Tenant Approval Policy & Application Process

We follow all federal, state, and local fair housing laws, including Colorado's Source of Income protection laws. Here’s how we approach rental applications:

General Requirements:

• All adults (18+) must complete a separate application and pay a separate application fee.
• An incomplete application will delay processing and may result in another applicant being approved while we wait.
• Once complete, we typically process applications within 3–5 business days.
• If your application is passed over due to another being approved first, your application remains active and transferrable to another property for 30 days at no additional charge. We will run a new background check prior to signing lease at no charge.

Application Holds and Lease Execution:

• If approved, you’ll be sent a lease and must sign it and pay your security deposit within 24 hours 
• We hold the unit temporarily during this time, but it remains active on the market until everything is received.

Credit & Security Deposit:

• We require an average credit score of 650 across all adult applicants.
• In some cases, we may approve using one applicant’s score if they meet all other criteria.
• Qualified applicants pay a standard deposit of 1.5x one month’s rent.

Income Verification:

• Total household income must be at least 2x the monthly rent.
• Employed: Last 2 pay stubs or signed job offer.
• Self-Employed: Last year’s tax return + 2 months of bank statements.
• Retired: Recent retirement statement showing 12 months of reserves.
• Disability/Child Support: Verification documentation + 2 months of bank statements.

Co-Signers:

• Co-signers must have a credit score of 650 and 2 times rent in income
• Co-signers are financially responsible for the entire lease.

Rental History:

• Two years of verifiable rental or residency history are required.
• Applications may be denied for:
• Past evictions (within 7 years)
• Lease defaults
• NSF charges
• Repeated late payments
• Outstanding landlord debt

Criminal History:

• We evaluate criminal history on an individualized basis per Colorado law.
• Failure to disclose convictions or pending actions is grounds for denial.
• Applicants with serious convictions (e.g., violent crimes, meth charges, sex offenses) may be denied based on severity and recency.

Housing Vouchers & Rental Assistance:

• We welcome voucher holders and comply with Colorado’s Source of Income protection.
• Your application is not considered complete until all required documents AND a scheduled inspection with our office are confirmed.
• Income requirements apply only to the tenant's portion of rent.
• Credit scores are not considered for voucher-based applicants.

Pet Policies:

• Pets are approved on a case-by-case basis per property owner.
• PetScreening profile and $35 monthly fee required after approval.
• ESA animals must be properly documented through our portal.

Equal Opportunity Commitment:

Longmont Property Group is proud to be an Equal Opportunity Housing Provider. We do not discriminate based on race, color, religion, national origin, sex, familial status, disability, marital status, sexual orientation, gender identity, veteran status, or lawful source of income.

If you have questions about your eligibility or want to learn more, feel free to reach out — we’re happy to walk you through the process!

The Longmont Property Group Resident Benefits Package (RBP) delivers savings and convenient, professional services that make taking care of your home second nature. By applying, Applicant agrees to be automatically enrolled into the required program and pay the applicable cost of $40.00/month, payable with rent.

Total Monthly Payment (Rent + RBP)*

Your RBP shall include all services listed below, subject to property mechanicals or other limitations:

★ HVAC air filter delivery directly to your door approximately every 90 days

★ A resident rewards program that helps you earn rewards for paying your rent on time

★ Credit building to help boost your credit score with timely rent payments

★ $1M Identity Fraud Protection for all adult leaseholders

★ Liability Insurance that meets all lease requirements from an A- rated carrier

Additional benefits provided at no additional cost:

★ 24/7 online maintenance reporting

★ Home buying assistance for when the time is right to buy your “forever” home

★ Online portal that includes access to your account, documents, communication and payment

options

★ Vetted vendor network: we find the providers who are reputable, licensed, and insured

Liability Insurance Requirements and Options:

The Landlord requires Resident to obtain liability coverage of at least $100,000 in property damage and personal liability from an A- rated carrier and to maintain such coverage throughout the entire term of the lease agreement.

Resident is required to furnish Landlord evidence of the required insurance prior to occupancy, at the time of each lease renewal period, and upon request.

To satisfy the insurance requirement, Resident may either (1) be automatically enrolled into the Landlord or Property Manager’s Master Policy that satisfies the coverage requirements as part of the RBP; or (2) obtain alternative liability coverage from an insurer of Resident’s choice that meets the requirements set by the Landlord herein. The option Resident chooses shall not affect whether Resident’s lease application is approved or the terms of Resident’s Lease. Resident’s election shall be determined by the actions of the Resident as provided below:

1. Option 1: Master Policy (Automatic Enrollment) – If the Resident does not provide evidence of the required insurance coverage by the Lease commencement date, Resident has elected to be automatically enrolled into an insurance policy as part of the RBP. Coverage will begin on the effective date of Resident’s lease and continue throughout the term of the Lease. The monthly premium for the elected insurance policy is $11.95. Please refer to the evidence of insurance that is supplied by the insurance carrier for additional coverage details.
2. Option 2: Resident Policy (Policy Verification Required) - Resident has elected to find, purchase, and maintain Resident’s policy that satisfies the Landlord’s coverage requirements. Resident must provide evidence of the required insurance coverage by the Lease commencement date. The RBP Fee will be adjusted accordingly.

Visit http://insurance.residentforms.com/ and follow the instructions listed there to provide evidence of the required insurance coverage to your Landlord.

Please be sure that your policy meets the following criteria prior to submitting:

• Policy is purchased from an A- rated carrier
• Policy meets or exceeds the required $100,000 in property damage and personal liability
• Longmont Property Group is listed as additional interest
• Longmont Property Group address is listed as: PO Box 660121 Dallas, TX 75266

It is the Resident's sole responsibility to timely pay premiums directly to the Resident’s insurance provider to avoid cancellation of coverage. If the policy is canceled or lapses at any time during the term of the Lease, Resident shall be subject to a lease violation fee of $25 and agrees to be subsequently enrolled into the policy referenced in Option 1 above.

NOTE: *If you provide your own insurance policy, the RBP cost will be reduced by the amount of the insurance premium billed by Second Nature Insurance Services (NPN No. 20224621). The total monthly cost of the Resident Benefits Package is all-inclusive, and no discounts will be given if any element of the package is unavailable due to a lack of HVAC or another limitation at a specific property, unless stated otherwise in your Resident Benefits Package Lease Addendum. All services are subject to the terms and conditions of the Resident Benefits Package Lease Addendum.