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​FAQ

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What is the application fee, and is it refundable?
The application fee is $45 and is non-refundable. This fee covers the cost of processing your rental application, including background and credit checks. The application fee must be paid at the time you submit your application, and it cannot be refunded regardless of the outcome of the screening process.

What is the hold deposit, and is it refundable?
The hold deposit is $500. This goes toward the cost of your security deposit and is refunded only if your application is denied.

Income Requirements:
The total gross income must be at least 2.5 times the rent. All income sources must be verifiable. Equity and assets may be considered if income is below the threshold.

Credit Requirements:
  • Credit history with late payments, liens, judgments, bankruptcies, charge-offs, or accounts closed by creditors may result in denial.
  • Applicants with 3+ NSF checks may be denied.
  • Unpaid collections/judgments may result in denial (extenuating medical or catastrophe-related circumstances may be considered).
  • Bankruptcy cases will be evaluated individually.
  • Accepted applicants with extenuating circumstances may need to pay an additional security deposit (minimum 1 month’s rent) or have a co-signer.

Criminal History:
  • Felony convictions within the past 7 years old, may be reviewed on an individual basis.
  • Gross misdemeanors within the past 3 years, two DUIs in 1 year, assault/drug-related misdemeanors, or a history of criminal convictions may result in denial.
  • Active charges for disqualifying offenses will result in denial.
  • This list is not exhaustive—please contact management for the full screening criteria.

Rental History:
  • Evictions or foreclosures may result in denial.
  • Must provide verifiable housing history for the past 10 years or last 3 residences (whichever is longer).
  • 3+ late rent or mortgage payments in 1 year may lead to denial.
  • Negative rental references (lease violations, disturbances, property damage, unpaid rent, etc.) may result in denial.
  • Owing money to a current or previous landlord may result in denial.
  • Previous tenants whose lease was terminated or non-renewed may be denied.

Occupancy Standards:
  • 1 Bedroom: Max 3 people
  • 2 Bedroom: Max 5 people
  • 3 Bedroom: Max 7 people

False Information:
Providing false, misrepresented, or omitted information will result in automatic denial.

Fair Housing Compliance:
We comply with federal, state, and local Fair Housing, Civil Rights, and Equal Opportunity Laws.

Business Relationship Policy:
A professional and respectful relationship is expected between tenants and management.

We reserve the right to deny applicants who exhibit:
  • Disrespectful, argumentative, or aggressive behavior.
  • Threats, swearing, intoxication, or disruptive actions during the application process.

Are Co-Signers Accepted:
Yes, restrictions apply.

What is the security deposit?
The security deposit is equal to one month's rent with a full approval.

Are pets allowed?
  • Yes, up to 2 pets per apartment.
  • Weight Limit: 75 lbs per pet
  • Non-Refundable Pet Admin Fee: $300 per pet
  • Monthly Pet Rent: $30 per pet

Are garages available for rent?
Yes, detached garages are available. Contact us for details.

What utilities are included in the rent?
​Tenants are responsible for all utilities.

What Our Clients Are Saying

"Thank you for simply caring!  You and your staff are so quick to handle any of our issues.  We love our apartment and the location is awesome!"

Contact Us

Main Office:  708 East 7th Street., Monticello, MN 55362
Pone:  763-222-6173
Email:  [email protected]

​Sherburne Park Estates & The Bluffs are affiliates with Martin Square Apartments as of March, 2018.  
​www.martin-square.com
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