Frequently Asked Questions
GUARANTORS:
The term “Guarantor” in this criterion means the person who will guarantee the obligations under the terms of the lease for the resident, including, but not limited to, financial responsibilities.
All guarantors must meet the following criteria:
- Rent/Earnings Ratio
- Guarantors must:
- Make 4 times the monthly rent to be approved – or –
- Assets in bank accounts can be divided by 12 and counted towards monthly income requirement
- Provide proof of income/funds by paycheck stubs or bank statements
- Non‐Criminal Financial Screening
- Guarantors will be screened using a third‐party screening company to evaluate the Guarantor’s credit, check‐writing history, and rental history. Recommendations from the third‐party company will be returned as one of the following:
- Full Pass – Standard deposits apply (if applicable)
- Pass with Conditions – Non‐criminal factors do not meet community standards; the application is rejected.
- Deny – Non‐criminal factors do not meet community standards; the application is rejected. Applications that yield a Pass with Conditions or Deny recommendation from the screening company are welcome to apply with a different guarantor.
To simplify the billing process and allow your student to set up recurring payments of equal amounts, we divide the total cost of the rental amount into 12 equal installments. These installments are factored into the start and end dates of the lease, including proration.
For example, if a student signs for a $700 rate over 12 equal installments, the total cost of the rental amount is $8,400. The total cost of the rental amount – in this case, $8,400 – determines the monthly installment, not the move-in date.
The student in the example above may have a lease term of August 15th – July 31st of the following year. In this case, rather than prorate the first installment to $350 and have 11 subsequent installments billed at $731.82, the total cost of $8,400 is divided into 12 equal installments of $700 for ease of billing and setting up recurring payments at equal amounts.
Regardless of how it is billed, the total rental cost is $8,400.
Our living room furniture package includes a leather couch, leather sofa chair, coffee table, end table, smart TV, and bar stools. Your bedroom furniture package includes a full-sized bed frame, a memory foam mattress, 2 sets of under-bed storage cabinets, a desk, and a chair.
Sawyer on Lincoln offers 6 levels of secure garage parking for our residents. Residents will be able to access their units from the garage by using their electronic keys.
At Sawyer on Lincoln, you must provide proof of renter’s insurance at move-in or participate in our liability waiver program. This program is $13.95 per month- you will automatically be opted in unless you provide proof of your own renter’s insurance policy. The liability waiver program is not a renter’s insurance policy, and personal property will not be covered. If you choose to provide your own renter’s insurance, you must have at least $100,000 in personal liability insurance and upload the coverage plan to your Resident Portal or email it to Info-Sawyer@sawyeronlincoln.com.
