Colorado Rental Application 6
Colorado Rental Application 1
Colorado Rental Application 2
Colorado Rental Application 3
Colorado Rental Application 4
Colorado Rental Application 5
Colorado Rental Application 6
Colorado Rental Application 1

Colorado Rental Application

    Colorado rental applications are extremely helpful in guiding property owners to screen their tenant’s history. We’ve designed a simple, legally binding Colorado Rental Application template. It helps the users save their time rather than creating a rental application from scratch. This effectively guides you to filter applicants for renting your property.

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Colorado Rental Application
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Colorado Rental Application

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Life is good in Colorado’s real estate industry. If you are considering getting a rental space in this booming market, you will find the information on this page helpful. As a landlord or manager in Colorado, you can enjoy the benefits of Colorado’s increased equity appreciation of real estate.

This article aims at providing an understanding of Colorado’s rental application form and its individual value to the tenant and landlord.

What is a Colorado Rental Application?

In Colorado, landlords require rental application forms to screen tenants. Landlords conduct screening to determine whether to allow applicants to rent their property. The form requires all applicants to be over 18 years of age.

The rental form provides access to the rental applicant’s name, address, income, and social security number. Landlords use the collected data to gain an in-depth understanding of the applicant’s financial situation and history. The landlord then approves or declines applications based on an applicants’ credibility and financial capability.

Get Our Free Template of Colorado Rental Application

Confused about drafting a Colorado Rental Application? We offer our users a 100% free Colorado Rental Application template so you can create the document easily.

Click below to get your FREE Colorado Rental Application template.

Why is it Important to Have a Colorado Rental Application?

Despite being of great value, most people underestimate the importance of the Colorado form for rental applications. Besides collecting useful details, it can also provide legal protection if used correctly.

  • Screening Applicants: Landlords can use these forms to pinpoint and approve the most valuable applicants before losing them to other landlords. A well thought out rental application form can be instrumental in spotting the best tenants.
  • Familiarizing with Potential Clients: The best rental application template aims at asking the right questions and having proper authorizations. These questions should aim at gaining answers that will help the landlord better understand the applicant.
  • Employment History: Is the applicant in an unstable industry? Do they switch jobs constantly? Are they hesitant to provide a reference from work? If an applicant is a crumbly employee, chances are they could be crumbly tenants as well.
  • Background Check: Background checks, like credit scores, can uncover crucial information about tenancy applicants. Does the applicant have a criminal history, such as theft or vandalism? As a landlord, you don’t want these issues to come up halfway through a lease.
  • Landlord Referrals: This one is huge. It is an obvious indicator of whether the tenancy will work out or not. It involves calling the previous landlord and inquiring about the tenant. Ensure that the tenant was affable, made timely rental payments, and left the apartment in good condition.

What is Included in a Colorado Rental Application?

Other than the applicant’s personal data including name, address, income, and social security number, there are some must-have questions in Colorado’s rental application form. These include:

  • “Have you ever been evicted? If so, name the state and reason for your eviction.”

    This question serves as an indispensable prescreening tool, but also gives applicants a chance for honesty. Honesty speaks volumes about a person’s integrity. If an applicant has a reasonable explanation for the eviction, the landlord can still consider their rental application.

  • “Have you ever been convicted of any crime? If so, kindly explain all offenses.”

    Most forms for rental applications fail to ask this question. Those that do, only inquire about felony convictions. This question helps the landlord determine if a potential tenant is a law-abiding citizen. It also offers the applicant an opportunity for honesty.

  • “How many people will be residing in the property? Kindly state the age of each potential resident.”

    Some renters will stay alone, while others will move in with their families. It is important that the landlord has information about all the people residing in the apartment. This information may not necessarily disqualify an application but will provide vital details.

  • “Do you have any pets or animals?”

    This question, together with several others, helps you understand the applicant’s lifestyle choices. You can also include questions like “Are you a smoker?” or “Are you a musician?" These are significant factors to consider when selecting tenants. They don’t aim at disqualifying applicants but provide vital information about their lifestyle.

  • “Why did you leave your previous residence?”

    The reason for leaving their former residence provides a critical bit of information. The most common reasons include lease expiry and the need to move to a different location or a bigger house. However, you need to look out for some red flags.

    Figure out if an eviction initiated the move, and if the applicant had any altercations with the preceding landlord. They could also be an impulsive person who moves out at a moment’s notice. The idea is to find a tenant who will stay to the end of the lease without any drama.

If an applicant lies in the application form, the landlord should revoke their application immediately. No landlord wants to be financially dependent on a dishonest person.

Regulations in Colorado Governing Rental Applications.

Colorado’s rental law protects tenancy applicants from financial exploitation. It states that the landlord should charge application fees consistent with the form processing costs.

Therefore, all prospective tenants applying for tenancy at the same time should pay the same amount. The total application fees should not exceed the total processing costs incurred.

The landlord must disclose all the expenses to tenancy applicants. He should provide a rundown of their projected screening expenses or a detailed list of their actual expenses. The landlord should refund any unused money to the applicants within 20 days.

Landlords can only look into 7 years of an applicant’s rental and credit history. For an applicant’s criminal history, landlords can only look as far back as 5 years from the application date. For each revoked application, the landlord should notify the applicant within 20 days of application.

Landlords are liable to the applicants if they violate any of these rental application regulations. The penalty for violation is thrice the amount of the rental application fee plus court costs. However, the prospective tenant must notify the landlord at least 7 days before filing a court case. If the landlord fails to correct the violation within that time, the applicant can file a lawsuit.

Get Our Free Template of Colorado Rental Application

Confused about drafting a Colorado Rental Application? We offer our users a 100% free Colorado Rental Application template so you can create the document easily.

Click below to get your FREE Colorado Rental Application template.

Conclusion

Now you know all the details about the Colorado rental application form. You understand its purpose and value. At CocoSign, we offer a wide variety of templates for various types of agreements. Kindly feel free to contact us for great Colorado rental application templates.

DOCUMENT PREVIEW

COLORADO RENTAL APPLICATION

( 1 per applicant)

 

Non-Refundable Fee: $__________

THE PROPERTY

Type (Apt, Home, Condo): ________________ Square Feet (SF): _____________SF Bedrooms: ______ Rent Amount: $_______________/Month

Street Address:

City: ________________ State: ________________ Zip: ________________

Pets? Yes No        Smoking Allowed? Yes No        Parking? Yes No

If Yes, Describe the Parking: ______________________________________________

TENANCY

Type/Length: ____________ Start Date: ____________

APPLICANT DETAILS

Full Name:                                                DOB:                             SSN:

Driver’s License No.                                                Phone:

E-Mail:

Other Occupants? Yes No

If Yes, Describe: ________________________________________________________ Pets? Yes No

If Yes, Describe: ________________________________________________________ Vehicles? Yes No

If Yes, Describe: ________________________________________________________ Ever Been Convicted of a Crime?  Yes No

If Yes, Describe: ________________________________________________________

 

Ever Filed for Bankruptcy?  Yes No

If Yes, Describe: ________________________________________________________ Ever Been Evicted?  Yes No

If Yes, Describe: ________________________________________________________

CURRENT EMPLOYMENT

Company: _____________________ Occupation/Title: _____________________          How Long? ___________ Gross Income: $_____________ (From Prior Year Tax Filing)

Street Address:

City: ________________ State: ________________ Supervisor: __________________

PREVIOUS EMPLOYMENT

Company: _____________________ Occupation/Title: _____________________ How Long? ___________ Gross Income: $_____________)

Street Address:

City: ________________ State: ________________ Supervisor: __________________

CURRENT RESIDENCE

Type (Apt, Home, Condo): ________________ Square Feet (SF): _____________SF Bedrooms: ______ Rent Amount: $_______________/Month

Street Address:

City: ________________ State: ________________ Zip: ________________                How long at this Address? ___________ Current Lease Expiration Date: ___________ Desire for Moving? ______________________________________________________

CURRENT LANDLORD

Name:

Address:

 

Phone:                               E-Mail:

PREVIOUS RESIDENCE - 1

Type (Apt, Home, Condo): ________________ Square Feet (SF): _____________SF Bedrooms: ______ Rent Amount: $_______________/Month

Street Address:

City: ________________ State: ________________ Zip: ________________

Start Date:                         End Date:

PREVIOUS LANDLORD - 1

Name:

Address:

Phone:                               E-Mail:

PREVIOUS RESIDENCE - 2

Type (Apt, Home, Condo): ________________ Square Feet (SF): _____________SF Bedrooms: ______ Rent Amount: $_______________/Month

Street Address:

City: ________________ State: ________________ Zip: ________________

Start Date:                         End Date:

PREVIOUS LANDLORD - 2

Name:

Address:

Phone:                               E-Mail:

PERSONAL REFERENCES

Full Name: ____________________________ Relationship: __________________

E-Mail:                                                            Phone:

 

Full Name: ____________________________ Relationship: __________________

E-Mail:                                                            Phone:

Full Name: ____________________________ Relationship: __________________

E-Mail:                                                            Phone:

FINANCIAL INFORMATION

Bank: _________________ Account # _______________ Routing # _______________ Branch Location ____________________________ Type: Checking Savings

Bank: _________________ Account # _______________ Routing # _______________ Branch Location ____________________________ Type: Checking Savings

Credit Card: _________________ Card # _____-_____-_____-_____ Limit: $________ Visa MasterCard Discover Amex Diner’s Club

Credit Card: _________________ Card # _____-_____-_____-_____ Limit: $________ Visa MasterCard Discover Amex Diner’s Club

Credit Card: _________________ Card # _____-_____-_____-_____ Limit: $________ Visa MasterCard Discover Amex Diner’s Club

CONSENT AND ACKNOWLEDGMENT

I hereby certify that I am at least 18 years of age. Applicant represents that all              information given on this application is true and correct. Applicant hereby authorizes   verification of all references and facts, including but not limited to current and previous landlords, employers, and personal references. Applicant hereby authorizes

owner/agent to obtain any and all Unlawful Detainer, Credit Reports, Tele checks,           and/or Criminal Background Reports. Applicant agrees to furnish additional credit and/or personal references upon request. Applicant understands that incomplete or incorrect    information provided in the application may cause a delay in processing which may         result in denial of tenancy. Applicant hereby waives any claim and releases from liability any person providing or obtaining said verification or additional information.

 

Applicants Signature _______________________ Date _______________

 

CONSUMER DISCLOSURE

I/we, the undersigned, authorize the Landlord and its agents to obtain an investigative consumer credit report including but not  limited to credit history, OFAC search, landlord/tenant court record search, criminal record search and registered sex offender   search. I authorize the release of information from previous or current landlords, employers, and bank representatives. This       investigation is for resident screening purposes only and is strictly confidential. This report contains information compiled from   sources believed to be reliable, but the accuracy of which cannot be guaranteed. I hereby hold Landlord and its agents free and harmless of any liability for any damages arising out of any improper use of this information.

Important information about your rights under the Fair Credit reporting Act:

       You have a right to request disclosure of the nature and scope of the investigation.

       You must be told if information in your file has been used against you.

       You have a right to know what is in your file, and this disclosure may be free.

       You have the right to ask for a credit score (there may be a fee for this service).

       You have the right to dispute incomplete or inaccurate information. Consumer reporting agencies must correct inaccurate, incomplete, or unverifiable information. These reports are being processed by On-Site.com, P.O. Box 1514, Los Altos, CA 94023- 1514, (877) 222-0384. A summary of your rights under the Fair Credit Reporting Act is available by visiting or          writing (Para information en espanol, visite o escribe): http://www.ftc.gov/credit

Consumer Response Center, Room 130-A, Federal Trade Commission, 600 Pennsylvania Avenue N.W., Washington D.C. 20580.

In connection with my application for housing, I understand that the property owner/agent may obtain one or more consumer reports, which may contain public information, for the purposes of evaluating my application. These consumer reports will be obtained from      one or more of the following consumer reporting agencies:

       Equifax, E.C.I.F., P.O. Box 740241, Atlanta, GA, 30374-0241, (800) 685- 1 1 1 1

       Trans Union, Regional Disclosure Center, 1561 Orangethorpe Ave., Fullerton, CA, 92631, (714) 738-3800

       Experian (TRW), Consumer Assistance, P.O. Box 949, Allen, TX, 75002, (888) 397-3742

       On-Site Manager, Inc., P.O. Box 1514, Los Altos, CA, 94023- 1514, (877) 222-0384

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