Application Criteria
Application Criteria:
Please be prepared to pay the application fee as outlined in the property listing. In addition to this rental application, you will also be required to provide a copy of a valid form of identification and proof of income.
To complete this rental application, you must be prepared to provide 3 years of residential history as well as contact information for your rental references. You will also be asked to provide information on your monthly income, and please note that most properties require that applicant combined gross income is at least three (3) times the monthly rent amount.
Each resident over the age of 18 must submit a separate rental application.
Applicant Selection Guidelines and Criteria
RK Real Estate Services LLC strives to maintain the highest standards in Applicant selection for its properties. The following criteria have been standardized as a part of the selection process. All occupants over 18 must complete an application and be on the lease as a responsible party.
In the event that the application is approved, applicant has 1 business day to execute lease agreement and remit certified funds, after which time, landlord will process next application in line, which may result in applicant losing right to lease property and forfeit of application fee. If applicant refuses to sign a lease agreement and occupy the premises, for any reason, the landlord shall retain application fee as liquidated damages for the loss opportunity to rent to others and other expenses incurred by the applicant refusal. If application is processed and background check results in material issues that were not disclosed in the Application, application fee will be forfeited by applicant. Lease Agreement/docs are available for Applicant to review upon request once application is approved.
Move in must be scheduled within 14 days of acceptance of application or within 14 days of the posted available date, whichever is sooner.
Income
Applicant must provide proof of gross 3x monthly rent in combined household income to be considered for lease. Acceptable forms are official company issued paycheck stubs, verifiable job offer on company letterhead, or verifiable affidavit of salary on company letterhead.
Self employed applicants must supply the previous year's tax returns for proof of income. Company taxes must be accompanied with official proof of ownership (i.e. from licensed accountant, a business license, or copies of 1099 income statements)
If a home accepts Housing Vouchers, Housing Voucher applicants can use the voucher to reduce the rent to the applicants' portion of responsibility. Housing Voucher applicants must gross 3x monthly this amount. (i.e. Regular rent $1000 Voucher is $400 Applicant responsibility is $600 income must gross $1800)
Relocating Applicants must provide verifiable documentation of employment and income in Colorado.
Unemployed/Retired/Students applicants may supply the previous year's tax returns for proof of income, proof of student loans scheduled for disbursement during the lease term, statement of SSI, pension or other retirement disbursements.
If Applicant does not meet this guideline, they may put down 2x security deposit, assuming their combined gross monthly income exceeds 2x monthly rent. If Applicant is unable to meet either of these guidelines, they may opt to have a suitable co-signer execute the lease agreement jointly. Full credit and background check will be performed on co-signer, who must also meet the aforementioned criteria.
Credit
Applicant must have a credit score of 550 or above to be considered for lease. If Applicant does not meet this guideline, and if RK Real Estate Services LLC deems Applicant as trustworthy and able to make rent payments, the Applicant may put down 2x security deposit. If Applicant is unable to meet either of these guidelines, they may opt to have a suitable co-signer execute the lease agreement jointly. Full credit and background check will be performed on co-signer, who must also meet the aforementioned criteria.
Criminal
RK Real Estate Services LLC will not lease to past sex offenders, or felons as listed in this criteria. A criminal background check will be conducted for each applicant. We do not accept co-signers or payment of lease value in full in lieu of fulfilling criminal history criteria.
• A conviction, guilty plea or no-contest plea, at any time for: any felony involving serious injury, kidnapping, death, arson, rape, sex crimes and/or child sex crimes, extensive property damage or drug-related offenses (sale, manufacture, delivery or possession with intent to sell) Class A/Felony burglary robbery; or
• A conviction, guilty plea or no-contest plea, where the date of disposition, release or parole have occurred for: any other felony charges; or
• A conviction, guilty plea or no-contest plea, where the date of disposition, release or parole have occurred for: any misdemeanor or gross misdemeanor involving assault, intimidation, sex related, drug related (sale, manufacture, delivery or possession) property damage or weapons charges; or
• A conviction, guilty plea or no-contest plea, where the date of disposition, release or parole have occurred for: any Class B or C misdemeanor in the above categories, or for misdemeanors involving Criminal Trespass I, theft, dishonesty or prostitution shall be grounds for denial of the rental application.
• Pending charges or outstanding warrants for any of the above will result in a suspension of the application process until the charges are resolved. Upon resolution, if an appropriate unit is still available, the processing of the application will be completed. No property will be held awaiting resolution of pending charges.
Bankruptcy
Applicant shall not be in personal or business bankruptcy, nor shall be contemplating such bankruptcy to be considered for lease. If Applicant is currently in bankruptcy proceedings, RK Real Estate Services LLC may consider waiving this criteria with 2x security deposit, as well as a letter from Applicant's attorney stating they will not add RK Real Estate Services LLC as additional creditor in this or future bankruptcy proceedings.
Pets
Applicant shall not have pets generally or legally considered to be a vicious breed. Notwithstanding the previous, RK Real Estate Services LLC reserves right to not rent to tenants with pets, or limit the number of pets.
Eviction
If Applicant has been involved in eviction in the previous 12 months; RK Real Estate Services LLC may refuse to lease property to Applicant, or may require 2x security deposit and/or suitable co-signer.
Occupancy
Applicant understands that no more than 3 unrelated parties may share a single dwelling, and no more than 2 occupants may inhabit the same room designated as a bedroom. Rooms not designated as a bedroom may not be used for sleeping.
No Smoking
RK Real Estate Services LLC does not allow any smoking inside of its properties under any circumstance.
In no way will RK Real Estate Services LLC base any decision criteria on factors including Sex, Familial Status, Race, Religion, Creed, National Origin, Disability. State and/or local laws may include additional classes which are protected from discrimination in housing.
