RENTAL CRITERIA

In order to reside in our community we require that each applicant must be 18 years of age and meet certain rental criteria. Before you
complete our Rental Application, we suggest that you review these requirements to determine whether you meet them. Please note
that the term “Applicant” provided below applies to all Residents to be identified on the Lease and the person or persons to be responsible
for paying rent. Please note that these are our current rental criteria; nothing contained in these requirements shall constitute a guarantee
or representation by the community prior to these requirements going into effect. Our ability to verify whether these requirements have
been met is limited to the information we receive from the various screening and credit reporting services used.

All applicants may be required to provide proof of the following standards to include, but not limited to:

OCCUPANCY: The community is designed as purpose-built student housing with shared living spaces rented on a “per bed” basis.
Accordingly, the community’s default occupancy policy is one (1) person per bedroom.

However, the community is, of course, open to family households with children. For family occupants, all household
members age eighteen (18) or older must: (A) complete an application and applicable screening, and (B) sign the
lease as a Resident. For family households with children under the age of eighteen (18), at least two (2) people will
be permitted to occupy a single bedroom. If a family household with children under the age of eighteen (18)
requires additional occupancy, additional occupants may be allowed on a case-by-case basis based on factors
including, but not limited to, the size of the bedroom(s) and unit, age of the children, configuration of the unit, any
physical limitations of the housing, and local occupancy codes. This policy for family occupants applies to any family
household with a child under the age of eighteen (18) who is domiciled with (i) at least one parent, legal guardian,
or another person having legal custody of the child under the age of eighteen, or (ii) the designee of such parent or
other person having such custody, with written permission of such parent or other person. If the child occupant
reaches eighteen (18) years of age during the term of the lease, the lease will be allowed to complete its term, but
renewal will only be offered in compliance with the occupancy policy as stated. Child occupants who are under
twenty-four (24) months at the time the lease is signed will not be counted under the occupancy policy for purposes
of maximum occupancy but will be counted for subsequent leases if they reach the age of twenty-four (24) months
during the term of the lease.
 
The Owner has the right to lease any empty bedroom(s) within a unit to any qualifying applicant.

CREDIT: A credit check will be processed on all self-qualifying applicants (if applicable). A social security number is
required. Self-qualifying applicants must have a credit score of 600 or above. A credit score below 600 will require
a prepayment of two (2) installments in advance.

INCOME: Total monthly income must be at least three (3) times the sum of the highest installment rate. If income
requirements are not met, management may require the applicant to have a guarantor. Financial aid, grants or
student loans are not qualifying sources of income.

EMPLOYMENT: Applicants must have (1) verifiable employment in this country, or (2) verifiable source of income. If
applicant is self-employed or receives money from non-employment sources, the applicant must provide (1) a
photocopy of a tax return from the previous year, or (2) provide a financial statement from a CPA verifying
employment and income, or (3) photocopies of the three most current bank statements.

STUDENT STATUS: The community may require all applicants to provide proof of student status. To qualify, you must be enrolled
in a degree program, either full or part time. You will be asked to verify student status by showing a current
student I.D. card or other satisfactory proof of student status.

IDENTIFICATION:

CITIZENS: All applicants must have a government-issued photo I.D. A social security number is required.

NON-CITIZENS: In addition to meeting the above criteria, applicants who are citizens of another country must provide (1) a
passport;
(2) the INS document that entitles the applicant to be in the United States and (3) proof of employment in
this country or an I-20 verifying student status and proof of enrollment*. Owner or its manager may ask to make a
photocopy of any of the applicant’s INS documents, international passport and visa. In addition, for applicants who
do not have credit history in this country and/or a guarantor, Owner or its manager will accept in lieu of the
credit/guarantor requirements a prepayment of two installments unless otherwise expressed in writing by
management.

*If you cannot provide proof of enrollment at the time your application is submitted, your approval may be
FL Version 17.09.26
conditioned upon submitting proof of enrollment as soon as it becomes available.

FL Version 17.09.26
CRIMINAL HISTORY:
1We screen applicants (and current residents upon renewal where applicable) over the age of 18 for criminal history. If we find that an applicant
has a prior conviction, we will consider the nature, date, and circumstances of conviction. Convictions do not result in automatic denial of
application or lease renewal. Convictions involving sexual misconduct (as defined by state law), drug related crimes, theft by check or a physical
crime against a person or another person's property may be denied unless there are mitigating factors. Applicants or current residents appearing
on the list of known terrorists and wanted fugitives, federal agencies (including the FBI or other state and local law enforcement agencies) will be
denied.

Please remember that this screening does not constitute a guarantee or representation that residents or occupants currently residing at the
community do not have criminal convictions. There may be circumstances where applicants have been permitted to reside at the community
when they have criminal convictions including, but not limited to situations such as: residents and occupants that have resided at the community
prior to this requirement going into effect, convictions that were missed in our screening additionally, our ability to verify this information is
limited to the information made available to us by the screening and credit reporting system.

RENTAL HISTORY: Previous payment history will be reviewed, and negative rental history will not be accepted. Negative rental history is
described as, but not limited to, any damages owed, rental related debt as described above, delinquent
rental payments, and/or evictions filed within the past (12) months.

GUARANTOR QUALIFYING PROCEDURES:

INCOME: The guarantor’s gross monthly income must total at least three (3) times the sum of the highest installment
rate. Guarantor must have (1) verifiable employment in this country, or (2) verifiable source of income. If
guarantor is self- employed or receives money from non-employment sources, the guarantor must provide (1) a
photocopy of a tax return from the previous year, or (2) provide a financial statement from a CPA verifying
employment and income, or
(2) photocopies of the three most current bank statements.

CREDIT: A credit check will be processed on all guarantors. A social security number is required. The guarantor must have
a credit score of 600 or above. A credit score below 600 will require a prepayment of two (2) installments in
advance.

BANKRUPTCY: Bankruptcy may result in a non-approval.

RENTAL HISTORY: Previous payment history will be reviewed, and negative rental history will not be accepted. Negative rental history is
described as, but not limited to, any damages owed, rental related debt as described above, delinquent
rental payments, and/or evictions filed within the past (12) months.

CHECK WRITING CODE: The guarantor must have a check writing verification of “accepted”.

RESIDENCY: The guarantor must reside in the United States and a social security number is required.

ALTERNATIVE: The community may provide and avenue for applicant to provide an alternative (or substitute) for a guarantor via a
third-party vendor. If so, applicant may satisfy the guarantor requirement upon completion and approval of the
necessary paperwork, and applicant’s continued compliance of all requirements of the community and the vendor.

Owner supports the Fair Housing Act as amended, prohibiting discrimination in housing based on race, color, religion, sex, national origin,
handicap or familial status.

I HAVE READ AND UNDERSTAND THE RENTAL POLICIES.

Applicant Signature Date

Guarantor Signature Date

FL Version 17.09.26