We recognize you have many choices for your new home and we are happy you have made the right choice and chosen us!!!

Black Oak Apartments Qualifying Rental Standards

All Lease Holders 18 and over are required to complete an application, pay an application fee and meet all the qualifying criteria. All applicants will be qualified in the same matter. All Occupants 18 years old and over are required to complete an application and pay the required application fee. Each Occupant must pass section #3 of the Rental Standards in order to be approved as an occupant.

All Applicants are processed through Online Screening for the following: CRIMINAL & CREDIT

Criminal History

All Applicant Criminal Background Checks are processed through Online Screening.

Credit/Employment History

A Credit Report is obtained for all applicants over the age of 18 applying as a Lease Holder. Open bankruptcy status is an automatic denial. Falsifying information on your application will be an automatic denial.

Pre-ApprovedPre-Approved W Double DepositPre-Approved LMR DepositDenied
600-850 526-600 501-525 0-499


Income Verification & Requirements

Minimum Income Requirements - Gross Three (3) Times the amount of monthly rent and must be verifiable. (Ex: Rent: $500.00 x 3 = $1500.00 monthly income) Proof of Income can include 2 most recent check stubs, Offer Letter, Court Order for Child Support and proof that it is received, Award Letters, Student Loan Statements, Current Bank Statements to show 3x the amount of rent deposited reoccurring each month, Employment Verification form Black Oak Apartments. Lease Holders may combine income to qualify on the Income Requirements. Applicants that meet all the qualifying criteria except Section 9-Income due to family contributions and unverifiable income, may have the option to pay the lease up front, no less than 6 months in advance or to obtain a Co-Signer

INCOME VERIFICATION FOR SELF EMPLOYED APPLICANTS- You are considered self employed if you receive a 1099 at the end of the year for wages earned or if your employer pays you Cash or you work on a cash/tip basis. If you are self employed, you must be self employed for a minimum of 3 months – You must present true copies of your most recent personal income tax return along with a copy of your 3 most recent bank statements showing deposits that are equal or greater than 3 times the amount of the rent for the apartment in which you are applying for and no negative balances. If you are not able to provide the approved documents required to verify income, then your income will be considered unverifiable. Tax returns and banks statements must be in the applicant’s name.

Rental History

A Minimum of 6 months Satisfactory Rental History – 1st Time Renter Applications are accepted but may require additional deposits for a final approval depending upon Online Screening’s decision. Applications returned showing unpaid rentals will not be processed until acceptable documentation providing “Proof of Payment in Full” is received by our office from the reporting agency. Once received, applicant could be approved with a deposit equal to 1 month of rent. If Rental History is not returned from a previous landlord within 48 hours from the time of application, your rental history will be considered unverifiable. Private landlord rental history must provide copy of lease and all cleared payments.

CO-Signers

Must pay an application fee and must meet all qualifying criteria. Income must equal six (6) times the amount of monthly rent and must be verifiable according to the above Income Guidelines. (Ex: Rent $500.00 x 6 = $3000.00)

Applicants without a Social Security Number

Any applicant that does not have a S.S.N. must provide a valid ITIN number so that a credit report can be obtained. Applicants without a SSN must be able to meet the qualifying criteria on Credit Screening, Criminal Background Reporting, Rental and Income Requirements. Verifiable documentation that is accepted as photo ID only – Passport or any other Government/State Issued ID. International applicants may complete the International Application provided through Bluemoon. Capital Assets complies with all government, state and federal policies for leasing to applicants without a SSN.

Corporate Applications

Corporate Applications must be completed and signed by a corporate officer that has the authority to enter into legal contracts for the company. The company will be ran through Online Screening and processed according to their standards. All occupants must pass section #3 of the criteria.

Pets

We accept pets up to 75 pounds each – 2 pets per apartment maximum. There is a non-refundable fee of $300 for the first pet and a total of $400 for two pets. Monthly pet rent of $25 per pet. *Breed Restrictions Apply – Reference Pet Policy

Please provide the following items SEPERATELY for immediate processing

  1. Non-Refundable Application Fee: $50.00 (per applicant over 18 years of age) $65.00 (per married couple applying together)
  2. Application Deposit: $300 - 1 Bedroom, $400 - 2 Bedroom, $100 non-refundable administrative fee is due upon application.
  3. Military Deposits are $99 for all floorplans and admin fee is due at lease signing
  4. Move In Date must be scheduled within 30 days from the date of this application and/or 30 days from the day the apartment is available.
  5. Application Deposit & Admin Fee is refundable upon denial of application
  6. Driver’s License, State Issued Photo ID or Passport must be presented when touring the community and verified at the time of application
  7. Occupancy Standard (2+1) One Bedroom (4+1) Two Bedroom (6+1) Three Bedroom – Occupants are 12 months & older at time of lease signing
  8. NO CASH ACCEPTED OR TEMPORARY CHECKS

*Adverse action letters will be given for each application decision

All applications are processed within 48 hours – Application Deposits are non-refundable 48 hours after approval

ALL FEES ARE DUE AT THE TIME OF APPLICATION & ACCEPTED W/ PERSONAL CHECKS OR MONEY ORDERS



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Web:        E-mail:  leasing_BlackOakApts@cai-ok.com