Mandela Apartments

Application Fee: $50.00. An additional $50.00 will be charged for each additional adult applicant.

Once your application has been approved, you will need to provide the following in order to reserve the apartment:

• Non-Refundable deposit of the first month’s rent. This deposit must be paid within 48 hours in order to hold the apartment.
• Payment for your security deposit equal to 1 months rent.
• At lease signing you will need to provide proof of renters insurance that complies with the requirements in the lease.

*We accept Money order or Certified Bank Check made out to Mandela Apartments LLC.

Income: Each occupant over the age of 18 is required to complete an application. Each applicant must demonstrate a verifiable income. The minimum monthly income requirements are as follows: Three times the monthly rent.

Combined Income: The combined income of roommates will be considered, provided each applicant earns a minimum of 60% of the total qualifying income.

Credit: A credit history depicting any of the following may be grounds for denial:

• Unpaid liens or judgements
• Bankruptcy, unless applicant can provide verification that positive credit has been reestablished and maintained after three years of bankruptcy.

We use a statistically validated scoring model, which measures each applicants’ risk in terms of

Every applicant will be required to submit the following documentation:

1. Copy of Photo Identification (for each applicant)
2. Copy of Social Security Card (for each applicant)
3. Proof of Income (Last thirty days of pay stubs or Employee Verification)
4. 3 Months of bank statements
5. Completed Application

Lease Term: 12 Months

Lease Renewal Policy: One Year .

Month to Month: $75 plus renewal increase (must fulfil initial lease term)

Lease Termination: 2 month’s current rent.

Pet Policy: Cats and Dogs Welcome. (See Pet Policy)

NSF Fee: $50.00

Late Fee: 10% of monthly charges