Nebraska Rental Application Criteria

CREDIT

Applicant(s) must have good credit history which shows on a credit report from our tenant screening provider, RentGrow. If applicant(s) report shows unsatisfactory credit, (i) applicant(s) may provide a qualified guarantor/cosigner for the lease that meets all of the guarantor/cosigner requirements** or (ii) applicant(s) may provide a deposit equal to one (1) month of rent as well as the first and last month's rent at time of move in with certified funds. Unsatisfactory items may include: no established credit, outstanding collections, charge-offs, judgements, foreclosures, open bankruptcy, repossession, etc. within the past 4 years.

RENTAL HISTORY/RESIDENCE

Any applicants with unfavorable payment history of rent or utilities, record of unacceptable behavior, poor housekeeping, or destruction of property may be denied.

• Any applicant(s) involved in an eviction, eviction proceedings commenced, or lease terminated by a landlord in the past 24 months will be rejected.
• Any landlord you owe money to must be paid in full no matter how old the balance may be.

INCOME

Applicant(s) combined monthly income while residing with CIP Communities must exceed 2.5 times the monthly rent for the unit. Applicant(s) must provide their two (2) most recent consecutive paystubs or provide proof of at least 2.5 times rent times the lease term in an account (savings, CD's, mutual funds, money markets, 401k, etc.). Proof of current student loans, scholarships, stipends, or grants from a college or university will be accepted. A copy of documents such as I-20, F-1, J-1 may be used for applicant(s) moving from out of the United States. If applicant(s) does not meet the income requirement, (i) applicant(s) may provide a qualified guarantor/cosigner for the lease that meets all of the guarantor/cosigner requirements** or (ii) applicant(s) may provide a deposit equal to one (1) month of rent as well as the first and last month's rent at time of move in with certified funds.

CRIMINAL OFFENSES

A detailed criminal background check will be performed on all applicant(s) 18 years and older to review for certain felony offenses with discharge dates within the last 7 years. Items include, but are not limited to; terroristic threats, property or personal safety related crimes, drug related crimes. All Registered Sex Offenders will automatically be denied. Anyone charged with arson (misdemeanor or felony) will be denied. Applicant's criminal history will be determined on a case-by-case basis and may result in a denial.

IDENTIFICATION REQUIREMENTS

A government issued photo ID is required to live at all CIP Communities. Prior to issuing any keys at move in, CIP Communities requires to make a copy of each leaseholder's physical photo ID, and this copy will be retained in the resident file.

APPLICANTS WITH HOUSING VOUCHERS (Lincoln properties only)

If you are applying for a unit and have an approved Section 8 Housing Voucher, please provide your Voucher Approval along with the Lincoln Housing Authority Utility Allowance page. Per that document, you cannot rent a unit with housing assistance if the rent is above the max contract rent amount listed on that document. CIP Communities will use the following formula to calculate your income requirement: Market Rent Max HAP = Residents portion of rent. Residents portion of rent x 2.5 = total income requirement per month. If applicant(s) report shows unsatisfactory credit or the applicant does not meet the income requirements, applicant(s) may provide a qualified guarantor/cosigner for the lease that meets all of the guarantor/cosigner requirements**

**GUARANTOR/COSIGNER REQUIREMENTS

Guarantor must be over the age of 18, be a United States Citizen. Guarantor must have established good credit which shows on a report from our tenant screening provider, RentGrow. Within the last year, Guarantor must have at least 6 months of verifiable, good rental history from an unbiased source or have home ownership. Income must exceed 5 times the applicant's share of rent and provide proof of the income. Owning a home is considered as income when verified that guarantor owns the property.