Livingston Terrace Apartments Application Criteria

Application Fee: $50.00 – first applicant / $15.00 per additional applicant (non-refundable)

Once your application has been approved, you will need to provide the following:

1. Payment of your first month’s rent.
2. At lease signing, you will need to provide payment for your security deposit in the amount of 1½ months rent.
3. At lease signing you will need to provide proof of renters insurance that complies with the requirements in the lease.
4. Payment of your one month’s rent to hold the apartment (not refundable after 3 business days).
Payment may be in the form of Credit Card, Money Order, or Certified Check made payable to Livingston Terrace, LLC.

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 70% 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 Livingston Terrace 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 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.

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 and Employee Verification – click to view/download)
4. Landlord Verification (click to view/download)
5. Civil Rights Form(click to view/download)

Lease Term: 12 Months

Month to Month: $75.00 plus renewal increase (after initial lease term)

One Year: Increase percentage is based on Rent Leveling Board

Pet Fee: No pets allowed. See our pet policy for more information.

Internal Transfer: $450.00 if during lease term. No charge if term is fulfilled. You may only up/down grade. No lateral transfers are permitted.

Rent Includes: Heat, hot and cold water. Resident is responsible for cooking gas and electric.

Parking: Garages available at additional cost.