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Rental Policies

General

Please note that nothing contained in these requirements shall constitute a guarantee or representation by us that all residents and occupants currently residing in the homes we manage 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 the various resident credit reporting services used. It is the policy of this company to comply with all applicable fair housing laws including those which prohibit discrimination against any person based on race, sex, religion, color, familial status, national origin, or handicap.

Application Process

Each application must be completed, signed, and paid for before processing. Applications are processed in the order in which they are received. Additional applications will continue to be accepted until the approved applicant has signed the lease and paid the security deposit. As a representative of the property owner, we must act in their best interests and we will choose the best application if more than one person has applied. Processing will normally be completed within 48 hours; however, it can take longer if a complication arises such as difficulties verifying your previous rental history, etc. A copy of the applicant’s driver’s license or other federally issued Identification is required and will become part of the completed application. All information on the application is subject to verification. Applications will be denied if falsified. Once approved, each applicant must sign the lease and be fully responsible for all obligations under the lease agreement.

Under certain circumstances, if application is denied, an approved co-signer may substitute their application, sign the lease, and accept full financial responsibility along with the applicant. In lieu of a co-signer, and at the discretion of MoanaVentures Inc, the applicant may pay an additional security deposit equal to the maximum the law will allow. Guideline requirements may be waived if applicant pre-pays rent for the full term of the lease.

Credit

A credit report will be completed on all applicants to verify account credit ratings. Income plus verified credit history will be entered into a credit scoring model to determine rental eligibility and security deposit levels. Unfavorable accounts that will negatively influence this score include, but are not limited to, collections, charge-off, repossession, and current or recent judgments.

Occupancy

Two people per bedroom. A family may occupy an apartment if the family does not exceed two persons per bedroom plus an infant child.

Security Deposit

The application deposit is due in full and is required upon submitting the application for approval. Once the application has been approved, the application deposit then becomes the security deposit. The deposit amount varies from property to property and must be paid in advance and must be paid by certified funds (money order, cashier’s check, or certified check). A personal check will only be accepted with a bank guarantee card and verification from the bank of sufficient funds.

Background Check

A criminal record verification is made on all persons over the age of 18 who will occupy the property. Cause for the application to be rejected includes conviction of illegal drug or gang involvement of any kind, any violent act against another person, vandalism or arson, burglary, criminal trespass, or stalking.