We have listed the
qualification criteria for approval of your future
APPLICATION: Each occupant 18 years of age and
older must complete an application. Be sure to complete all
areas, including landlords and employers, phone numbers, cities,
states, and zip codes. A $40 non-refundable application fee
will be assessed for all applicants. A reservation deposit of
$200 is required, which is refundable up to 72 hours of reservation
INCOME: Gross monthly income of combined
applicants must be 3 times the rent of the apartment. All
proof of income must be legal and verifiable. Any income
documents from outside the United States must be converted to the
English Language. Acceptable documents include:
current pay stubs showing tax deductions and year-to-date
Employment - official offer letter on company letter head, signed
by all parties.
- Self-Employed - current year signed tax
- Statements from government payments i.e.
disability or social security
Orders for child or spousal support.
- Statements of income from investments or trust
the event an applicant does not have income, savings may be
verified with three months of consecutive statements with an
average balance totaling 3 times the annual rent. Any income
documents from outside the United States must be converted
to the English Language. Acceptable documents
- Savings/checking account
CREDIT/RESIDENCY HISTORY: Applicants history will be reviewed for late
payments, charge offs, collections, bankruptcies, judgments, and
eviction records. Additionally, favorable residency history is
third party screening service, RealPage Inc., will evaluate
applicants credit history.
- Evictions or debt to property management will
result in an automatic denial.
applicable, additional security deposit may be required for credit
or residency issues.
years of positive rental payment history is
applicant can obtain a guarantor if the income ratio is not met or
if the credit history reflects a denial.
- Guarantors must complete an
- Guarantors must have superior
- Guarantors must qualify showing income of 5 times
the monthly rent, or three consecutive savings statements of 5
times the annual rent.
- Guarantors must sign the guarantor addendum prior
to move in.
- Guarantors must reside in the United
IDENTIFICATION: All applicants must show current/valid
government-issued photo identification before move
Maximum number of persons per apartment is as
- Studio max is two people.
- One-bedroom max is three
- Two-bedroom max is five people.
- Three-bedroom max is seven
RENTERS INSURANCE: This is required prior to moving into Park Newport
Apartments. You may sign up with eRenterPlan insurance program or
provide your own insurance. If you choose to provide your own
insurance, you must provide us with the Declaration Page from your
minimum of $100,000 liability coverage.
- Policy number.
address of your new apartment.
policy term greater than or equivalent to the term of your
__________I understand proof of Renters Insurance
is required prior to move in.
Thank you for applying at Park Newport
Apartments. To ensure prompt processing of your application,
documentation must be submitted to the leasing office within 24
hours of your reservation.