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Draper and Kramer Rental Criteria

Lake Meadows Phase II

EQUAL HOUSING: This community has a comprehensive policy of compliance with the Federal Fair Housing Act, as well as state and local
statue codes and ordinances.

INCOME: Gross monthly income/support of approximately three (3) times of the market rent on the apartment and must be verifiable. If
self-employed must present two years of 1099 reports and/or tax returns. Retirees must also be able to verify their means of
support through a personal banker, accountant, attorney, or provide the most current year's Personal Income Tax Return.
- Roommates' information would be considered as a combined household income.
- Guarantors income requirement is approximately 20% (5 times the rent).
- Any Government issued Voucher amount (e.g. Housing Choice Voucher) will be subtracted from the monthly rental
amount and the applicant will need to meet the income requirement set forth above only for the amount of rent remaining
after deducting the benefit of the applicant's voucher.

APPLICATIONS: A separate application is to be completed by each person occupying the apartment 18 years and older, as well as any
Guarantor required.

FEES: All completed applications must be accompanied by an application fee per applicant, for verification of information as
well as a non-refundable administrative fee. The non-refundable administrative fee will be collected upon approval of the
application. Cancellation of the application will not result in the return of the non-refundable administrative fee.

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CREDIT CHECKS:
*Investigative consumers report (credit check) will be obtained for each applicant and occupant over 18 years of age
and must have a satisfactory rating. A high level of collections, judgments or charge offs in the last two years is
unacceptable.
*There must be zero of the following in the past 84 months (7 years): Tax Liens, Property Rental Debt, Mortgage Debt,
Eviction or more than 1 initial Eviction Filing.
*There must be no more than $2,000 in delinquent debt.
*There must be zero of the following in the past 24 months (2 years); Foreclosures/Repossessions, Legal Items or
Utility Debt.
*There must be zero of the following in the past 12 months (1 year): Bankruptcy
*There can be no more than 10% of all open accounts with a credit rating of 2-9 in the previous 2 years. An applicant will
also need to pass a Name and Date of Birth Verification, as well as a Social Security Number Fraud Analysis.

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AUTOMATIC REJECTIONS:
Pre-Qualification Screening: Poor landlord reference. Past record reflects an inability to meet financial obligation based
on credit history.

Secondary Screening: Conviction with a current sex offender registration requirement pursuant to the Sex Offender
Registration Act. Conviction with a current child sex offender residency restriction- convictions for illegal manufacture or
distribution of a controlled substance.

CONDITIONAL REJECTIONS:
Secondary Screening: After an applicant’s pre-qualification application is approved, an applicant’s criminal conviction history
from the previous three (3) years will be evaluated to determine whether the applicant’s conviction history poses a
demonstrable risk to personal safety or property. An Individualized Assessment will be performed for all convictions within the
previous three (3) years excluding those convictions for illegal manufacture or distribution of a controlled substance,
convictions requiring a current sex offender registration requirement or a current child sex offender residency requirement.
Factors that may be considered in performing the Individualized assessment include, but are not limited to:

(1) The nature and severity of the criminal offense and how recently it occurred;
(2) The nature of the sentencing;
(3) The number of applicants’ criminal convictions;
(4) The length of time that has passed since the applicant’s most recent conviction;
(5) The age of the individual at the time the criminal offense occurred;
(6) Evidence of rehabilitation;
(7) The individual history as a tenant before and/or after the conviction;
(8) Whether the criminal conviction(s) was related to or a product of the applicant’s disability; and
(9) If the applicant is a person with a disability, whether any reasonable accommodation could be provided to ameliorate any
purported demonstrable risk.

The applicant has the right to provide evidence demonstrating inaccuracies within the applicant’s conviction history
for convictions for illegal manufacture or distribution of a controlled substance, convictions requiring a current sex
offender registration requirement or a current child sex offender residency requirement within five (5) business days
of receipt of the results of the tenant screening report containing the criminal history. The applicant has the right to
provide evidence demonstrating inaccuracies, rehabilitation or relevancy and other mitigating factors for all other
convictions from the previous three (3) years within five (5) business days of receipt of the results of the tenant
screening report containing the criminal history.

OCCUPANCY: Must comply with occupancy standards set forth in the Municipal Code of Chicago.

ROOMMATES: Each applicant/Ieaseholder is fully responsible for the entire rental payment and must execute the lease.

RENTERS INSURANCE: It is required that all tenants have renter's insurance and carry minimum policy coverage of $100,000 in personal liability
for the term of their lease.

RENTAL PAYMENTS: The monthly rent is due and payable without demand on the first (1st) of each month. It is deemed late on the second (2nd)
and is subject to late payment penalty after the fifth (5th) of each month. All payments must be made in the form of
check, or using the resident portal using online payments. The first month's rent is due at move in. No cash will be
accepted. Payments made payable to Draper and Kramer.

LEAD DISCLOSURE: If property was built prior to 1978 therefore; some buildings may contain lead-based paint.

RETURNED CHECKS: Submission of funds that are not honored by the financial institution on which it was drawn will result in an automatic
rejection of the application. In addition, all checks which were not honored by the financial institution on which they were
drawn will be assessed a $75 service charge, plus applicable late charges.

COOK COUNTY COMMISSION ON HUMAN RIGHTS:

You may contact the Cook County Commission on Human Rights to determine what rights you may have:
69 W. Washington Street, Suite 3040

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Chicago, IL 60602
312-603-1100
www.cookcountyil.gov/agency/commission-human-rights-0

Signing this indicates that you are agreeing to this acknowledgement that you have had the opportunity to review the residency criteria. If you do not meet the selection
criteria or if you provide inaccurate or incomplete information, your application may be rejected, and your application fee will not be refunded.

Lake Meadows Phase II

Document digitally signed using RENTCafe eSignature services. Document ID: 2786580
 1/18/2023 4:28 PM

Document digitally signed using RENTCafe eSignature services. Document ID: 2786580
 1/18/2023 4:28 PM

Document digitally signed using RENTCafe eSignature services. Document ID: 2786580