Tenant Qualifications

Coldwell Banker uses Tenant Tracker, a nationally based service that screens potential tenants criminal history, residential history, and credit history. Pursuant to Property Code Section 92.3515, these Tenant Selection Criteria are being provided to you. The following constitute grounds upon which Landlord will be basing the decision to lease the Property to you. If your application is denied based upon information obtained from your credit report, you will be notified.

Automatic Denials:
1. If the applicant is a registered sex offender.
2. If the applicant has been convicted of a violent crime or drug charges within 2 years.
3. Any kind of domestic abuse convictions within the past 5 years.
4. Two (2) or more DWI’s within two (2) the past years.
5. Applicants that have not kept previous properties clean and sanitary.
6. More than 1 Eviction within 2 years and applicant chooses not to pay risk mitigation fee.
7. Failure to Provide Accurate Information in Application: Your failure to provide accurate information in your application or your provision of information that is unverifiable will be considered by Landlord when making the decision to lease the Property to you.

Approval with modified conditions:
1. If the applicant does not have sufficient rental history.
2. If their income is not 3 times the amount of rent.
3. Evictions over 3 years old.
4. Low credit scores or outstanding debt that exceeds $750.00
5. Pets that are on the dangerous breed list.

1. Criminal History: Landlord will perform a criminal history check on you to verify the information provided by you on the Lease Application. Landlord’s decision to lease the Property to you may be influenced by the information contained in the report.
2. Previous Rental History: Landlord will/may verify your previous rental history using the information provided by you on the Lease Application. Your failure to provide the requested information, provision of inaccurate information, or information learned upon contacting previous landlords may influence Landlord’s decision to lease the Property to you.
3. Current Income: Landlord may ask you to verify your income as stated on your Lease Application. Depending upon the rental amount being asked for the Property, the sufficiency of your income along with the ability to verify the stated income may influence Landlord’s decision to lease the Property to you.
4. Credit History: Landlord will obtain a Credit Reporting Agency (CRA) report, commonly referred to as a credit report, in order to verify your credit history. Landlord’s decision to lease the Property to you may be based upon information obtained from this report. If your application is denied based upon information obtained from your credit report, you will be notified.
5. Failure to Provide Accurate Information in Application: Your failure to provide accurate information in your application or your provision of information that is unverifiable will be considered by Landlord when making the decision to lease the Property to you.

In addition to the information provided by Tenant Tracker, we will also ask you for the following:

Current Income: We will ask you to verify your income as stated on your Lease Application. Depending upon the rental amount being asked for the Property, the sufficiency of your income along with the ability to verify the stated income, may influence Landlord’s decision to lease the Property to you.Income should be a minimum of 3 times the rent and verified by the employer through pay stubs, tax returns, and/or bank statements. Self-employed income may also be verified with a CPA-prepared financial statement or tax return. Your employment history should reflect at least 6 months with your current employer. Transfers or relocations must have correspondence showing an accepted job offer.

Hourly employees must be able to show six months of 40 hours or consistent over time. Otherwise, we will use a 30-hour workweek to income qualify.

Income from military, disability, Social Security, child support, or other benefits must have copies of award letters provided with the application showing amounts and dates of benefits.owing:

Your failure to provide accurate information in your application or your provision of information that is unverifiable will be considered when making the decision to lease the Property to you.

If you have any questions, give us a call at 806-784-3271 or email us at leasing@cblubbock.com.

Second Chance Leasing

We understand that not everyone has perfect credit. Therefore, Coldwell Banker Property Management offers Second Chance Leasing to tenants who may be approved for leasing by paying additional fees that help offset the monetary risk for the owner of the home. In addition to 1st months rent, admin fees, pet fees (where applicable), and security deposits, the tenant may pay the following risk mitigation fees:

$250 Risk Mitigation Fee – If your debt is $750-$1499, you will be required to pay the $250 risk mitigation fee upfront.
$500 Risk Mitigation Fee – If your debt is $1500 or above, a $500 risk mitigation fee is required upfront.
Prior Eviction Fee – If you have had a prior eviction within the last 3 years of applying with CBRPM, you will be required to pay a Prior Eviction Fee of the greater amount of (2) times the amount of rent or $1000. This fee must be paid out within 2 months from the date of application.

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