615-904-7368

Please Add Logo
Return to Community Website

RENTAL ACCEPTANCE GUIDELINES


APPLICATION PROCESSING FEES:

  • Application fees are $50.00 per application. These fees are non-refundable if cancellation occurs by applicant after 72 hours of applying.
  • All applicants must be eighteen (18) years or older or be a legally emancipated minor to apply for an apartment. All occupants over eighteen (18) are required to complete an application and be a lease holder.
  • No cash accepted at any given time. We accept personal checks, money orders and/or cashier's check. We also accept all major credit cards upon leasing, visit our website www.waterfordplaceapt.com, convenience fees may apply.
  • Application screening includes current and previous employment, rental history, credit check, eviction/skip search and a criminal background check.
  • A security deposit reserves an apartment home and is due at the time of application. In addition, a non-refundable Administrative fee ($150.00) must be paid in full when submitting your rental application to our leasing office.
  • Security deposits will be forfeited in full if cancellation occurs by applicant after 72 hours of applying.

OCCUPANCY STANDARDS:

  • Occupancy guidelines are dependent upon size of apartment chosen. Davidson County Codes will be used to confirm appropriateness of number of occupants as needed.
  • Guests may not reside in home longer than five (5) days without written consent from management.
  • One (1) vehicle per lease signing person and no more than two (2) vehicles per apartment without written consent from management.

INCOME:

  • Household verifiable gross income must equal or be greater than three (3) times the Market rental rate of apartment type chosen.
  • One (1) year at present job or verifiable former employment or an employment offer letter. Two current pay stubs are required. Other methods to verify income may be available.
  • Guarantor lease holders must have verifiable income that equal to five (5) times the Market Rental rate.
  • If self-employed, most current tax return and bank statements for the previous two (2) months must be presented. Applicants employed on a commission only or base pay plus tips/commissions/bonuses are considered self-employed (if unable to qualify on base income).

CREDIT:

  • Monthly outstanding debt payments (including rent) should not exceed 50 percent of monthly gross income.
  • No outstanding debt to any housing provider and/or utility provider unless proof of payment in full is provided by debtor.
  • Bankruptcy history is acceptable if positive credit is reflected for the most recent 18 months. Open bankruptcy such as Chapter 13 may require up to two months deposit, depending upon the length of time in the Plan.
  • First time renters may be required to pay additional deposits.
  • International applicants may present a valid passport and/or other valid government issued identification in lieu of domestic credit history.
  • A co-signer will not be acceptable for an applicant(s) with poor credit or eviction.

Rental History

  • Positive rental history for the past twelve (12) months must be verified by your previous landlord. First time renters and Active Military will be considered to be good history, unless credit states otherwise.
  • No more than (3) late payments within a 12 month period and no more than 2 NSF payments within a 12 month period will be allowed.
  • No history of Evictions or unpaid Rent Debt. Paid Rent Debt will be considered if positive rental history has been established.

Criminal Background

  • A previous felony does not automatically decline your rental application. Each of them are reviewed and a decision is made by the credit screening company based on severity and length since occurrence.

I hereby authorize and direct any federal, state, or local agency, organization, business or individual to release information that will verify in facts as represented on my application to rent an apartment with Waterford Place Apartments. I further understand that if I am not present, my signature must be notarized on this form and the application. I understand all parties involved must sign all legal documents and all monies due be paid in full prior to Waterford Place Apartments releasing keys on the premises.

Please use the button below to pay the application and admin fees. Thank you.


Pay Online

By clicking the button below to begin the application, you understand and agree that you have read and accept the information above.


Please choose "I Agree" to continue to the application.


Print Application