River Place At Rahway Application

Application Fee: $50 for first adult applicant(Non-Refundable). $25 for each additional adult living in the apartment. *
Non-refundable Holding Fee: Your first month’s rent. (On the day of application approval, holding fee must be paid by the end of that business day to hold the apartment).

Once the application is approved, you will need to provide the following:

• 1 1/2 months rent for your security deposit.
• At lease signing you will need to provide proof of renters insurance that complies with the requirements in the lease.

*Payment may be in the form of:  Visa, Master Card, Discover, Amex or a Money Order/Certified Check to “River Place at Rahway”.

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. A statistically validated scoring model is used to measure 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 Fairway Gardens Apartments. An applicant may be approved or denied based on the scoring model.

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 qualify at 5 times the qualifying income.

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.  1 Bedroom: 2 Occupants, 2 Bedroom: 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 on the application:

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

Lease Term: 12-18 Months Lease

Internal Transfer: $450 if during lease term. No charge if term is fulfilled. (Other conditions apply)

Pet Fee: Dogs and cats are welcome! Cats $25.00 per month/per pet, Dogs $35.00 per month/per pet, $250.00 Non-refundable pet fee per pet (Restrictions apply)

Resident is responsible for: electric, gas, water and sewer