Old South Properties, Inc. 6218 North 9th Avenue Pensacola, FL 32504 850-478-8845 Property Management Renting Pensacola One Yard at a Time This RENTAL PROCESS AND APPLICATION DISCLOSURE must accompany the Rental Application. We are pledged to the letter and spirit of the U.S. Policy for the Achievement of Equal Housing Opportunity throughout the nation and our community. We encourage and support a program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, military status, familial status, marital status, or national origin. You may preview any of our available rentals with a $20 key deposit and a copy of your driver’s license. If the home is currently occupied, an appointment with the current tenant will be necessary. Our leasing consultants will be happy to show you our available rental homes at no charge to you! You may also preview our properties 24 hours a day on line at www.eraoldsouth.com. We lease single-family homes, condominiums, and townhouses throughout Escambia and Santa Rosa Counties. Simply call our office for an appointment at 850-478-8845 or 1-800-874-0101. You may also preview our properties 24 hours a day on line at www.pensacolarentals.com or by interactive automated phone at 850-478-1951 and put in the 4-digit code from the Old South Properties’ (OSP) sign in the yard. Application Processing and Time Frame Processing an application normally takes 2 or 3 days. In some cases, approval of homeowner associations, condo associations, homeowners, or unforeseen circumstances may require some applications to take longer. You will be contacted immediately upon determination of approval or denial. All adult applicants over the age of 18 must submit a fully completed, dated, and signed rental application and application fee. No rental property will be held vacant for more than 2 weeks, unless approved by OSP. Cost If you apply to rent one of our properties, there is a non-refundable $50 application fee per adult. This must accompany the completed application form provided to you by our company. Incomplete applications or applications submitted without the proper application fees will not be considered, and application fees will not be refunded for incomplete applications. Our leases are currently prepared by an Attorney at law to comply with Florida laws. If you are the successful leasing candidate, there is a one-time lease closing cost of $50 to cover our administrative cost and the cost in preparing your lease. Some homeowner and condominium associations may require a separate application and fee; if such is the case, you must also apply separately to such homeowners or condominium association and remit whatever other application fee may be required as a prerequisite to our approval of your application. 7/2013 Page 1 of 4 Initials ______ ______ The Application You hereby authorize that upon receipt of your rental application and application fee, we will (1) check your credit report; (2) check the public records for any past evictions; (3) verify your employment; (4) verify your previous landlord references; (5) do a criminal background check. We would encourage you not to apply if you have bad credit, bad references, have ever been evicted in the past, or have a criminal record. Co-signers may be considered on an individual basis. Once you have been notified of your approval, you have one business day to bring in the security/damage deposit and sign the lease agreement. If you do not comply with this requirement, we may rent the home you applied for to someone else, and your application fee will not be refunded. All applicants should see the interior of the property prior to submitting an application; however, if one chooses to rent the property “sight unseen,” a premises inspection waiver will be required at lease signing. The property must be accepted in “AS IS” condition before an application can be accepted, except where there is written agreement for repair items. Any such repair request must be written at the bottom of this Rental Process and Application Disclosure. If your repair request is acceptable to OSP, then that agreement will be written in the lease or lease addendum. Verbal representations are not binding. In the event that the property manager receives two or more unrelated applications for the same property, the applicant understands the manager may select the applicant who is willing to accept the property in “AS IS” condition over another applicant who requests repairs. In all cases, the application fee is not refundable. All initial funds (first month’s rent and the security/damage deposit) must be paid by cashier’s check or money order payable to Old South Properties, Inc. Subsequent months may be paid by check. Resident Selection Criteria Married applicants must have a combined gross income of at least 3 times the monthly rent. If applicants are not married, each applicant must qualify individually. Incomes must be verified in writing, which applicant may do by providing recent pay stubs. Rental history must be rated satisfactory or better, with no record of evictions. We reserve the right to require a co-signer and/or a higher security deposit. Co-signers are accepted at the property manager’s discretion; the co-signers must meet all requirements. Credit history and/or Civil Court Records must not contain judgments, eviction filings, collections, liens, or bankruptcy within the past 3 years. We can tell you the contents of the credit report but are not permitted to give you a copy of the report. However, we can provide you with the name of the credit reporting agency so you may receive a copy from them. All information collected for the approval or denial of this application is considered confidential in nature and for company use only. Self-employed applicants may be required to produce 2 years of signed tax returns or IRS 1099 forms. Nonemployed applicants must provide proof of income. Conviction of a felony within the past 7 years is cause for rejection. Applicant must not have a felony record that was adjudicated guilty or had adjudication withheld for the past 7 years, or any conviction of any length of time for any drug-related, sexual-related, murder-related or arson-related crime. A valid current photo ID documentation (driver's license, military ID, or state ID) is required. Previous rental history reports from landlords must reflect timely payment; sufficient notice of intent to vacate; no complaints regarding noise, disturbances, illegal activities; no NSF checks; and no damage to rental property or failure to leave the property clean and without damage when you left the property. 7/2013 Page 2 of 4 Initials ______ ______ Current occupancy standards are a maximum of 2 persons per bedroom, except for children under 4 years of age. However, some city and county municipalities and/or homeowners associations prohibit more than 2 unrelated adults to reside in a single family dwelling unit. Unless medically necessary, no pets of any kind are permitted without specific written permission stated in the lease document by OSP. Some owners may allow pets. If an owner allows pets, then there is non-refundable pet application fee of $250 per pet. Some properties may require higher pet fees or higher amounts of rent. If this applies, you will be notified at the time of the application. The following pets will not be accepted unless medically necessary: German Shepherds, Doberman Pinschers, Pit Bulls, Chows, or Rottweilers. Any exceptions to these criteria will need to be submitted in writing to OSP for consideration. If approval is then given for such exceptions, additional security deposit, co-signers and/or additional rent may be required. Other Rents quoted are the amounts due on or before the 1st of each month by 5:00 PM; otherwise, $30 late fees start on the 3rd of the month and increase by $5 per day thereafter. Keys will be released on the first day of occupancy as stated in the lease agreement. A request for keys earlier than that must be accompanied with additional pro-rated rent and must have prior approval from OSP. Security deposits are security for faithful performance by tenants of all terms, covenants, and conditions of the lease agreement and may not be used to pay rent under any circumstances. Unless claimed due to a breach of lease or damages, the security deposit is refundable when the tenants move out of the property at the expiration of the lease term. Repairs—Old South Properties strives to ensure that all items are in good working order. Please report any repair request during your first 5 days of possession. Multiple applications—It is entirely possible that OSP may receive multiple applications from unrelated individual applicants on the same property at approximately the same time. If such is the case, we will process all applications for consideration as to what we deem to be the best applicant, which may not necessarily be the first application received. In such cases, more than one applicant may be approvable; however only one will eventually be approved. In order to evaluate the various applications it is necessary for OSP to expend time and cost in credit reports, criminal reports, and other administrative costs. Therefore, the application fee is not refundable. If your application is qualified but not accepted for the property for which you are applying, you may consider applying for one of our other available properties without payment of an additional application fee. The leasing consultant will submit your application for processing. Verbal representations are not binding. Once your application is submitted to OSP, the approval/denial and negotiation process (if any) will be handled by the property manager. All decisions are made without regard to race, color, religion, sex, handicap, military status, familial status, marital status, or national origin. This Rental Process and Application Disclosure is an integral part of the rental application. I/We do hereby acknowledge that I/we understand and agree to the terms of application and rental process as described herein. I/we further acknowledge that I/we have seen and previewed the rental property (both inside and outside) for which we are applying. 7/2013 Page 3 of 4 Initials ______ ______ Correct Information—Applicant represents that all of the above statements and those in the Rental Application are true and complete and hereby authorizes verification of the above information, references, and credit record now, during tenancy, and after tenancy if balance is left due. Applicant acknowledges that false information herein may constitute grounds for rejection of this application, termination of the right of occupancy, and/or forfeiture of deposits. The $50 application fee is non-refundable. This application is subject to acceptance by the owner and execution of a lease or rental agreement. Agency—You should know that Old South Properties is paid by the owner. As a result, we are considered by Florida law to be agents of the owner. Please sign this page, initial the other pages, and bring them in with the Rental Application. Applicant’s signature Date Applicant’s signature How did you hear about this property? Please contact us if you have questions: Phone—850-478-8845 Email—erarentals@eraoldsouth.com Thank you for your interest in Old South Properties. 7/2013 Page 4 of 4 Date