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In Colorado, a rental application is a form used to screen potential tenants to see if they are financially fit and responsible enough to be ideal tenants. Typical information collected from a rental applicant includes name, full address, social security number, and income information.
Though these applications require such sensitive information, they are necessary to gather information on applicants to get an in-depth and uniform look into every applicant’s financial situation and background. A rental application also protects applicants, ensuring that the same information is being collected from everyone.
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The Colorado rental application allows landlords to verify a prospective tenant's background information and credit history before signing a lease agreement. In Colorado, there is no maximum for an application fee (the landlord may ask for any amount), as long as the entire fee is used for actual expenses incurred by the landlord and is comparable to the fee charged to other prospective tenants.
Colorado landlords may ask tenants for any amount as a security deposit; there is no limit.
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The rental application should include the following sections:
Apartment Association of Metro Denver (AAMD)/Renters' Rights and Assistance
According to Colo. Rev. Stat. §§ 38-12-102 to 38-12-104, there are no limits on the amount that a landlord may request as a security deposit from a tenant. However, a landlord must return that deposit, less any fees (such as damages) to the tenant no later than 30 days after the termination of a lease.
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