Advent - Low Deposit Loft Style Condo W/ L...

Advent- Important: Please do not apply online "sight unseen." Applications will not be considered prior to viewing.

TO SCHEDULE TOUR: For fastest response, please call or text the Leasing Agent Tyler Powell at M-F between 9AM and 4PM or send an... email to with your contact information.

Welcome to your new condo! As you enter in you will be welcomed by the kitchen accompanied with a gas stove & a dishwasher. Continue through and you find yourself in the bright living room with tall ceilings. Go up the stairs to find the bedroom/loft with direct access to your in-unit washer/dryer. Don't forget about the ample closet space and the one parking space included!

Won't last long..

Tenant responsible for PGE

Owner provides Trash & Water

Minimum required credit score 661

10 Days before move-in, secure funds (deposit and first month rent) must be hand delivered (or 5 extra business days for regular mail) in a sealed labeled envelope to the Advent Properties, Inc. Oakland office with the following information provided: 1.name, 2.new address & 3. the words NEW RESIDENT on the front. If the office is closed, please place funds through the mail slot opening in the front door. Funds not cleared can not receive keys - this may delay a move-in date.

Advent Properties, Inc.
C/O Accounting Office / NEW RESIDENT
1600 MacArthur Blvd.
Oakland, CA 94602

Renter's Insurance is required. Advent Properties listed as an "additional interest."

*Renters Insurance does not include earthquake damage separate earthquake recommended.*

*Pets considered* One (1) small cat or dog (under 25lbs) considered. To be considered, the pet must be spayed/neutered and properly vaccinated (proof required as part of the application).*Breed Restrictions Apply*

If you both:
• DO have a government rent subsidy
AND
• Are choosing to submit alternative evidence
of your ability to pay rent to be considered
instead of your credit history

The City of Oakland's Fair Chance Housing Ordinance requires that rental housing providers display this notice to applicants:


Please contact us for further information.

This is a no smoking / no marijuana residence.

*** Upon approval of the application, applicant(s) will have 48 hours to obtain utilities in their name(s) and renters insurance PRIOR to receiving the lease agreement.

*** Move-in date must be 30 days or less from the date of application approval.***

Each adult (18+) who will be residing in the rental unit must complete and sign an application, provide all necessary supporting documents, including a government-issued photo ID, and pay the application fee. Incomplete applications will not be processed. Submit a $45 non-refundable application fee, payable to Advent Properties, Inc., for each application. This must be paid with Cashier's Check or Money Order. We take this in order to run the credit check. Personal credit reports from other agencies NOT accepted. Mail or personally deliver all documents to Advent Properties, Inc. 1600 MacArthur Blvd. Oakland, CA 94602. There is an after-hours secured mail slot you can place your information into as well on the front door of the office. Please have documents secured together.

The application process usually takes three (3) business days after receipt of the complete application, supporting documentation, and application fee.

*One (1) applicant: 2.2 x the monthly rental rate in verifiable monthly net income is required. Two (2) applicants: 3.3 x the monthly rental rate in verifiable, combined monthly net income is required. Three (3) applicants: 4.4x the monthly rental rate in verifiable, combined monthly net income is required. Four (4) applicants: 5.5 x the monthly rental rate in verifiable, combined monthly net income is required. Five (5) applicants: 6.6 x the monthly rental rate in verifiable, combined monthly net income is required. Net income is calculated by taking the applicant’s take-home pay and subtracting the monthly debt service as reported in the applicant’s credit report.

*Verifiable monthly income must be documented by the most recent two (2) months pay stubs for the applicant. Offers of employment must contain initial employment days within thirty (30) days of application, and the total salary stated in the offer of employment will be discounted to 60% to calculate monthly income.

*If cash reserves are used to qualify, the cash reserves amount must be equivalent to the above income requirements for the duration of the initial term of the tenancy. The cash reserves must be in the applicant's account(s) for a minimum of six (6) months. Only cash or cash equivalents will be considered (e.g., CDs, money market funds, etc). Retirement accounts are not considered unless the applicant is of age for penalty-free withdrawal.

*Each applicant must have a minimum credit score of 661+ (based on VantageScore 3.0) to qualify. Note, some properties have different credit score requirements, please refer to the advertisement for actual requirement.

*Each applicant must have two (2) years of established credit history in good standing (e.g. no delinquency, collection, or other negative remarks).

*No prior Evictions on your record.

*A positive (not neutral) landlord reference from the most recent two landlords is required.

Pets considered. *Breed and Size Restrictions Apply* *If you have a pet, you must request a separate pet application from us and submit the completed pet application at the same time you submit the rental application.

*As a property owner or manager we do not discriminate in the rental of property on the basis of "race, color, religion, sex, gender, age, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, familial status, source of income, disability, veteran or military status, or genetic information".

*Advent Properties, Inc. trusts that all material in the flyer to be correct and assumes no legal responsibility for the accuracy. All information is subject to change or withdrawal without further notice.

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