Rental requirements

Age requirements:

  • Adult residents must be at least twenty-four (24) years old.
  • Graduate students may be granted an age exception. Proof of acceptance into graduate school is required.

Smoking:

  • We are a smoke-free complex and we only rent to non-smokers.
  • Smoking by residents or their guests at The Wilmont will be grounds for immediate eviction.

Income Requirements:

  • Residents must have a monthly income of at least three (3) times the rent.
  • In cases of newly hired employees, we can accept a new hire letter from the new company that states the annual salary.
  • Graduate students may use a parental guarantee.

Occupancy:

  • Maximum of one (1) adult in the Lindbergh.
  • Maximum of two (2) adults in the Fitzgerald and Hemingway.
  • With dependents, one (1) adult and one (1) dependent may reside in a one (1) bedroom or two (2) adults and two (2) dependents may reside in a two (2) bedroom apartment.

Rental application:

  • Rental application is required for each adult occupant.
  • Application fee is $50 per adult.

Required supporting documents:

  • Proof of Identification – Driver License, State Identification, Passport, or Military Identification
  • Proof of SSN – Social Security Card, Tax documents, or paystub with SSN present
  • Proof of Income – 2 sequential income statements (or tax documents supporting income)

Rental payments:

  • All reoccurring charges are collected by automatic draft from one checking account.
  • Payments will be automatically debited on the FIRST day of each month.

Renter’s insurance:

  • All residents are required to have renter’s insurance.
  • We must have a copy of the policy before the residents will be given the keys.
  • For eligible residents, The Wilmont provides a free renter’s insurance policy.
  • Renters have the option to get their own policy. Renter’s insurance policy requirements:
    • $20,000 personal property (minimum)
    • $100,000 liability (minimum)
    • Additionally insured
      • Wilmont Apartments, LLC (1204 Village Market Place #234 Morrisville, NC 27560)
      • Live Oak Rentals, LLC (1204 Village Market Place #234 Morrisville, NC 27560)

Rental History:

  • Any negative rental history is grounds for the denial of an application. Negative rental history includes, but is not limited to, the following:
    • Late rental payments
    • Property Damage (beyond normal wear and tear)
    • Returned Checks
    • Collection activity or court action for judgments (evictions/judgments)
    • Non-compliance of leasing term or policies
    • Complaints regarding noise or neighbor problems

Credit History:

  • A credit report will be acquired for all applicants.

Criminal History:

  • A criminal background report will be acquired for all applicants.

Pets:

  • Pet interviews are required.
  • Pets must have appropriate vaccinations and documentation.
  • A $200 non-refundable initial pet fee and a $20 monthly fee is required per pet.
  • Other pets (including visiting pets) not registered with management are not allowed on the property.
  • The only exception to these guidelines would be pets designated as service animals to accompany a resident with a verifiable disability for the specific purpose of aiding that person.

Lease signing:

  • All supporting documents.
  • Security deposit, initial pet fee (if any), and first month’s rent (rent,
    additional parking (if any), and monthly pet fee) will be due.

Move-in:

These Rental Requirements may be updated from time-to-time without notice. (Revised as of January 2017)