Coldwell Banker Elite (hereinafter referred to as CBE) does business in accordance with the Fair Housing Act and does not discriminate on the basis of Race, Color, Sex, Religion, National Origin, Disability, Familial Status, Elderliness or any other Protected Basis.
CBE is the managing agent for many separate owners; therefore, policies at each property may vary depending on the particular owner’s preference.
CBE will not rent to an applicant under the age of 18, unless otherwise specified by Fair Housing Laws. Guarantors must be 21 years of age or older.
Income You must have verifiable income that is at least 3 times the amount of rent in gross income.
Employment You must be presently employed with job history that includes at least 2 years of stable income.
Rental All prior lease agreements must have been fulfilled. You must have had no more than 1 late payment and no more than 1 insufficient funds recordation in the past 6-month period. You must not owe money to another rental property. Your rental references reflecting the last 3 years must be favorable.
Credit Your credit history must not have judgements, bankruptcies, foreclosures, repossessions, write-offs or collections within the last 12 months. Applicant(s) with a credit history reflecting evictions will be denied. A minimum score of 550 is required. However, each Property Owner may establish their own credit requirements. You must have no federal tax liens. Total past due debt cannot exceed $5,000.00, excluding medical and student loan debt.
Convictions Certain felony convictions against you or other proposed occupants of your dwelling may disqualify you.
Application Each applicant must fully complete this application package and pay a non-refundable $50 fee (per applicant) and Application Deposit in separatecertified funds (Cashier’s check or money order). The number of occupants in your rental dwelling may not exceed two persons per bedroom. CBE prohibits the rental of a single-family dwelling unit to more than three (3) unrelated adults.
Insurance Proof of a renter’s Liability Insurance policy for a minimum of $100,000.00 coverage will be required prior to move-in for the entire lease term. CBE must be listed as an interested party to ensure CBE receives all pertinent insurance updates. All pets must be insured as well. This coverage will remain in effect for your lease term and a certificate of insurance retained in our files.
Any false information on the application AUTOMATICALLY DISQUALIFIES the applicant(s).
Please fill out the application completely and submit the required documentation and certified funds. Processing of Application/s includes Credit Check, Employment, and Background and Landlord Verifications. Processing a Rental Application may take up to five business days depending on the property owner’s location and the application requirements & information received for processing. All Rental Application information must be complete and verifiable. Incomplete forms will prevent processing. Sometimes approval of Homeowners or Condo Associations, Property Owners, or unavoidable circumstances may cause processing to take longer. While CBE will make reasonable efforts to verify the information provided and will attempt to contact the applicant if there is a delay in verification, incomplete or unverifiable information may result in declining a Rental Application. Upon completion of processing the applicant will be notified immediately that the Rental Application has been approved or declined. Please also submit a copy of your client’s valid DMV Issued Driver’s License or DMV Issued ID Card with the application(s).
Agents, please include your business card in order to be compensated. Please also submit a copy of your client’s valid DMV Issued Driver’s License or DMV Issued ID Card with the application/s. You will need a copy of all items in the below checklist for your brokerage/DTR to receive compensation. There will be a $25 fee for any requested copies from CBE PM office.
Rental Applications from other applicants are accepted until a Rental Application is approved. CBE cannot guarantee that any home viewed will still be available by the time the Rental Application is processed. Because of the fiduciary relationship CBE has with Property Owners, if more than one Rental Application is submitted before approval can be achieved, then the most qualified applicant will be approved for placement. Remaining qualified applicants may consider other properties available from CBE’s rental list without paying an additional application fee within 30 days.
Fair Housing Policy
Coldwell Banker Elite is absolutely committed to compliance with fair housing laws. Fair housing laws do not require equal Treatment of all persons. Instead, they require that persons may not be discriminated against because of race, color, religion, national origin, sex, elderliness, familial status or disability. Under federal fair housing laws, it is legal and permissible for rental housing owners to treat persons differently for reasons other than those listed above reasons including, but not limited to, rental history, credit history, criminal history, employment history, and income. Local fair housing ordinances may include additional classes not protected under federal law, but may not eliminate or change federally protected classes.
Persons Per Bedroom
As per guidance from the United States Department of Housing and Urban Development (“HUD”), maximum occupancy is two persons per bedroom. Persons under two (2) years of age are not included in the count. CBE prohibits the rental of a single-family dwelling unit to more than three (3) unrelated adults. However, some city and county municipalities and/or Homeowners Associations prohibit more than two (2) unrelated adults to reside in a single family dwelling unit, in which case CBE will follow the prevailing community guideline. Applicants must qualify for the amount of rent as outlined in the Income Requirements section.
“Unrelated adults” are those persons who are not related to each other by blood or marriage or legal adoption.
A Rental Application is required for each adult, eighteen years of age or older, intending to occupy the Premises. A clear and readable photo identification issued by a State Department of Motor Vehicles must be presented with each Rental Application. Each Rental Application must be filled out completely and signed by the applicant. If the applicant is applying to rent a home governed by a Condominium or Homeowners Association, the applicant may be required to submit a separate Rental Application and/or fee to the Association for processing and approval.
APPLICANT RELEASE & CONSENT: Applicant(s) hereby understand the application screening process, and release & consent to Coldwell Banker Elite through its designated agent, broker, Landlord, and its employees, to obtain and verify my credit information, criminal information, and/or eviction information, to the credit agency and to Coldwell Banker Elite and its, owners, Landlord, credit worthiness in renting a property. Applicant further agrees to indemnify and hold harmless, Coldwell Banker Elite from any and all claims in regards to decisions, denials, claims, liability determining whether or not to lease a rental property to me based on the rental application, payment history and occupancy history for account review purposes and for improving application review methods.
By clicking the link below, this is to certify that the Applicant/s has received and reviewed and understood the Coldwell Banker Elite rental guidelines for the tenant selection requirements. And hereby; acknowledge our permission by clicking the link below and proceeding to the application.