OCEAN PARK VILLAGE 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*: $50.00 fee for first adult applicant(Non-Refundable). $25 per additional applicant.
Once the application is approved, you will need to provide the following:
1. First month’s rent. This non refundable holding fee must be paid within 48 hours in order to hold the apartment.
2. At lease signing, you will need to provide a Money Order or Certified Check of $65.00 for the Township Inspection (made payable to “Lakewood Township” )
3. At lease signing, you will need to provide 1 – 1 1/2 months rent for your security deposit.
*Payment may be in the form of: MONEY ORDER or BANK CERTIFIED CHECK, made payable to Woodlake Village
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 Ocean Park Village.
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 in the case of full-time student status and for senior citizens. The applicant must earn a minimum of 60% of the total qualifying income unless proof of full time student is provided. Co-signers must qualify at 1.5 times the qualifying income.
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, two bedrooms – 4 occupants, three bedroom – 6 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. Copy of Social Security Card (for each applicant)
3. Proof of Income (Last thirty days of pay stubs or employee verification – click here to download/view)
4. Landlord Verification (Click here to download/view)
5. Completed Application
Lease Term: 12 Months
One Year: 5% or up to market rent
Month to Month: $75.00 plus renewal increase (after initial lease term)
Pet Fee: $250.00 non-refundable pet deposit. $25.00 a month per dog. $15.00 a month per cat. See our pet policy for more information.
Internal Transfer: Only allowed after initial lease term has been fulfilled. $450 if during lease term, no charge if term is fulfilled. You may only up/down grade; lateral transfers are not permitted.
Rent Includes: Water usage, sewer and trash removal. Residents are responsible for electric and monthly amenity fee.