Application Terms & Conditions:

1. Pre-Qualify & Application Submission: Applicants should pre-screen themselves as they move through the application. Applications are only accepted online (no written or in-person). To expedite your application, you should have access to all relevant ID´s, pay stubs, and other documentation when applying. A member of our leasing team will be contacting you within 24 hours to verify the application and request supporting documentation.

2. Charges: Application charges are only $49 per adult 18 years of age and over and are collected when each adult submits their application. Charges will appear on your bank statement as RPS*INVESTOR SUPP 1100 RD. Application charges are non-refundable, no exceptions.

3. Processing & Decisions: Completed applications are processed in the order they are received. Screenings pull national credit, criminal, and eviction information and usually take between 1-72 hours to process (usually less than 24 hours). All the information obtained during the application process will be reviewed by ET thoroughly. Multiple applications may be reviewed at the same time. After submission, an application’s status is one of the following:

1. “Incomplete”: ET needs more information from the applicant to be able to process the application.

2. “Conditional Approval”: Approvals are conditional until all information is submitted and verified. Time is of the essence. Verification should take 1-3 business days.

3. “Risk Mitigation Offer”: Applications that fall short of our standard criteria may be approved on a CASE BY CASE basis and with additional terms offered to the applicant to offset potential risks to the Owner and Manager. See Risk Mitigation below.

4. “Denied”: If an applicant is notified, they are denied, the decision is final, no exceptions. Under Section 612 of the Fair Credit

Reporting Act, you have the right to obtain a free copy of the report if you submit a written request to the reporting credit agency no later than 60 days after you receive notice of denial. Under Section 611 of that Act and state law, you also have the right to dispute the accuracy or completeness of any information in the report by contacting our credit processing provider. A copy of your Summary of Rights under the Fair Credit Reporting Act can be found here:

https://www.consumer.ftc.gov/articles/pdf-0096-fair-credit-reporting-act.pdf

Examples of Reasons for Denial may include, but are not limited to: Not meeting ET’s standard criteria; providing false or unverifiable information; failing to give proper notice when vacating a property; poor previous landlord reference; frequent late payments or NSF´s to previous landlords; unpaid collection on a past rental property; eviction-related public record within the past 36 months; if you have allowed any person(s), not on the lease, to reside on the premises; you want to operate a business out of the property (such as a daycare or pet-groomer) that would significantly increase traffic and wear/tear on the property; violating any of our terms of service during this application process; rude or unprofessional behavior or communication with ET.

4. Lease Signing and Move-In: Applicant will be sent the Lease electronically for e-signature. The applicant has a maximum of 48 hours to sign the lease and submit a holding deposit. If either of these tasks are not completed within 48 hours, ET reserves the right to cancel the lease. Time is of the essence. The property will remain available until a signed lease agreement and holding deposit is received. The move-In date will be identified on the Lease but must be within 14 days unless otherwise agreed upon. The tenant may only move-in when:

1) Lease is signed by all Applicants and by ET; 2) All charges identified on Lease (security deposit, rent, etc.) are paid in full; 3) ET emails Tenant to confirm Move-In Date.

ET is committed to equal housing and full compliance with the Federal Fair Housing Act (FFHA). We do not discriminate against persons because of race, color, religion, sex, handicap, familial status, national origin, or age. We also comply with all state and local fair housing laws. If you have any questions, contact our leasing office at 513-444-4010 during normal business hours, Monday to Friday 9 – 5.

Respectfully,

EquityTeam Leasing

APPLICANT INFORMATION:

All occupants 18 or older will be required to provide proof of a government-issued photo ID and submit to a background and credit screening. Co-signers not occupying the property still must apply, pay application charges, provide proof of income, and qualify as any other applicant.

CREDIT HISTORY:

An unsatisfactory credit report is one that reflects past or current bad debts, late payments, or unpaid utility bills that prevent transfer of utilities, liens, judgments, or bankruptcies. Bankruptcies must be at least 6 months from discharged date. Any bankruptcy that has not been discharged will result in automatic denial. Discharged bankruptcies from the last seven (7) years may require a higher deposit.

If an applicant is rejected for poor credit history, the applicant will be given the contact information of the credit reporting agency that provided the credit report (but not the contents of the credit report). An applicant rejected for unsatisfactory credit is encouraged to obtain a copy of the credit report from the reporting agency, correct any erroneous information and resubmit an application.

***Poor credit score is NOT an automatic denial unless it’s below 450. See DECISIONS & RISK MITIGATION***

INCOME & EMPLOYMENT:

Incomes from the TWO highest-earning occupants will be used to determine total household gross income. A non-occupying co-signer may be added if needed. Total household gross income needs to be a minimum of 3 times the monthly rental amount (4x if using a cosigner).

ALL sources of income must be disclosed at the time the application is submitted, including any assistance if applicable.

Current Income (Personal; not household)

List all sources of CURRENT income that can be proven via:

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1. Pay stubs, 2 most recent or minimum last 30 days.

2. Offer Letter- If an applicant just started employment or will be starting new employment (transfer or relocation).

3. W2-Tipped Employees- Tipped Employees may income qualify based on paycheck stubs or

W2´s. At times tipped employees may include tips on their regular pay stubs or a lump sum added to their W2 at the end of the year. If the applicant does not qualify based on their pay stubs they may income qualify based on their annual W2.

4. Self-employed W2 or 1099 may need to verify income with minimum of 90 days bank statements.

5. Savings Account currently showing equal to or greater than three times the amount of the entire lease.

6. School Disbursement check (Student Loan) & I20 Form – Loans must be accepted and are no longer pending.

7. SSI / Disability / Retirement Award letter.

8. Unemployment- The total must be equal to or greater than three times the amount of the entire lease for the following 12 months of

unemployment income.

9. Military Income- Base income, including housing and food income, may be used to income qualify.

10. Child support & alimony is NOT an acceptable form of income but may be used on a CASE BY CASE basis.

Minimum 1 year of verifiable employment history at your current job. If in the same line of work, but different jobs within the previous year, income verification will be reviewed on a case-by-case basis. You must be a permanent employee (not temporary or probationary).

If you are self-employed, retired or not employed, you must provide proof of ability to pay the rent.

We will accept all sources of income assistance including vouchers, various non-profit groups, co-signors, and guarantors. However, we will NOT sign any third-party agreements, we will NOT agree to modify our lease, and we will NOT submit to third-party inspections as a condition of enforcing the lease or paying rent.

Applicants are fully responsible for confirming these terms are acceptable to the assistance provider before submitting their application. No refunds will be given for applications that end up being denied b/c the assistance provider does not approve of these terms or the rental amount.

*** INCOME BONUS CREDITS may be used to offset credit score deficiencies. See DECISIONS & RISK MITIGATION***

HOUSEHOLD, CO-SIGNERS. OTHER CHARGES & PETS:

Occupants & Co-Signers: Anyone 18 or over will need to complete the section on the application, all occupants and co-signers can be submitted on the same application the application charge will be calculated upon submission.

Other Charges: In addition to rent and the deposit, there are other reasonable charges related to a lease and/or property. For example (prices subject to change), there is a $99 admin charge each time a new lease is created; our lease requires the purchase of a Tenant Benefit’s Package with a monthly charge of $29 which includes a number of necessary protections for the tenant and the property; utilities may be an additional charge in the lease; etc. While we’d like to include a full list here, it’s simply not possible because each property may be different.

Ask your Leasing Agent for a list of the charges related to the property you’re applying for to learn more.

Animals & Pets: Allowing pets is at the discretion of the Manager. If allowed, no more than two animals per household are typically permitted. In general, if the property is a multi-family building, each animal should be less than 30lbs. If a single-family building, animals should be less than 90 lbs. each. Pet Charges are charged during the lease signing process. While most Managers charge a Pet Security Deposit from $250 to $500+, we do not. Approved pets are subject to a one-time Pet Onboarding charge of $24 per pet, plus an additional $24 in Pet Charges per month per pet.

Due to Owner´s property insurance limitations, the following animals will be denied unless an exception is granted (case-by-case) and if approved, additional insurance is obtained: Pit Bull, Terriers, Doberman Pinschers, Rottweilers, Staffordshire Terriers, German Shepherds, Chows, Bull Mastiffs, Huskies, Alaskan Malamutes, Wolf – Dog Hybrids, Great Danes, St Bernard’s, Akita, Rhodesian Ridgebacks, Farm and ranch animals, any attack, non-domesticated or guard dog, Any non-domestic or exotic animal, A mixed breed which includes any of the above, and any animal that has a history of bits and attacks.

Tenants may be evicted for misrepresenting any of the above types of dogs, as well as for being in possession of any poisonous, dangerous, endangered species or otherwise unauthorized animal. Our animal policies are strictly enforced and can be grounds for eviction.

Special consideration is given to Service Animals that assist a tenant with special medical needs (proper and current documentation needed and will be verified!).

No aquariums larger than 10 gallons. No ferrets, reptiles, or rodents. We require your application to include a picture of each animal that will be on the property.

RESIDENCY HISTORY:

List the places you’ve lived over the past 2 years. Residency must be verifiable for at least 1 year whether you rented or owned. Any evictions or evictions filed within the past 3 years can be grounds for denial. Foreclosures less than 6 months will result in denial. We WILL contact past landlords. If we’re unable to verify with a previous landlord, we reserve the right to deny the application.

DECISIONS & RISK MITIGATION:

The information included throughout this Application provides the basis upon which ET will approve applications and collectively represents our “Approval Standards”. Our system automatically approves and denies based on this preset criteria as much as it can, automatically.

The manager may modify or override automated decisions if the Manager believes there is sufficient evidence to do so in accordance with applicable federal and state laws.

RISK MITIGATION (RM): Manager’s experience has shown that when Applications fall short of Manager’s optimal “Approval Standards” there are increased risks of returned payments, partial payments, defaults, etc., which increase the risk and workload for Manager. To offset this, the Manager may choose to offer the Applicants a Risk Mitigation Offer. These offers may include additional fees, extra security deposit, advanced rent payments, etc.

Risk Mitigation is offered on a CASE BY CASE basis and at the discretion of the Manager.

CREDIT: Applicants must meet the Combined Average Minimum Credit Score (CAMCS = average score of all adult occupants) based on the RENT-to-CAMCS Scale below, or will incur a monthly surcharge calculated as $0.50 for every point needed to meet the

CAMCS for the unit (maximum surcharge per month is $39)

– $1,000+ rent per month = 675+ CAMCS

– $800 – $999 rent per month = 600+ CAMCS

– $799 and lower rent per month = 525+ CAMCS

For example, if a household’s CAMCS is 650 with 2 occupants (600+700=1350/2 = 650 CAMCS) and the unit rents for $1100 per month, the minimum CAMCS for that unit is 675. The applicant will need 25 points to meet the CAMCS. 25 points needed x $.50 per point = $12.5 monthly Risk Mitigation surcharge (assuming there are no “Income Bonus Points”).

INCOME BONUS POINTS: Income is important to us. Our income criteria is combined income from the top TWO adult occupants

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must be a minimum of 3x rent (4x rent if non-occupying co-signer is needed). Applications where CI is 4x rent or more may receive bonus points to be used to raise their CAMCS (if needed).

Bonus points calculations: (combined monthly income / monthly rent) x 10. Example: $5,000 combined monthly income / $1,200 monthly rent = 4.16 x 10 = 41.6 Bonus Points to use toward improving CAMCS.

ENDING RISK MITIGATION: Tenant may request that Risk Mitigation Charges stop after 24 consecutive on-time payments in full. Managers have complete discretion to approve or deny this request.