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Updated over 11 years ago,
guarantor or co-applicant situation, what to look for
Can someone offer me advice as to anything in particular that I should look out for?
I am getting a new tenant, lease not yet signed, she does not make enough money, the rent will be paid by her father. Her father will not live in the property.
I suggested that both the tenant and her father are on the lease and both fill out the application form as if they both occupy the place. I run credit and background check on both. They are ok with my suggestion.
Is this a bad idea? what do most people do?
thanks
MJ