Morningside Lofts Tenant Application

Each adult (18 years and older) applicant must apply and each must pay a $50 application fee. Valid ID required.

• You will need to submit proof of income (most recent pay stubs) showing all adults’ combined monthly income totals at least 3x the monthly rent.
• You will need to provide 3 years of accurate landlord references (note: per FACTA Identity Theft regulations, we report false landlord references to credit bureaus and local law authorities).
• If you have pets, a digital photo of you with your pet(s) must be submitted. You may upload them during your application.

• If we find evictions, unpaid balances due to landlords, a credit score beneath 550, insufficient income, unsatisfactory references, felonies, and/or recent bankruptcies.
• Unqualified occupants and/or pets can also be a reason for decline.

Clients with good credit, income, and references will be approved at the security deposit amount published in the listing. Those with less than perfect credit may still be approved – ask us how!

HOUSING ACCESS PROGRAM CHARGES – CREDIT SCORE-BASED
To ensure that those with less than ideal credit scores can still lease a property, approval can be offered through our Housing Access Program, which charges a nominal amount based on applicants’ credit scores and the rent price.

SOUTH DAKOTA: Average Credit Score (all Adults) & Housing Access Program charge

• 620 – 659 = 4.0% mgt. fee + Surety Bond covering 6 months rent (income must be 3.5X the monthly rent)
• 600 – 619 = 4.5% mgt. fee + Surety Bond covering 6 months rent (income must be 4X the monthly rent)
• 550 – 599 = 5.0% mgt. fee + Surety Bond covering 6 months rent (income must be 4.5X the monthly rent)
• 300 – 549 = Decline

IOWA: Average Credit Score (all Adults) & Housing Access Program charge

• 620 – 659 = 3.0% mgt. fee + Surety Bond covering 6 months rent (income must be 3.5X the monthly rent)
• 600 – 619 = 3.5% mgt. fee + Surety Bond covering 6 months rent (income must be 4X the monthly rent)
• 550 – 599 = 4.0% mgt. fee + Surety Bond covering 6 months rent (income must be 4.5X the monthly rent)
• 300 – 549 = Decline

We will process all applications for consideration as to what we (in our sole discretion) deem the best applicant, which may not be the first application received. In such cases, more than one applicant may be approvable, however, only one will eventually be approved. We follow up with all approved applicants until a lease is signed and funded.

If your application is approved, your fee will be refunded.

Once approved, you will be contacted regarding your move-in costs. All initial funds must be in the form of a cashier’s check, money order, or online payment as we do not accept personal checks or cash. Move-in costs may include:

• Rent
• Security Deposit (see property listing for details)
• Non-refundable Pet Service Fee ($250) and Pet Rent ($75 per month) per pet

1. Sign your lease.
2. Pay the balance owed.
3. (If Conditionally Approved) Get Approved for Surety Bond Coverage.

PLEASE NOTE: We will continue to accept and process all applications on a property until these items are completed.

Application Fee: $50.00