The 705 Lofts Apartments
Residential Qualification Standards
January 2018
Rental History:                    
12 months valid, verifiable rental history
Valid rental history is a  written lease or month to month agreement.
If rental history is less than 12 months then a First & an additional deposit equal to one month’s rent -OR- cosigner may be requested.  2 or 3 late payments, NSF checks and/or noise complaints within 12 months may result in an additional deposit equal to one month’s rent.  Final recommendation will be dependent on credit history, level of income and length of employment.
Credit History:                    
At least 4 accounts established for 1 year in good standing
If derogatory credit history is in excess of $100 but less than $10,000 or if a discharged bankruptcy is reporting then a First & an additional deposit equal to one month’s rent -OR- cosigner may be requested.  Final recommendation will be dependent on level of income and length of rental history.
12 months on the job or previous employment in same field of work                                    
Students: Proof of current college or university enrollment or current student visa will be required for valid verification as employment.
2.5 times the rental amount in verifiable income
If income is less than 2.5 times but more than 2 times the rental amount then a First & an additional deposit equal to one month’s rent may be requested.  If income is less than 2 times the rental amount a cosigner may be requested.  Final recommendation will be dependent on level of income, length of rental history and credit history.
Acceptable documentation for verifiable income varies based on the income source.  Generally accepted documentation may include 2 consecutive (recent) paystubs, most recent tax returns, W2, Leave & Earnings Statement (LES), Statement of Social Security Benefits, I20 (International Students), etc.
All Section 8 applicants are required to meet the same criteria as outlined, with the exception that the applicant only needs to meet income requirements for their portion of the rent. 
A cosigner will be APPROVED if all the qualification below are met, if the cosigner does not meet any 1 of the following criteria then the cosigner will not qualify.
RENTAL:       1 year of valid and verifiable rental or mortgage history with no late payments
CREDIT:        At least 4 accounts in good standing with less than $100 in derogatory accounts
                     Open or Discharged bankruptcy will result in denial.
EMPLOYMENT:    12 months on the job or previous employment in the same kind of work
INCOME:            4 times the rental amount of the unit in verifiable, garnishable income
Sex Offender Registry: Please be advised, a landlord (within the Seattle city limits) is prohibited from requiring disclosure, asking about, rejecting an applicant, or taking adverse action based on any arrest record, conviction record, or criminal history, except sex offender registry information which is the result of an adult criminal conviction - as described in Subsection 14.09.025 A3., 14.09.025 A4., and 14.09.025 A5, and subject to the exclusions and legal requirements in Section 14.09.115.  
We do not automatically deny applicants based on sex offender registry that is the result of an adult criminal conviction.  Rather, consideration is based on the nature of the offense and time passed since the date of final disposition.  Supplemental information can be provided to the landlord by the applicant, or produced on behalf of the applicant, with respect to the applicant's rehabilitation and/or good conduct.  Supplemental information may include, but is not limited to: conviction information; certification of rehabilitation; written or oral statements by the applicant, past or present employer(s), current and prior landlord(s), members of the judiciary or law enforcement, parole officer, member of clergy, counselor or therapists, social workers or similar person(s).
Valid Government or State Photo Identification will be required of all applicants.

Please enter your social security number (SSN) if one has been issued to you. Submission of an SSN helps assure access to your credit profile and reduces the likelihood of processing delays. We maintain strict physical, electronic and administrative security practices to protect your information. Moco Privacy Policy.

Equal Housing Opportunity

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Each person over the age of 18, who will be residing in the rental unit, is required to complete a separate application.

Please tell us about the rental unit you would like to apply for:

Apartment (Landlord) Name*:  
Management Company Name:
Rental Unit Street Address*:
City*, State* and Zip:
Apartment (Landlord) Contact Name*:
Apartment (Landlord) Telephone Number*:
How did you hear about us (Craigslist, For Rent, Friend, etc)?

Your planned move in information:

Rental Unit Number:  
Planned Move in Date: *
/ /
Rent $*:

Application Type *

I am applying:
Spouse/Roommate(s) name(s) -
list all over 18 years of age:
Cosigning for:

Tell us about yourself

(Legal) Last Name*:  
First Name*:
Middle Name:
Other names used:
Email Address*:
Contact Phone Number*:
Alternate phone numbers
(Cell, Work, etc..)
Social Security #:
 -   -   
Birth Date*:
/ /
Driver's License # and State:

* = Required Field.

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