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Ledgestone Management River Falls


Application Fee: Single - $45.00 application fee per applicant. Married - $50.00 application per married couple.

Administration Fee: A one-time Leasing Fee of $75.00 is due upon move-in.

Standard Deposit: Deposits are as follows: One bedroom $150; Two bedroom $250. Deposit amounts may be increased with credit conditions.

Age: Applicant must be eighteen (18) years of age to sign a lease contract.

Application: Must be completed by each single adult applicant eighteen years of age or older without omissions or falsifications. Married couples must complete one application.

Lease Term: Minimum lease term is six (6) full months. Maximum lease term twelve (12) full months. Lease term offers are subject to change. In some cases we will allow a three (3) month lease term at market rate, with an up charge of $100 per month.

Income Verification: Must have six (6) consecutive months of verifiable employment history within the last twelve (12) months. Current monthly gross income must be a minimum of three (3) times the monthly market tent. Check stubs for proof of income are required for all applicants. Income, other than from salary or wages, must be in writing and verifiable from a government agency, company disability, pension fund, or charitable organization, and may be required to be notarized.

    Verifiable, full-time students may provide a qualified guarantor as described in the “Student Policy” paragraph below.

    Self-employment income must be verified with two years of tax forms or one year of bank statements.

Credit Evaluation: River Falls Apartments uses an expert credit scoring system to evaluate your consumer credit report. Credit scoring is based on real-time data and expert analysis and statistics, which analyzes all applicants objectively. Credit scoring will evaluate and analyze your consumer credit report to determine your credit performance. If your application is accepted you will be required to pay the standard deposit amount. An unsatisfactory credit history can disqualify an applicant from renting an apartment home at this community.

Conditional Terms: Acceptable, provided applicant pays an additional deposit equal to half (½) or one (1) months' rent AND has verifiable, positive rental history of twelve (12) months.

Identification Terms- Visa/Government ID: Applicant must provide identification and documentation from the Social Security Administration that verifies SSN, as well as a photo ID issued by a government agency. If applicant is unable to provide identification, the application decision will be a decline. Qualifying under the terms of the Statement of Rental Policy, applicants from countries other that the Unite States who do not have a social security number may be required to meet the following criteria: Form I-551 Permanent Resident Card; Form I-688 Temporary Resident Card; Form I-94 Arrival / Departure Record or Form I-688A Employment Authorization Card (all of the above forms include photos and fingerprints). A valid passport showing notary seals. Expired passports shall result in an automatic decline.

Rental History Verification: Positive rental history is required for approval of a rental application. If an applicant owes another landlord or utility company, balance must be paid in full before the application is approved. Negative rental history will result in application being declined.

Student Policy Only verifiable full-time students may provide a qualified guarantor. Student guarantors must make five (5) times the monthly rent and meet the above credit requirements. No other guarantors are allowed.

Assets Policy: Accept, provided applicant supplies proof of assets (i.e. bank statements, mutual fund account statements) greater than 2 years rent.

Criminal History Policy: A criminal background check will be conducted for each applicant.

Pet Policy Two pets (dog or cat) per apartment. A pet deposit of $250 is required with a non-refundable pet fee of $250 per pet. The weight limit is 20 pounds and no vicious breeds will be accepted. Pet rent will be due at $20 per month, per pet. See leasing consultant for a list of restricted breeds.

Occupancy Policy: Two adults per bedroom. One additional occupant will be allowed in any unit if the additional occupant is less than one year of age at the beginning date of the lease agreement. You will be required to transfer to a larger unit after the additional occupant is one year old and the current lease has expired or reverted to month-to-month status.

Fair Housing:We will show, qualify, refer and lease to a prospect in accordance with Federal Fair Housing Laws. We do not discriminate against any person because of race, color, religion, sex, national origin, familial status or disability.