Rental Criteria
Please review this information before completing the application and paying the application processing fee, which is non-refundable. Falsification of information on the application may result in application denial and loss of holding fee (if applicable) as liquidated damages for our expense and loss of rental income in holding the rental home off the rental market. Additionally, if Applicant is approved based upon submitted false information, Applicant may be evicted pursuant to Colorado law.
Identification: All persons 18 and older must present a valid photo identification. Only valid, unexpired, government issues photo identification will be accepted.
Portable Tenant Screening Reports (PTSR): 1) Applicant has the right to provide us with a PTSR that is not more than 60 days old, as defined in § 38-12-902(2.5), Colorado Revised Statutes; and 2) if Applicant provides us with a PTSR, we are prohibited from: a) charging Applicant a rental application fee; or b) charging Applicant a fee for us to access or use the PTSR.
If Applicant provides us with a PTSR: a) the PTSR must comply with all state and federal laws pertaining to use and disclosure of information contained in a consumer report by a consumer reporting agency; and b) Applicant certifies that there has not been a material change in the information in the PTSR, including the Applicant’s name, address, bankruptcy status, criminal history, or eviction history, since the PTSR was generated.
Determination of Housing Subsidy Status
Will you pay any portion of your rent from public or private assistance, a grant, or a loan program regardless of whether such public or private assistance, grant or loan is paid directly, indirectly, or on your behalf to the landlord? If the answer is yes, then you receive a Subsidy.
Proof of income
What is income? “Amount of income” means a tenant’s or prospective tenant’s income from salaries, wages, commissions, payments received as an independent contractor, bonuses, or a housing subsidy or derived from any other public or private source and includes all of a tenant’s or prospective tenant’s cash assets.
Income requirements (non-subsidy applications): minimum gross household income 2X the monthly rent
Income requirements (subsidy applications): minimum gross household income 2X the monthly rent that the subsidy applicant will be responsible for paying.
- Roommates’ income can combine to meet threshold
- Unquestionable documented proof required.
- 2-4 paystubs showing a total of 1 month’s income,
- If no paystubs, current verifiable offer letter
- If self-employed 3 months of bank statements
- Agency Promissory note or Housing Subsidy letter.
- Retirement income, child support, self-employment or social security require proof of ongoing contribution.
- Retirement accounts with a balance equal to 10 times the annual rent for the past 3 months is acceptable
- If an applicant does not meet gross income requirements, a co-signer can be used
- Co-signer must be able to show gross monthly income equal to 4.0x the rent.
- Co-signers must also pass background check and will be considered as a “tenant” on the lease.
- If income is earned more than 50 miles from the property, verification of local or remote employment may be required.
- Applicants relocating must provide proof of a current and ongoing income source; previous employment alone is not sufficient.
Rental History: Rental History screening is limited to the past 7 years.
- Rental history is not taken into consideration on prospects that receive housing subsidies.
- No previous evictions or judgements less than 5 years old
- No current collections with other apartment communities or previous’ landlords
- For applicants that receive a housing subsidy as defined by § 38-12-902(1.7), C.R.S, we reserve the right to deny an application for negative rental history, such as evictions, disturbances, or previous move out damages provided such information does not come from a “consumer report.”
Pets:
Pet policies vary at each property. Some properties do not allow any pets at all. Limits may include weight and breed restrictions. No more than 2 pets of any kind at properties that accept pets.
- Pictures of pets are required prior to move in
- Deposits and Pet Rent apply.
- $300 pet deposit
- $35 monthly rent per apartment
- Proof of license and all vaccinations as required by the state.
Immediate Disqualifications:
- Any false data on application (phone numbers, SS#, references, etc.)
- Felony conviction less than 5 years old
- Multiple misdemeanors
- Bankruptcy and prior evictions less than 5 years old
- Housing related debt or rental reference that would not re-rent to tenant
Criminal History Screening:
The application will be rejected for any of the following criminal-related offenses that are found on the criminal background check:
- Any Felony convictions or pending convictions within the last 5 years involving crimes against persons, drug manufacturing related, theft, and crimes against property.
- Any Misdemeanor convictions or pending convictions within the last 5 years involving crimes against persons, drug manufacturing related, theft, and crimes against property.
- The following crimes will always result in an automatic denial:
- The unlawful distribution, manufacturing, dispensing, or sale of a material, compound, mixture, or preparation that contains methamphetamine, as described in section 18-18-405;
- The unlawful possession of materials to make methamphetamine and amphetamine, as described in section 18-18-412.5;
- Any offense that required the prospective tenant to register as a sex offender pursuant to section 16-22-103; or
- Any offense described in part 1 or part 6 of article 3 of title 18. (homicide and stalking)
- We are not required to rent to any person whose tenancy would constitute a direct threat to the health or safety of other individuals or whose tenancy would result in substantial physical damage to the property of others.
Credit Screening:
- Non-subsidy Applicants: Credit screening is limited to the past 7 years. As permitted by federal, state, and local law, credit report is obtained for each applicant. An unsatisfactory credit report will result in the requirement of an additional security deposit, the requirement of a guarantor, or denial. An unsatisfactory credit report means a report that lacks established credit or contains current or recent bad debts (excluding student loans and medical debt), late payments, liens, judgements, foreclosures, or bankruptcies. Credit score approval is determined on a property-by-property basis.
- Subsidy Applicants: For applicants that receive a housing subsidy as defined by § 38-12-902(1.7), C.R.S, credit, lack of credit and/or Adverse credit events will not be inquired about or considered for applicants receiving a housing subsidy.
Denial of Application: Should the application be denied, Boardwalk Property MGMT will notify the applicant about the reason for denial. The applicant has the right to dispute the accuracy of the consumer report.
Acknowledgment: By signing below, the applicant acknowledges that they have reviewed and understand the qualification criteria, which includes reasons for potential denial. The Applicant consents to all applicable screening. By providing an email address or phone number, the applicant voluntarily consents to receiving communications regarding application status, marketing materials, and promotional offers via email, phone call, or text message.
Boardwalk Property Mgmt. (Property/Owner/Agent) supports Equal Housing Opportunity, and the Fair Housing Act as amended, a federal law applicable in all states, prohibiting discrimination in housing on the basis of race, color, religion, sex, national origin, familial status or disability. In addition, states and localities may have ordinances offering additional protections from discrimination in housing. Boardwalk Property Mgmt. (Property/Owner/Agent) complies with all federal, state, and local laws and ordinances and does not discriminate based on any federal, state or locally protected characteristics.