What is the application process?

December 21st, 2016

The 102 on Broadway is owned by Broadway Investment Partners, LLC and managed by Pfefferle Management. Broadway Investment Partners, LLC and Pfefferle Management conduct business in accordance with all federal, state and local fair housing laws. It is the policy of Broadway Investment Partners, LLC and Pfefferle Management to provide housing to all persons regardless of race, color, religion, sex, national origin, handicap or familial status. Broadway Investment Partners, LLC and Pfefferle Management have established a consistent procedure for processing all rental applications. Each application is thoroughly reviewed, approved or denied based upon the criteria listed below.

  1. Fill out a rental application as completely as possible. Each adult person who will reside in the apartment must complete and sign a separate application.
  2. Return to Pfefferle Management the completed and signed application(s), together with an earnest money deposit in the minimum amount of $250. The earnest money deposit shall be payable to Pfefferle Management.
  3. Pfefferle Management will process your application as promptly as possible – typically within 3 business days. The time required to process your application will depend upon the availability and cooperation of your references. Processing your application will involve the following:
    1. Credit. Pfefferle Management will obtain a credit report for each adult applicant.
    2. Rental History. Your current and/or previous landlord will be contacted. Questions may include the following:
      1. How long has the applicant lived at the location?
      2. Does the applicant pay rent on time?
      3. What is the known condition of the applicant’s apartment?
      4. Any noise or other complaints from neighbors?
      5. Would you rent to the applicant again?
      6. Was proper notice to vacate provided?
    3. Employment/Income Verification. Your employment and/or other income sources will be verified.
    4. Criminal Background Check. A criminal background check will be conducted on all adult applicants.
  4. Your application may be denied for one or more of the following reasons:
    1. Poor credit history and/or excessive financial obligations
    2. Non-valid social security number
    3. Prior eviction
    4. Insufficient income and/or non-verifiable income
    5. False information on the Rental Application
    6. Poor references
    7. Incomplete Rental Application
    8. Failure to provide earnest money
    9. Criminal history
  5. If your application is approved, the following shall occur:
    1. Your earnest money deposit shall be credited against your security deposit.
    2. Pfefferle Management shall prepare and deliver to you a Residential Lease Agreement, Pet Addendum (if applicable) and a copy of the Rules and Regulations for your approval and signature.
    3. You and Pfefferle Management shall sign the Residential Lease Agreement, Pet Addendum (if applicable) and a copy of the Rules and Regulations
    4. The balance of your security deposit shall be paid in full.
    5. Pfefferle Management shall notify you in writing at least 30 days prior to the date upon which your apartment will be completed and ready for occupancy.
    6. Prior to receipt of keys to your apartment home, you must pay the first month’s rent and provide a certificate of renter’s insurance.
  6. If your application is denied, Pfefferle Management may withhold up to $25.00 of the earnest money deposit for each consumer credit report associated with your application. The balance of your earnest money deposit shall be refunded to you at the address provided on your application.