5) Crowne at Briargate Apartments evaluates each person applying to live at its community with a credit-risk scoring system that is provided by an independent consumer reporting agency and consistently applied to all of Crowne at Briargate Apartments' applicants. This scoring system uses a statistical model to estimate the credit risk that an applicant may not satisfactorily fulfill their lease obligations. The statistical model was developed from data regarding actual residents and their payment performance of their lease obligations. Excluding applicants receiving a housing subsidy as defined by C.R.S. § 38-12-902(1.7), prior to final acceptance of each applicant, Crowne at Briargate Apartments will use this system to provide Crowne at Briargate Apartments with a numerical score that represents a relative measure of the credit risk associated with that applicant. Each applicant’s credit-risk score will be compared to Crowne at Briargate Apartments acceptance policies to determine whether or not the applicant may be accepted. If your application is rejected based on your credit-risk score, or accepted with certain additional conditions, you will be advised what factors most adversely affected your score and you will be given the name, address, and telephone number of the consumer reporting agency that provided the credit-risk score to Crowne at Briargate Apartments. An applicant who is rejected based on their credit-risk score, or accepted with certain additional conditions, may obtain a copy of the consumer report(s) on which the credit-risk score was based, and may initiate an investigation to have any erroneous information contained in such reports corrected. The consumer reporting agency will advise you of the actions that you may take in order to do so. If an applicant does not have suffecient credit history to meaningfully measure their credit risk, the applicant may be accepted if they pay a refundable security deposit equal to two-months (2) rent, provided that the applicant meets all other applicable qualifying criteria.
An applicant that has a rental history of skips, excessive damages, or evictions will not be accepted.
If any of the above criteria cannot be met or verified, we retain the option of requiring an additional deposit or guarantor.