Rachel Gardens Application Criteria

Application Fee: A Money Order or Certified Check in the amount of $50.00 made payable to RG Realty Investors, LLC. (Non-Refundable). Please add $50.00 for each additional person over the age of 18 that will be living in the apartment.

Inspection Fee: A Money Order or Certified Check in the amount of $50.00 for the township inspection made payable to RG Realty Investors, LLC.

Security Deposit: At lease signing you will need to provide a Money Order or Certified Check for your security deposit in the amount of 1 month or 1½ months rent based on our scoring model.

Holding Fee: A Money Order or Certified Check in the amount of $450.00 as a refundable deposit towards your first months rent. (Deposit may be forfeited after three days of application approval or upon applicants notice of cancellation to move in.)

First Months Rent: A Money Order or Certified Check made payable to RG Realty Investors, LLC for the balance of your first months rent. This deposit must be paid within 48 hours in order to hold the apartment.

At lease signing you will need to provide proof of renters insurance that complies with the requirements in the lease.

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 Rachel Gardens.

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 5 times the monthly rent to co-sign.

Criminal: A criminal background check will be run on all conditionally approved applications in accordance with The New Jersey Fair Chance in Housing Act. Please refer to the “Criminal Background Check Disclosure Statement” portion of your application for the complete policy and criteria.

Occupancy: There is a maximum occupancy limit on each type of apartment. 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.

1. Copy of Photo Identification (for each applicant)

2. Copy of Social Security Card (for each applicant)

3. Proof of Income (W2, Four weeks of pay stubs and Employment Form from current employer stating earnings – for each applicant)

4. Landlord Verification (download here)

5. Multiple Dwelling Reporting Rule Tenant Applicant Inquiry (Click here to download/view)

6. Completed and signed application with all supporting documents filled out in their entirety.

Pet: 2 Pet Maximum (Pet Policy and Fees)

Lease Term: 12 months

One Year Lease Renewal: Based on market rents

Lease Buyout: Upon first renewal: Tenant may purchase 60 Day Termination Rider for $800

Early Termination: 30 days’ notice and penalty equal to two month’s current rent.

Internal Transfer: $500.00 if during lease term. No charge if term is fulfilled. (Additional terms may apply)

Annual Amenity Fee: $540.00

NSF Fee: $30.00

Late Fee: $75.00

Mailbox Key Fee: Upon move-in you will be required to visit the Montville Post Office to purchase new mailbox keys ($25.00)