STATEMENT OF RENTAL POLICY

1. We are an equal opportunity housing provider. We fully comply with the Federal, State and Local Fair Housing Act. We do not discriminate against any person because of race, color, religion, sex, disability, familial status, national origin, marital status, age (except minors), veteran status, lawful source of income, gender indemnity or expression. We also comply with all state and local fair housing laws.
2. Apartment availability policy. Apartments become available when they are ready to rent. A vacant apartment will not be deemed available until it has been cleaned, repainted, and prepared for a new resident. Apartment availability is on a first come first serve basis. We update our list of available apartments as each apartment becomes available. An apartment that was unavailable in the morning may become available later that same day.
3. Occupancy guidelines. To prevent overcrowding and undue stress on plumbing and other building systems, we restrict the number of people who may reside in an apartment. In determining these restrictions, we adhere to all applicable fair housing laws.
4. Application process. We evaluate every apartment application in the following manner. You must submit a rental application and answer all questions on the form. As of June 2015, you must pay the $40 per person in state, and $80 per person out of state nonrefundable background fee. We will determine whether, from your responses to the application questions, you qualify for the apartment you are applying for. If you do not, we will reject your application. If you do, we will send your application to our screening company, which will check your credit report, criminal history, employment and rental references to confirm that they meet our rental criteria. If you meet our criteria, we will approve your application. This process takes one to five days. We will rent available apartments to applicants in the order that their applications are approved.
5. Rental criteria. To qualify for an apartment at Investors Management Associates, Inc., you must meet the following criteria:
   1. Income. Your monthly income must be at least 25% of the monthly rent. You must be able to prove at least one year of employment immediately preceding the date of your applications. If you have been a full-time student at any time within the past year, we will require you to have your lease guaranteed. If you are unemployed, you must provide proof of a source of income.
   2. Rental History. You must have satisfactory rental references from at least two prior non family landlords. If you have ever been evicted or sued for any lease violation, we will reject your application.
   3. Credit History. Your credit record must currently be satisfactory. A FICO score of 700 or higher is required. If your credit history shows any unpaid debts, we will reject your application.
   4. Criminal History. If you have been convicted of a felony and/or misdemeanor subject to degree and time, we may reject your application.
   5. Guarantors. If you do not meet one or more of the above criteria, you may be able to qualify for an apartment if you can get a third party to guarantee your lease. The guarantor must pass the same application and screening process that you must pass, except that we will deduct the guarantor’s own housing costs before applying his or her income to our income standard.

September 2001 established