All individuals, regardless of their race, color, religion, sex, national origin, family status or handicap are guaranteed the right to rent any property they can afford. The federal laws that guarantee this right are commonly referred to as the "Fair Housing Laws".

Kohner Properties, Inc. maintains a policy of strict compliance with these Fair Housing Laws. Applicants must be 20 years of age and must be able to demonstrate their ability to pay rent on time and to meet the requirements of occupancy. Generally, residents are approved or denied based on four (4) areas: income, employment stability, rental references and credit history.

Income:

For market rate, unassisted properties the combined gross income for all named tenants on the lease must equal at least three (3) times the monthly rental amount. In some situations, a co-signer may be accepted for students or individuals not meeting minimum income requirements. Co-signers must be a United States citizen, must be employed a minimum of three (3) years on their current job and must have sufficient assets/income to meet the lease obligations in the event of a default.

For federally assisted communities, income limits are established by the Department of Housing and Urban Development and vary depending on location and family size.

Employment Stability:

Applicants for unassigned properties must be employed, however, trust funds, social security, pension, retirement funds and disability may be considered a reliable source of income depending on the circumstances. Length and type of employment is an important economic consideration in the approval process. How likely is this employment to continue? How easy is it to verify this employment? Is this person employed as a dishwasher? A Policeman? The TYPE of employment many times is an indication of how long the applicant is likely to be employed and a further indication of the likely stability of the income stream.

Rental Reference/History:

Comments from former landlords are important selection criteria. This includes past rental history (including non-payment of rent), failure to cooperate with applicable recertification procedures, violations of house rules, violations of lease, history of disruptive behavior, housekeeping habits, terminations of assistance for fraud, previous evictions and convictions.

Other properties (including Section 42) are regulated by State Housing Agencies and restrict occupancy to individuals and families earning less than 60% of the areas median income adjusted for family size.

Credit History:

Before an application for occupancy is accepted, a credit inquiry is made. Applicants without credit history are not necessarily denied: however, without credit history, it is sometimes more difficult for applicants to demonstrate their ability to pay rent on time.

We carefully compare the information on the application to make sure that it matches the information on the Credit Report. If not, then why not? Credit Report selection criteria includes:

• References must show prompt payment
• Bankruptcy must be at least two (2) years prior, with newly established credit
• Lower ratings on school loans and medical references may be acceptable in certain situations with proper explanation
• Tenants with a history of unpaid judgements or liens are usually denied
• Applications with unexplained differences between the application and the Credit Report may be denied

Municipal Occupancy Codes:

All applicants are further subject to municipal occupancy restrictions. In other words, family size cannot exceed City or County occupancy maximums. The maximum number of occupants per apartment varies from municipality to municipality and depends on the square footage and number of bedrooms in the perspective unit.

If there are no published restrictions, occupancy is limited to one (1) person for studio or efficiency, two (2) persons for a one (1) bedroom, four (4) persons for a two (2) bedroom and five (5) persons for a three (3) bedroom unit.

Police Reports:

When applicable, occupancy is further subject to Police checks.

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