WHAT DO I NEED TO QUALIFY
FOR A HOME THROUGH
NESTER PROPERTY MANAGEMENT

This is Nester Property Managements RESIDENT_ACCEPTANCE_POLICY

PURPOSE:

1. To provide a standardized guideline for admitting residents to properties managed by Nester Property Management Corp.
2. To ensure that all applicants are treated fairly and equally.
3. To ensure that only responsible tenants, who will pay rent on time and maintain rental property are accepted.

SCORING:
Each applicant's screening report shall be reviewed for two (2) types of adverse information, NEGATIVES and TERMINALS. If three (3) or more NEGATIVE items are found in one (1) report, with no extenuating circumstances, the applicant shall be declined. If any ONE TERMINAL item is found, with out extenuating circumstances, the applicant shall be declined.

NEGATIVES: The following items shall be considered NEGATIVE items:

• Any credit account that has more than 5 30-day late payments in the last three years.
• Any credit account that has more than 2 60-day late payments in the last three years.
• And credit account that has one or more 90-day late payment in the last three years.
• Any credit account that is currently rated more than 30 days late.
• Any credit account which is rated as having gone to collection.
• Any landlord reference that includes more than two late payments.
• Any instance of a damage deposit which was not returned due to damage to the rental unit (beyond normal cleaning).
• And instance of proper intent to vacate notice not being given to landlord.
• Any instance of lease being broken by the applicant.
• Any employment situation that is temporary or seasonal in nature.
• Any bank reference which shows more than two NSF checks in the previous 12 months.

TERMINALS: The following items shall be considered TERMINAL, and shall be sufficient to deny the application:

• The applicant possesses no valid picture identification, state or federal (or foreign passport).
• The applicant does not have a vaild Social Security Number (may be waived for foreign applicants).
• Any OPEN bankruptcy (a bankruptcy to which new claims can still be added).
• Any judgement against the applicant by a property management company, or rental property owner.
• Any collection filed by a property management company.
• Any eviction or Unlawful Detainer action, past or pending.
• Any current 3 or 10 day Notice to Vacate.
• Any income level which is less than 3 times the am mount of the rent for the property applied for.
• Any conviction or pending charges for the selling of drugs, possession of drugs with intent to sell, or for a crime of moral turpitude.
• Any employment reference which states that the applicant will be terminated in the near future where the potential income drops below the minimum qualification requirement.
• Any history of disruptive behavior, or of living or housekeeping habits that would pose a direct threat to the health and safety of other individuals.
• Any significant distortion of the truth by the applicant on the written application or during the oral interview.

EXTENUATION CIRCUMSTANCES:
In some cases, Nester Property Management Corporation may feel that an applicant who does not qualify under this policy might still be an acceptable risk, due to extenuating circumstances. Such circumstances might include (but are not limited to) severe medical problems, recent death of a spouse, a temporary period of unemployment in the past. In these situations, Nester Property Management Corporation will consider the extenuating circumstances, and at Nester Property Management Corporation's discretion, approve or declined the application.