Please Read Below:

Rental Applications:
Rental applications are to be completed by each applicant 18 years or older. An application must be provided for all adults occupying the apartment home before it can be considered by management. Each applicant will be required to individually qualify. Management will rely on the information outlined on the application and if any information proves to be untrue, the application may be canceled.

Application Fee:
A non-refundable application processing fee of $35.00 will be charged before an application is processed.
This amount is non-refundable regardless of the outcome of the application or the reason for that outcome.

Income Verification:
A minimum of 3 times gross monthly rent in verifiable income is required. A combined total of 3 times the monthly rent for co-applicants. Documentation must be provided to verify all forms of funds stated on the rental application.

The following forms of documentation are accepted to verify funds:
- 2 consecutive pay stubs from the current employer(s) which must be dated within the past 60 days and must indicate the applicant’s name, address, company name, and gross annual salary to date.
- Signed employment contracts, letters, or statements of funds or a Verification of Employment Form on letterhead.
- W2, 1099, or 1040 (U.S. Individual Income Tax Return) – need to see original.
- Government / Court Ordered documents detailing benefits (includes Child Support, SS Income, Alimony Support.)

ID Verification:
The following will be considered acceptable forms of identification and each applicant must provide government issued photo identification. Driver’s License, ID card issued by a federal, state, or local government or a US Military ID or dependent card.

ML Hospitality defines risk score reports as the follows:
1. 600 or above – approved
2. 600 or below – denied. With Management approval a Guarantor or double deposit can be used to qualify if you are within 10 points of the 600
3. No Established Risk Score – may be approved in certain situations with conditions. Guarantor required.
ML HOSPITALITY defines an unsatisfactory risk score report as one which reflects a history of bad debts, unpaid bills (leniency will be given for medical bills and/or student loans), any legal judgments (within the last 5 years) or recent bankruptcy. A recent bankruptcy is defined as being filed within the last three years. If a positive credit rating has been established after the three-year period and proof of court ordered bankruptcy dismissal is provided, the application will be considered. If an application is denied due to poor risk score, applicants will be notified and provided with the name, address, and phone number of the credit bureau to obtain a copy of their report.

Criminal Background:
A criminal background check will be conducted on all applicants.

Previous Rental History:
Positive rental history is required for any applicant to be accepted. All previous rental verifications should reflect an account that was paid as agreed, shows no disruptive conduct, no damage to the property, no balance due or failure to comply with stated lease requirement. Negative rental history will result in application denial.

Occupancy Standards:
- Bedford County only allows 2 individuals per bedroom to occupy a home, townhome or apartment

- Franklin County only allows 2 individuals per bedroom to occupy a home, townhome or apartment

Security Deposit:
A full deposit equal to one month’s rent must be paid at the lease signing. The security deposit is eligible for refund at move out according to the terms of the Lease Agreement. In the event of damage to the leased property caused by the tenant, tenants family, agents or visitors, the landlord may use funds from the security deposit to repair damages.

Pet Policy:
Not all properties accept pets, please verify before applying!
2 Pet Maximum – Cats/Dogs
Weight Restrictions: 35 pounds at full maturity
Must provide photo and Vet records

Pet Fees:
If applicable, a Non-Refundable pet deposit fee will be required.

Smoke-Free Living:
Absolutely NO SMOKING is allowed in any of ML Hospitalities rentals. All homes are NON-SMOKING. If any evidence of smoking is found during the terms of your lease, the deposit will be forfeited and the tenant will be responsible for any damages or repairs.

Insurance: Tenant must carry RENTERS INSURANCE naming landlord and it's agent as additional insured's, with policy acceptable to landlord. A copy of the tenants insurance must be supplied to landlord prior to occupancy.

Equal Housing Opportunity:
ML Hospitality follows a policy of fair and equal treatment to all persons regardless of race, color, religion, national origin, familial status, sex, disability, or source of funds and in compliance with all Federal, State and Local Laws. We also have a responsibility to ensure the protection of our property, the residents’ right to peaceful occupancy and the owner’s financial interest.