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Updated almost 6 years ago, 03/29/2019

User Stats

78
Posts
16
Votes
Kiki Helland
  • Investor
  • Castaic, CA
16
Votes |
78
Posts

Criteria for approval with co-tenants

Kiki Helland
  • Investor
  • Castaic, CA
Posted

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!

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