122 W. Valerio St. #E- 1bd/1ba downstairs end apartment. Kitchen features dishwasher, granite countertops, tile floors throughout and lots of cabinet space. Great downtown location walking distance to shops and restaurants. Water and trash included. Cat ok with pet deposit. One off-street parking space provided. Non-smoking property, co-signer ok. $2,325/mo. NOTE: Our standard lease term is a 6 month to 12-month lease, however we offer the Santa Barbara Mandatory 1 Year Lease Ordinance as well as other lease options that may be agreed to in most cases pets are NOT allowed. If they are allowed, an extra deposit is required, $250 for each cat and $300 for each dog. There is a non-refundable application fee of $40 check for the verification of your records and the processing of a credit check. One application is processed at a time on a first come first served basis. BRISTOL PROPERTY MANAGEMENT DBA THE LAUREL COMPANY RENTING POLICIES AND PROCEDURES To expedite the application procedure and make your time renting from The Laurel Company an enjoyable one, please read the following guidelines: 1. APPLICATION: Applications are only given out after the unit has been inspected by ALL prospective occupants. Only one application is processed at a time for a particular unit. Applications are received on a first come first serve basis. A unit is considered to have an application pending only when the application or applications of all roommates and/or co-signers have been completed and returned with the appropriate fees to the Rental Office. All applicants must submit a separate application. An application fee is required for all individuals applying for a unit. 2. APPLICATION FEES: There is a forty-dollar ($40.00) non-refundable application fee for each applicant. 3. QUALIFING CRITERIA: A prospective resident is subject to the following criteria: A. INCOME/EMPLOYMENT: Applicants collectively must gross verifiable income of two and a half (2.5) times the rent. If employment income is used to qualify an applicant, it must be a verifiable. Applicants who are self-employed must provide the last two years tax returns. Applicants using Trust Accounts to qualify must provide a Letter of Appointment for their Trustee and certified copy of Trust Documents. B. COSIGNER QUALIFICATION: A cosigner may be used if it is listed on the rental list description. This requires a separate application and fee. We allow one cosigner for the entire property and all residents. The co-signer is responsible for the rent, damages and remains responsible for all tenant obligations under the lease. Co-signers who are self-employed must provide the last two years tax returns and must meet independent of the income qualifications of tenants the three (3) times rental income standard and credit score standard. In the event that the co-signer's resident vacates the unit a new co-signer may be substituted. Until that substitution of co-signer is approved in writing by Landlord the co-signer will not be released from their guaranty. Deposit adjustments are the responsibility of the residents. No deposit will be refunded until all residents vacate the unit and the premises are surrendered to Landlord. C. CREDIT: Applicants must have acceptable credit as reasonably determined by the Landlord. Bad credit will disqualify you. A credit report will be purchased and your application to rent expressly gives us the right to investigate your credit. D. RENTAL HISTORY: Applicants must have a good rental history, which can be verified, with no delinquent or unpaid damage charges. Please provide previous rental agent/landlords and phone numbers for at least the last 5 years. Any missing information including addresses/zip codes will result in your application being delayed or disqualified. E. OCCUPANCY LIMITS: There is a limit of two (2) people per bedroom in any rental unit. Children of the age of one (1) year and over are counted as a person. Children under one (1) year are not counted. 4. PETS: Pets are generally not allowed on most properties. Check the rental list carefully, it will tell you if pets are allowed in a specific unit. If pet(s) are allowed there will be an additional pet deposit, $250.00/cat and $300/dog. 5. LIQUID FURNITURE: Not all units accept waterbeds which use is regulated California Law. Please check if the particular unit you are interested in allows water furniture. Tenants are not allowed the use or to have liquid-filled furniture on the Premises unless Tenant first gives proof of compliance to Landlord=s reasonable satisfaction, including increased security deposit, under Civil Code '1940.5. 6. AMOUNT TO MOVE IN AND HOW TO PAY: Prior to obtaining possession, a FULL first months rent must be paid along with a FULL security deposit (which is equal to one month's rent.) The initial payment must be in the form of a cashier's check or money order. We will pro-rate the following month's rent. 7. LEASE TERM: Unless otherwise stated, all leases are for six (6) months_________ or 1 year _________. Upon completing the lease term your lease will revert to month to month terms. 8. RESPONSIBILITY: All residents and co-signers are jointly and severally responsible for any and all charges, damages and other financial obligations of the Lease for the unit. 9. SECTION 8: Santa Barbara Housing Authority Can be used for income verification. Signed: ____________________________ Date:______________ (Read and received) Owner Pays Trash, Water
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