TENANT ASSURANCE PROGRAM
Purpose
The Tenant Assurance Program is designed to provide a pathway for applicants who may not fully meet the standard Tenant Screening Requirements to still qualify for tenancy. This program introduces additional risk-mitigation measures that provide greater assurance to the property owner while allowing certain applicants the opportunity to move forward with the lease.
Eligibility
Participation in the Tenant Assurance Program is offered at the sole discretion of management. It may be considered for applicants who have factors in their screening profile that fall outside the standard approval guidelines, such as lower credit scores, limited credit history, previous credit challenges, prior eviction filings, or other risk indicators identified during the application review process.
Enrollment Payment
Participation in the program requires a one-time Tenant Assurance Program enrollment payment due at lease signing.
The required amount is:
$1,550 or an amount equivalent to one month’s rent, whichever is higher.
This payment is:
- Due at lease signing
- Non-refundable under any circumstances
- Separate from and in addition to all other move-in costs
Security Deposit Requirement
The Tenant Assurance Program enrollment payment is not a security deposit and does not replace or reduce the security deposit requirement.
The standard security deposit must still be paid in full at move-in in accordance with the lease agreement. The enrollment payment is a program participation fee intended to provide additional assurance to the property owner and does not function as a deposit, prepayment of rent, or credit toward any future balance.
Lease Compliance Requirements
Tenants approved under the Tenant Assurance Program are expected to strictly comply with all lease terms and payment obligations.
Rent must be paid in full and on time according to the lease agreement. Any failure to make a payment when due, or any violation of the lease terms, will result in immediate enforcement of the lease. This may include the immediate filing of a dispossessory action as permitted by Georgia law.
Inspection Requirements
As part of the program’s risk management measures, the landlord or property manager may conduct periodic internal property inspections during the tenancy. These inspections are intended to ensure the property is being properly maintained and that lease terms are being followed.
All inspections will be conducted in accordance with applicable notice requirements under Georgia law.
Credit Reporting
As part of the Tenant Assurance Program, management may report monthly payment history to the credit bureaus. This reporting may include both positive and negative payment activity.
Timely rent payments may help establish or improve the tenant’s credit profile. However, late payments, missed payments, unpaid balances, or lease violations may also be reported and could negatively impact the tenant’s credit history.
Periodic Credit Review
Tenants participating in the Tenant Assurance Program may be required to authorize a new credit report every six months during the tenancy. This review allows management to monitor improvements or changes in the tenant’s credit profile while the lease is active.
Failure to cooperate with a requested credit review may be considered a violation of the lease terms.
Program Acknowledgment
Participation in the Tenant Assurance Program is voluntary and provided as an alternative path to approval. Applicants who elect to participate acknowledge that the additional requirements described above are conditions of approval and part of the lease qualification process.
Management reserves the right to deny participation in the Tenant Assurance Program or withdraw approval prior to lease signing if new information becomes available during the application process.
By electing to participate in this program, the applicant agrees to the program requirements and acknowledges that the Tenant Assurance Program enrollment payment is non-refundable and separate from all other lease obligations.
