The application processing time can take up to two (2) to three (3) full business days once a fully completed application (including rental & employment verifications are received), with all the required information/documentation, is submitted, for all applications for the unit/group of applicants. This also applies if there are multiple applications within the same group for a unit. Processing times will be delayed due to not receiving rental verifications from current/prior landlord, employment verifications and any and all other required documentation.

Evictions within the previous 5 years

Violent felony convictions in the prior 7 years. Convictions for the manufacture and distribution of illegal drugs no matter how long since the conviction

Large unpaid balances, either in collection and/or charged off, to utility service providers, phone carriers, credit/charge cards and any other creditor over the past 24 months

Bankruptcies within the prior 7 years (whether discharged or not)

A credit score below 600

Insufficient income

If applicants’ credit score and credit history is less than good, approval may be provided subject to the following:

Credit Score Security Deposit Amount

650 and above 1 month’s rent

600 - 649 1 ½ one month’s rent

599 and below. 2 month’s rent w/co-signer

No credit score or N/A 2 month’s rent w/co-signer

Applicants with good or higher credit, sufficient income, sufficient credit history, good references, no unpaid balances to landlords, no bankruptcies (discharged or not) and no collection balances will be approved at the security deposit amount in the listing.

Please note the above is not strictly based just on credit score alone. Other factors are considered including but not limited to credit history, references and sufficient income. Should there be little to no credit history, a larger deposit (up to the maximum allowed by CA law) may be requested in addition to prepaid rent from two to six months.

Know your credit score: Many banks and credit card companies will show your Credit Score (FICO Score) if you log into your account. If you are not sure of your credit score, you might find it there, or search online for a site that will provide it to you.

If applicants’ credit is less than good and/or income is insufficient, SKY ASSET MANAGEMENT GROUP will require a co-signer (a co-signer refers to a financially responsible party for the entire unit). Co-signers must complete a separate rental application (indicating they are applying as a co-signer/guarantor for the unit/applicant and will not be occupying the unit) and submit the same required documentation just as an applicant would. Co-signers are financially responsible for the entire unit and not individual renters if there are multiple occupants. Co-signers must have very good to excellent credit and credit history, sufficient income, good references, no evictions, no unpaid balances to landlords and no bankruptcies (whether discharged or not). Co-signers will be required to sign the lease agreement and are required to sign and notarize a co-signer agreement addendum.

Approved applicants are required to submit a NON-REFUNDABLE holding fee TBD upon approval and a non-refundable lease processing fee in order to secure the unit and remove the unit from the market. This non-refundable holding fee will be credited towards the unit deposit and the overall move-in costs. Approved applicants who pay the required non-refundable holding fee and decide they no longer want to rent the unit/home before executing a lease, will only receive a refund (either full or pro-rated amount) if SKY ASSET MANAGEMENT GROUP rents the unit/home to another approved applicant (otherwise, it will be forfeited as liquidated damages). For example; if an approved applicant who pays the holding fee on the 15th of the month for a move in date of the 1st of the following month decides to back out, that approved applicant will receive a full refund only if SKY ASSET MANAGEMENT GROUP rents the property to another approved applicant with the same move in date. If the new applicant’s move-in date is the 15th of the following month (and not the 1st), the approved applicant who backs out will receive a pro-rated refund and not the full amount. If the new applicant’s move in date is on the 1st of the following month (the 2nd month after), the approved applicant who backs out will not receive a refund and the entire holding fee will be forfeited as liquidated damages. (If the holding fee was paid electronically and not certified funds, any refunds, if applicable, will only be issued after five (5) business days, excluding legal holidays, in order to ensure funds have cleared).

SKY ASSET MANAGEMENT GROUP understands that approved applicants may want to move-in & move-out during non-business hours due to work schedules and other prior commitments (business hours are Monday through Friday, 8:30 a.m. to 5:00 p.m., excluding legal holidays). SKY ASSET MANAGEMENT GROUP can accommodate after hours move-ins and move-outs for an additional $150.00 non-refundable fee per move-in & move-out. The move-in & move-out inspection will consist of an inspection checklist, date stamped photographs and/or video taken of the unit and exchanging keys.

If the apartment/home you are applying for is move-in or nearly move-in ready, your lease/rent start date must generally be no later than two (2) weeks, 14 days, from the date your application was submitted. SKY ASSET MANAGEMENT GROUP will not hold a unit for more than two (2) weeks, 14 days, if the unit is move-in ready or nearly move-in ready.

If there are multiple applications for the same unit (different applicants applying that are not in the same party), SKY ASSET MANAGEMENT GROUP will process fully completed applications first and will either approve or disapprove each applicant or set of applicants. The first applicant, or set of applicants, who is/are approved and pays the required non-refundable holding fee equal to one month’s rent will secure the unit. SKY ASSET MANAGEMENT GROUP will not process applications if all required documents, for all applications, are not received. If another application, or set of applications, is/are submitted with all the required documents, SKY ASSET MANAGEMENT GROUP will process that application, or set of applications, first.

If you are applying to rent an apartment within the city of Los Angeles, there may be a $3.61 monthly charge (in addition to the rent and other monthly charges) for the Los Angeles Systematic Code Enforcement Program. The SCEP fee is $43.32 annually paid by the landlord. A landlord may pass through 100% of the annual SCEP fee per rental unit as a monthly surcharge of $3.61, provided that the landlord has paid the annual SCEP fee to the housing & community investment department of Los Angeles (HCIDLA). City RSO Fees may also apply.

HACLA and HACOLA Section 8 vouchers are accepted. All applicants with a Section 8 voucher are subject to the same rental application criteria as non Section 8 voucher applicants.

There are maximum occupancy and maximum number of adults, restrictions, which may differ from property to property. Below is a general guideline:

Unit Type Maximum Occupant Maximum Adult Occupants

Studio/Single 3 2

1 bedroom 4 3

2 bedroom 6 4

3 bedroom 8 5

4 bedroom 10 6

If the apartment/home you are applying for accepts pets (check the rental listing), please indicate the proper information on your application and provide current pet documentation. This applies for assistance/service/companion animals as well. If the apartment/home you are applying for accepts pets, there will also be a $25 pet rent per pet added to your monthly charges and an additional deposit per the rental listing. The non-refundable pet fee or additional deposit does not apply for assistance/service/companion animals.

Property insurance companies do not allow certain breeds of dogs, either purebred or mixed. Therefore, dogs fully or partially of the following breeds are more than likely to be rejected: Akita, American Bulldog, Bullmastiff, Mastiff, Chow, Doberman, German Shepherd, Husky, Presa Canario, Pit Bull, Siberian Husky, Staffordshire Terrier, “Wolf Dog”, Bull Terrier, Pit Bull Terrier, Rottweiler and any combination of these.

Farm animals, members of the weasel family (ferrets etc.), rodents and reptiles are not allowed.

Fish tanks or aquariums must not be more than 10 gallons.

All applicants (and applicable co-signers) will receive an email notification of your approval and the requirements/conditions of your approval. The non-refundable holding fee and non-refundable lease processing fee will be required to be paid within 48 hours of receiving your approval. After the approval email is received, a payment link will be emailed separately to all approved applicants and applicable co-signers to submit payment. Payment may be submitted online via electronic check (free of charge) or debit/credit card (fees apply) depending on the amount, so long as there are five (5) business days, excluding legal holidays, for the funds to clear prior to move-in or it can be paid via certified funds (cashier’s check or money orders). Should payment not be submitted within forty-eight (48) calendar hours of approval, SKY ASSET MANAGEMENT GROUP will move on to the next (approved) applicant. Once payment is submitted within forty-eight (48) calendar hours, SKY ASSET MANAGEMENT GROUP will remove the rental listing from the market and the unit/home will be secured for you. The non-refundable holding fee will be credited towards your security deposit. After payment is submitted, all applicants and/or co-signers will need to electronically sign the lease agreement within seventy-two (72) calendar hours of receiving the lease electronically. If the lease agreement is not signed by all applicants and/or co-signers within seventy-two (72) calendar hours, the holding fee will be forfeited and your position to rent the property will be forfeited as well.

If SKY ASSET MANAGEMENT GROUP has to re-process your rental application due to incorrect information you provided on your original online rental application, such as an incorrect date of birth or social security number, you will be required to submit a new online rental application and must pay the rental application fee again or SKY ASSET MANAGEMENT GROUP may correct your information on your original online rental application at its sole discretion. There is no exception to this.

Every effort is made to provide applicants with reliable and accurate information regarding the unit/home you are applying for. However, changes can and do take place to cause inaccurate information to be inadvertently presented. SKY ASSET MANAGEMENT GROUP encourages all applicants to verify schools, allowable pets, expected features, or any and all concerns prior to signing a lease agreement. Any information posted on the advertisement does NOT constitute a written agreement or guarantee of the facts stated.