ISLAND VIEW PROPERTIES

Page 2

APPLICATION INSTRUCTIONS

6. Upon acceptance of the applications for your group, we will call your group contact person to verify that you still want the apartment.

7. Upon confirmation that your group would like to proceed with the rental we will send you a packet of information including a Lease Option Agreement and a copy of the lease. You will need to mail or deliver to an Island View Properties representative the following by the requested date:

A.) A Lease Option Agreement signed by all prospective tenants.

B.) A NON-REFUNDABLE LEASE OPTION FEE equal to one rent installment for the unit. This will take the apartment off the rental market and hold it for you until you return your lease and co-signer paperwork. The Lease Option Fee is converted into half of your security deposit after we receive a signed, completed lease. (If the Lease Option is turned in after May, the Lease Option Fee is equal to the full security deposit amount of two rental installments.)

Should a group change its mind about renting an apartment with us after signing the Lease Option Agreement, the Lease Option Fee will be forfeited and Island View Properties will return the apartment to the rental market. (Other conditions making this forfeiture necessary may include but are not limited to: returned deposit or rent check(s) for non-sufficient funds, failure to return signed lease pages or notarized co-signer pages, and/or failure to return first rental payment and balance of Security Deposit, in total, by stated due date.)

8. Your group will need to return a signed Lease Agreement and the notarized co-signer pages to an Island View Properties representative by the date requested. All tenants on the Lease are required to have a co-signer, no exceptions are made to this requirement. The second half of the security deposit and the first rent payment are also due at this time.

9. All due dates and amounts due will be listed on a cover letter included in the lease packet. Checks should have the unit number noted on each check, and must be mailed to Island View Properties at P.O. Box 456, Goleta, CA 93116.

10. Each co-signer will be sent a copy of the Lease Agreement after it is fully completed and signed. At the move in appointment, one complete copy of the lease, including all signed pages, will be given to the rental unit.

11. Island View Properties is also a member of the ACT Program. Passing the ACT program and receiving a certificate number will give you an advantage when submitting your application. Please go to their website at www.ACT-California.com for more information!

If you have questions, e-mail us at Info@IslandViewProperties.com or call our office at 805-681-9464

Thank you for your interest in our properties.

If you have read the preceding instructions, acknowledge them, and would like to apply. Please print out a copy of the below application, fill it out completely and fax or email it to our office. After faxing or emailing, immediately mail the original, signed applications to:

Island View Properties
PO Box 456
Goleta, CA 93116

IVP APPLICATION

Or contact our office at info@islandviewproperties.com

and we will email you a .pdf of the application.

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