Ready to Apply?

Important documents to read regarding our policies and rental qualifications:

• Pet Policy
• Criminal Policy
• Co-signer Policy
• Proof of Income Requirements
• TransUnion ResidentScore Criteria

Before You Get Started

Please make sure and read the qualifications below.

There is a point in the application where you will need to upload information such as a Picture of your ID or Drivers’ License, pay stubs, or bank statements into the system.

It would be helpful for you to have any information you think we will need available to upload.

(Please note the approval process may take  3 – 5  business days, provided you include all the required documents with your application)

If your animal is an emotional support animal, please provide a letter from a healthcare professional stating your need for the ESA. This letter must also state the name and breed of your ESA.

If your animal is a service dog, please answer the following questions in your application:

• Is the dog a service animal required because of a disability?
• What work or task has the dog been trained to perform?

 

Here’s What You Need to Know

(1) All occupants, 18 years of age and older, who will reside at the property must submit a separate application.

(2) Unauthorized occupants and subleasing (including but not limited to Airbnb and VRBO) are STRICTLY PROHIBITED.

(3) The first person to pay the deposit and fees will be able to move forward with a lease. You must be approved to pay the deposit and fees.

(4) No application fee!

(5) The maximum allowable number of occupants per unit is 2 individuals per bedroom.

(6) Move-ins more than 20 business days after the lease signing must be approved in writing by the Property Manager before the lease signing.

(7) The first month’s prorated rent is due before move-in. The monthly rent is due on the 1st of the month after that.

(8) A $199 one-time administration fee will be required along with the security deposit. This is a one-time, non-refundable fee and is a single charge per lease for the whole group.

 

Approval Criteria (Rental Qualifications)

Favorable Rent History

Any negative rental history can disqualify any prospective resident’s application. Including but not limited to any Evictions and outstanding debt to a previous landlord.

Show the Ability to Pay (Favorable Work History)

Currently, a minimum of two (2) times the monthly rent in net income.

• NOTE: We reserve the right to adjust this minimum based on the number of applicants’ liabilities.

An offer letter or intent to hire letter should be submitted if employment has not started. 

The bank link feature within the application will NOT be sufficient for applicants that are Business Owners, Self-employed, 1099 Contractors, or Paid in Cash. A total of 6 months of bank statements must be e-mailed to support@friendmily.us

• If moving over 1 hour away from your current residence, we will require verification that there will be no change to your current income.

• We do not accept unemployment (except in the state of Colorado), student loans, or financial aid as income.

Credit Scoring

A credit report will be obtained on all applicants to verify credit ratings.

Income plus verification of credit history will be entered into a credit scoring model to determine rental eligibility and security deposit levels.

• This credit scoring model will include positive and negative payment history for lines of credit, usage of credit, credit history, credit availability, inquiry history, and student loans.
• Unfavorable accounts which will negatively influence this score include, but are not limited to: collections, foreclosures, charge-offs, repossession, absence of credit, and current delinquency.

Open bankruptcies will result in an automatic denial of the application.

Criminal History

A criminal background check reveals no offenses that could lead to safety issues for the home or the neighbors near the home.

We consider the offense type, the offense’s severity, and the length of time since the offense occurred.

Double Deposit Policy

Applications under this section are only considered approved on the condition of delivering a double deposit.

• The household falls under the “Conditional Approval” section based on the property rent amount and the TransUnion Resident Score average.
• If half or more of the combined household is not currently in a lease or mortgage loan.

Refund Policy

The application fee is $0 per person. The application fee is NOT refundable. 

Each person 18 years old or older living in the unit must complete an application. 

If you apply and are approved, but the unit you applied for is no longer available, you may move your application to any available unit you are qualified for. 

Applications are good for 60 days after the submission date.

Administration Fee

The $199 administration fee is a one-time non-refundable fee. 

 

PTSR Disclosure

Important Disclosures Regarding Portable Screening Reports

Your Right to Provide a Portable Tenant Screening Report

Pursuant to Colorado law, as a prospective tenant, you have the right to provide to the landlord (us) a portable tenant screening report, as defined in section 38-12-902(2.5), Colorado Revised Statutes; and

If you (as the prospective tenant) provide the landlord (us) with a portable tenant screening report, the landlord (we) [are] prohibited from:

Charging you (the prospective tenant) a rental application fee; or charging you (the prospective tenant) a fee for the landlord (us) to access or use the portable tenant screening report.

Landlords Right to Be Exempt from Portable Tenant Screening Reports (PTSRs)

While Colorado law gives prospective tenants the right to provide landlords with Portable Tenant Screening Reports, the law also allows landlords to be exempt from the requirement to accept PTSRs if the landlord's application process:

(I) Does not accept more than one application fee at a time for a dwelling unit or, if a dwelling unit is rented to more than one occupant, does not accept more than one application fee at a time from each prospective tenant or tenant group for the dwelling unit; and

(II) Refunds the total amount of the application fee to each prospective tenant within twenty calendar days after written communication from either the landlord or landlord's agent or the prospective tenant declining to enter into a lease agreement for the dwelling unit.

Because the landlord's application process meets these requirements, the landlord is exempt from having to accept PTSRs and therefore does not accept or consider PTSRs as part of the application process.