Guidelines and Qualifications Acknowledgement

Welcome to The Fremont Building proudly managed by The Garibaldi Company.  The following resident selection criteria is being provided to outline the evaluation process through which your application will be processed.

Fair Housing

It is the policy of The Garibaldi Company to comply with all applicable federal, state, and local Fair Housing Acts.  The Garibaldi Company does not discriminate on the basis of race, color, religion, national origin, sex, familial status, disability/handicap, age, sexual orientation, ancestry, marital status, medical condition, gender, gender identity, gender expression, source of income, genetic information, citizenship status, immigration status, primary language spoken, military/veteran status, any arbitrary basis, or any other bases protected by applicable Federal, State, or local fair housing laws. 

The Garibaldi Company will consider any and all requests for reasonable accommodations or modifications when they are necessary to provide a person with a disability an equal opportunity to use and enjoy their apartment home and/or the community common areas, in accordance with applicable fair housing laws.  Questions on how to submit a reasonable accommodation or modification request can be directed to the Community Manager. 

Application Fees/ Security Deposits

All persons eighteen (18) years of age or older, emancipated minors (with written proof of legal emancipation), and those deemed to be an adult under applicable law with respect to the execution of contracts will be required to complete their own separate application.  Only applications that are fully complete and signed will be processed for consideration.  An applicant’s intentional misrepresentation or intentional omission of any information on the application, including but not limited to, providing any false or fraudulent documentation, will be a sufficient reason for denial of the application.  

All applications must be submitted with the full security deposit and application fee(s).  Security deposits and application fees must be paid in cashier’s check, money order, or through the online payment portal.  Cash is not accepted.  Applicant(s) have 24 hours to submit the required documentation for consideration of approval or the application will be canceled.

The application fee is $55.00 per application.  The fee covers the cost of obtaining information about you, including but not limited to, the investigation of income history, rental history, credit history, eviction searches, third party verifications, or to otherwise process your application.

Security deposits are NOT refundable after the applicant has been approved for move in AND three (3) business days have expired since the initial deposit was made.  Security Deposits are as follows:

Occupancy Limits

In accordance with the following HUD guidelines, the household composition must be appropriate for the apartment size in which the household is applying.

If the household exceeds the maximum occupancy during tenancy, the household may be allowed to remain in the unit until the lease expires, or for a reasonable period of time thereafter, before being transferred to a larger unit or moved from the property.  This is not applicable to the addition of unauthorized occupants.  Adding unauthorized occupants without first obtaining management approval is considered a violation of the lease agreement.

CRIMINAL BACKGROUND

The Fremont Building is subject to rental conditions as outlined by HUD and the Sacramento Housing Redevelopment Agency (SHRA).  As such, criminal screening is required of all applicants.  This screening includes both Criminal and Sex Offender Status Screening.

• Applicants with certain types of misdemeanor criminal convictions will not be accepted, as outlined by HUD.
• Applicants on the sex offender registry will not be accepted.
• Applicants with felony criminal convictions will not be accepted

Applicants with federal criminal convictions will not be accepted

The following MUST be included with each application:

Government Issued Photo ID

We will accept any valid, government-issued photo identification. The photo ID will be compared to the identifying information on the application, any similarities/differences noted, and the ID will be returned to the applicant at that time. A copy of the photo ID will not be retained until the application is approved and a lease is presented for signing.  Online applicants will receive a text message containing a link to authenticate identification.

Household approval will be determined by an overall Applicant Score

Household approval is based on an applicant score provided through the combination of the use of a third party vendor as well as in-house verifications.  The overall applicant score is based on sufficient income, rental history, and credit history (See requirements listed below).  The applicant score is based on real data and statistics and is more reliable than subjective methods of evaluating your information.  Applicant scoring treats all applicants/households consistently and impartially.  The applicant score is used to estimate the relative financial risk of leasing an apartment to you.  Applicant scores are calculated using a weighted average of factors using a mathematical analysis of information found within your credit report and application.  Such information may include bill paying history, the number and type of accounts you have, open bankruptcies, unpaid utility bills, collection actions, charge-offs, repossession, eviction histories, outstanding debt, income relationships (rent-to-income and debt-to-income ratios) and other attributes that reflect on your qualifications to meet the terms of your lease. 

Income

All households must have legal and verifiable gross income of at least three (3) times the monthly rent amount. 

We will accept all income which is lawful, verifiable, paid to a tenant, a representative of a tenant, or on behalf of a tenant (including federal/state/local public assistance or rental subsidies, such as Section 8 or VASH vouchers). Such income includes, but is not limited to, the following and is subject to authentication: 

• Three (3) most recent and consecutive bank statements; and one or more of the following items:
• Three (3) most recent and consecutive pay stubs:
• Social security benefits, SSI benefits, welfare, SSDI/disability, unemployment, workers’ compensation payments; or other government benefits;
• Letter for an Offer of Employment, must be on company letterhead, must state salary/income amount, and the employment start date;
• Student loans;
• Child support or spousal support benefits;
• Prior year’s tax return;
• Retirement income;
• Investment/trust fund income;
•  Section 8 or VASH vouchers (or other federal/state/local public assistance or rental subsidies); and/or
• Written proof of any other income that is lawful, verifiable, paid to a tenant, a representative of a tenant, or on behalf of a tenant, including federal, state or local public assistance, and federal, state, or local housing subsidies, including, but not limited to, federal housing assistance vouchers issues under Section 8 of the United States Housing Act of 1937.  Applicants with Section 8, VASH vouchers, or other federal/state/local public assistance or rental subsidies will be income evaluated based only on the applicant’s share of the stated monthly rent, rather than the entire rental amount.

The Garibaldi Company utilizes a third-party verification service to verify authenticity of financial documents. During the application process, applicants will be requested to submit their financial documents using a secure web portal, to be provided by your leasing professional.

Rental/Mortgage History

Applicants should have a minimum of twelve (12) months recent, consecutive, verifiable third-party rental or mortgage payment history. Evictions within the last seven (7) years will result in automatic denial.  Outstanding balances or collections placed by former landlords (exclusive of COVID rent, which will not be considered), will result in automatic denial unless satisfied.  

Credit Bureau History

Applicants should have a minimum of twelve (12) months established, favorable, credit history.

Late payments, collection actions, charge-offs, or repossession will result in a lower applicant score.  Open bankruptcies, unpaid utility bills, judgements, unlawful detainer, or tax liens will result in denial of the application.

Results from the rental scoring recommendation, based on the above qualification categories, may be:

Accept: The most desirable recommendation – Applicant has satisfactorily met the qualifying criteria. Applicant will be required to pay the standard unit deposit.

Accept with Conditions:  Represents a higher rental risk and will require a security deposit equal to the amount of one month of the base monthly rent of the apartment: 

Reasons for Accept with Conditions

An increased security deposit will not be allowed in the event the household income does not meet the three (3) times the monthly rent requirement.

Decline: The Community cannot proceed with the application.  The Applicant has not satisfactorily met the qualifying criteria.

Roommates

Each Lease Signer is jointly and severally responsible for the entire rental payment as well as following all community policies and rules.  The security deposit will not be refunded in part, or in full, until the apartment is vacated by all leaseholders.

Renters Insurance

Verification of Renters Insurance is required on or before the move-in date.  The Resident is required to carry an individual renter’s General Liability Policy (GL Policy) which provides limits of liability to third parties with a minimum liability amount of $100,000 per occurrence.  Proof of Renter’s Insurance – listing The Garibaldi Company & The Fremont Building Res, 1501 16th Street, Sacramento, CA 95814 as interested parties.

Utilities

Residents are responsible for the payment of all utilities:  gas, electric, water, gas used to heat hot water, sewer, and trash.