Proof of renters’ insurance is required at time of move-in


    Criminal History:


    A criminal background check will be conducted for each applicant. Each application will be individually evaluated and further investigation into the circumstances of the following crimes will be conducted:


    Felony conviction

    Any terrorist related conviction

    Any illegal drug related conviction

    Any prostitution related conviction

    Any sex related conviction

    Any cruelty to animals related conviction

    Conviction involving crime against persons or property

    Any of the above related charges resulting in “Adjudication Withheld” and/or “Deferred Adjudication”

    Active status on probation or parole resulting from any of the above

    Additional information may be required to approve application.


    Rental History:


    Rental history for the past 24 consecutive months will be evaluated based on the outcome of the credit analysis. Any balance owing to another apartment community will result in an immediate denial of the rental application.


    Additional Deposits/Guarantors:


    An additional deposit and/or guarantor may be required based on the outcome of the credit analysis, income verification, or rental history of the applicant(s). Guarantors must score a “Qualified” credit outcome to qualify.


    Apartment Availability:


    The listing of available apartments to rent is updated as each apartment becomes available. This may occur at varying times throughout the day and accordingly, available listing at business day begin may differ from the available listing at business day end. An apartment becomes available to lease when Management receives a notice to vacate, and/ or receives the keys, and/or validates a vacancy.


    Application Fees:


    A standard application fee of $40 applies to all applicants and is required before an application can be processed. Promotions or limited time offers that advertise no or reduced application fees still require an applicant to pay the application fee at the time of application submission; in cases of applicable promotional offers, a refund of said fee will be made after an application has been approved.


    An administrative fee of $200 will be required at the time of move-in. Promotions or limited time offers that advertise no or reduced move-in fees still require a move-in fee to be paid prior to move-in date; in cases of applicable promotional offers, a refund of said fee will be made 14-21 days after move-in date.


    In case of denied or canceled screening, any application fees will be refunded via check 14-21 days after denial/cancellation.