Only Applicable to New Applicants:

Rental Criteria


Criminal History: The following items (but not limited to) are an automatic declined application:
-          Felony charge in the last 5 years- Decline
-          Meth & Amphetamine-Related Offenses- Decline
-          Sex Offender-Related Offenses- Decline
-          Homicide & Stalking-Related Offenses- Decline
-          Listed Terror Watch List - Decline
-          Violent Misdemeanor in last 5 years- Decline

Credit History: The following items (but not limited to) will be considered for approval of application and can result in a declined status or additional deposit and/or guarantor. Please note, we do not take into consideration medical or educational debt :
-          Outstanding Mortgage debt in the last 7 years - Decline
-          More than $5000 in open collections (non medical or educational) - Decline
-          1 or more evictions in the past 7 years - Decline
-          Utility debt (electrical, water and or gas), property rental debt, no credit - Additional deposit with proof of payment
-          Income is less than 3 times the monthly rent - Guarantor Required


The printed portions of this form, except differentiated additions, have been approved by the Colorado Real Estate Commission. (BDT20-5-09) (Mandatory 7-09)
DIFFERENT BROKERAGE RELATIONSHIPS ARE AVAILABLE WHICH INCLUDE LANDLORD AGENCY, TENANT AGENCY OR TRANSACTION-BROKERAGE.


Explanation of Charges

Application Fee

$16.25 - Paid to First Advantage for Screening Report

$33.75 - 2 hours of time for Cornerstone Employee to run application

$50.00 - Total (Per Applicant)

Holding Fee

$150 – Vacancy Loss for 5 Days ($30/daily rent x 5 days of rent)

If approved, you will be required to sign your lease within 5 days (120 hours) of application submission and the Holding Fee is only refundable if you are not approved. If after approval, you fail to sign your lease within the allotted time (5 days/120 hours of application submission), the application will be cancelled, the apartment will be returned the market and the Holding Fee is non refundable and retained by Cornerstone to offset Cornerstone for its damages for being unable to market the unit while your applicant was being processed.

If the application is cancelled due to missing information on the application the holding fee is non-refundable.  

The Holding Fee is refundable within 20 days if the application is declined.

Applicable to All Residents:

BROKERAGE DISCLOSURE TO TENANT DEFINITIONS OF WORKING RELATIONSHIPS

For purposes of this document, landlord includes sublandlord and tenant includes subtenant.

Landlord´s Agent: A landlord´s agent works solely on behalf of the landlord to promote the interests of the landlord with the utmost good faith loyalty and fidelity. The agent negotiates on behalf of and acts as an advocate for the landlord. The landlord´s agent must disclose to potential tenants all adverse material facts actually known by the landlord´s agent about the property. A separate written listing agreement is required which sets forth the duties and obligations of the broker and the landlord.

Tenant´s Agent: A tenant´s agent works solely on behalf of the tenant to promote the interests of the tenant with the utmost good faith, loyalty and fidelity. The agent negotiates on behalf of and acts as an advocate for the tenant. The tenant´s agent must disclose to potential landlords all adverse material facts actually known by the tenant´s agent, including the tenant´s financial ability to perform the terms of the transaction and, if a residential property, whether the tenant intends to occupy the property. A separate written tenant agency agreement is required which sets forth the duties and obligations of the broker and the tenant.

Transaction-Broker: A transaction-broker assists the tenant or landlord or both throughout a real estate transaction by performing terms of any written or oral agreement, fully informing the parties, presenting all offers and assisting the parties with any contracts, including the closing of the transaction, without being an agent or advocate for any of the parties. A transaction-broker must use reasonable skill and care in the performance of any oral or written agreement, and must make the same disclosures as agents about all adverse material facts actually known by the transaction-broker concerning a property or a tenant´s financial ability to perform the terms of a transaction and, if a residential property, whether the tenant intends to occupy the property. No written agreement is required.

Customer: A  customer  is a  party  to  a  real  estate  transaction  with  whom  the  broker  has no  brokerage  relationship because  such  party  has  not engaged or employed the broker, either as the party´s agent or as the party´s transaction-broker.
 

RELATIONSHIP BETWEEN BROKER AND TENANT

Broker and Tenant referenced below have NOT entered into a tenant agency agreement. The working relationship specified below is for a specific property described as:       N/A      or real estate which substantially meets the following requirements:                           apartment unit for rent      .
Tenant understands that Tenant shall not be vicariously liable for Broker´s acts or omissions that have not been approved, directed, or ratified by Tenant.

CHECK ONE ONLY:

X Multiple-Person Firm. Broker,  referenced  below,  is  designated  by  Brokerage  Firm  to  serve  as  Broker.  If  more  than  one  individual  is  so designated, then references in this document to Broker shall include all persons so designated, including substitute or additional brokers. The brokerage relationship exists only with Broker and does not extend to the employing broker, Brokerage Firm or to any other brokers employed or engaged by Brokerage Firm who are not so designated.

__One-Person Firm. If Broker is a real estate brokerage firm with only one licensed natural person, then any references to Broker or Brokerage Firm mean both the licensed natural person and brokerage firm who shall serve as Broker.

CHECK ONE BOX ONLY:

X Customer. Broker is the landlord´s agent and Tenant is a customer. Broker is not the agent of Tenant. Broker, as landlord´s agent, intends to perform the following list of tasks: X Show a property X Prepare and Convey written offers, counteroffers and agreements to amend or extend the lease.

__Customer for Broker´s Listings - Transaction-Brokerage for Other Properties. When Broker is the landlord´s agent, Tenant is a customer. When Broker is not the landlord´s agent, Broker is a transaction-broker assisting in the transaction. Broker is not the agent of Tenant.

__Transaction-Brokerage Only. Broker is a transaction-broker assisting in the transaction. Broker is not the agent of Tenant.
If Broker is acting as a transaction-broker, Tenant consents to Broker´s disclosure of Tenant´s confidential information to the supervising broker or designee for the purpose of proper supervision, provided such supervising broker or designee shall not further disclose such information without consent of Tenant, or use such information to the detriment of Tenant.
 

THIS IS NOT A CONTRACT.

If this is a residential transaction, the following provision shall apply:

MEGAN´S LAW. If the presence of a registered sex offender is a matter of concern to Tenant, Tenant understands that Tenant must contact local law enforcement officials regarding obtaining such information.