A two-story blue apartment building with multiple windows, surrounded by shrubs and a sidewalk.
Option
Qualified Co-Signer (FRP)
Double Security Deposit (FRP without Co-Signer)
When Used
For applicants who are legal dependents (e.g., students, disabled adults) and require financial support
For applicants who are legal dependents (e.g., students, disabled adults) and prefer not to use a co-signer
Credit Score Required
720 or higher
No credit check on FRP performed
Credit History Requirements
- Minimum 2+ years of credit history
- At least 5 active accounts (e.g., credit card, auto loan, mortgage)
- No bankruptcies, collections, or recent late payments
Not applicable
Income Requirement
5x the monthly rent (gross income)
5x the monthly rent (gross income)
Proof of Income
2 most recent pay stubs, W-2s, or 2 years tax returns (if self-employed)
Recent pay stubs or tax return showing qualifying income
Employment
Verifiable, stable employment or retirement income
Verifiable source of income
Legal Liability
FRP assumes full legal and financial responsibility for the lease (via co-signer agreement)
Applicant/tenant assumes full legal and financial responsibility
Deposit Requirement
Standard security deposit
Double deposit required (2x monthly rent)

Financial Responsibility Policy

In limited cases where an applicant cannot independently qualify due to their status as a legal dependent (e.g., a full-time student or an individual with a disability), we require a Financially Responsible Party (FRP) to support the lease. This option is not permitted as a workaround for applicants who narrowly miss qualification criteria due to insufficient income, poor credit history, or other financial concerns. Approval is contingent upon the FRP satisfying one of the following two options:

  • Qualified Co-Signer: Meets full credit and income requirements and assumes full legal and financial responsibility for the lease through a separate co-signer agreement.

  • Double Security Deposit: No co-signer is required, but the FRP must provide proof of income equal to 5x the monthly rent. No credit check on the FRP is performed under this option.

This policy is applied uniformly to all applicants regardless of race, color, religion, national origin, sex, familial status, or disability, in compliance with the Fair Housing Act. Reasonable accommodations may be made where appropriate.