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**Rental Application Information & Security Deposit Disclosure**
Thank you for your interest in our property.
Please read and complete all sections of the application carefully. If you have any questions, contact us immediately to avoid delays in processing. Each resident 18 years of age or older must submit a separate rental application. Applications must be complete before they will be processed, including applications from all co-occupants. BRC Real Estate reserves the right to request additional or supporting documentation if the information provided is insufficient to evaluate the application. A complete application must include:
* All required fields completed
* A valid government-issued photo ID
* Proof of income or other supporting documentation acceptable to BRC Real Estate in its sole discretion
Applicants receiving housing assistance, rental subsidies, or other programs where their portion of the rent is $0 may enter "N/A" for income and employment-related questions and provide contact information for their assistance provider. Applicants may also enter "N/A" or other applicable information in required fields when necessary to bypass software limitations and proceed through the application process. An application fee of $36.55 per adult applicant must be paid before an application will be processed. Application fees are non-refundable.
Application fees consist of the following actual expenses:
* Credit Screening: $18.00
* Criminal Background Screening: $12.00
* Identity Verification: $5.00
* Application Processing and Staff Administrative Time: $10.00
Please note that most properties require the combined gross household income of all applicants to be at least two (2) times the monthly rent amount. Applications will not be processed until all required documentation, signatures, and applicable application fees have been received.
Security Deposit Disclosure
The required security deposit is determined based on the applicant's credit screening results and may range from one (1) month's rent to one and one-half (1.5) month's rent. Deposit requirements are assessed using consistent screening criteria, including but not limited to credit history, rental history, income verification, and overall application qualifications.
Security deposit requirements are as follows:
• Credit Score 625 and above: Security Deposit equal to advertised security deposit
• Credit Score 575–624: Security Deposit equal to 1 months' rent or Alternative Security Deposit Program
• Credit Score 550–574: Security Deposit equal to 1.25 months' rent or Alternative Security Deposit Program
• Credit Score 535–549: Security Deposit equal to 1. months' rent or Alternative Security Deposit Program
• Credit Score 534 and below: Applicant must enroll in and maintain participation in the property's approved Alternative Security Deposit Program as a condition of approval.
For applicants requiring a guarantor, the guarantor must meet the following credit requirement:
• Credit Score 700 and above: Approved
• Credit Score 699 and below: Does not meet guarantor qualification criteria
By proceeding with the application and/or lease agreement, you acknowledge and understand that:
• Security deposit requirements are based on the results of the application screening process.
• Applicants may be required to provide an approved guarantor based on their screening results.
• The security deposit is refundable in accordance with the terms of the lease agreement and applicable state and local laws, less any lawful deductions.
• Meeting the minimum credit criteria does not guarantee approval, as all applications remain subject to the property's full screening requirements.
**Administrative Fee Disclosure**
All executed leases are subject to a $300.00 administration fee. The administration fee is not charged or owed unless and until the lease term commences. The administration fee is due on the first day of the month immediately following the commencement of the lease term.
Thank you for your interest in our property.
Please read and complete all sections of the application carefully. If you have any questions, contact us immediately to avoid delays in processing. Each resident 18 years of age or older must submit a separate rental application. Applications must be complete before they will be processed, including applications from all co-occupants. BRC Real Estate reserves the right to request additional or supporting documentation if the information provided is insufficient to evaluate the application. A complete application must include:
* All required fields completed
* A valid government-issued photo ID
* Proof of income or other supporting documentation acceptable to BRC Real Estate in its sole discretion
Applicants receiving housing assistance, rental subsidies, or other programs where their portion of the rent is $0 may enter "N/A" for income and employment-related questions and provide contact information for their assistance provider. Applicants may also enter "N/A" or other applicable information in required fields when necessary to bypass software limitations and proceed through the application process. An application fee of $36.55 per adult applicant must be paid before an application will be processed. Application fees are non-refundable.
Application fees consist of the following actual expenses:
* Credit Screening: $18.00
* Criminal Background Screening: $12.00
* Identity Verification: $5.00
* Application Processing and Staff Administrative Time: $10.00
Please note that most properties require the combined gross household income of all applicants to be at least two (2) times the monthly rent amount. Applications will not be processed until all required documentation, signatures, and applicable application fees have been received.
Security Deposit Disclosure
The required security deposit is determined based on the applicant's credit screening results and may range from one (1) month's rent to one and one-half (1.5) month's rent. Deposit requirements are assessed using consistent screening criteria, including but not limited to credit history, rental history, income verification, and overall application qualifications.
Security deposit requirements are as follows:
• Credit Score 625 and above: Security Deposit equal to advertised security deposit
• Credit Score 575–624: Security Deposit equal to 1 months' rent or Alternative Security Deposit Program
• Credit Score 550–574: Security Deposit equal to 1.25 months' rent or Alternative Security Deposit Program
• Credit Score 535–549: Security Deposit equal to 1. months' rent or Alternative Security Deposit Program
• Credit Score 534 and below: Applicant must enroll in and maintain participation in the property's approved Alternative Security Deposit Program as a condition of approval.
For applicants requiring a guarantor, the guarantor must meet the following credit requirement:
• Credit Score 700 and above: Approved
• Credit Score 699 and below: Does not meet guarantor qualification criteria
By proceeding with the application and/or lease agreement, you acknowledge and understand that:
• Security deposit requirements are based on the results of the application screening process.
• Applicants may be required to provide an approved guarantor based on their screening results.
• The security deposit is refundable in accordance with the terms of the lease agreement and applicable state and local laws, less any lawful deductions.
• Meeting the minimum credit criteria does not guarantee approval, as all applications remain subject to the property's full screening requirements.
**Administrative Fee Disclosure**
All executed leases are subject to a $300.00 administration fee. The administration fee is not charged or owed unless and until the lease term commences. The administration fee is due on the first day of the month immediately following the commencement of the lease term.
For Applicants to Properties in Colorado:
Portable Tenant Screening Reports (PTSR):
1) Applicant has the right to provide BRC Real Estate with a PTSR that is not more than 30 days old, as defined in § 38-12-902(2.5), Colorado Revised Statutes; and
2) if Applicant provides BRC Real Estate with a PTSR, BRC Real Estate is prohibited from:
a) charging Applicant a rental application fee; or
b) charging Applicant a fee for BRC Real Estate to access or use the PTSR.
Pursuant to Landlord's rights, if Applicant provides BRC Real Estate with a PTSR:
a) the PTSR must be available to BRC Real Estate by a consumer reporting agency/third-party website that regularly engages in the business of providing consumer reports;
b) 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
c) 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.
Colorado Revised Statute, C.R.S. § 38-12-902(2.5) defines a Portable Screening Report (PTSR), and any PTSR submitted by you must meet the following definition.(2.5) “Portable tenant screening report” or “screening report” means a consumer report prepared at the request of a prospective tenant that includes information provided by a consumer reporting agency, which report includes the following information about a prospective tenant and the date through which the information contained in the report is current:
(a) Name;
(b) Contact information;
(c) Verification of employment and income;
(d) Last-known address;
(e) For each jurisdiction indicated in the consumer report as a prior residence of the prospective tenant, regardless of whether the residence is reported by the prospective tenant or by the consumer reporting agency preparing the consumer report:
(I)A rental and credit history report for the prospective tenant that complies with section 38-12-904
(1)(a) concerning a landlord's consideration of a prospective tenant's rental history; and
(II) A criminal history record check for all federal, state, and local convictions of the prospective tenant that complies with section 38-12-904(1)(b) concerning a landlord's consideration of a prospective tenant's arrest records.
Further, pursuant to C.R.S. § 38-12-904(1.5)(b), landlords may require:
(I) That the screening report was completed within the previous thirty (30) days;
(II) That the screening report is made directly available to the landlord by the consumer reporting agency for use in the rental application process or provided through a third-party website that regularly engages in the business of providing consumer reports and complies with all state and federal laws pertaining to use and disclosure of information contained in a consumer report by a consumer reporting agency;
(III) That the screening report is made available to the landlord at no cost to access or use in the rental application process; and
(IV) A statement from the prospective tenant that there has not been a material change in the information in the screening report, including the prospective tenant's name, address, bankruptcy status, criminal history, or eviction history, since the report was generated.
Pursuant to Landlord’s rights, except for Applicant’s credit history, Landlord requires that any PTSR provided by Applicant meet these additional requirements.
Portable Tenant Screening Reports (PTSR):
1) Applicant has the right to provide BRC Real Estate with a PTSR that is not more than 30 days old, as defined in § 38-12-902(2.5), Colorado Revised Statutes; and
2) if Applicant provides BRC Real Estate with a PTSR, BRC Real Estate is prohibited from:
a) charging Applicant a rental application fee; or
b) charging Applicant a fee for BRC Real Estate to access or use the PTSR.
Pursuant to Landlord's rights, if Applicant provides BRC Real Estate with a PTSR:
a) the PTSR must be available to BRC Real Estate by a consumer reporting agency/third-party website that regularly engages in the business of providing consumer reports;
b) 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
c) 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.
Colorado Revised Statute, C.R.S. § 38-12-902(2.5) defines a Portable Screening Report (PTSR), and any PTSR submitted by you must meet the following definition.(2.5) “Portable tenant screening report” or “screening report” means a consumer report prepared at the request of a prospective tenant that includes information provided by a consumer reporting agency, which report includes the following information about a prospective tenant and the date through which the information contained in the report is current:
(a) Name;
(b) Contact information;
(c) Verification of employment and income;
(d) Last-known address;
(e) For each jurisdiction indicated in the consumer report as a prior residence of the prospective tenant, regardless of whether the residence is reported by the prospective tenant or by the consumer reporting agency preparing the consumer report:
(I)A rental and credit history report for the prospective tenant that complies with section 38-12-904
(1)(a) concerning a landlord's consideration of a prospective tenant's rental history; and
(II) A criminal history record check for all federal, state, and local convictions of the prospective tenant that complies with section 38-12-904(1)(b) concerning a landlord's consideration of a prospective tenant's arrest records.
Further, pursuant to C.R.S. § 38-12-904(1.5)(b), landlords may require:
(I) That the screening report was completed within the previous thirty (30) days;
(II) That the screening report is made directly available to the landlord by the consumer reporting agency for use in the rental application process or provided through a third-party website that regularly engages in the business of providing consumer reports and complies with all state and federal laws pertaining to use and disclosure of information contained in a consumer report by a consumer reporting agency;
(III) That the screening report is made available to the landlord at no cost to access or use in the rental application process; and
(IV) A statement from the prospective tenant that there has not been a material change in the information in the screening report, including the prospective tenant's name, address, bankruptcy status, criminal history, or eviction history, since the report was generated.
Pursuant to Landlord’s rights, except for Applicant’s credit history, Landlord requires that any PTSR provided by Applicant meet these additional requirements.