K5 PROPERTY MANAGEMENT

Thank you for choosing K5 Property Management. Please review the criteria carefully before submitting your application. If you have questions, contact us at leasing@k5propertymanagement.com or 503-954-3435. This criterion applies to K5 Property Management multifamily units located in Oregon outside the City of Portland. Different criteria apply to our units located within the City Of Portland.

Fair Housing Statement

K5 property Management fully complies with the Federal Fair Housing Act and all applicable state and local fair housing

laws. We do not discriminate against any person because of race, color, national origin, religion, sex, gender identity, sexual

orientation, marital status, familial status, disability, source Of income, age, or status as a survivor of domestic violence,

sexual assault, or stalking, or any Other class protected by federal, Oregon, or local law.

persons with a disability have the right to request a reasonable accommodation or modification at any time during the

application process or tenancy. TO make a request, please contact us at leasing@k5propertymanagement.com.

How Applications Are Evaluated

Applications are processed on a first-come, first-served basis, provided they are complete and all associated fees have been

paid. Each resident aged 18 and above must individually submit a rental application and qualify individually Or as Otherwise

permitted under the specific criteria below. Approval is based on the following factors:

• Identity verification
• Income history and verification
• Employment history and verification
• Rental history and verification
• Credit history and verification
• Criminal conviction history (evaluated through an individualized assessment, as described below)
• Pet, animal, and no-pet screening through Petscreening.com

Inaccurate, incomplete, or falsified information is grounds for denial Of the application. Occupancy is generally limited to

two persons per bedroom, subject to the size and configuration Of the unit. Any applicant currently using illegal drugs, or

whose tenancy would constitute a direct threat to the health or safety Of Others or to the property, will be denied.

Application Fee & Required Documentation

KS Property Management charges an application (screening) fee Of $50.00 for each application submitted. This fee reflects

the actual average cost Of screening. Along With the application, each applicant must provide the following supporting

documentation:

• A valid driver's license or other government-issued photo identification for each applicant. Other acceptable forms of

identity verification include a Social Security card, permanent resident card, immigrant or non-immigrant visa,

individual taxpayer identification number (ITIN) card, or a combination of documents permitting reasonable

verification of identity.

• Verifiable proof Of income — for example, recent pay stubs, or two years of tax returns for self-employed/1099

individuals.

• A completed Pet Screening profile for every applicant, at https://kspropertymanagement.petscreening.com/.
  

Income Criteria

Income must come from a verifiable, legal source. Where an applicant uses local, State, or federal housing assistance,

"stated rent" means only the portion of the rent that will be payable by the applicant, and excludes any portion paid

through the assistance program.

Monthly income should be at least three (3) times the stated rent. If an applicant's monthly income is between two (2) and

three (3) times the stated rent, the applicant Will be required to pay an additional security deposit equal to one month's

rent or provide an acceptable co-signer. Income below two (2) times the stated rent Will result in denial.



Twelve (12) months Of verifiable employment is required where employment is used as a source Of income. Less than

twelve months of verifiable employment Will require an additional security deposit or an acceptable co-signer. Applicants

using self-employment income will have their income verified through the Oregon Secretary Of State / Corporation Division

and may be required to submit supporting records, which may include the previous year's tax returns.

Rental & Eviction History

Twelve (12) months Of verifiable contractual rental history from a current, unrelated, third-party landlord — Or w2rifiable home ownership — is required. Less than twelve months Of verifiable rental history Will require an additional security deposit Or an acceptable co-signer. The following will result in denial Of the application:

• Three or more notices for nonpayment Of rent Within any one-year period.
• Three or more dishonored (returned) checks within any one-year period.
• Rental history reflecting any past-due or unpaid balances owed to a landlord, including amounts reflected in judgments or referred to collections. This does not include unpaid rent, judgments, or collection referrals for amounts that accrued on or atter April 1, 2020, and before March 1, 2022.
• Rental history including three or more noise disturbances, or any Other material non-compliance With a rental agreement or rules, within the past two years.

Five (5) years of eviction-free history is required, except for general eviction judgments entered on claims that arose on or after April 1, 2020, and before March 1, 2022. Eviction actions that were dismissed, or that resulted in a judgment for the applicant, will not be considered. If an eviction resulted from a job loss through no fault of the applicant, or was related to a nori-behavioral issue, supplemental evidence may be provided and Will be considered.

Credit History & Bankruptcy

Negative credit scoring or adverse debt shown on a consumer credit report may result in denial or may require an

additional security deposit or an acceptable co-signer. Medical debt is not considered. Ten (10) or more unpaid collections

(not related to medical expenses) Will result in denial.

A Chapter 7 bankruptcy filed within one (1) year of the application, or a currently pending bankruptcy, will result in denial.

Any negative or adverse debt reported within the last two (2) years following a bankruptcy (not related to educational or

medical expenses) will result in denial. An applicant with a current Chapter 13 bankruptcy may be approved if the

bankruptcy is over three (3) years Old, in good standing, and no negative or adverse debts have been established since.

Criminal Conviction Criteria

Upon receipt Of the rental application and screening fee, KS property Management will conduct a search Of public records

to determine whether an applicant or any proposed resident or occupant has a conviction. "Conviction" means charges

pending as of the date of the application; a conviction; a guilty plea; or a no-contest plea. Consistent with ORS 90.303, we

do not consider a prior arrest that did not result in a conviction, and we do not consider expunged records. A single conviction for certain serious offenses may be grounds for denial, subject to the individualized review process below. Offenses are evaluated using the following look-back periods measured from the date of disposition:

• Certain serious offenses (including murder, manslaughter, arson, rape, kidnapping, child or other violent/predatory sex crimes, manufacturing or distribution Of a controlled substance, or terrorism): no time limitation.
• Other felonies (including drug-related, person, sex-offense, or financial-fraud/identity-theft/forgery crimes, or crimes adversely affecting the property, or the health, safety, or peaceful enjoyment Of Others): within the last seven (7) years.
• Certain misdemeanors (including drug-related, person crimes, sex offenses, domestic violence, violation Of a restraining order, stalking, weapons offenses, criminal impersonation, possession of burglary tools, or financial-fraud crimes): within the last five (5) years.
• Other misdemeanors (including theft, criminal trespass, criminal mischief, or property crimes adversely affecting the property, health, safety, or peaceful enjoyment of others): within the last three (3) years.
• Conviction of any crime requiring lifetime sex-offender registration, or an applicant currently registered as a sex offender: denial.

Individualized assessment: An applicant Who would otherwise be disqualified under these criminal-conviction criteria may submit supplemental information for an individualized assessment. Supporting documentation may include a letter from a parole or probation officer; a letter from a caseworker, therapist, or counselor; certifications Of treatment or rehabilitation programs; a letter from an employer or teacher; certification of trainings completed; proof of employment; and a staternent from the applicant. We will consider relevant mitigating factors, including the facts and circumstances surrounding the conduct, the age of the person at the time of the conduct, the time since the conduct, the time since release from incarceration or completion of parole, evidence of good tenant history before and after the conviction, and evidence Of rehabilitation.

Co-signer Requirements

An acceptable co-signer may be used to satisfy the criteria in the situations identified in the criteria — for example, when:

• An applicant's monthly income is between two (2) and three (3) times the stated rent (in place Ofthe additional

       security deposit).

• An applicant has less than twelve (12) months Of verifiable employment.
• An applicant has less than twelve (12) months Of verifiable rental history.
• An applicant has negative credit scoring or adverse debt on the consumer credit report.

A co-signer must complete a separate Co-signer Application, provide current, government-issued photo identification, pay

the applicable screening fee, and be screened. A co-signer applies solely to act as a co-signer and will not occupy the unit.

TO be an acceptable co-signer, the co-signer must independently meet all Of the following:

• Credit score over 700.
• Verifiable monthly income, from a verifiable and legal source, of at least four (4) times the monthly rent. Twelve (12)

months of verifiable employment is required if employment is used as the source Of income; self-employment income

is verified through the Oregon Secretary Of State / Corporation Division and may require the previous year's tax

returns.

• Twelve (12) months Of verifiable contractual rental history from a current, unrelated, third-party landlord, or

verifiable home ownership. Three or more notices for nonpayment of rent within one year, three or more dishonored

checks within one year, or any past-due or unpaid balance owed to a landlord Will result in denial.

• Five (5) years Of eviction-free history. Eviction actions that were dismissed, or that resulted in a judgment for the c0-

signer, will not be considered.

• Fewer than ten (IO) unpaid collection accounts not related to medical expenses; ten (IO) or more Will result in denial.
• NO conviction Of, or pending unadjudicated charge for, a crime involving financial fraud (including identity theft or

forgery) within the last seven (7) years.

Inaccurate, incomplete, or falsified information provided by a co-signer will result in denial.

Security Deposits

A security deposit is required for all approved move-ins and must be paid on or before the move-in date (before keys are

received). The specific amount is determined by KS Property Management based on the results of your screening (including

credit and rental history) and the size Of the unit. Security deposits generally range from one-half (h) to One (1) month's

rent. In some cases — for example, limited credit or rental history — an additional deposit and/or last month's rent may be

required, or an acceptable co-signer. Recorded property debt is grounds for denial of the application.

Deposit to Secure Occupancy & Hold Times

Upon approval of the rental application, the prospective resident will be required to pay the security deposit and complete

and sign the Agreement to Execute Rental Agreement within 48 hours of approval to secure the unit. payment of the

security deposit Will hold the unit for up to 14 calendar days and Will be applied toward the total move-in costs. Please note

that KS Property Management Will retain the security deposit as liquidated damages if the prospective tenant fails to take

possession of the premises or cancels the application after approval.

pet policy

KS Property Management recognizes the significant role that animals play in the lives Of many Of our residents. Most Of our

communities are pet-friendly, though a small number do not permit pets. Every applicant completes a profile through our

third-party screening service (Petscreening.com) — Whether they have a pet, an assistance animal, or no animal — so that

policies are acknowledged and records are kept consistently. Households With no pet or animal complete the profile at no

charge ($0).

Important: Whether pets are permitted depends on the specific property _ Before apply or bring home a pet, please

confirm With KS Property Management Whether the community you are interested in is pet-friendly and What pet rules

apply there. This does not affect assistance animals, which are addressed below.

Pets. For household pets, the following apply:

• A per-pet screening fee of $20.00. • A monthly pet rent of $35.00 per pet.
• A refundable additional security deposit of$500 may be required. Any additional deposit is part ofthe security deposit and is held and accounted for under Oregon law' (ORS 90.300).
• Pets are subject to each community's pet rules, which at some communities may include limits on the number, type, size, or breed of animal.
• Residents are responsible for any damage caused by a pet.

Assistance animals (service animals and support/companion animals). Assistance animals are not pets. A resident with a disability may keep an assistance animal — including in a community that does not otherwise permit pets — as a reasonable accommodation. For assistance animals:

• No pet screening fee, additional security deposit, or pet rent is charged, and pet rules such as breed, size, species, or number limits do not apply.
• Complete the assistance-animal / accommodation request in Petscreening.com at no charge; it is handled as an accommodation request, not as a pet. You may also make a request directly by contacting leasing@kSpropertymanagement.com.
• Where a disability, or the disability-related need for the animal, is not obvious or already known to us, KS may request reliable supporting documentation from a qualified third party. KS Will not require a specific diagnosis or medical records, a particular form, or proof that the anima' has professional training.
• Residents remain responsible for any damage caused by an assistance animal.

If Your Application Is Denied — Dispute & Reconsideration

If your application is denied, you wilt receive written notice Of the denial and the reasons for it, consistent with Oregon law.

If your application was denied due to negative or adverse information in your screening report, you may request a COPV Of

your screening report or dispute information in it. Please fax or mail (please do not email) the following to AppFolio: a copy

Of your government-issued ID (driver's license, State 'D card, or U.S. passport) and a brief, signed explanation Of your

request that includes your full name, current address, date of birth, Social Security number, phone number, and email

address (if convenient).

• Fax: (866) 496-8077
• Mail: AppFolio, Inc., Consumer Relations, 50 Castilian Drive, Santa Barbara, CA 93117

AppFolio will reach out to you within 5 business days of receiving your request. You may also contact the credit-reporting

agency to identify who is reporting unfavorable information and to request a correction if the information is incorrect.

If your application has been denied and you believe you qualify under the criteria above, Or you have additional information

that may override the decision, send your request and any supporting documentation to us by email at

info@k5propertymanagement.com, or by mail to KS Property Management, LLC, PO BOX 25332, Portland, OR 97298.