I have purchased a home and seeking to relet this dwelling. This spacious 3-bedroom single family home is in the Woodland Forest subdivision of Tuscaloosa, AL. This home is 15 minutes from the University of Alabama and approximately 45 minutes from Birmingham, AL. The home is equipped with a refrigerator, stove, dishwasher, garbage disposal, washer/dryer, one-car garage, extra storage, and granite throughout the kitchen and bathrooms. This lease will be upheld/held by H.A. Edwards, Inc. but you will contact me for a "showing". When you are ready to sign a lease with H.A. Edwards, I will provide the name/s and contact information to the Company and you will be directed to submit an application via their online portal. When you sign a lease with H.A. Edwards, I will be relinquished of all obligations and your formal 12-month lease will begin. H.A. Edwards, Inc. supports The Fair Housing Act as amended, prohibiting discrimination in housing on race, creed, color, religion, national origin, handicap, familial status, or sexual orientation. The following qualifications standards will be required from every perspective resident. All applicants must provide a government issued I.D. at the time of application. A completed application with application fee ($50) is required for each adult resident and each adult occupant. Upon request, we will discuss, in general, the requirements for approval prior to you submitting your application. Lease holder(s) must be 19 years or older. An application must be submitted by each applicant 19 years of age or older, even if living with a parent or guardian. An administration fee of $150 per bedroom is assessed (non-refundable and typically deducted from the security deposit). Number of occupants: Two Person Maximum Occupancy per Bedroom (unless otherwise dictated by State or Federal law). Automatic Denial: Applicant will be denied for any of the following: Unpaid Eviction, Housing Debt, Active Bankruptcy, Credit Score below 650. Credit Scoring: Information about you and your credit experience such as your bill-paying history, the number and type of accounts that you have, late payments, collection actions, outstanding debt, and the age of your accounts is collected from your credit report. An automated credit scoring system determines your credit score, which establishes any further verification needed and your security deposit. Rental History: Applicant must have twelve (12) months verifiable residence/history. Documented lease violation may result in denial. Employment: Lease Holder must have twelve (12) months verifiable employment history or confirmation of full-time student (minimum 9 hours). Income: Monthly gross income requirement is (3) times the monthly rent amount. Failure to meet requirement will result in added points to overall risk score. Income must be verified by one or more of the following Management approved documentation: Two (2) most recent pay stubs, court documents approved by management, last two (2) years Federal Income Tax Returns if self-employed, employer offer Letter if new employee, CPA/Certified letter of income. Criminal History: Applications will be denied if: felony conviction, serving deferred adjudication, if within 10 years of completion of sentence, or case pending for the following: theft of property (exclude checks), damage to property, drug violation, violence, injury to persons or excusal offense no time limit, misdemeanor conviction, service deffered adjudication, if within 7 years of completion of sentence, or case pending for the following: theft of property (excludes checks, damage to property, drug violation, violence, injury to persons or sexual offense no time limit. Roommates: Qualify for income jointly at four (4) times market rent; each roommate must qualify individually in all other areas. Guarantors: Guarantors are required for full-time students who do not qualify on their own. A guarantor may also be used for applicants who have insufficient income, credit, employment, and/or rental history. However, a guarantor cannot be used to cover a denied applicant. In qualifying a Guarantor, they must qualify at four (4) times the market rent with management approved, documented income. Application Fee: An application fee is required per application prior to processing. Cancellations: Earnest Money and admin fees will only be refunded on denied applicants. Earnest money will not be returned for cancellations and will be forfeited as liquidated damages. If Applicant has no credit history, guarantor or income, applicant may pay an earnest money/deposit equal to 1 month's rent and the entire lease amount before move-in. In this event, applicant must qualify each year.
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