PRINCETON COURT APARTMENTS APPLICATION CRITERIA
Please read our application criteria and community policies below. An application must be submitted by every adult who will live in the apartment.
• Application Fee*: $25.00 per adult applicant(Non-Refundable)
• Holding Fee:$500.00. Once your lease has been signed the hold fee will then transfer to your security deposit which becomes refundable.
*Payment may be in the form of: MONEY ORDER or BANK CERTIFIED CHECK, made payable to Cammeby’s Princeton Realty Co.
Income: Each occupant over the age of 18 is required to complete an application. Each applicant must demonstrate a verifiable income. There is a minimum monthly income of 3 times the monthly rent to qualify.
Combined Income: The combined income of roommates will be considered, provided each applicant earns a minimum of 60% of the total qualifying income.
Credit: A credit history depicting any of the following may be grounds for denial:
a. Unpaid liens or judgments.
b. Bankruptcy, unless applicant can provide verification that positive credit has been reestablished and maintained after three years of discharge.
c. We use a statistically validated scoring model, which measures each applicants risk in terms of paying their monthly rent. The model takes into consideration many aspects of an applicant’s credit history and income to determine the amount of risk for that particular applicant. Management has set specific decision points within the models score range for Princeton Court Apartments.
Rental History: Applicant must demonstrate a minimum of two (2) years rental or ownership history if applicable. History of a poor payment record, destructive or abusive behavior or poor housekeeping practices will be grounds for denial.
Co-signers: Co-signers will be considered only where income is deficient, not with credit or job defaults. Co-signers must have a qualified income of 1.5 times the monthly rent to co-sign.
Criminal: A criminal background check will be run on all initially approved applications. Any conviction of a crime may result in the application being denied.
Occupancy: There is a maximum occupancy limit on each type of apartment. Studio and One bedroom – 2 occupants and two bedrooms – 4 occupants. Violation of this regulation will result in eviction if not corrected immediately.
Please be advised that the submission of your application does not hold an apartment. An apartment will only be held for you once we receive the required deposit. Our company policy is based on a first come, first served basis.
Every applicant will be required to submit the following documentation:
1. Copy of Photo Identification (for each applicant)
2. W9 Form (This is for the interest you earn on your deposit. We refund interest plus deposit)
3. Proof of Income (Last thirty days of pay stubs or Letter of Employment – click to view/download)
4. Multiple Dwelling Reporting Rule Tenant Applicant Inquiry (Download here)
5. Completed Application
Lease Term: 12 Months
Month to Month: $100.00 plus renewal increase (after initial lease term)
Pet Fee: $30.00 monthly dog fee, $30.00 monthly cat free, $250.00 non-refundable pet fee per pet. See our pet policy for more information.
Internal Transfer: Upgrade transfers to newly renovated units are allowed mid-lease.
Rent Includes: Parking, sewage and trash removal.
Residents are responsible for a flat water rate per floorplan size, Electric including all exterior lights, and sump pumps. These are installed and metered to your apartments for your safety and comfort.