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Updated almost 8 years ago on . Most recent reply

User Stats

24
Posts
10
Votes
Monica Marusic
  • Real Estate Investor
  • Baltimore, MD
10
Votes |
24
Posts

Co signer on lease or occupant?

Monica Marusic
  • Real Estate Investor
  • Baltimore, MD
Posted

Good afternoon everyone!  I have a potential tenant who applied a couple of days ago.  She is a 50 or so years old who would afford a 100% or the rent , she has indicated in her application that her daughter (30ish) and granddaughter (11) will be living with her, they are under the occupant section of the application.

This lady has a clean record, good credit score and stable job with the county public school system.  My question is: should I be ok renting the unit with her being the only one responsible for the rent? or should I include her daughter as a co signer in stead of an occupant?

Background, credit and all other checks are being performed now for the daughter, will know the results soon.

Thank you

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