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Updated about 4 years ago on . Most recent reply

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Hannah McBee
4
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27
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Multiple Applicants- One not Qualified

Hannah McBee
Posted

Hi,

I'm creating my landlord documents and the BP template I received has a line that confuses me. Under Qualification Standards (such as 3x/rent income, US resident, etc), it says

"At landlord’s discretion, compensating factors such as an additional security deposit or co-signer (guarantor) may be required for qualification if Applicant fails to meet any one of the above requirements. In the event of multiple applicants, tenancy will be granted to the most qualified, based on the above criteria." 

Is the 2nd sentence saying that if 1 of the 2 applicants are qualified, then both applicants will be accepted? Thinking through different situations makes me hesitant to keep this sentence in the document. There's a difference between having 1 applicant who exceeds the 3x/rent amount with their income but has a spouse as a stay at home parent with no income (thus making that 2nd parent ineligible) vs if one of 1 applicants has a criminal record but the other does not. 

Am I reading or thinking about this wrong? Can someone clarify? Should I revise/remove that sentence? TIA!

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