Welcome to the Waterways! In order to reside in our community, we require each applicant and each adult occupant to meet established rental criteria. An adult occupant is defined as an occupant over the age of twenty-one (21) residing with a parent or legal guardian, whose name is appearing on the lease as a non-responsible party. Before you complete a Rental Application, we encourage you to review these requirements to determine if you are eligible.

All applicants and each adult occupant must complete a separate Rental Application. Married couples may submit a single application.

Items A through J apply to the resident(s) responsible for paying rent under the apartment lease. Item E applies to all applicants and adult occupants.

A.   INCOME- Monthly combined income for all occupants must be three (3) times the monthly rent. Verification can include pay stubs, written verification from income sources, phone verification by an employer, bank statements, tax forms, etc.

B.   RENTAL HISTORY- Applicant must have a minimum of twelve (12) months consecutive rental history or proof of home ownership. Satisfactory history is defined as no more than two (2) late payments and no more than one (1) returned check, the resident gave adequate notice to vacate, and there are no outstanding financial obligations to the landlord. The previous landlord must be willing to re-rent to the applicant,

*If first time renter, The Waterways Apartments may require an additional deposit not to exceed two month’s rent or a co-signer.

C.   CREDIT HISTORY- Applicants credit history must not have collections with in the last two (2) years, bankruptcies within the last two (2) years, or judgments / liens in the past two (2) years.

*Applicants with no credit history or insufficient credit history may be charged up to two (2) months rent as an extra security deposit. Applicants with collections or foreclosure of any real estate property will not be accepted.

D.   OCCUPANCY GUIDELINES- All residents and adult occupants must be listed on the lease agreement. No more than two (2) occupants may reside per bedroom.

*The two (2) person limitations shall not apply to a child or children born during the course of the lease. Residents that have a child or children born during the course of the lease will be required to transfer to another available apartment within ninety (90) days or the end of the lease, whichever is the later date.

E.   CRIMINAL HISTORY- All occupants over eightteen (18) will be checked for criminal history. The history must reflect no felony convictions, deferred adjudication for a felony or a misdemeanor for a crime against a person.

F.   CO-SIGNERS- May co-sign for the lease agreement only after filling out an application and meeting all rental criteria. Income requirements for a co-signer must be five (5) times the monthly rent. Co-signers must pay an application fee and will not be accepted with insufficient credit history.

G.   RENTERS INSURANCE- Insurance must be obtained and maintained throughout residency.

H.   PETS- Only dogs and cats are permitted within the following guidelines

• No aggressive breed pets
• No exotic pets
• Pet deposit must be paid in full
• Pet addendum must be signed by the resident(s)
• Breed restrictions may apply. If the breed is questionable, the decision will be left up the Community Management.
• No more than two (2) small pets per apartment.
• No more than one (1) large dog per apartment.
• No more than one (1) large and one (1) small pet per apartment.
• Animals used for disability assistance are not considered under this policy.