Statement of Rental Criteria

FAIR HOUSING STATEMENT

We are committed to compliance with all federal, state and local fair housing laws. It is our policy to offer homes for rental to the general public
without regard to race, color, national origin, religion, sex, familial status, handicap or any other protected class under state or local law. We will
make reasonable accommodations, meaning changes in our community’s rules, policies, practices, and procedures, if those accommodations
are necessary because of a disability of any household member. We have a legal obligation to treat each individual in a consistent and
equally fair manner. In order to assist you with your decision on your new home, we are providing a list of guidelines used to qualify
residents for residency in our community. Please note that this is our current rental criteria; nothing contained in these requirements shall
constitute a guarantee or representation that all residents and occupants currently residing at the community have met these requirements.
There may be residents and occupants that have resided in the community prior to these requirements going into effect. Additionally, our ability to
verify whether these requirements have been met is limited to the information we receive from various resident credit reporting services used.
Our criteria include, but are not limited to, the categories listed below.

FEES/DEPOSITS
Each applicant may be required to pay a non-refundable application fee for verification of information and credit approval. An administrative
fee may also be due with the application fee and is non-refundable after 24-hours of application submission. A deposit may also be required
at the time of application submission to reserve the home. The deposit is non-refundable after 24-hours of application submission. If the
application is approved or approved with conditions, and the applicant fails to sign a lease or take occupancy of the premises on the agreed
date, management may retain the administration and deposit as liquidated damages for the amount of rent lost and any expenses incurred
due to the cancellation. By signing the Statement of Rental Criteria and application, you agree to the fees and/or deposits required.

LEASE HOLDERS
Anyone occupying the apartment 18 years of age or older must be listed as a Leaseholder and is required to execute the Lease Agreement
and meet all rental qualifications.

APARTMENT AVAILABILITY
Applications for homes will be accepted on a first come – first serve basis and are subject to the availability of the particular home requested.
“Availability” does not necessarily mean that a home will definitely be available for occupancy by the applicant at the estimated date.
“Available” homes include those where a “notice to vacate” has been submitted by an existing resident indicating an intention to vacate on or
about a certain date. Under certain circumstances, we will permit residents who are not in default of their lease to withdraw or change their
notice of moving. Other circumstances not necessarily under management control may also delay the date of availability of a home. In
addition, a home may not be considered available because it is about to be placed under contract as an application has been made and a
deposit placed to hold the home. If the applicant’s credit is not approved or if the applicant fails to sign a lease by the specified date, then the
home would again become available. Whether a particular home or type of home is available can vary significantly within several hours.
INCOME/EMPLOYMENT
All persons applying for an apartment must have a verifiable source of income in a gross amount no less than three (3) times the rental
rate. Verification must substantiate income information provided on the application and may include, but is not limited to: two most
recent pay stubs from current employer (showing year-to-date earnings), current bank statement showing recurring payroll deposits, last
year’s income tax return. If not available, alternative proof of income will be required. Due to the incidence of fraud in rental applications,
additional income screening verification may apply.

RENTAL HISTORY
Past rental history must be satisfactory (i.e., rent paid on time, lease obligation fulfilled, residence left in satisfactory condition with no
outstanding charges for damages, no non-monetary lease violations). An eviction would constitute cause for denial. No outstanding debt to
other rental communities is permitted at any time. Less than six (6) months rental history may require an additional deposit and/or guarantor.

APPLICANT SCREENING
A third-party screening company is used to verify and evaluate all applications for residency. The third-party screener will evaluate information
provided with a scoring model that is uniform, fair and unbiased for all applicants. Once the third-party screener evaluates all information, a
recommendation will be given on whether the applicant(s) meet the criteria set forth for all new residents in order to be approved for residency.

CRIMINAL BACKGROUND SCREENING

If any applicant or adult occupant has a record of a criminal conviction or deferred adjudication, that information will be evaluated under our
established policy regarding criminal history. That policy weights certain convictions or criminal history based on nature of offense, elapsed
time, and other factors relevant to acceptance for multifamily living. The fact that we perform criminal background screening does not mean
that our residents and occupants have no prior or current criminal histories, and we cannot and do not guarantee that this community and its
residents are free from crime. Verification of the accuracy of information supplied to or made available to us by applicants and credit
reporting services is limited. By signing the application, you’re giving us permission to run a criminal background screening.

CREDIT SCREENING
Applicant(s) must have a credit rating in “Good Standing” for the past 7 years. No liens, judgments, bankruptcies or foreclosures within the
last 7 years. Lack of established/good credit may require an additional deposit. No outstanding debt to other rental communities is permitted at
any time. By signing the application, you are giving us permission to run a credit screening. Running a credit screening will result in a “hard hit”
to your credit score.

GUARANTOR
Guarantors are accepted for lack of credit, lack of rental history and/or lack of income. Guarantors will be subject to a criminal background and
credit screening. Guarantors are required to have a verifiable source of income in a gross amount no less than five (5) times the rental rate.
All check stubs must show year to date earnings. If not available, alternative proof of income will be required.

OCCUPANCY
We have established an occupancy standard consistent with the HUD policy and the Fair Housing Act. This policy considers whether the
household at issue has familial status. Although occupancy guidelines vary by floor plan, our occupancy standard is generally two persons per
bedroom, plus one additional person regardless of age. A current Driver’s License or State ID or other Government-issued ID is required for all
persons age 18 years and older. Any person under the age of 24 months is not counted for occupancy purposes.

CITIZENSHIP STATUS
(This section is not applicable to persons applying to live at a Community located in the state of California)
Applicants who are Non-U.S. citizens, will need to submit supplemental documentation with the application and the Supplemental Rental
Application for Non-U.S. Citizens, including verification that they are in the U.S. legally and that their right to be in the U.S. will not expire
during the lease term.

Signature of Applicant Date

Signature of Applicant Date

Signature of Applicant Date

Signature of Applicant Date

Signature of Agent or Owner Date

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