We are committed to providing the same level of services to our customers seeking rental properties as we offer to those in the market for buying a home. As  experts in their field, We will guide you throughout the leasing procedures and assist you in securing your rental home.Our fees on the rental service will be paid by the tenant and its 10% of the Yearly rental amount of lease  due on signing of the lease. A Colorado Real Estate Commision form must be signed before any service is rendered according to state regulations.

Typical Denver lease types:

The type of lease used in the Denver Metro Area  may vary depending upon the type of building and the conditions under which it is rented. Often, landlords will include riders that may supersede or effectively change language in the lease. It is important to read the riders carefully because they can nullify any clause in the lease agreement. Both parties must sign any riders added to a lease.

Standard Form of Lease

This lease has its stabilized and non-stabilized variation and it is primarily used when renting in rental buildings as opposed to renting in a condominium or in a co-operative. When used for a rent- stabilized apartment, a rent-stabilization rider must be attached to the lease. Under the Rent Stabilization laws, the State of Colorado sets the annual rent increases and the lease is automatically offered for renewal each year

Required Information for Landlords and Building Management Boards

The following is a list of regularly required information by most landlords and building management boards:

  • Letter of Employment: usually a brief statement on employer's letterhead of annual salary, bonuses, position held, and employment start date.
  • Copies of Recent Pay stubs
  • Tax Returns: typically for the most recent two years
  • Financial Statement: a standard statement of Assets and Liabilities should be acceptable
  • Bank Reference Letter or two months of statements confirming status & balance of account(s), and date opened
  • Letter from Current Landlord: reference as to Tenancy history and Rent paying history
  • Good Credit: if your credit is not in good standing, you may require a guarantor
  • Two Business Letters of Reference
  • Personal Identification: a Passport or Driver's License

In addition to the above requirements, it is essential that you prepare the necessary funds before coming on your home-finding trip. Landlords do not usually accept personal or out-of-state checks. We suggest bringing funds equal to one month's rent and a month's security deposit in the form of traveler's checks or enough credit line on a credit card to be converted into certified or bank checks at a local bank.

You should also bring enough funds to cover a Credit Check fee of $25-100 dollars and building application fees that may range from $150 - $500 and possibly even more. These may be paid by personal check.

The broker's fee is due at the time of lease signing, and it should be in the form of certified check, bank check, money order or traveler check. If you are working with us under a corporate relocation program, it is imperative that you further discuss broker's commission with your Halstead Relocation Specialist regarding your company's affiliation with us.

Presenting this information in a timely manner can qualify you as a potentially strong applicant and hopefully give you the advantage in multiple bid situations for the same apartment.

Guarantors - Some landlords may request a lease Guarantor if the prospective tenant does not meet all financial requirements. A Guarantor is an individual that is qualified to guarantee the performance of the tenant. The Guarantor should earn enough income to satisfy the lease in case of default. Such income requirement is usually in the range of 80-100 times monthly rent. Landlords usually request that the guarantor be a family member living in the vicinity of the Denver Metro Area. Guarantors are usually asked to disclose detailed financial information and fill out a credit application as part of the approval process.

Negotiations - In the present rental market, it is quite easy for tenants to have much room for negotiations due to the weak current demand for housing in Denver\, bur ir also depends on the location of the rental.

It is advisable that a tenant receives all promises of repairs and improvements in writing. This may be used as a rent negotiation tool if the tenant decides to pay for some of the costs of improvements. Lease renewal increases can be negotiated prior to signing the lease. It is advisable to consult with a rental agent regarding current market trends.

Short Term Rental Apartments - There is a limited supply of short-term furnished rentals. Prices tend to be much higher than a one-year lease and the supply is limited to the higher end of the market. For unfurnished apartments, tenants may rent furniture for a monthly fee. With basic furniture, the monthly cost of a rental package is about $400.00 per month for a one-bedroom apartment. As a general rule of thumb, one can estimate furniture rental costs as approximately 20% of the apartment rent. Your agent can supply you with a list of reputable furniture rental companies.

 

We strongly suggest that you do not begin your search any sooner then 4-6 weeks prior to your intended occupancy date. If you begin your search too soon, none of the apartments you saw during your home finding trip will be available when you are actually ready to sign a lease. We will work with you in a time efficient manner and will strive to minimize your costs by having just one home finding trip to Denver.

Building Types - There are three types of categories of buildings in which you can rent: a rental building, a cooperative, or a condominium. Each property has its own rules and regulations affecting the time frame in which a tenant will be able to move into the apartment. .

 Postwar are larger buildings than the prewar ones, and they are built after WW2 through the 1970's. Most will have doormen. They can be found on most city blocks constructed of white, red or brown brick.

Modern Buildings are generally built from the 1980's through the present and tend to be either condominiums or luxury rentals. They are mainly hi-rises with doormen and/or concierge services. Many will house a health club and/or pool within the building.

Loft Apartments are usually large open spaces with high ceilings and big windows. They are predominantly located in the downtown neighborhoods of Manhattan and most do not have doormen.

Brownstones or Townhouses are usually 4 to 6 stories high and are either single-family homes or have been converted into multiple apartments (usually one per floor). Generally, these buildings offer a lot of charm with wood moldings, fireplaces and outdoor space, however they do not have doormen.

Walk-up buildings are no more than 6 stories high and have no elevator and no doorman

Studio is one or two rooms combining a living room and sleeping area. The kitchen may be within the same room or separate.

Alcove Studio (or L-Shaped) is a one or two room studio with a separate alcove which could be "walled off" and used as a sleeping area.

Convertible (or flex) is an apartment with either an alcove that can be "walled off" to create an additional bedroom, or whereby the living room is large enough to split, making an additional bedroom while still retaining some of the living room space.

Junior is similar to a convertible in that it is typically an apartment with an alcove adjacent to the living room.

Duplex or Triplex are apartments with two or three floor levels respectively.

Loft Area is an additional space created in apartments with very high ceilings. The loft area is usually constructed above the living room, accessible by a staircase or ladder and typically used for storage or sleeping space