State Bill Aims To Relieve Rental Applicants From Burden Of Multiple Fees
By Tyler Young (March 05, 2018)
GRAND JUNCTION, Colo. – Rental application fees, they can run as high as $50 to $60 dollars and do not have a cap on what a property management can charge.
“We do have a rental application fee of $35. That fee just covers our background checks which in covers credit criteria background check and felony criminal background check”, says Cindy Hoppe a property manager for Bray Property Management.
Every property management company charges an application fee to cover background check costs, with background checks pricing around $32 combined both credit and criminal background check.
“It’s making them fully disclose what their fees are and we’re already doing that”, says Hoppe, “Now, different companies have different fees and they’re probably using different processing companies and the fees will fluctuate based on who you use and how many credit applications you put through a month, that kind of thing.”
Read full story at WesternSlopeNow.com
Colorado landlords would have to limit rental application fees and explain why tenants were rejected under measure
By Jesse Paul (February 26, 2018)
Landlords would be required to tell prospective rental-property tenants more about their application costs and requirements in a measure that passed the Democratic-controlled House on Monday.
House Bill 1127 also seeks to limit rental application charges to the costs of background and credit checks and mandate that landlords spell out to applicants the requirements for approval — such as rental and credit histories and income.
The legislation would also require landlords to provide a written notice to rejected tenants, as well, explaining on what grounds they were turned away. Landlords, under the measure, would also be barred from charging different rental application fees to different applicants and from changing those fees between different properties they might be offering for rent.
Read full story at DenverPost.com
Dems try to ease cost of apartment screenings
By Charles Ashby (February 18, 2018)
DENVER — Landlords who charge for rental screening applications would be restricted on just how much they can charge under a bill the Colorado House is to debate this week.
The measure, HB1127, which has no support from House Republicans so far, is aimed at making it less expensive for low-income people to get affordable housing, said its main sponsor, Rep. Dominique Jackson, D-Denver.
“The fact of the matter is, this is pretty common-sense stuff,” Jackson said. “Everybody knows that we’ve got a massive affordable housing problem. If you can’t even get into a piece of property because you’re paying so much for application screening fees, the bill limits the amount that a landlord can charge to screen a prospective tenant to their actual cost of those screenings.”
Jackson said many people can’t afford to spend money on multiple screenings at different apartments they are considering renting, and then come up with first- and last-month’s rent along with a security deposit.
Rep. Chris Kennedy, D-Denver, who also is sponsoring the bill with Jackson, said he’s hopeful changes to this year’s bill will win the approval from the Colorado Apartment Association with some changes, which haven’t been worked out yet.
By Shaun Boyd (February 12, 2018)
DENVER (CBS4) – Finding an affordable apartment in Colorado is tough enough, but some people are spending hundreds of dollars just to apply for places.
Two state lawmakers say it’s time renters had some rights.
Rep. Dominique Jackson and Rep. Chris Kennedy are carrying a bill that would limit application fees to the actual cost of screening a prospective tenant.
“We talked about whether we wanted to set a specific dollar amount. We decided we did not, that it was okay for the landlords to figure out what those costs were,” said Kennedy.
Lawmakers seek to give renters more rights when applying for an apartment
By John Herrick (February 12, 2018)
Renters looking for a more affordable place to live are spending hundreds of dollars applying for apartments, prompting Democratic lawmakers to set limits on how much landlords can charge for these applications.
A bill to cap apartment application fees cleared the House Finance committee on Monday by a 7-6 vote along party lines. The bill would cap the fee at the actual cost to screen the applicant.
There is no legal limit on how much landlords can charge for applications. Rep. Chris Kennedy, D-Lakewood, a lead sponsor on the bill, said he wants to make sure landlords are not profiting off these fees. He also said renters should have more rights.
“It’s tackling just another facet of the affordability problem,” Kennedy told The Colorado Independent.