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Updated almost 6 years ago, 03/29/2019
Criteria for approval with co-tenants
Hello all BPers!
I would like to know if you can share your criteria for income when there are co-tenants? Do you assume each one will need to have ability to pay all the rent, but then the reason they have a co-tenancy is probably because they can’t afford it. My lease will hold each responsible for rent payments and other lease obligations.
I am looking to see criteria to inform applicant and avoid any issues of discriminaron in approvals.
How do you handle security deposits in this case?
Thank for your input!