Vision Real Estate Rental Criteria
The following are standards that will be used to judge your application for tenancy. You must meet the following standards to qualify for a rental with Vision Real Estate. All persons 18 years of age or over, who will reside on the premises, must complete an application, pay the application fee, and must be signers on the lease. If a guarantor is required, the guarantor must complete an application and pay the application fee. This application fee is non-refundable, regardless of acceptance (see the specific property listing for fee details).
Applications are judged on the same standards and abide by all fair housing laws. We run applications in order, one person or family at a time. If we are unable to verify the information on the application in a timely manner, your application may be denied.
CRIMINAL HISTORY
Although applicants will be asked to disclose any prior arrests, convictions or pending criminal actions of all anticipated occupants, this information will not be reviewed until after the applicant has had it credit and references checked and approved. A criminal background check will be conducted. Failure to disclose criminal information as requested is grounds for denial. Arrests will not, in themselves, be grounds for denial but may be factors used along with other criteria. Pending criminal actions may be grounds for denial but will be reviewed on a case by case basis. Convictions of any sort will be evaluated on an individualized basis. Persons who are listed on any sex offender list will not be considered. Persons who have a criminal conviction relating to manufacture or distribution of controlled substances will generally be denied. In review of criminal history, management will consider the nature and severity of the crime, along with how much time has passed since the criminal activity and/or the release from any imprisonment, parole, or probation. it is unlikely that the following persons will be accepted: persons convicted of other drug related offenses who have not provided evidence of completed drug rehabilitation; persons who have convictions relating to serious crimes involving violence, gang activity, arson, and injury to persons. Also persons who have been recently released from prison, parole, or probation may be required to provide additional information and references. Applicants may provide mitigating information. Applicants denied due to criminal history may appeal that decision by providing such appeal in writing along with any information that applicant desires to provide.
RENTAL HISTORY
- We will contact your current and previous landlord in regards to your rental history. If we are unable to contact previous landlord, that is grounds for denial.
- You may have no more than three late payments in a 12-month period or more than 1 bounced check in a 12-month period.
- Prior eviction filed or completed within 5 years is grounds for automatic denial.
CREDIT HISTORY
- Our system pulls the fico9 score from Transunion this is not the credit score. This assigns a letter grading which we do not have control of. For more information on Fico9 scoring please see: https://www.creditkarma.com/advice/i/fico-score-9
- Applicants with a score of a+, A, B+, or B (650-850)may be approved with a regular deposit equal to one month’s rent barring everything else checks out appropriately.
- Applicants that return with a fico 9 score of C+ or C (550-649) may be approved with a double deposit or guarantor
- Applicants with a D or F (< 549) score may be denied.
- Applications will be denied for bankruptcy discharged within the last six months.
- If you have filed for bankruptcy in the last 18 months, or have an active bankruptcy that has not been discharged the application will be automatically denied.
INCOME VERIFICATION
- The rent cannot exceed 40% of the total of all income of the applicants for the lease or the minimum monthly gross income may not be below 2.5 times the monthly rent (minimum income ratio may increase depending on rental). Eligible guarantors must show a monthly gross income to rent ratio of at least 3x the monthly rent
- You must be able to provide most recent pay stub, bank statement, letter from housing, SSI award letter, or tax returns to verify income.
- We will call your employer to verify employment. If we are unable to contact your employer to verify, it is grounds for denial.
ADDITIONAL INFORMATION
- Upon approval of your applications, a deposit of at least one month’s rent will be required.
- Unless otherwise stated, all properties managed my Vision Real Estate require tenants to obtain and hold renters insurance for the duration of residency. Tenants agree that any lapse of renters insurance coverage will result in automatic enrollment in a liability insurance program at their expense.
ALTERNATIVE CRITERIA
- If your application is denied due to failure in credit, you may still be rented to with the requirement of a double deposit and/or a financial guarantor.
- If you do not have a rental history, you may still be rented with a cosigner, double the deposit, or prepaid rent.
- If we are unable to verify your income but you have clean credit. You may still be rented to with the requirement of a cosigner or double deposit.
LANAI HOA RULES & REGULATIONS
BYU OFF-CAMPUS APPROVED HOUSING
Lanai is a BYU approved off-campus housing facility that adhere to all BYU residential living standards as outlined in the “Handbook for BYU-Approved Off-Campus Housing,” including but not limited to the following:
PARKING
Each condo has 3.8 parking spaces located in the underground garages: one (1) entrance is located off of 700 North and off of 620 North. A parking permit is required for all residents of Lanai. Each resident should be given a copy of the “Parking Rules”. PLEASE DO NOT LEAVE VALUABLES OR PERSONAL
PROPERTY IN YOUR VEHICLE.
SCOOTER/MOTORCYCLE
Park in designated area in the lower garage or behind/in front of your vehicle. Do not park in lined areas.
GARAGE DOOR OPENERS
If opener is lost the $50 replacement fee will be deducted from your security deposit. There are two buttons on the opener, one is for the 620 North entrance and the other is for the 700 North entrance.
BIKE RACKS
Please DO NOT chain bikes to railings. Use the racks located under the stairwells in the A and D buildings and on the girls side near the L/K condos.
UNIVERSITY PARKING ENFORCEMENT
University Parking Enforcement has been authorized to enforce the parking at Lanai and has been issued identical parking rules. University Parking Enforcement reserves the right to enforce this lot by either
booting or towing at the risk and expense of the person in violation.
BULK CABLE, INTERNET & UTILITIES
Comcast is the TV provider at Lanai. They may be reached at 1-800-266-2278. A student is responsible for checking out the equipment and it may be picked up at the main office located at 542 W 400 S in Lindon, UT. Their contact number is 801-234-6500. Proof of residency, (lease agreement), is required to
receive a free cable box. The HOA only covers the basic package. Google is the internet provider of which the HOA only covers the basic. Residents must call Google or schedule online at google.com/fiber to install their equipment.
Students are responsible for Questar (800-323-5518) and Provo City Electricity (801-852-6000).
PETS
No pets are allowed, including fish tanks, reptiles, hamsters, birds, etc.
COMMON AREA
The common areas shall not be used for the storage of supplies, personal property, or trash of any kind.
Stairs, entrances, sidewalks, yards, driveways, or parking areas shall not be obstructed in any way nor
shall unauthorized persons use them for any purpose except for their intended purposes. Parking
garages are not to be used for storage of any kind.
TRASH
Two (2) trash containers are available for use. One is located on the Northwest corner, the other on the Southwest corner. Trash bags are to be disposed of immediately and not left outside unit front door. A $50 fine will be assessed due to infringement on common areas. Leaving trash bags near your door attracts rodents, ants, and the leakage causes staining of the concrete. Please take trash to containers provided for Lanai.
BARBECUES
No barbecues, hibachis, grills or fire pits are allowed on Lanai premises (balconies, landings) due to Provo City Fire Codes. We have provided two (2) propane grills for student use. Please leave them near the activity room.
LANAI HOA PARKING RULES & REGULATIONS
PERMIT PARKING ONLY You must have a parking sticker in order to park in the parking lot. If you are borrowing a vehicle for the night or renting a vehicle, you must report it to management. If it is after office hours, UPE will be able to assist you. If you do not get a parking permit, you must make arrangements to park your vehicle somewhere else. Your parking sticker must be visible to UPE and
located in your rear lower driver’s side window or front driver’s side windshield if you have dark tint.
FIRE LANES OR RED ZONES
Anything outside of a normal painted parking stall is considered the Fire
Lane. Any curb painted red is considered a Red Zone. All of these areas are for the access and prompt availability of our emergency services (i.e. Police, Ambulance, and Fire) only and violators are regulated by towing. Please park in a designated parking stall.
HANDICAP STALLS
Our handicap stalls are regulated by federal law and require a valid handicap permit. Please let us know if you are in need of a handicap stall close to your apartment and we will make accommodations. Violators are subject to a city ticket or towing, whichever comes first.
DUMPSTERS
Please do not block the dumpsters at any time or in any way. Vehicles will be towed.
VISITOR PARKING RULES
DO NOT PARK in visitor parking if you have a Lanai Permit. Visitor parking is
limited to 2 hours from 6 AM to 6 PM. Visitor parking hours are unlimited from 6 PM to 12 Midnight Saturday-Thursday, and 1:30am Friday. It is your responsibility to inform your visitors of where they can park and what hours are permissible. Parking enforcement signs will be posted, but keep your visitors informed of the times to insure they don’t get booted or towed. Parking on the street at 620 North is permissible.
UNIVERSITY PARKING ENFORCEMENT
University Parking Enforcement has been authorized to enforce
the parking at Lanai and has been issued identical parking rules. University Parking Enforcement reserves the right to enforce this lot by either booting or towing at the risk and expense of the person in violation.
MANAGEMENT
Management is not responsible for parking enforcement or violations and does not receive any compensation from University Parking Enforcement.
GARAGE DOOR OPENER Garage door openers should be provided by your landlord or management company. If you lose your garage door opener, the replacement is $50.
VIOLATION QUESTIONS OR APPEALS
If you are in violation, you must contact University Parking
Enforcement at 801-377-8200. If you feel you have been unlawfully booted or towed, you may contest this operation as provided in section 6.01.080 of the Provo City Ordinance.
ADDITIONAL SERVICES
University Parking Enforcement also provides complimentary onsite resident
services that include: Vehicle lockouts, tire changes, and jump starts. If you are on the property and a resident with a valid parking permit, you may contact University Parking Enforcement for assistance, free of charge.
Name: License Plate:
Phone: Make & Model:
Email: Vehicle Color:
Apartment #: Parking Pass #:
Manager: Garage Opener #:
Current School You are Attending: