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Updated almost 7 years ago on . Most recent reply

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Victoriya Mints
  • Duvall, WA
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Screening for co-applicants - please advise

Victoriya Mints
  • Duvall, WA
Posted

I am new landlord and would appreciate some advice. I have a young engaged couple with her child who are interested in renting my home. During the showing, they said they can meet the income criteria of 3X/income jointly but her credit score is bad and she asked if I can use /run just his credit score. We talked about signing them as co-applicants on a rental agreement since neither one of them meets criteria individually (he has low income but high credit score and she has sufficient income but low credit score). I am running both of their background checks and income verifications, and his credit score. Legally, can I reject them if they are co-applicants on the lease if they jointly meet my rental criteria? Thanks so much in advance.

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Max T.
  • Investor
  • Philadelphia, PA
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Max T.
  • Investor
  • Philadelphia, PA
Replied

Run both credit scores and dig into the history of why her's is low. Irresponsible financial history = reject.

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