450 Park Ave, Foley, AL 36535

This first-floor condominium offers 3 bedrooms, 2 bathrooms, and approximately 1,251 square feet of living space. The open floor plan features granite countertops, tile and luxury vinyl plank flooring throughout, and a screened patio for additional outdoor living space. An exterior storage closet provides added convenience. Residents have access to community amenities, including a swimming pool and BBQ area. Conveniently located in Foley with easy access to shopping, dining, and Gulf coast beaches.

HOLDING FEE
• A non-refundable holding fee equal to one month's rent is due within 24 hours of application approval.
• This fee will hold the home for 14 days from the date of the application.
• Once a lease is signed, the holding fee:
- Removes the property from the market
- Converts to the security deposit
• This fee is non-refundable and non-transferable.

APPLICATION PROCESS
• All applicants 19 and older must apply individually.
• Application fee: $75 per person (non-refundable)
• Multiple applicants/roommates: Each must complete a separate application.
• Applications are valid and transferable within 30 days.
• Occupancy Limits: Must comply with HUD guidelines for the property.

IDENTIFICATION REQUIREMENTS
• A valid photo ID is required for each applicant.
• Applicants without a Social Security Number must provide proof of permitted stay in the U.S., such as a valid U.S./INS visa.

INCOME & CREDIT REQUIREMENTS
• Credit Score:
- Minimum 600
- No landlord collections or prior evictions accepted
• Income:
- Must be 3 times the monthly rent (Example: $1,500 rent requires $4,500 in monthly income)
• Acceptable proof of income includes:
1. Recent paystub with YTD income, company name, applicant's name, and date
2. 1099 for self-employment
3. Most recent tax return
4. Documentation of child support, alimony, SSI, SDI, retirement, or pension
5. Employer offer letter with company name, applicant’s name, and date

CRIMINAL & FINANCIAL BACKGROUND
• Felony convictions are grounds for denial in the last 7 years for:
- Violence, assault, battery, firearms, arson, or drug manufacturing/distribution
• Sexual offenses: Any conviction regardless of when it occurred will result in denial
• Bankruptcies: Must be discharged for 3 years

CO-SIGNERS
• Must meet all standard criteria
• Must submit an application and pay the $75 application fee (non-refundable)

RENTAL HISTORY
• 2 years of verifiable rental history required
- Must include prior landlord’s name, phone number, and email address
- History must show: Timely payments, No noise/disturbance complaints, No unpaid NSF fees, damages, evictions, liens, or foreclosures
• Prior homeownership is accepted as equivalent to rental history

SERVICE/ SUPPORT ANIMALS
• Must submit a separate application with:
- A reasonable accommodation request
- Documentation from a licensed medical professional

APPLICATION TIMELINE
• Processing time: Up to 1 week
• Applications are processed in order received (once fully completed)
• No processing on weekends or holidays
• We will contact you for missing documents

ADDITIONAL NOTES
• If multiple applications are submitted for the same property, the first fully completed application will be considered.
• Lease start date must be within 14 days of application approval.
• Homes are rented in "as-is" condition.
• We do not allow: Subletting, Corporate leasing, Airbnb usage

FLEXIBLE RENT OPTION
We now offer FLEX Flexible Rent.

UTILITIES
The tenant is responsible for all utilities.

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