I hereby deposit the amount listed above as earnest money for this application, payable to: Hatchery Hill Investments, LLC and LaCorona and Associates, LLC. Upon approval of this application, this deposit shall be retained and applied as part of the security deposit. In the event this application is rejected, Landlord will refund the earnest money within three (3) business banking days. When so approved and accepted, I agree to execute a lease for the number months listed above before possession is given and to pay the balance of the security deposit, if any, within four (4) business banking days after being notified of acceptance, or the deposit will be forfeited as liquidated damages. As allowed under ATCP, Landlord shall have twenty-one (21) calendar days from acceptance of the earnest money deposit to approve or deny the rental application.
City of Madison General Ordinance Section 32.08(5) provides that if your application is denied, you must be provided written reasons for the denial by the end of the third business day after the denial, unless you indicate on this application that you do not wish to receive such written explanation. By initialing below, you hereby waive receiving a written explanation if your application is denied.
PERSONAL IDENTIFICATION: We require two forms of identification. A photo ID and one other type of ID to be presented and photocopied with your completed application.
RENTAL HISTORY: It is your responsibility to provide us with the information necessary to contact your past landlords. We reserve the right to deny your application if, after making a good faith effort, we are unable to verify your rental history. If you owned - rather than rented - your previous home, you will need to furnish mortgage company references and proof of title ownership or transfer. A minimum of two (2) years of rental history is required.
INCOME: We must be able to verify independently the amount and stability of your income and it is your responsibility to provide evidence of your ability to pay rent. (For example: through pay stubs, employer/source contact, or tax records. If self-employed: business license, tax records, bank records, or a list of client references.) Monthly Income must be continuous to satisfy all months of the lease and Rent cannot exceed 35% of your gross income unless you can provide other reliable, demonstrable evidence of your actual ability to pay rent.
STUDENTS: If you are a full time student, a parental or guardian's rent guarantee will be required unless proof of adequate or other sources of revenue are available: (example: trust fund established for student's education).
YOUR APPLICATION FOR RENTAL WILL BE REJECTED IF:
Until Landlord executes and tenders a Lease to applicant(s), Landlord shall have the right to reject this application based on the screening criteria.
I warrant and represent that I am at least 18 years of age and that all information and answers to the above questions are true and complete. I authorize Hatchery Hill Investments, LLC and LaCorona and Associates, LLC to verify this information through any means, including consumer reporting agencies, other rental housing owners and obtaining criminal record information. I understand that providing false information or making false statements may be grounds for denial of my application. I also understand that such action may result in criminal penalties. I understand that my occupancy is contingent on meeting the screening criteria above. I understand that the disclosure of an applicant’s Social Security Number (SSN) is voluntary, and housing may not be denied solely on the applicant’s decision to withhold their SSN. I hereby acknowledge that I have been provided an opportunity to review a copy of Hatchery Hill Towne Center's Lease and applicable rules and regulations for residing at Hatchery Hill Towne Center prior to paying a security deposit. Indicate your agreement to the provisions of this application by typing your name in the signature box below.