Seminary Properties and Management maintains rental properties in such Chicago neighborhoods as Albany Park, Ravenswood, Lincoln Park, and Lakeview. Potential tenants can schedule a viewing for available apartments via phone, email, or the company’s website. They can subsequently apply for an available apartment by completing a Seminary Properties and Management application and turning in a check or making an online payment to cover the cost of a credit check and down payment for the apartment they choose..
To ensure its applicants are suitable tenants, the company does maintain a requirement that applicants’ rent-to-income ratio is 33 percent or lower without a cosigner. This ratio is calculated by dividing the rent by the applicant’s pre-tax income The credit report for each applicant must also be clean and free of defaults or collections. Rental history is usually examined, as well as the criminal history of each applicant, to ensure the safety of all tenants.
A family-owned-and-operated company, Seminary Properties and Management specializes in the rental, maintenance, and rehabilitation of properties, and treats each residence as its own home. To this end, Seminary maintains each apartment building meticulously and addresses any tenant issues quickly to minimize inconvenience. The company also has a full-time maintenance staff that continually improves buildings and performs repairs as needed.
Seminary Properties and Management 