HOUSE
TERMS OF RENTAL: 7560 CONDO
PAGE USE.
• Knowing application + lease requirements before applying or touring.
PAGE CONTENT.
• APPLICATION REQUIREMENTS.
• LEASE TERMS TYPICAL TO CITY.
• INFORMATION SPECIFIC TO PROPERTY.
APPLICATION REQUIREMENTS.
BASICS.
1. APPLICATION COST: $60 for LA background check, by agency in BCN.
2. INCOME REQUIRED: Net income equal to 2.5 times the monthly rent.
3. COSIGNER/GUARANTOR: Required for tenant w/low income/bad credit.
PROOF OF IDENTITY.
1. Minimum 1 form government ID with a photo.
2. Type of ID depends on location and nationality.
3. In Los Angeles a US drivers license it the most common used ID.
4. In Barcelona a Passport and National ID are the most common used ID.
5. Foreigners must show passport as well as local identification and visa.
6. Other government issued ID with a photo may be acceptable.
PROOF OF INCOME (REGULARLY EMPLOYED).
1. Pay slips covering the most recent 3 months (Required in LA + BCN).
2. Work contract showing all pages (Optional in LA, required in BCN).
PROOF OF INCOME (NOT-REGULARLY EMPLOYED).
1. Personal annual income tax declaration prior year (Required LA + BCN).
2. Last two social security payments. (Optional in LA, required in BCN)
3. Business registration (Optional in LA and BCN).
PROOF OF INCOME (RETIRED OR STUDENT).
1. Pension certificate issued by social security (Required in BCN not in LA).
2. Proof of enrollment in school (Required LA + BCN).
ADDITIONAL DOCUMENTS FOR BEST APPLICATION.
1. May be required depending on location or overall applicant profile.
2. Landlord + professional references (Required in LA + BCN).
3. Bank statement (Required for guarantors + not regularly employed).
4. Bank certificate of no incidents (Not applicable in LA, optional in BCN).
5. Bank guarantee (Not applicable in LA, optional in BCN).
Review application instructions using topic APPLY.
LEASE TERMS TYPICAL TO CITY.
BASIC LEASE TERMS.
1. APPLICATION FEE: Yes.
2. LEASE START DATE: Maximum 15 days from tour date.
3. LENGTH OF CONTRACT: 1 year minimum, 2 year preferred.
4. INCOME REQUIREMENT: 3x monthly rent.
5. REFUNDABLE DEPOSIT W/FICO OVER 700: 1.5x monthly rent.
6. REFUNDABLE DEPOSIT W/FICO UNDER 700: 2x monthly rent.
7. COSIGNER/GUARANTOR: Required for tenant w/low income/credit.
8. PETS: One time $500 fee, monthly pet rent $50 per cat, $75 per dog.
9. LEASING AGENCY FEE: Charged by agent if tenant uses agent.
10. RENTERS INSURANCE: Required, tenant responsibility.
INFORMATION SPECIFIC TO PROPERTY.
UTILITIES (WATER, SEWER, TRASH, ELECTRIC, GAS, INTERNET).
1. UTILITIES INCLUDED: None.
2. UTILITIES PAID TO PROVIDER: Electricity, internet ~$100/month.
3. UTILITIES PAID TO OWNER: Water, sewer, trash, gas ~$260/month.
APPLIANCES.
1. APPLIANCES IN KITCHEN: Hob, oven, fridge, dishwasher.
2. APPLIANCES IN ADDTITION: 1 AC.
3. APPLIANCES SPACE PROVDED FOR: Clothes washer.
FURNITURE.
1. FURNISHED: No.
2. FURNITURE INDOORS: None.
3. FURNITURE OUTDOORS: None.
ADDITIONAL EXPENSES.
1. MOVE IN NON-REFUNDABLE FEE: $300 for HOA move in policy.
2. LANDSCAPE MAINTENANCE: Not applicable.
3. EXPENSES OF COMMUNITY: Included in base rent.
4. EXPENSES OF PROPERTY TAXES: Included in base rent.
SHARED USE, SHARED ACCESS AND PRIVATE OUTDOOR SPACE.
1. SHARED USE: All community amenities.
2. SHARED ACCESS: Not applicable.
3. PRIVATE OUTDOOR SPACE: Fenced patio area.
ADDTITIONAL TERMS.
1. ACCEPTING CONDO CC&R's WHEN LEASING:
In accepting this lease, lessee acknowledges that he/she has received, read, understood and approved of the covenants, conditions and restrictions set forth in the Amended and Restated Declaration of Covenants, Conditions and Restrictions for Sierra Terrace Condominiums Owners Association, together with the Articles of Incorporation, Amended and Restated Bylaws and Rules and Regulations of the Association. Lessee agrees to comply with the terms of those documents. Lessee also agrees and understands that any failure by Lessee to comply with the terms of those documents shall constitute a default under the lease.
Link to document here: Sierra Terrace CC+R’s.
TO SIGN WITH LEASE.
TENANT SIGN + DATE:
TENANT SIGN + DATE:
TENANT SIGN + DATE:
OWNER SIGN + DATE: