Rental Information and Qualifications

Thank you for your interest in renting 812 Olive Street. The following should give you a general overview of the renting process. 

Viewing the Unit
1. Applicants are required to view a unit prior to signing a rental agreement. Applicants must view the unit, if they have not already done so, within 48 hours of approval of their application.
2. Unit can be viewed by appointment. If the unit is occupied it will require 24 to 48 hours for scheduling.

Rental Procedure
1. Application: Individual applications are required from each occupant 18 years of age or older. Incomplete or inaccurate rental applications can delay or preclude the processing of the application.
2. Application Fees: At the time of submission, a processing fee of $40.00 per application must be paid in cash, cashier's check or money order. Sorry, no personal checks can be accepted. The application fee is non-refundable.
3. Application Processing: It will take approximately three to four business days to process an application. This time may be longer if the application is incomplete or references are difficult to contact. Applications are processed on a first come-first serve basis. The most qualified applicant will be selected for approval. Qualifications are listed below.

Rental Qualifications
1. Amount of Income: Total verifiable gross monthly income of all adult occupants shall be at least two and one-half (2½) times the monthly rental rate. If income is less the application may still be considered if it can be demonstrated that the applicant will be able to meet the rental obligations. In some cases we may require a higher security deposit.
2. Employment: The length of time at a job, and/or the stability of other income sources will be considered.
3. References: We reserve the right to check previous rental references. If we receive poor references we may deny the application or require a higher security deposit.
4. Credit: We reserve the right to obtain credit information on any applicant. Credit checks may include submission to credit rating services such as TRW, Equifax and Trans Union as well as researching any unlawful detainer action against an applicant. If we receive a poor report we may deny the application or require a higher security deposit. Married couples and/or co-tenants are not permitted to aggregate their credit scores to meet the screening criteria. If an applicant has placed a freeze on their credit report and fails to lift the freeze the applicant will have an incomplete application, which is grounds for rejecting that application (Cal. Civ. Code § 1785.11.2(h)).
5. Occupancy: To avoid overcrowding, the number of people that may occupy the rental unit is limited to two (2) people per bedroom (children under the age of two years are not counted when calculating occupancy limits).

Approval/Move-In
1. Notification: Applicants will be notified by phone as soon as the application has been reviewed. Approvals are valid for a period of seven (7) days including the date of notification.
2. Move-In: Before you move in the following must be completed:
a. Rental Agreement signed by all occupants.
b. Security Deposit paid in full by cashier's check or money order. Please note that personal checks cannot be accepted for payment of security deposit.
c. Full first month's rent must be paid by cashier's check or money order. Note, the second month will be prorated, if applicable, as noted below.
3. Responsibility: All residents are jointly and severally responsible for any and all charges incurred under the terms and conditions of the rented apartment.
4. Rent: Rent begins upon occupancy. If an applicant does not wish to occupy the unit immediately, the unit will be held on a "first right" of refusal; if another application is submitted for the same unit and the second application can move in immediately the first applicant has the first right to begin paying rent immediately or relinquish the unit to the second applicant.
5. Rent is due on the first of each month and is late after the 3rd day of the month. We do not issue a statement of notification for monthly rent. Late rent is subject to a $75 late fee per unit. We will accept multiple checks, cashier's checks or money orders as payment. A three-day notice is sent to units with outstanding balances between the 3rd and the 10th of each month. A $55 Three-Day Notice fee will apply when notice is served.
6. Pro-rate: Regardless of the number of days during the month, pro-rated rent is calculated by dividing monthly rent by 30. The resulting number (the daily rate) is then multiplied by the number of days the unit will be occupied in the pro-rated month.
7. Pets: All pet rules are strictly enforced, and all pets must be approved in writing in advance with an addendum to the rental agreement.

We do not discriminate on the basis of race, color, creed, national origin, marital status, age, sex, source of income, sexual orientation or any other form of discrimination prohibited by law.