PROPERTY MANAGEMENT, INC.

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Dear Co-Signer:

Thank you for your application to co-sign on a rental with Son-Rise Property Management Inc. Please take a moment to read the instructions below that will aid in the timely processing of your application. Please also take a moment to review our admittance policy on the following page. You will need to fill out the application fully and completely with your information, just as if you yourself were applying for the rental.

1. Employment/Income Verification

 Income must be three times the amount of rent (may be combined income in the case of spouses). Please provide copies of your two most recent pay stubs, the first page of last year’s tax return, or last year’s W-2 form.

2. Previous Rental History

 Please provide names and phone numbers of your two most recent landlords and/or a total of two years rental history.

 Mortgage payments made on a timely basis will qualify as a positive rental reference.

3. Credit Check

 Please review our admittance policy (following page) for specific credit requirements.

Please fill out your application truthfully. If a question does not apply to you, please note N/A (not applicable). All required documentation is required to be submitted within 48 hours of your application. Incomplete applications will not be accepted. There is a non-refundable fee of $20.00 per co-signer application, payable in exact change cash, debt/credit (in office only), cashier’s check, or money order only. Personal checks will not be accepted for co-signer application fees.

Please be sure to include a photocopy of your picture ID, driver’s license, or passport so that we can confirm your signatures. We will accept co-signer applications via fax, however the original must be sent to our office at 109 E. Chestnut Street, Bellingham WA, 98225.

Co-signer presence and signatures will not be required for the lease agreement.

Please feel free to call our office at (360) 738-3700 with any questions you may have. A correctly completed application will help us expedite the process for you.

Sincerely,

Son-Rise Property Management, Inc.

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RESIDENT ADMITTANCE POLICY

PURPOSE:

To provide a standardized guideline for admitting residents to properties managed by Son-Rise Property Management Inc. to ensure that all applicants are treated fairly and equally; to eliminate the possibility of

discrimination in rental decisions; to ensure that only responsible tenants, who will pay the rent on time and maintain the rental property, are admitted to Son-Rise Property Management Inc. The screening company we utilize is AppFolio, Inc. - 50 Castilian Dr.; Santa Barbara, CA 93117. They obtain credit reports from Experian – P.O. Box 2002 Allen, TX 75013. (888) 397-3742..

APPLICATION SCORING GUIDELINES:

Each application’s screening report shall be reviewed for two types of adverse information: NEGATIVES and TERMINALS. If three or more negative items are found in a report, with no extenuating circumstances, the applicant shall be denied. If any one terminal item is found, with no extenuating circumstances, the applicant shall be denied.

NEGATIVES:

 Any credit account that has more than two 30-day late payments in the last three years.

 Any credit account that has more than one 60-day late payment in the last three years.

 Any credit account that has one or more 90-day late payments in the last three years.

 Any credit account that is currently rated more than 30 days late.

 Any credit account that is rated as having gone to collections.

 Any account placed in collection. Each collection account counts as 1 negative.

 Any landlord reference that includes late rent payments. Each late payment counts as 1 negative.

 Any instance of proper Intent To Vacate notice not being given to a landlord.

 Any instance of a lease being broken by the applicant.

 Any instance of unauthorized pets or persons occupying a unit rented to the applicant.

 Any employment situation that is temporary or seasonal in nature.

 Any bank reference that shows more than one NSF check in the previous 12 months.

 Less than 2 years of verifiable work history/income. TERMINALS:

 Any OPEN bankruptcy (a bankruptcy to which new claims may still be added).

 In a group application any 1 applicant denied is a denial of all applicants.

 Any collection filed by a property management company.

 Any judgment or lien.

 Any eviction or unlawful detainer action.

 Any current 3-day Notice to Pay or Vacate.

 Any income level (or combined income level in the case of roommates) that is less than 3 times the amount of rent of the unit applied for.

 Any felony or misdemeanor conviction in the last 7 years and/or any current pending convictions.

 Any applicant who is a registered sex offender.

 Any employment reference that states the applicant will be terminated in the near future, where other potential income is less than 3 times the amount of rent of the unit applied for.

 Any gross distortion of the truth by the applicant on the written application.

 Any applicant lacking a minimum of two years rental history.



In some cases, the property manager 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, negative rental references confined to a single landlord, etc. In these situations, the manager may request a review of the

application by their immediate supervisor who may, at their discretion, approve or decline the applicant, or request a co-signer for further consideration.

ANTI-DISCRIMINATION:

No applicant will be denied residency on the basis of his/her race, sex, religion, marital status, or age.

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Co-Signer Application

Co-Signer Application

Address to Rent: ________________________________Unit #_______ Rent: $_________ Deposit: $__________ Desired Move-In Date: ___________________________ Desired lease term: __________________________ Mobile Number: ________________________________ EMAIL: How Did You Hear About Us? Son-Rise Website Craigslist Other _____________

All application material (refer back to the first page of your application, numbers 1 through 5) needs to be turned into the main office within 48 hours of receiving your application to hold your position with the unit. Cosigner Information:

PART I - GENERAL INFORMATION

Name (Last, First, Middle) Social Security Number DL/ID Number & State Date of Birth

Other Persons To Occupy Rental Property

Full Name & Relationship Full Name & Relationship Full Name & Relationship

Does applicant have a waterbed? Yes_____ No_____ If yes, do they have waterbed insurance? Yes_ __ No__ _

Does applicant have any pets? Yes________ No________

If yes, what type of pets, and how many of each? _____________________ Is the pet: Indoor ________ Outdoor ________ or Both ________ In the case of cats, is the cat de-clawed? Yes________ No________

PART II - RESIDENCE HISTORY

Present Address City State Zip

___________________________________________________________ Landlord’s Name: ___________________________________________ Landlord’s Phone Number: ____________________________________

OWN RENT (Circle One)

How long did you live there?_______________________ Date Moved In: ___________Date Moved

Out:____________

What was the monthly payment amount? $___________

Previous Address City State Zip

How long did you live there?_______________________ Date Moved In: ___________Date Moved

Out:____________

What was the monthly payment amount? $___________ Previous Address City State Zip

How long did you live there?______________________ Date Moved In: ___________Date Moved

Out:____________

What was the monthly payment amount? $___________

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PART III – EMPLOYMENT HISTORY

Name of Present Employer: __________________________ ___________ Employer’s Address: ____________________________________________ Employer’s Phone Number: _______________________________________ Name of Supervisor: _____________________________________________

Start Date: ______ _______ End Date: _______ ______ Position: __________________ __________________ Full-time or Part-time? _____ _______ _____________ Monthly Income: $______________ ______________ Name of Previous Employer: _____________________________________

Employer’s Address: ____________________________________________ Employer’s Phone Number: _______________________________________ Name of Supervisor: _____________________________________________

Start Date: _______ ______ End Date: ________ _____ Position: _________________ ____ _______________ Full-time or Part-time? ____________ _____________ Monthly Income: $_______________ _____________

Name of Previous Employer: _____________________________________ Employer’s Address: ____________________________________________ Employer’s Phone Number: _______________________________________ Name of Supervisor: _____________________________________________

Start Date: ______ _______ End Date: _______ ______ Position: _____________________ _______________ Full-time or Part-time? ____________ _____________ Monthly Income: $________________ ____________

ADDITIONAL INCOME

Additional income, such as child support, alimony, or separate maintenance need not be disclosed unless such additional income is to be included for qualification hereunder.

Amount of $ ____________________ per ____________________ Source: ____________________________________________

PART IV – IMPORTANT INFORMATION

Name of Nearest Relative Relationship Address City State Zip

Phone Number

Emergency Contact Relationship Address City State Zip

Phone Number

Personal Reference Relationship Address City State Zip

Phone Number

Are you or any member of your household a convicted sex offender? Yes ________ No ________

Have you or any member of your household ever been charged or convicted of a criminal offense? Yes ________ No ________ Have you or any member of your household ever been asked to leave a rental either through lease termination or eviction proceedings that were started? Yes ________ No ________

Have you or any member of your household ever filed for bankruptcy? Yes _______ No ________

*If yes, is it open? Yes _________ No ________ If closed, what year discharged? _______________

I/We declare that the information provided in this application is true to the best of my/our knowledge. You are hereby authorized to verify all information, including juvenile records, put forth in connection with the processing of this application. False, fraudulent, or misleading information may be grounds for denial of tenancy or subsequent eviction. Any and all information provided will be investigated and will be kept confidential.

I am aware that I will need to provide all necessary information including paystubs/tax forms/id and all required documentation within 48 hours of submitting my application. An incomplete application causes a delay in processing and may result in a denial of tenancy. NON-REFUNDABLE APPLICATION FEE: $45.00 per applicant/$20.00 per co-signer

__________________________________ _________________________________ _________________

Applicant Applicant Date

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CONSUMER AUTHORIZATION RELEASE FORM

I have examined the information contained on my application and agree it is true. I give my

permission for Son-Rise Property Management Inc. to check my credit record and verify the truth

of any statements that I have made. I also give my permission for you to perform a criminal

background check. I understand that this is not a lease agreement and should my application not

be accepted I have no right to the rental space applied for.

I understand that I will be charged a non-refundable fee for the screening of my application. I

understand that screening the application includes verifying all the information provided including

current and former landlords, employers, financial institutions, and law enforcement agencies.

By signing the application for tenancy, I am authorizing these agencies and persons to release

information to Son-Rise Property Management Inc. in order to evaluate my application.

Son-Rise Property Management Inc. uses the services of Affiliated Information Resources (AIR)

to provide credit and other background information on applicants. If we deny your application for

tenancy based on information provided by AIR, you have a right to contact that agency by

telephone at 1-800-729-7776 to determine and dispute the accuracy of the information provided.

Son-Rise Property Management Inc. is not allowed to disclose or release the information

provided by AIR except as required under 15 U.S.C. Section 1681 at et seq. If you seek to

review your credit report or other such information, you should contact AIR directly at the number

listed above.

__________________________________________

Applicant Name (Please Print)

__________________________________________________ ________________________

Applicant Signature Date

_________________________________________________ ________________________

Agent Signature Date

CO-SIGNER AGREEMENT

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ADDENDUM TO RENTAL AGREEMENT/LEASE

Property Address:

____________________________________________

Amount of Rent: $_____________________

Tenant Name(s):

____________________________________

The undersigned co-signs as unconditional guarantor on the rental agreement/lessee referred to

above. As co-signer, I acknowledge that I unconditionally guarantee payment for the rental

and/or damage costs, and that I am also bound by the terms and conditions of the rental

agreement/lease, or any extensions or renewals thereof, as if I were the tenant signing such

agreement. If there is a default in payment for the rental and/or damage costs, I shall upon

demand pay the amounts in arrears to the Landlord/Management.

I hereby declare under penalty of perjury under the laws of the State of Washington that the

above is true and correct.

____________________________________

Co-Signer’s Name (Please Print)

___________________________________________ Co-Signer’s Address

___________________________________________ Co-Signer’s Phone Number

___________________________________________ ____________________

Co-Signer’s Signature Date

___________________________________________ ____________________

Agent Signature Date

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