205 - 5th Avenue Holdings, Llc

Studio Apartment in Sultan - FEATURES

This pet friendly studio is show ready and move in ready NOW. To schedule a tour please text Katherine 425-260-3121.

Rent includes electricity, yard care, AC and one dedicated parking spot.
Tenant is responsible for their share of water and sewer and their own garbage.

MOVE IN COSTS

- First month's rent (If mid-month move in, we will prorate month number 2)
- Resident Benefits Program (RBP) $25.00
- Application fee ($40 per person over 18, every person over 18 needs to apply)
- Security deposit equal to one month of rent
- Pet deposit (if applicable)
- PetScreening.com Profile (cost is free for no pets or support animals, $20 per pet)

A welcoming environment is paramount to all of our residents. To help ensure ALL of our residents understand our pet and animal-related policies, we use a third-party screening service and require EVERYONE to complete a profile. This process ensures we have formalized pet and animal-related policy acknowledgments and more accurate records to create greater mutual accountability.

Please get started by selecting a profile category on our landing page: https://realestategladiators.petscreening.com/

MONTHLY COSTS

- Rent
- Pet rent (if applicable)
- Landlord Liability Insurance required $13.50 (or use your own provider)
- Resident Benefits Program (RBP) $25.00
- Utilities

All Real Estate Gladiators residents are enrolled in the Resident Benefits Package (RBP) which includes HVAC air filter delivery (for applicable properties), utility concierge service making utility connection a breeze during your move-in, our best-in-class resident rewards program, and much more! More details upon application.

WHEN WILL WE BEGIN PROCESSING YOUR APPLICATION?

- After prospect tenant has viewed the property or has a proxy to view the property on their behalf.
- Government issued picture ID for all adults submitted with the application.
- Fully completed application, without material omissions, for every occupant over 18.
- Income verification submitted with the application.
- PetScreening profile completed for every applicant over 18 who applied. https://realestategladiators.petscreening.com/

RENTAL CRITERIA AND APPLICATION DISCLOSURE

The following information will be accessed as part of the screening of any applications for tenancy....

- All information on your application.
- Your rental history via any identifiable prior Landlords.
- Credit reports via a third-party Consumer Reporting Agency. Minimum credit score of 650.
- Public records regarding criminal conviction history or registration as a sex offender.
- Personal references.
- Verification of employment and/or income (or rental subsidy) amounts.
- Public records regarding civil court records.
- Any other information provided by the applicant (such as anticipated length of tenancy, tenancy commencement date, etc.).
- Any offers or proposals you may choose to make to us (additional rent or deposit funds, extended lease term, guarantors or co-signers, etc.).

Income/Credit Requirements:

- General rule is that income from the applicants intending to sign the lease must (collectively) equal or exceed 3 times the rent.
- Proof of adequate income (or reserves) to verify ability to pay rent on time throughout the lease term (select one or more):
• Verification of employment and salary/wages.
• Recent paystubs from verifiable employer.
• Tax return copies for self-employed applicants.
• Proof of regular investment earnings, social security or other form of governmental rental supplement.
• Any additional sources of income that applicant wishes to disclose (i.e. child or spousal support, trust income, financial reserves, etc…).
• Any rental subsidies which you wish us to consider. NOTE: Exceptions to minimum income requirements are applicable for Section 8/subsidized applicants as provided in SMC 14.08.040(F).
- Favorable credit history free of negative credit issues which may indicate that the applicant has a pattern of failure to timely pay financial obligations.

Rental History:

- For applicants with prior rental history, favorable references must be received from minimum of last two landlords.
- For applicants without prior rental history, adequate personal references for equivalent to two favorable past landlord references.
-Applicant agrees to obtain insurance protecting the premises from loss or damage caused by Resident(s)/Guest(s) negligence. A minimum of $100,000 of liability coverage needs to be obtained by the provider of your choice. Alternatively, you can use our provider at cost of $12.50 per month and the charge will appear on your lease with your rent charge. All monies received are applied to fees first then rent.

Guarantors:

- Applicants who do not meet our minimum criteria based upon income and/or credit requirements may propose a Guarantor.

(RLNE8458524)